Blue States Are Creating a Housing Market Crisis

[Thinker101]

In the midst of a lingering affordability crisis in the United States housing market, Red states like Texas have been successfully building or starting to build millions of new homes in the past few years, while Blue states like California and New York are struggling to replenish inventory.

Within the last two years, some 116,693 single-family home permits were issued in California, out of a total of 221,983. In the same period, Texas issued 293,569 single-family home permits out of a total of 477,825—more than double those issued in the Golden State.

In the past ten years, California issued a total of 1,069,096 permits, of which 555,943 were for single-family homes, while Texas issued 2,017,652, of which 1,303,555 were for single-family homes.

In California, adding to the dilemma, whether buying a new or an existing home, the next trick is trying to buy insurance.

MSN

 

[BluesLegend]

Nobody wants to live in Dem shithole illegal infested liberal freak show California. Normal people are fleeing.

 

[JLW]

Nobody wants to live in Dem shithole illegal infested liberal freak show California. Normal people are fleeing.

Nobody wants to live in California which is why the average home price is $750,000.00.

 

[Mr Natural]

Nobody wants to live in Dem shithole illegal infested liberal freak show California. Normal people are fleeing.

Reason number one why housing is so cheap in California.

 

[sealybobo]

In the midst of a lingering affordability crisis in the United States housing market, Red states like Texas have been successfully building or starting to build millions of new homes in the past few years, while Blue states like California and New York are struggling to replenish inventory.

Within the last two years, some 116,693 single-family home permits were issued in California, out of a total of 221,983. In the same period, Texas issued 293,569 single-family home permits out of a total of 477,825—more than double those issued in the Golden State.

In the past ten years, California issued a total of 1,069,096 permits, of which 555,943 were for single-family homes, while Texas issued 2,017,652, of which 1,303,555 were for single-family homes.

In California, adding to the dilemma, whether buying a new or an existing home, the next trick is trying to buy insurance.

MSN

We don't have the space dummy.

Population density is calculated by dividing the population size by the total land area. This calculation is expressed as the number of people per square mile. The global population density (based on land area, not including bodies of water) is 120 people per square mile.

Texas has just 105.2 people per square mile

And every state in the top 10 is a red state.

Keep building more homes and we will start moving there.

 

[Moonglow]

In the midst of a lingering affordability crisis in the United States housing market, Red states like Texas have been successfully building or starting to build millions of new homes in the past few years, while Blue states like California and New York are struggling to replenish inventory.

Within the last two years, some 116,693 single-family home permits were issued in California, out of a total of 221,983. In the same period, Texas issued 293,569 single-family home permits out of a total of 477,825—more than double those issued in the Golden State.

In the past ten years, California issued a total of 1,069,096 permits, of which 555,943 were for single-family homes, while Texas issued 2,017,652, of which 1,303,555 were for single-family homes.

In California, adding to the dilemma, whether buying a new or an existing home, the next trick is trying to buy insurance.

MSN

NW Arkansas has a severe housing shortage and it is solid red.

 

[Moonglow]

We don't have the space dummy.

Population density is calculated by dividing the population size by the total land area. This calculation is expressed as the number of people per square mile. The global population density (based on land area, not including bodies of water) is 120 people per square mile.

Texas has just 105.2 people per square mile

And every state in the top 10 is a red state.

Keep building more homes and we will start moving there.

Texas can keep it's shit hole to itself. It's not so much the land it is the people that suck ass.

 

[Thinker101]

Nobody wants to live in California which is why the average home price is $750,000.00.

 

[Mac-7]

We don't have the space dummy.

Which for libs in california is all the more reason to throw the gates open and import all the poor people from south of the border they can find

 

[leftwinger]

as usual the spinners are ill-informed. The key in CA is “Buildable Lands”. Most of CA is Mountains, forests or desert. Where people need to live is maxed out (bay area, LA, SD. Zoning does not permit Redwood forest to be taken over. You cant easily put a cheap mobile home or cabin in Palo Alto …… building costs, land are thru the roof.

 

[JLW]

View attachment 915618

Be that as it may, you will need a hell of alot more money to buy a house in California than in Alabama.

 

[22lcidw]

We don't have the space dummy.

Population density is calculated by dividing the population size by the total land area. This calculation is expressed as the number of people per square mile. The global population density (based on land area, not including bodies of water) is 120 people per square mile.

Texas has just 105.2 people per square mile

And every state in the top 10 is a red state.

Keep building more homes and we will start moving there.

Progs are restricting growth in their areas or making cost too much to do so. California needs to throw away much of the environmental excesses and get back to building real infrastructure. The boondoggle high speed train line is an example. A white elephant.

 

[leftwinger]

Progs are restricting growth in their areas or making cost too much to do so. California needs to throw away much of the environmental excesses and get back to building real infrastructure. The boondoggle high speed train line is an example. A white elephant.

CA already has 40mil (they will admit to) plus illegals roaming back and forth willy-nilly. TX only has 25mil that they know about. Supply & Demand plus wealth to buy.

 

[Smokin' OP]

People moving to Texas?
Wait until they get their power bill, after Cancun Cruz goes to Mexico.

Texas woman sues over $9300 electric bill from Griddy​

The Texas Tribune
https://www.texastribune.org › 2021/02/23 › texas-elect...
Feb 23, 2021 — Texas woman who received $9,300 electricity bill files class-action lawsuit against wholesale electricity provider Griddy ... Greg Abbott has said ...


Texas’ Public Utility Commission, appointed by Abbott, raised the wholesale market price of electricity to $9 per kilo-watt hour — a 7,400% increase over the average 12 cents per kilo-watt hour — in response to rising demand. The hope was power generators would be enticed to produce more electricity.

Texas greenlit 39 rate hikes in Q2 2023​

Insurance Business America
https://www.insurancebusinessmag.com › breaking-news
Aug 24, 2023 — Texas regulators have approved several substantial homeowners' insurance rate increases in the second quarter of 2023.

 

[sealybobo]

Progs are restricting growth in their areas or making cost too much to do so. California needs to throw away much of the environmental excesses and get back to building real infrastructure. The boondoggle high speed train line is an example. A white elephant.

Seems like an opportunity for red states to steal our best citizens. So don't worry about us. Show us where red states are rebuilding infrastructure. And if they are, it's only because of Biden's infrastructure bill.

 

[my2¢]

With New York's metropolitan area's population 2½ times that of Dallas and LA's 1½, it easy to understand why folks are leaving.

 

[Resnic]

In the midst of a lingering affordability crisis in the United States housing market, Red states like Texas have been successfully building or starting to build millions of new homes in the past few years, while Blue states like California and New York are struggling to replenish inventory.

Within the last two years, some 116,693 single-family home permits were issued in California, out of a total of 221,983. In the same period, Texas issued 293,569 single-family home permits out of a total of 477,825—more than double those issued in the Golden State.

In the past ten years, California issued a total of 1,069,096 permits, of which 555,943 were for single-family homes, while Texas issued 2,017,652, of which 1,303,555 were for single-family homes.

In California, adding to the dilemma, whether buying a new or an existing home, the next trick is trying to buy insurance.

MSN

That's because blue states do not really believe in single family homes or traditional families or want people to own their homes and land. It's easier to smash everyone together and turn them into perpetual renters that are crowded and stuck.

California has been messing with single family home zoning for a few years now and been slowing it down or eliminating it in some areas.

https://www.sacbee.com/news/politics-government/capitol-alert/article270200527.html

A lot of it has to do with large corporations buying politicians in order to push for more corporate owned housing. Meaning corporations buy a whole lot of single family homes and then rent them.

Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here's what that means for rental prices

Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.

www.cnbc.com

New single family home construction has been struggling since last year while apartment complexs have been booming. Companies push apartments because they make more money on a continuous basis. They can charge insane amounts of rent and fees, people trapped in renting have a hard time getting out of it, and once they run the building down they turn it into section 8 housing and soak up federal payments. Plus now they have the added benefit of sticking illegals in them and charging uncle sam.

Why is apartment construction booming? - Marketplace

Construction of multifamily units has continued to rise, even as single-family home construction has fallen.

www.marketplace.org

15 minute cities are becoming more and more talked about and apartments are the backbone of them. Course when you try to find out anything negative about 15 minute cities all I get are google search results about how how everything bad about them is a conspiracy theory.

15-Minute City

The 15-Minute City Project is an information resource designed to help access-focused urban transformations be ambitious, inclusive, measurable and effective.

www.15minutecity.com

 

[22lcidw]

Seems like an opportunity for red states to steal our best citizens. So don't worry about us. Show us where red states are rebuilding infrastructure. And if they are, it's only because of Biden's infrastructure bill.

Florida has built much of its infrastructure with little if any from Joe.

 

[BluesLegend]

Nobody wants to live in California which is why the average home price is $750,000.00.

It's hilarious how ignorant and ill informed you Dems are about your own Dem shitholes. Return after you educate yourself how much Dems TAX and FEE and REGULATE to jack up the cost of new construction like parasites. Then you will have some clue as to why it's so expensive and not look like a retard.

 

[BluesLegend]

Reason number one why housing is so cheap in California.

Got it's another ignorant Dem sheeple, see my other post.