Funny how when institutional investors started buying houses, rents went up. But I'm sure that $25k and 28% corp tax rate will fix this 
Access to Affordable Housing top of concern for OECD countries. US highest in rent increases
- Thread starter Seoul Gleou
- Start date
Belize King
I got concepts of a plan.
More starter homes need to be built. Everything here in Atlanta is “luxury” homes. We are a free market, but the govt can incentivize builders to build affordable housing. 3/2 1250SF single family homes. If you build 500,000 of these around Atlanta for 175-225K, people will be happy and quickly snatch up the homes until they are ready to buy their dream home.
Unfortunately, builders are interested and our govt can’t figure out how to attract them.
Unfortunately, builders are interested and our govt can’t figure out how to attract them.
Ol’Otis
The Picasso of the Ghetto
Holding out hope for a California craftsman or Spanish colonial house in south central
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Contractors are interested, yeah. But developers are the ones holding government nuts and they are only interested in maximizing rent profits. Best way to do that is luxury apartment buildings
I agree, IMO the main reasons for this not happening are -
1. Starter homes just aren't as profitable, so builders would rather build luxury homes
2. Restrictive zoning laws. Nobody wants' affordable housing in THEIR neighborhood.
Not sure what the fix is, but the government definitely needs to provide more incentives for builders.
Until there's actually enough housing to meet demand this will continue to be an issue.
Get corporations out of single family home rentals. No issues with people with 1-5 properties but companies with 1000s is a huge issue. Also companies like equity real-estate and others who use an algorithm to determine rental increases need to go as well.