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re: Is the "housing shortage" overblown?

Posted on 5/11/24 at 12:05 pm to
Posted by Limitlesstigers
Lafayette
Member since Nov 2019
2906 posts
Posted on 5/11/24 at 12:05 pm to
quote:

don’t live in Louisiana, but this idea of urban decay is the exact opposite of what’s happened in Tennessee. 20 years ago downtown Nashville was basically half of what it is now. Downtown Knoxville was almost dead. Areas like East Nashville were dangerous and North Knoxville had very few businesses. Now both downtowns are busy and growing. East Nashville and North Knoxville are filled with millennial homeowners, breweries, and good restaurants. Cities here aren’t decaying, they are thriving


It's area by area for sure. Louisiana chased out a lot of its educated Gen X and Millenials for the past two decades. A lot of that inner city urban renewal wasn't a thing here except for maybe a couple of pockets.
Posted by AUFANATL
Member since Dec 2007
3924 posts
Posted on 5/11/24 at 12:19 pm to
quote:

I don’t live in Louisiana, but this idea of urban decay is the exact opposite of what’s happened in Tennessee. 20 years ago downtown Nashville was basically half of what it is now. Downtown Knoxville was almost dead. Areas like East Nashville were dangerous and North Knoxville had very few businesses. Now both downtowns are busy and growing. East Nashville and North Knoxville are filled with millennial homeowners, breweries, and good restaurants. Cities here aren’t decaying, they are thriving


Nashville and East TN are the exception, not the norm. Very high population and economic growth in areas that were ready for it. Of course that has still come at a price - the cost of housing has exploded, traffic has gotten terrible and the crappy public school systems still push people into expensive private schools.

Meanwhile over in Memphis 70% of the city is still a no-go warzone and it's a rat race for decent folks to cram into the remaining 30%. At least Memphis has the less densely populated regions of northern Mississippi right across the border to serve as a pressure release for the Middle Class. Most cities don't have that.
Posted by AGGIES
Member since Jul 2021
5690 posts
Posted on 5/11/24 at 12:20 pm to
quote:

Maybe I don't know because I've owned for a while but is there really that much of a dire situation where we have a massive shortage of homes?


So many homes are being purchased by big capital investment companies that there is a shortage of homes available for purchase.

I don’t like it, because they want to corner the home rental market.
Posted by perch
Member since Jul 2013
201 posts
Posted on 5/11/24 at 12:54 pm to
i work for our school district. i handle residency issues for all our school. my town has 2200 in high school, several elementary schools, 1 middle school. houses are being built like crazy. south of dallas. starter homes are 360 plus. most are just leased out. multiple families at one address. one of our higher achieving elementary schools went to ghetto in 14 months from one subdivision. there is not a shortage around here, only crap built homes that are over priced. culture has creaped in and cannot be stopped. i have removed 171 students from our schools for enrolling with falsified documents so far this school year.
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
12995 posts
Posted on 5/11/24 at 2:13 pm to
What we have a shortage of is persons qualified to have housing
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120386 posts
Posted on 5/11/24 at 2:19 pm to
quote:

There is not really a shortage of housing. There is a shortage of what people consider to be affordable homes in desirable areas.


This

And neighborhoods that were affordable and desirable in 2010 are now shite in a lot of places
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15182 posts
Posted on 5/11/24 at 3:39 pm to
Granted, I move every 2-3 years for work so I’m not desperate to buy, but homes that I would want don’t allow me to have the home and an apartment wherever I’m working. You can’t find a decent home in a decent area for under $500k unless you want to do a whole home renovation
Posted by Swamp Angel
Georgia
Member since Jul 2004
7312 posts
Posted on 5/11/24 at 5:11 pm to
quote:

Atlanta is the same way. Not downtown but the neighborhoods in W.Midtown and the eastern sections of the city(Grant Park, Kirkwood, East Lake, E.Atlanta, Virginia Highland) have exploded the last 15 years and the city has gentrified to the point that it is no longer majority-minority.


If by "majority-minority" you mean more than 50% minority, you are correct, but per neilsberg.com the current demographic breakdown of Atlanta is as follows:

quote:

The percent distribution of Atlanta population by race (across all racial categories recognized by the U.S. Census Bureau): 41.03% are White, 48.19% are Black or African American, 0.29% are American Indian and Alaska Native, 5.01% are Asian, 0.05% are Native Hawaiian and other Pacific Islander, 1.69% are some other race and 3.73% are multiracial.


I'd hardly call that gentrified. Atlanta is still a hell hole. Buckhead is no longer the safe, enjoyable scene it once was and its residents are still trying to find a way to break out of Atlanta and create their own city.

No. Atlanta is nothing like Knoxville or Nashville in regard to making real and meaningful improvements.

Source for demographic stats above: Atlanta, GA Population by Race (Nielsberg.com)

Posted by Dawgfanman
Member since Jun 2015
22517 posts
Posted on 5/11/24 at 5:15 pm to
quote:

Atlanta is the same way. Not downtown but the neighborhoods in W.Midtown and the eastern sections of the city(Grant Park, Kirkwood, East Lake, E.Atlanta, Virginia Highland) have exploded the last 15 years and the city has gentrified to the point that it is no longer majority-minority.


Still can’t send your kids to most of the public schools and not feel you are depriving them of their safety and education. Until that is fixed those places are still shite holes. But the potential is there.
Posted by greygoose
Member since Aug 2013
11468 posts
Posted on 5/11/24 at 7:57 pm to
quote:

There is not really a shortage of housing. There is a shortage of what people consider to be affordable homes in desirable areas
Houses are very affordable in the circle in Montgomery, AL!
Posted by whiskey over ice
Member since Sep 2020
3283 posts
Posted on 5/11/24 at 8:02 pm to
quote:

That and there’s a real lack of legitimate, affordable starter homes in even “decent” areas of a lot of cities. You shouldn’t have to live in the hood just to avoid buying something a solid bedroom and 400 square feet bigger than what you actually need.


They got some 1500 sf DR Horton homes selling around me for $250k
Posted by LemmyLives
Texas
Member since Mar 2019
6544 posts
Posted on 5/11/24 at 8:04 pm to
quote:

not so much in Houston.


It depends on what you call Houston. It's a big arse city, and there are plenty of bartenders that can afford new homes in Cypress, Sealy, etc. If you want to live in east our south side, all you have to do is add burglar bars to the move in cost.
Posted by Violent Hip Swivel
Member since Aug 2023
2655 posts
Posted on 5/11/24 at 9:25 pm to
quote:

I don’t live in Louisiana, but this idea of urban decay is the exact opposite of what’s happened in Tennessee. 20 years ago downtown Nashville was basically half of what it is now. Downtown Knoxville was almost dead. Areas like East Nashville were dangerous and North Knoxville had very few businesses. Now both downtowns are busy and growing. East Nashville and North Knoxville are filled with millennial homeowners, breweries, and good restaurants. Cities here aren’t decaying, they are thriving



80 something percent if not 90 something percent of southern cities and the city center and surrounding areas is night-and-day safer and nicer and more vibrant than it was 30 years ago. Frigging Macon Georgia of all places has loft apartments downtown and overpriced housing. Janky-arse Augusta and Columbus too.

Where this whole "big cities used to be really nice but now they're shite holes" narrative is coming fron is beyond me.

Midtown Atlanta and downtown Atlanta were not places where you wanted to be after dark in the 1980s.
This post was edited on 5/11/24 at 9:31 pm
Posted by Violent Hip Swivel
Member since Aug 2023
2655 posts
Posted on 5/12/24 at 10:58 am to
quote:

I'd hardly call that gentrified. Atlanta is still a hell hole. Buckhead is no longer the safe, enjoyable scene it once was and its residents are still trying to find a way to break out of Atlanta and create their own city.

No. Atlanta is nothing like Knoxville or Nashville in regard to making real and meaningful improvements.

Source for demographic stats above: Atlanta, GA Population by Race (Nielsberg.com)



Atlanta went the first 6 months of 2021 without a white homicide. Any white person who doesn't feel "safe" in Atlanta, minus those trying to do a drug deal in the hood, is a raging pansy and needs their Man Card revoked.
Posted by ronricks
Member since Mar 2021
7103 posts
Posted on 5/12/24 at 11:02 am to
quote:

Atlanta is still a hell hole.




I live in Virginia Highland it’s like Mayberry. Nothing over here but families and restaurants retail that you can walk to.
Posted by GruntbyAssociation
Member since Jul 2013
3798 posts
Posted on 5/12/24 at 11:09 am to
The house I paid $145K for in 2002 in east Plano, TX is now valued at $350K . It’s not bad but there’s no way even with renovations it’s worth that much (to me).
Posted by MSTiger33
Member since Oct 2007
20401 posts
Posted on 5/12/24 at 11:16 am to
There are over 1.5 million homes on the market as of the end of March. I guess that’s a shortage.
Posted by ItNeverRains
37069
Member since Oct 2007
25572 posts
Posted on 5/12/24 at 11:29 am to
Nationally there is absolutely a shortage, however real estate is hyper local so people I. Baton Rouge will disagree with people in Lafayette. Combining that with the fact a 400k house with 20% down is still going to be in the ballpark of 2500/mo after taxes and insurance, it’s making a bad situation worse for 1st time home buyers.
Posted by Asharad
Tiamat
Member since Dec 2010
5718 posts
Posted on 5/12/24 at 11:48 am to
quote:

massive shortage of homes?
We need to stop giving homes to undocumented migrants. Problem solved.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9642 posts
Posted on 5/12/24 at 12:16 pm to
A first time homebuyer in their 20s has no business looking at $400k homes unless they're a high earner.

And I thought everyone works from home, which gives the younger generation the ability to be mobile and seek out less expensive zip codes further from metro areas.

Believe it or not, it's possible to live and be happy without Uber, Starbucks and Door Dash.
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