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re: Can cities ever actually fix their housing shortage?
Posted on 5/10/24 at 5:59 pm to DeathValley85
Posted on 5/10/24 at 5:59 pm to DeathValley85
quote:
Why are the uninformed typically the loudest and most opinionated?
From The US Government Accountability Office:
quote:
High interest rates and low inventory are contributing to this issue, as is the growing number of millennials, who are looking for larger homes to raise families.
For low-income Americans, the hunt for affordable housing can be especially tough.
This is exactly what I said. There are homes out there to buy. They’re are apartments out there for people to live in. The problem is people don’t want to live within their means and think they should alway live in the best area, the best neighborhood, the best complex, etc.
A starter home is fine for someone 25-30. You can raise a family in a house under 2000 square feet. People who want a larger house based on want and not actual need are factored into the housing crisis simply because they just want a bigger home.
Low income people don’t make enough to own a home. That’s not something to be ashamed of, it’s just a fact of life. These people are factored into the housing crisis because they want a home. But just because they “want” a home it still doesn’t make financial sense for them to buy no matter what inventory is out there.
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