Mac's fix for the Real Estate crisis

[iamwhatiseem]

They can start by letting more contracts to domestic companies, and 'casting their bread on the (domestic) waters'.

How very 1970. Not trying to be a smart ass, but today's investors don't give a flying doughnut about who owns a company or where it is. None. Not even a little.
All they care about is making money. PERIOD.
Major shareholders especially. They would not hesitate for one second to sell a company to China if they, themselves, make money off of it. Could care less.
This has been exceedingly true since the 1980s

 

[HikerGuy83]

No basements out west.

Basements are pretty common in Utah & Idaho.

In Arizona, not so much.

 

[petro]

Out west, they are hard to avoid. If you want a home that's not an 100yr old fixer-upper. Including corrided clogged pipes to the street in many cases.

Newer homes, gated communities are $150-$350 HOA probably.

I moved to the exurbs back in 96 and never looked back.
No snoopy neighbors and no one telling me I can't park my camper and trailer on my large lot.
Even built a second 24x30 detached garage for the toys.

 

[leftwinger]

I moved to the exurbs back in 96 and never looked back.
No snoopy neighbors and no one telling me I can't park my camper and trailer on my large lot.
Even built a second 24x30 detached garage for the toys.

That's hard in CA (2 hour stop&go commute at 7AM) if you have to get to a job. Less hard in AZ or Idaho probably.

Living way out with space is either not available or only for the rich or retired.

 

[MarathonMike]

"All would be controlled by HOAs that insure proper exterior maintenance and quality."

^^^^
That part is a big **** no for me.
I would never live in a HOA community.
Just another expensive cost with little return except for the Karen's running it.

HOAs can definitely go overboard with fees and some are quite obnoxious in their "enforcement" of CCRs.

 

[petro]

HOAs can definitely go overboard with fees and some are quite obnoxious in their "enforcement" of CCRs.

One high end neighborhood we built in, the HOA would only let homeowners put up Christmas lights from a company approved by the HOA.
Their HOA was $600 a month.

 

[iamwhatiseem]

HOA's are one of the most anti-American examples there is.
I would never in a million years live in one.
Mostly they are in upper middle class neighborhoods that want to pretend they are upper class.
Equally as much of a rip off as Amenity fees.
They have an unstaffed pool, a room with sweaty gym equipment and charge tenants like $150/mo.
Do the math - if there are just 50 tenants that is $90k a year. Doesn't cost 1/8 of that to poorly maintain an existing pool.

 

[Correll]

They can start by letting more contracts to domestic companies, and 'casting their bread on the (domestic) waters'.

Agreed.

 

[Dagoth-Ur]

"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".

Leftists are anti humans

 

[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.

Well, lookie here!

Trump says U.S. to ban large investors from buying homes

 

[MarathonMike]

Who the hell needs 2000 sq ft?

In the 60's and 70's people raised large families with 1,200 sq ft.

We've gotten way to entitled.

Another thing is basements. Cheap living space. Why are they not done anymore or in some locations.

I hear things like....to costly. Bullshit.

I agree about American entitlement. And entitlement is fine imo if you can afford it. My wife and I are empty nesters and have a house much larger than 2000 sq ft, obviously more than we need but we earned it and we love it. For younger people, the entitlement will have be recalibrated to "what do you really NEED"?

And basements, seriously. I moved to Arizona and couldn't believe no house had a basement! I'd ask and people would say "oh the Calichi layer is so tough to dig through and stupid stuff like that. I would say "then why do I see swimming pools in yards everywhere? I would usually get a "Oh hmmm good point!"

 

[dblack]

Obviously, government needs to take over housing. How else can we survive?

 

[HikerGuy83]

Obviously, government needs to take over housing. How else can we survive?

I truly hope you are being sarcastic.