Mac's fix for the Real Estate crisis

[Mac1958]

Housing is the most important and largest cost for most Americans, and right now its expense is causing significant harm to the economy. If I were omnipotent, here's what I would do:

1. Private Equity/REIT Ownership of Individual Residential Properties
The biggest and least-known cause of this mess. I would disallow REITs, Private Equity companies and other corporations from owning and renting out single family homes. In order to both soften the blow to these companies and prevent a real estate collapse, I would allow a ten-year liquidation schedule and provide good large huge massive tax advantages along the way. The significant increase in homes would make them more affordable. We may even need to provide tax advantages to homeowners who see a certain percentage drop in their home value. But if there is an economic crisis in this country, it starts HERE.

2. Tiny Homes
There is a pretty positive movement in the area of small, eco-friendly, high tech homes, many for $40,000 and less. I would encourage, advocate for, and provide tax advantages for the creation of large-scale developments of these homes. All would be controlled by HOAs that insure proper exterior maintenance and quality. Tax advantages would be provided in the early years as the number of these developments increase.

Perfect? Nope. Could some problems exist here? Yep. And, like America used to be able to do, we'd identify them and intelligently address them.

 

[SweetSue92]

Housing is the most important and largest cost for most Americans, and right now its expense is causing significant harm to the economy. If I were omnipotent, here's what I would do:

1. Private Equity/REIT Ownership of Individual Residential Properties
The biggest and least-known cause of this mess. I would disallow REITs, Private Equity companies and other corporations from owning and renting out single family homes. In order to both soften the blow to these companies and prevent a real estate collapse, I would allow a ten-year liquidation schedule and provide good large huge massive tax advantages along the way. The significant increase in homes would make them more affordable. We may even need to provide tax advantages to homeowners who see a certain percentage drop in their home value. But if there is an economic crisis in this country, it starts HERE.

2. Tiny Homes
There is a pretty positive movement in the area of small, eco-friendly, high tech homes, many for $40,000 and less. I would encourage, advocate for, and provide tax advantages for the creation of large-scale developments of these homes. All would be controlled by HOAs that insure proper exterior maintenance and quality. Tax advantages would be provided in the early years as the number of these developments increase.

Perfect? Nope. Could some problems exist here? Yep. And, like America used to be able to do, we'd identify them and intelligently address them.

I like those little houses, but think they're a big bigger than what many call "tiny homes". These look like they might actually have multiple rooms on a couple levels.

People used to regularly raise entire families in 3 bedroom, 1 bath, 1200 ft. homes. It's not great but doable.

 

[Polishprince]

"Tiny homes" are already very prevalent in a lot of places in the country- they are usually called "trailers" and are a great place for poor people to live.

But they are also mocked by leftists, and their residents are mocked as "trailer trash".

 

[JoeB131]

Housing is the most important and largest cost for most Americans, and right now its expense is causing significant harm to the economy. If I were omnipotent, here's what I would do:

1. Private Equity/REIT Ownership of Individual Residential Properties
The biggest and least-known cause of this mess. I would disallow REITs, Private Equity companies and other corporations from owning and renting out single family homes. In order to both soften the blow to these companies and prevent a real estate collapse, I would allow a ten-year liquidation schedule and provide good large huge massive tax advantages along the way. The significant increase in homes would make them more affordable. We may even need to provide tax advantages to homeowners who see a certain percentage drop in their home value. But if there is an economic crisis in this country, it starts HERE.

2. Tiny Homes
There is a pretty positive movement in the area of small, eco-friendly, high tech homes, many for $40,000 and less. I would encourage, advocate for, and provide tax advantages for the creation of large-scale developments of these homes. All would be controlled by HOAs that insure proper exterior maintenance and quality. Tax advantages would be provided in the early years as the number of these developments increase.

Perfect? Nope. Could some problems exist here? Yep. And, like America used to be able to do, we'd identify them and intelligently address them.

Wow, how come all your "solutions" usually involve Wall Street Bending us over and ******* us in the ass?

 

[leftwinger]

Wow, how come all your "solutions" usually involve Wall Street Bending us over and ******* us in the ass?

Commee Joe wants free hi-rise GOVT tenement housing for all. Free trash, utilities, wifi, cable and no background checks on Residents. Right next to your HS daughters.

Granted....I don't have the answers.

 

[Polishprince]

Commee Joe wants free hi-rise GOVT tenement housing for all. Free trash, utilities, wifi, cable and no background checks on Residents. Right next to your HS daughters.

Granted....I don't have the answers.

Probably saw the classic flick "New Jack City" and fantasized about putting all of the proles into places like the Carter.

 

[leftwinger]

Good jobs, great jobs, high pay jobs in CA are in Silicon Valley. There is no land to put anything. Roads are packed coming in, need 2X the lanes but nowhere to put them. There is no place to put trailers or tiny housing inside 2-3 hour one-way commute.

Zoning? Lol. Atherton on Palo Alto are not going I ng to allow it near them. Welcome to reality. I know. Big companies don't setup shop in Memphis or ATL. They go to asia.

 

[JoeB131]

Commee Joe wants free hi-rise GOVT tenement housing for all. Free trash, utilities, wifi, cable and no background checks on Residents. Right next to your HS daughters.

Granted....I don't have the answers.

No, you don't. But you'll whine about someone who does.

Of course, Vichy Mac's solution is to just let Private Equity do for housing what it's done for business. - Rape the shit out of everyone involved. And you peasants will be HAPPY with your tiny houses!!!

The problem with high-rise tenements (which were still an improvement over the tenements they replaced) was that they were built and then largely abandoned.

the replacement, Section 8 Housing vouchers, didn't prove to be much of a solution, either.

 

[Muhammed]

Getting rid of 20 million illegal aliens would free up some housing.

Shoot on sight orders should be given to the military. And make it legal for any American citizen to kill any illegal alien. Put a bounty on them and they will leave.

 

[leftwinger]

No, you don't. But you'll whine about someone who does.

Of course, Vichy Mac's solution is to just let Private Equity do for housing what it's done for business. - Rape the shit out of everyone involved. And you peasants will be HAPPY with your tiny houses!!!

The problem with high-rise tenements (which were still an improvement over the tenements they replaced) was that they were built and then largely abandoned.

the replacement, Section 8 Housing vouchers, didn't prove to be much of a solution, either.

Trump has some answers. Incentivise big Corps to put job centers here near your ghetto boys.

Versus Going to Shang-hi building fenced in secure on-site housing and jobs for Chinese workers.

Can't your boys work? Can't they figure out how to inspect or assemble? It was working till your leaders helped spread the virus.

 

[leftwinger]

CheeseMac has no fixed for the real USA. Mormon Utah is not Santa Ana or Cupertino or Jackson MS. He needs to live in it to know.

 

[JoeB131]

Trump has some answers. Incentivise big Corps to put job centers here near your ghetto boys.

You guys have been singing that song since Ronnie Ray-Gun. I don't even think you believe it anymore.

Versus Going to Shang-hi building fenced in secure on-site housing and jobs for Chinese workers.

Hmmm.... you mean the Chinese are beating us because they invested in their workers and education? Imagine that.

Can't your boys work? Can't they figure out how to inspect or assemble? It was working till your leaders helped spread the virus.

Last time I checked, Trump was in charge when the virus spread.

 

[leftwinger]

You guys have been singing that song since Ronnie Ray-Gun. I don't even think you believe it anymore.



Hmmm.... you mean the Chinese are beating us because they invested in their workers and education? Imagine that.


Last time I checked, Trump was in charge when the virus spread.

Resistance, Deep State obstruction, corrupt judges and your boys halt real progress. It won't end well for the USA, your way.

 

[Polishprince]

No, you don't. But you'll whine about someone who does.

Of course, Vichy Mac's solution is to just let Private Equity do for housing what it's done for business. - Rape the shit out of everyone involved. And you peasants will be HAPPY with your tiny houses!!!

The problem with high-rise tenements (which were still an improvement over the tenements they replaced) was that they were built and then largely abandoned.

the replacement, Section 8 Housing vouchers, didn't prove to be much of a solution, either.

Why do libs think that government owned housing is a solution to anything?

How did it work in the Liberal Utopia formerly known as the USSR?

 

[Polishprince]

Hmmm.... you mean the Chinese are beating us because they invested in their workers and education? Imagine that.

The Red Chinese aren't beating the US at all.

People wouldn't be escaping that liberal heck hole to come to America to start nail parlors and chop suey bistros at a record pace if things were so hunkydory in Red China.

 

[leftwinger]

Yes, many companies in China provide live-in dormitories, particularly in the manufacturing and factory sectors.
This practice is common for labor-intensive industries where workers, often migrant laborers from rural areas, are required to live on-site to facilitate long working hours and ensure availability for production.
These dormitories are typically located within or adjacent to factory compounds and are designed to house large numbers of workers in shared rooms, sometimes with limited amenities such as shared bathrooms and no kitchen facilities.

//* I could dig deeper. But I wont bother with board stain As a hi-tech worker i lived the outsourcing. I went to Asia a few times for work. Do you think this could be done in the USA large scale in say Memphis or Newark? *//

 

[iamwhatiseem]

The REIT explosion is due to the Obama/Bush bailouts following 2008.
Completely set a perfect stage for it to happen, and Obama did absolutely nothing to slow it down. Trump sure as hell isn't going to do anything about it - and Biden wasn't present enough in the world to care the least bit.
The mortgage holders were bailed out 100 cents on the dollar, including profits - AND - they were also given the homes after the people living in the home were forced out. This caused the highest percentage of vacant homes in U.S. history. And no one could afford to buy them between 2009-2015 because we had a recession.
But - Wall Street had tons of money thanks to the bail outs. So it happened - investment groups bought millions of homes.

It needs to stop - and politicians could care less. BOTH SIDES.

 

[leftwinger]

Stain luv them some APPL with a home O CEOvwith TDS and 2029 censorship. //

The workers, who are paid around $245 a month, live in crowded, dirty dorms. As the factory runs 24 hours a day, they sleep in shifts, up to eight to a room. The conditions are similar to those endured by workers putting together the new iPhone 5S, which is expected to be unveiled on Sept. 10.

 

[leftwinger]

What I saw, they get free AC double decker bussing in from the province. Meal tickets to the cafeteria breakfastvlunch dinner, Ride back home. It may be worse commuting intobSJ fromLis Banos in a beat up Civic 3 hours over a mountain.

 

[petro]

No such thing as a $40,000 house.
Mac forgot things such as lot cost which would rival if not exceed that 40K. Cost of labor is definitely not figured in. City permits and inspections. Materials have risen exponentially.
Realtor fees. HOA's also add a higher cost with little benefit to the homeowners.
Those tiny homes would realistically be close to 200K.