So what party fixes this and how?

Exactly. You don't see them as employees, you see them as competition.

Hispanics are doing a ton of new homes construction and do have large extended families in small apartment units. This is a pretty good idea. The real best way to solve it is to make owning more than one home cost prohibitive. When capitalism decided to make the American dream a business model home ownership was lost. Why would I let you own a home if I can own it and charge your for it. Honestly communism is better than renting.

Real estate underpins the entire lie of democratic capitalism. It's the basis of inflated GDP statistics (anywhere from 10-30% of national GDP), inflated property taxes, and it is the sole source of personal wealth for the majority of the elderly voting class. No incumbent politician will ever address the "housing crisis" because this situation benefits them, first and foremost. Someone else will deal with the riots decades from now.

You sir are a moron.
Supply and demand.
It isn't the homeless that are buying up all the houses to profit off tour rents.
Wall Street gaisn all the equity and you wage slave to make rent.

It is neither it is private equity buying up rental properties. You need to tax the fuck out of every home beyond your first to make sure your American dream isn't there hustle.

The problem is not whether you own or rent, the problem is affordability. Owning a home is retarded anyway.

Hispanics are doing a ton of new homes construction

Yeah because more rows of shitty .4 acre pulpwood shit shacks made by mongoloids sold for 100k profits is what America needs to solve the housing crisis

have large extended families in small apartment units

Not they don't, they have large extended families in houses, which increases the cost of housing as they have more money to pool kill yourself paco

communism is better than renting.

Oh so it's just bait

I own a modest home i bought in 99 the property tax is now like 6200 a year its insane.

They are owned by the vultures stuffing every mailbox with. "We will buy your home for cash right now!".
Taxing those with more than one home until renting a property out is no longer profitable is the only way to save the hosuing market. Don't listen to me though I am just a leftist who saved enough money to help his kids buy homes. This has been coming since the start of Trump's first term. Once the housing crash and financial crisis were averted by Obama anyone who really cared about American families should have stopped the wealthy from buying ally he inventory. Too bad Trump is a real estate guy. The well too bad so sad.
You won!.
Kek

Lmao us leafs have seen this decoupling for a decade now. If you're a leaf and don't own a house already, you probably never will.

hispanics build houses!

Part of the issue. Houses were built before we had a massive number of spics from everywhere and there was no housing shortage.

they live in apartments

Slave labor mentality. Their 8 children won’t live with 12 people in a 2 bedroom.

They also make wages a race o the bottom while open borders prevent any kind of worker pay protection.

Taxing those with more than one home until renting a property out is no longer profitable is the only way to save the hosuing market.

You are retarded.

Economic reset via global nuclear war where 2/3rds of the earth's human population is eliminated.

It will never get any better. Housing has become a huge commodity and source of wealth. Any proposal to lower the value of homes will immediately be shot down at a local level. Plus you'd have millions of people going underwater on their mortgages overnight and causing market chaos. It's truly and genuinely over.

My parents own 2 apartments and 1 extra home that they rent out and will under no circumstance let my brother or me live in.

At some point generational wealth should be allowed to accumulate and not every generation needs to start over again. Im so sick of the renting housing search.

So how does someone whos in say hs now or first year of college do it now?

The Amrimutt way:
Blame people in Europe
Blame people in Asia
Blame people in South America

If you don't come from a rich family, you pay exorbitant rent until a relative dies and you inherit their home.

Outside of that, you could watch the market like hawk and maybe after months or years of looking get really lucky and find something in your budget that isn't a complete hovel. But that's no guarantee.

Yea things are totally fucked, and who knows how much property tax youll be paying on that home in the next few years, some states you could be at like 10k a year for not the biggest house.

Housing prices below 700k are falling. The only ones rising countrywide are giga expensive mcmansions retired boomers are buying and selling to each other. Trump is fixing it by fucking the economy. It turns out when everything is expensive as shit and people are afraid of being laid off every day they are less likely to get a mortgage.

Homeowners vote to increase their home value while renters vote to decrease their rent. As homeownership is consolidated, homeowners will have less voting power. So unironic accelerationism will solve the problem.

Whichever one brings us the Great Depression 2.0 will bring us lower home prices

The mortgage market is the cause of this. Big corporations buy and sell like the stock market, except they own the land so they simply do this.

They bet that mortgages will rise, then they raise mortgages. They win.
They repeat until the bubble is going to burst, then they bet that mortgages will go down. They bring mortgages down, they win.

It's a rigged market and unless you buy empty land and develop it yourself, owning a home is going to be out of your reach.

Brutal

damn should have voted dem

He's right. The only way to fix cost of living is to vaporize the home equity of normies.

MASS DEPORTATION
EQUALS
MASS DEMAND DECREASE
EQUALS
MASS PRICE DECREASE

If Trump actually took the steps to encourage self deportation, the housing market would absolutely disintegrate as taxes on empty units started to pile up.

Prices are already coming down near me, but they could be dropping 30% or more if we did things right.

This would work
en.wikipedia.org/wiki/Land_value_tax
If only the landlords didn't run the show.

No I see them as what they are, parasites
Like (You)

Explain why, because I believe in a progressive property tax based on number of single family homes owned.

The more SFH you own, the more taxes you pay on ALL of the properties. Why should this not be the case?

less housing built than during great depression

This party.

I see you are missing the only one that is actually to blame.
A cohencidence I am sure

wait it out until the boomers die off

that's literally the global plan for this

Because it doesn't address the underlying supply and demand problem. It'll just flood the home buying market with people that used to rent and you'll end up with just as many people who can't afford housing. It's a solution steeped in the wrong idea that owning a home is good and renting is bad.

/thread

What does that even mean?

Oh, I see the problem.
you are fucking stupid.

Let’s pretend what you said happens, somehow prices don’t change at all yet people who were not buying houses decide to buy anyways. Cool.

Now you have a bunch of empty apartments. What happens to the price of apartments?

Diddy Party.

it means you are a historylet

We had a republican in office, everything was good Jack

can you even read that chart properly? do you know why there are dips even during republican presidencies?

what party fixes this

You might consider taking your destiny into your own hands instead of waiting around for some politician to un-fuck your shitty life for you.

I'm talking about single family homes. Let's say you have a town with 100 houses. 50 of them are owner occupied and 50 of them are tenant occupied. 10 of the owner occupied houses are for sale and there are 20 people who want to live there. Right there, 20 people are competing for 10 houses so you'll get 10 people who can't afford a house.

Now if you implemented your plan, those 50 tenant occupied houses will go for sale but those 50 tenants will enter the home buying market. So you'll have 70 people competing for 60 houses and end up with the same number if people who can't afford a house.

You need to address supply and demand

"home value was zero before 1970"

It uses 1970 as a baseline you fuckin tard lmao. Bonus question: what happened in 1971?

Something with Nixon and gold.

Based NO SPIN ZONE

that's one part of it

you will note that the y-axis shows % not $

I said TWICE I was talking about SFH, you economically and literally illiterate faggot.

Why are there only 20 people looking for a home? Is perhaps based on the PRICES? Or are you under the impression everyone just HATES owning a home and wants to rent a roast infested coffin?

So if you add a COST to renting out homes, renting out homes becomes more expensive which reduces the demand for home rentals which changes the value of owning a home for rentals. If you own a home for rental and no one rents it, you are just pissing money away.

So you sell it. But uh oh! Only 20 people are buying at that price!

Fuck you, lower your price or keep paying your taxes, housenigger.

Stupid fucking nigger.

if building a house makes you automatically a millionaire billionaire, then wouldnt it be extremely good business to build a house and sell it?

even making a housebuilding business.

Bonus question: what happened in 1971?

wtfhappenedin1971.com/
a lot

mortgage is 3k a month

source: real estate witch

Is that anything like the witch of the crossroads Hecate? Is this witch also a titaness?

I was all hopeful about Covid at first too.
We were promised a 50% kill rate and it didn't even make it to 1% and hilariously, the death rate was higher amongst the vaxxed.
Thanos was right.

I said TWICE I was talking about SFH, you economically and literally illiterate faggot.

Yeah, and I was clarifying that I'm also talking about single family homes because you seemed to think I was bringing apartments into this.

Why are there only 20 people looking for a home? Is perhaps based on the PRICES?

No, that's just the arbitrary number I chose to demonstrate a point. You could make it any number as long as it exceeds the available housing.

So if you add a COST to renting out homes, renting out homes becomes more expensive which reduces the demand for home rentals which changes the value of owning a home for rentals. If you own a home for rental and no one rents it, you are just pissing money away.

Correct, that's the only part of this you understand.

So you sell it. But uh oh! Only 20 people are buying at that price!

Fuck you, lower your price or keep paying your taxes, housenigger.

I feel like I'm trying to explain per capita to a nigger. The issue isn't the price the home sells for. The issue is that for every tenant occupied house that goes for sale, you are adding that tenant to the pool of people who want to buy a house. So regardless of what the price is, you end up with just as many people who can't afford a house.

DEPORT ALL KIKES, NIGGERS, BEANERS AND BUG NIGGERS AND THE PRIBLEM IS SOLVED

a) home prices are coming down and have for 8 straight quarters
b) inventory is piling up hige
c) interest rates are not coming down in the foreseeable future
and most importantly
d) home prices only rise when interest rates are below 1.5% or so. You will not see those kind of rates (federal funds rates) for a decade.

Pic related.

They may be coming down, but they are coming down from such a inflated number that coming down really doesn't offer much relief

As you can pretty clearly see, all price appreciation happens when interest rates ar pushed artificially low. Whenever rates climb, median prices go into the negative. With interest rates at high levels and staying there, there is no reason to think the trend wont continue as it has for decades now.

importing 10s of millions of niggers actually makes housing LESS expensive

love this left-wing meme

2008 didnt happen overnight. People did not lose 100k in an instant, Instead, from 2008 to 2012 their homes lost 10k in value per month as the market declined and rates held. I expect something similar here.

1-2k per month - not 10k. about 20k a year in decline from 2008 to 2012

Housing is a supply and demand issue.

Houses prices is fiat money issues.
You compete ion teh housing market with money printer. Do you think you have enough money to buy this house? Well jokes on you i took larger loan form bank and outbid you ahaha!

LAND VALUE TAX

Land value tax is the least bad tax, but it does not solve housing issues. Without deregulation of zoning, all LVT will do is increase the cost of homeownership.

You arent supposed to buy a house. You are supposed to construct it.
Get to work

in theory. in reality there are new builds sitting empty. my very small town has dozens of houses for sale that no one is interested in but the tax whores keep upping the values. it's the government fucking us on both ends as usual.

Still mentally bucked by "muh illegals!" despite trump deporting them now?

most homes for sale are pieces of shit - old, falling apart.

nobody is building new construction. only new construction matters

people are being squeezed to buy homes in a good school district (no minorities, has good funding) and they are overpaying for the privilege.

homes sell for pennies in bad, ghetto areas

expensive houses are only a problem for the people who haven't yet bought one and a benefit for everyone who have. so the problem can't be solved under the current system because half the population (the more influential half for that matter) is not interested in solving it. i own a dingy little apartment and i am already conflicted on the issue

republicans if they support bitcoin and explore gold windows or long dated gold backed bonds.

The nazi party. This is the result of 25 years of constant economic stimulus via money printing. Few would bother being a landlord if they could buy bonds that actually beat real inflation. This is by design.

The migrants havent all arrived here, the population is falling, new buildings are constantly erected, yet we have the same shit

census.gov/construction/nrc/current/index.html

There are a record number of new homes not selling my man

resiclubanalytics.com/p/housing-market-homebuilders-have-the-most-unsold-completed-inventory-since-2009

Accurate. Also the new builds that are 45 minutes from anything of note and do not have infrastructure to support them are sitting empty.

Any anon reading this - DO NOT buy a new build in an area where they can expand more. Homebuilders are more than happy to sell you a house for $450k and if the market trends hold sell a new one next season for $425k. They only make money selling homes. They sell them in all markets.

A large part of the value of currant homes is investors speculating on the future value. A large LVT will cause an immediate decrease in house prices by making speculation no longer profitable.

Neither
You’ll notice that neither party suggests a ban on private businessses from purchasing single family homes

A valid right wing party would just expropriate homes from Democrats and give them out to its voters, partisans, and soldiers

It will cause an immediate fall of home prices because people will have to factor the LVT into their budget. The purpose of the LVT is to encourage landowners to make their land more productive or sell it to someone who will. But if the land is zoned for single family houses then there's nothing you can do. There really aren't a lot of unoccupied speculative properties.

Keeping the interest rate high, will slow the increase in home prices.