1) Soft on crime policies reduce supply by making many starter homes in unlivable high crime areas. Lower supply --> higher prices elsewhere.
2) Illegal immigrants increase demand for starter homes. Increase demand ---> higher prices.
3) Section 8 money (HUD) for single family dwellings (houses) increases demand for houses. Increase demand ---> higher prices.
So many young people vote Dim, then complain that boomers are messing up the housing market. When it's the Dims that's making starter home prices unreachable.
So many young people vote Dim, then complain that boomers are messing up the housing market. When it’s the Dims that’s making starter home prices unreachable.
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A major factor for higher home prices is the monetary system.
The supply of land doesn’t increase, but the government relentlessly increases the supply of dollars. The supply of free market money would increase a lot less.
COST OF BUILDING NEW HOMES IS COMPLICATED BY DATA CENTERS GETTING ALL THE LABOR & MATERIALS .
Good summary. Additional comments:
1) immigration both legal and illegal (increased demand means higher prices)
2) feminism / high taxes leading to dual income families (increases the number of qualified purchasers at a particular price point - which again means higher demand which increases prices)
3) credit / usury: the availability of credit always drives prices up. I’m not saying that all home purchases should be for cash but it still must be understood that the ability to buy an item on credit will naturally tend to increase the item’s price
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