At the 5:20 mark you mention community leaders need to come up with "sustainable, effective solutions". Like what? I haven't heard any reasonable solutions from any local, or national leaders.
@Manausa
4 ай бұрын
That's a great point @kevinmilligan9555, nobody seems to be taking the lead on this. Our County Commissioners just sit and argue and point fingers at their meetings. One solution is to identify property for residential development. For example, many shopping malls are losing money as retail has moved online. With copious parking, malls could make for a great multi-family redevelopment. The key is to remove the handcuffs from developers that were created by Nimbys who have too much say about what others can do with their property. We didn't have this problem for the first 200+ years as a country, it was the "urban planning" people that decided people should work at one place and live at another.
@chrispoyner3338
3 ай бұрын
@@Manausa @kevinmilligan9555 I like the idea of the Mall and parking lots being possible multi-family solutions to the housing problem, but it seems like any builder who would be willing to spend the kind of money for the land, demo, & build is putting up apartment complexes as opposed to single family homes or multi-family units. Is there a way local governments can limit the new apartments being thrown up that push towards the dreaded renters society and incentivise local builders to build housing that helps get buyers out of rentals and into home ownership?
@Manausa
3 ай бұрын
Great question @chrispoyner3338, but you sound a lot like a NIMBY ... 🙂. ANY housing units added will take the pressure off of pricing. There are plenty of people who can afford single-family homes, but there is too much competition for all to be served. More apartments would reduce demand for single-family homes, allowing that part of the market to get healthy again. We've taken a positive step forward, building more apartments, and we should start seeing the months of supply of single-family homes creep back towards "normal." ... Bottom line, we need to stop restricting and telling people what they cannot do with their land (even if they plan to build apartments).
@smartt
2 ай бұрын
People aren't selling because there's nothing to buy, and what there is to buy is ridiculously over-valued, built on crazy small lots, or both. A viscous cycle.
@Manausa
2 ай бұрын
That's a good point @smartt, there is nothing to buy. We need more homes. But as far as "over-valued," do you think prices will generally rise or fall from here? Inflation is ravaging the economy, the cost to build new homes is higher than ever. Supply is low, demand is high ... are homes over-valued, or "just" out of reach for most Americans?
@gustavoramos2441
3 ай бұрын
LOL I know you just didn't use a statistic from 2008.... Yeah builders learned their lesson from 2008. Also the Locked in Affect has more of an impact on the market than New Home Builds, and a more educated individual will know that since the US Gov. has had Fannie Mae and Freddie Mac under conservatorship we have had record low foreclosures.
@Manausa
3 ай бұрын
Thanks for sharing your opinion @gustavoramos2441
@gusbarrera417
3 ай бұрын
Own nothing and be happy.
@Manausa
3 ай бұрын
Rent nothing and be happy ... both sides of the market have turned unaffordable @gusbarrera417.
@smartt
2 ай бұрын
@@Manausa True. Rent is just as bad as mortgages and obvious to anyone who listens or reads the local news. "Rent is too d---- high" and you have zero equity and limited options to what you can do with it.
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