Increase building of single family homes by getting rid of the green regs stopping it.
This! ↑ ↑ ↑ ↑ ↑ ↑ ↑
“Increase building of single family homes by getting rid of the green regs stopping it.”
The Fed targets 2-3% inflation and has been doing so for decades. The problem is all the things the Fed does not measure in calculating inflation. Drugs, medical care, insurance, energy, food, etc. When they target three percent, that drives the actual inflation to 10%. Pick a basket of items, like cars, houses and large appliances and you’ll see the real inflation is at least ten percent. That means you have to vastly multiply your earnings to keep up with it and THAT doesn’t happen.
When I started out as a low-end landlord all of my renters had bank accounts. Now, only one has a bank account. That’s because all the others are living paycheck to paycheck. When a couple of them got sent home without pay because of Covid exposure, I carried them for several months. They’ve never recovered. (I’ve also given two of them running cars. I can do that because I used to keep cars for two decades. The cars don’t last that long anymore no matter the maintenance.)
There’s a lot of fixer-uppers out there, we should be providing incentives to clean up those neighborhoods and refurnish those houses. But the thing is, you have to make sure those neighborhoods are safe, and I fear there’s no way to make that happen without all the cries of “Racism!”
No. Repel the 60 million illegals here cutting wages, bankrupting our government, and destroying our culture—and housing will become more affordable while incomes also rise.
“Increase building of single family homes by getting rid of the green regs stopping it.“
^^^^^This.
exactly correct. It is simple supply and demand.
Make it easy to build smaller cheaper homes and they will be built driving up supply and down prices.
You dont “build” affordable housing, you build a LOT more housing which will drive down the cost as supply goes up. Anything new will cost the most.