America's big cities are turning into housing catastrophes. If we want to fix this mess, we should try and copy Tokyo.

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BigMan

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I have a lot of thoughts on this. Government needs to step in and build/subdsidize housing in office heavy downtowns that haven’t really recovered from the pandemic. End single family only zoning, and increase home buying assistance. That’s the first steps. Invest in public transportation so that suburbs become viable and you’re not spending 7 hours commuting. Long term, homeownership as an investment needs to be reconsidered as well.
 
shonuff

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BigMan said:
I have a lot of thoughts on this. Government needs to step in and build/subdsidize housing in office heavy downtowns that haven’t really recovered from the pandemic. End single family only zoning, and increase home buying assistance. That’s the first steps. Invest in public transportation so that suburbs become viable and you’re not spending 7 hours commuting. Long term, homeownership as an investment needs to be reconsidered as well.
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So people shouldn't own the place that they live???
 
shonuff

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BigMan said:
:hhh:
That’s not what i said breh
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Well.what does long term ownership as an investment be reconsidered mean?

Reconsidered how?

What should replace long term ownership?

Should homes not appreciate in value ?

Part of finance of investment in the nation is pegged on the consideration of owning a home as a means of having wealth .....then what other method of investment should a person have in lieu of owning a home ?
 
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BigMan

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shonuff said:
Well.what does long term ownership as an investment be reconsidered mean?

Reconsidered how?

What should replace long term ownership?

Should homes not appreciate in value ?

Part of finance of investment in the nation is pegged on the consideration of owning a home as a means of having wealth .....then what other method of investment should a person have in lieu of owning a home ?
Click to expand...
One of the biggest reasons real estate is so expensive is because people use it an as investment. That speculation causes astronomical home prices so yes, I think as a society we may need to change or cap how much homes can climb in value to prevent rising costs and displacement

Gentrification usually causes displacement when property values rise. Long term we need to shift in viewing homes as places to live rather than things that’ll make us money. Because our current system is not sustainable
 
Payday23

Payday23

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Rhakim said:
I just read that 25% of single-family homes sold in the USA in 2021 were bought by people who weren't planning to live in them. Just people looking to flip real estate, stockpile property as long-term investment, or rent out AirB&B spots.

In a lot of big cities the number is even higher when you factor in apartments - close to 40% of the residences in some cities are owned by people who don't even live there.
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I hope it all collapses and they go bankrupt
 
shonuff

shonuff

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BigMan said:
One of the biggest reasons real estate is so expensive is because people use it an as investment. That speculation causes astronomical home prices so yes, I think as a society we may need to change or cap how much homes can climb in value to prevent rising costs and displacement

Gentrification usually causes displacement when property values rise. Long term we need to shift in viewing homes as places to live rather than things that’ll make us money. Because our current system is not sustainable
Click to expand...
Wait so how would that even be an accomplishable task? Homes have value because of their location and of coursevthe favt that people want a personal place to live thats their own

Its an investment no matter what since its a thing people want and we live in a capitalist society the more someone wants a thing the higher that price is

I dont see how you can say its a goal to want to view a home as just a place to live - that doesn't make any sense - it ignores a fundamental fact that homes cost money to build and because they cost money they have to be sold at a rate that makes it worth the while for someone to spend the money to build it in the first place- they aren't just a place to live anymore than a diamond is just a stone or oil is just a liquid .

The govt got out of the business of building homes because managing them (construction and maintenence ) costs a lot of money.

If someone is building a home they aren't doing it just to have a place to live- th we housing industry is an industry- industry exists to make a profit

If someonwone builds homes to sell them they are doing so to make a profit

If someone is selling supplies that are used to build homes they are also doing so to make a profit .

All those persons are doing what they are doing to earn a living and pay workers ( carpenters ,electricians. Ironworkers, painters, etc )

So I don't get how you come to a conclusion that capping what value a home can have is going to solve or alleviate housing scarcity - if anything that will just make it worse

Why would someone build a home if it means that they will lose money in constructing it?

Your proposition sounds very unrealistic
 
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