What is the cause of housing shortages?

[Curried Goats]

Why would someone want to build something they can't sell? Are you really that dumb? There is nothing wrong with some basic regulations, but when it's factoring into 30 percent of the cost, that's far too much.

Is it though? Based on what knowledge of home building?

 

[Woodznutz]

It's not normal now, maybe when we were coming out of the Carter inflation it was normal...but not at all now. Hence why the Fed wants to cut them and why people aren't buying homes.

Low interest rates encouraged builders to build more expensive homes, bypassing starter/retirement homes. The convention was 8 percent mortgage interest, 20 percent down payment.

 

[1srelluc]

The real reason is overpopulation.

Yeah, the 1970 US population of 207 million was just about right.

I'm starting to come around to Bill Gates way of thinking.

 

[MarathonMike]

Listening to the Presidential debate will never inform you about anything, let alone the housing shortage.

All you will hear is Kamala saying she will build more and give money away, but never addressing the causes of the housing crisis other than blaming Trump.

LOL. What useless morons we have in government.

In fact, giving money to first time home buyers will probably just cause prices to go up.

Here are a few articles that shed light into the problem

https://www.weforum.org/agenda/2022/06/how-to-fix-global-housing-crisis/

A shortage of land, lending, labour and materials since the financial crisis in 2008 are the main causes of the US housing shortage, the Moody’s study finds.
This has driven up costs and cut the profit margins builders can make. They have less incentive to build more homes, “particularly lower-priced housing with lower margins,” Moody’s Analytics says.
COVID-19 is considered to have made the housing crisis worse, as buyers and renters looked for more space during lockdowns. Historically low-interest rates in many countries, which make it cheap to borrow money, have fueled this phenomenon.

And this article

The U.S. is now short 4.5 million homes as the housing deficit grows - Jun 18, 2024

zillow.mediaroom.com

Reforming zoning rules to allow for more density is key for more homes to be built. Experts overwhelmingly agree that relaxing zoning laws is one of the best ways to improve affordability, and these types of measures have broad support among homeowners and renters. Even adding a modest amount of density in the country's biggest markets could create millions of new homes.

The Democrat's "solution" is to create another taxpayer funded handout to buy votes. That will do NOTHING to solve the housing problem and may very well plant the seeds for a replay of the 2008 housing and banking collapse. You have to be brain dead to support the Democrats.

 

[Curried Goats]

Yeah, the 1970 US population of 207 million was just about right.

I'm starting to come around to Bill Gates way of thinking.

So to sum up the Republican plans for the housing shortage are to allow builders to build and sell homes unburdened by regulations and what.... genocide? Forced birth control? Mass deportation?

 

[struth]

Low interest rates encouraged builders to build more expensive homes, bypassing starter/retirement homes. The convention was 8 percent mortgage interest, 20 percent down payment.

Builders build homes that people will buy.

Right now we have a shortage of housing and nobody buying existing homes

 

[BluesLegend]

15 million illegal migrants don't help the situation....

We would have to build over 300,000 homes a month just to house those filthy criminals.

 

[BluesLegend]

The market has seized up due to the vast majority of people locked into super low interest rate mortgages. They are not willing to give up a 2.5% mortgage for a Biden/Harris jacked up 7% mortgage.

 

[Woodznutz]

Builders build homes that people will buy.

Right now we have a shortage of housing and nobody buying existing homes

Existing homes are too expensive. Affordable houses would sell like hotcakes but no one wants to build them, and cities don't want them built (NIMBY).

 

[American Eagle]

Abolish HUD.

 

[Unkotare]

​

Send 50 million of Unkotare ’s treasures home ...

My students' homes are here in Massachusetts.

 

[The Sage of Main Street]

The real reason is overpopulation.

Build Back Barren!

 

[elektra]

The real reason is overpopulation.

You can fix that by one

 

[Woodznutz]

Build Back Barren!

Overpopulation means a large unskilled population that can barely afford to rent much less own a home.

 

[Unkotare]

The real reason is overpopulation.

There is no "overpopulation," and there never will be.

 

[Woodznutz]

You can fix that by one

I'll be gone soon.

 

[Woodznutz]

There is no "overpopulation," and there never will be.

If there's no jobs or housing there's too many people.

 

[Unkotare]

If there's no jobs or housing there's too many people.

There are NOT "too many people," and there never will be.

 

[Woodznutz]

There is no "overpopulation," and there never will be.

There are nearly 8 million people that can't find a job. Millions of others are underemployed. They survive by taking resources from others. Back in the day there were more jobs than people to fill them. Today, just the opposite.

 

[Unkotare]

I believe the Bible, which says woe to people who live in crowded conditions. I think that been pretty much proven.

We are nowhere near "crowded" in the US.