Mac's fix for the Real Estate crisis

[Polishprince]

No such thing as a $40,000 house.

Absolutely not true, with all due respects.

Plenty of cities have been able to keep the price of homes at a reasonable level, like the Tremendous City of East St. Louis which has many homes lower than 40k

https://www.homes.com/property/915-sycamore-st-east-saint-louis-il/vrm3yxq417mlj/

 

[iamwhatiseem]

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.

Way-way more than just Apple.
And currently in Canada, due to them also having TDS, the libs are buddying up to the idea of increasing "trade" with China and lessening trade with the U.S.
Cause that is how stupid they are.

 

[Harry Dresden]

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.

geezus....lol...

 

[leftwinger]

geezus....lol...

Lol! I missed the bottom part of that post.

 

[Correll]

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.

1. Impressed by your constructive tone.

2. I could strongly support point 1. Personally I would be fine with the assholes who decided to invest heavily against homeowners getting fucked, but if you want to give them a soft landing as part of a solution, that would be... acceptable.

3. No problem with tiny homes in theory.

4. I've also heard some interesting results from restricking Air B and Bs. That seems to be a factor in this issue too.

 

[sparky]

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.

well i've worked those 'small home' jobs now for decades , including my own farm where i existed in a 16'x24' shack .....so yeah.....~S~

 

[Dekster]

If you want prices to come down, just stop government backed mortgages. If banks knew that would be the one stuck holding the bag, they would stop lending people $200K to buy an 80 year old two bedroom shotgun shack in the hood.

 

[JoeB131]

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

Yet the economy only seems to go into the shitter when your side is in charge. How does that happen?

 

[1srelluc]

There comes a time when you have to quit worrying about the predicament of others and hold on to what you got.....I'm at that point.

 

[leftwinger]

Yet the economy only seems to go into the shitter when your side is in charge. How does that happen?

My holdings are way up for the year? ADP got 42K new jobs. Give it time to legally clean up the corrupt rat-hole deep state always leaves for any American President.

Hopefully they will not enlist (and help) enemy coz tries to attack with disease or rioting this time. The USAID spigot shut off at least half way this time will help.

 

[leftwinger]

well i've worked those 'small home' jobs now for decades , including my own farm where i existed in a 16'x24' shack .....so yeah.....~S~

How's the bugs and critters doing outside? Can you keep them outside?

Did you have power? Water? Outhouse or indoor. Where you take showers?

 

[leftwinger]

Do you think you are going to get American city folks to hot-bunk it at factory housing? Lol!

If hot bunking is as far as China goes? I'm not certain. Maybe with your own bedding?

Maybe they each have their own bunk but shared toilets and no hot water showers I'm betting? Right side by side. Hole in the floor and a hose. I've seen that. They squat really good. The stink comes up.

 

[Stryder50]

FYI;

What Is a Real Estate Investment Trust (REIT)?​

Real estate investment trusts (REITs) are companies that own, operate, or finance income-producing real estate across a wide range of property sectors. These investments, which can often be purchased through top brokerage and real estate crowdfunding platforms, allow you to earn income from real estate without having to buy, manage, or finance properties yourself.

Created by a 1960 law, REITs were designed to make real estate investing more accessible so smaller investors could diversify their portfolio with skyscrapers, shopping malls, or apartment complexes with the same ease as buying stocks. By pooling capital from many investors, REITs have changed and funded much of American real estate, often in ways few in the public understand. Below, we’ll explore how they work, what benefits and risks you need to know about, and how to invest in them.
...

Understanding REITs: What They Are and Tips for Investing Smartly

Discover the essentials of Real Estate Investment Trusts (REITs), their benefits and risks, and how to start investing wisely in these income-producing assets.

www.investopedia.com

 

[Rawley]

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.

How about deporting the 20 million illegals? That should ease things.

 

[Stryder50]

Permitting, land use restrictions and other guv'mint intrusions have helped to reduce places to build homes while adding immensely to costs increases.

 

[JoeB131]

My holdings are way up for the year? ADP got 42K new jobs. Give it time to legally clean up the corrupt rat-hole deep state always leaves for any American President.

Hopefully they will not enlist (and help) enemy coz tries to attack with disease or rioting this time. The USAID spigot shut off at least half way this time will help.

UH, guy, the economy is in the shitter right now. Of course, since BLS is closed due to the shutdown, we don't know how many jobs have been lost.

If we go into recession this year, will you guys admit fault? I doubt it, because you didn't for the last 10 recessions you caused.

 

[eagle1462010]

California has the highest impact fees for homebuilding in the country

In Cali the fix would be to throw all rhe politicians into the Pacific Ocean after chumming the water.

 

[Harry Dresden]

Lol! I missed the bottom part of that post.

there are just so many "tough" people on the internet...

 

[Toddsterpatriot]

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.

Unless it's increase supply (reduce regulations and fees to encourage new building) and reduce demand (deport 30 million illegal aliens), it won't work.

 

[Toddsterpatriot]

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.

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.

No they weren't.