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Is the "housing shortage" overblown?
Posted on 5/11/24 at 9:10 am
Posted on 5/11/24 at 9:10 am
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?
Posted on 5/11/24 at 9:19 am to StayStrapped
There is not really a shortage of housing. There is a shortage of what people consider to be affordable homes in desirable areas.
Posted on 5/11/24 at 9:34 am to notiger1997
Crime/ decaying cities take huge anm off inventory off the market. Revitalizing cities- having sensible public policy- ie not allowing Democrats to run cities into the ground - would result in a massive amounts of real estate being available. But if we just have de facto no go zones for law abiding family types, and we keep moving further and further out of cities- we will have to rely on the creation of new construction inventory .
Posted on 5/11/24 at 9:35 am to notiger1997
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
Posted on 5/11/24 at 9:38 am to notiger1997
quote:
There is not really a shortage of housing. There is a shortage of what people consider to be affordable homes in desirable areas.
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.
This post was edited on 5/11/24 at 9:41 am
Posted on 5/11/24 at 9:42 am to Lsupimp
quote:
Crime/ decaying cities take huge anm off inventory off the market. Revitalizing cities- having sensible public policy- ie not allowing Democrats to run cities into the ground - would result in a massive amounts of real estate being available. But if we just have de facto no go zones for law abiding family types, and we keep moving further and further out of cities- we will have to rely on the creation of new construction inventory .
Yep. You can hyper localize this and take this right to LSU. Cheap and convenient student housing right off campus and in Tigerland is all now basically off market to students, so these big mega student “luxury” apartment complexes were built farther off campus and cost more. And they have to keep building them to meet student housing demand.
Ghetto shitholes have such big ramifications long term for cities because they are full of perfect older, cheap starter apartments homes that single people or new families would buy, but can’t do so because they aren’t safe. So now they have to pay more to live in more inconvenient locations. It’s sad reality if current America
Posted on 5/11/24 at 10:16 am to BluegrassBelle
quote:
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.
Absolutely true…unfortunately, neighborhoods like you describe quickly go to shite. Most people don’t like to hear it, but the key is to have a strong homeowner’s association.
Posted on 5/11/24 at 10:17 am to notiger1997
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 false. Google US home supply graphs. It is down by 75% from a few years ago.
This post was edited on 5/11/24 at 10:18 am
Posted on 5/11/24 at 10:41 am to Lsupimp
quote:
Crime/ decaying cities take huge anm off inventory off the market. Revitalizing cities- having sensible public policy- ie not allowing Democrats to run cities into the ground - would result in a massive amounts of real estate being available. But if we just have de facto no go zones for law abiding family types, and we keep moving further and further out of cities- we will have to rely on the creation of new construction inventory .
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
Posted on 5/11/24 at 10:45 am to StayStrapped
More of an out of control inflation and mortgage rate problem than a housing shortage
Posted on 5/11/24 at 10:46 am to StayStrapped
There's a massive shortage of affordable homes in low crime/safe areas.
Posted on 5/11/24 at 10:47 am to BluegrassBelle
quote:
You shouldn’t have to live in the hood
the hood seems to be common denominator of a lot of problems in western culture.
Posted on 5/11/24 at 10:50 am to StayStrapped
They are all bunkkkkked up in Florida living the dream here from what I can tell. The market for the backyard whack-off/call-of-duty shed for the ne’er-do-well long-term houseguest must be booming.
This post was edited on 5/11/24 at 12:49 pm
Posted on 5/11/24 at 10:53 am to StayStrapped
quote:
Is the "housing shortage" overblown?
Yes.
There’s more than enough housing for renters.
Posted on 5/11/24 at 11:07 am to BluegrassBelle
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.
There will never be a resurgence of the old affordable neighborhoods with houses close to the city. Segregation of schools allowed for this. White folks simply just dont want to send their kids to schools where they are in constant fear and wont learn anything
Posted on 5/11/24 at 11:12 am to scottydoesntknow
quote:
There will never be a resurgence of the old affordable neighborhoods with houses close to the city. Segregation of schools allowed for this. White folks simply just dont want to send their kids to schools where they are in constant fear and wont learn anything
not wrong.
once my kids hit elementary age we plan on selling our current home which is a convenient commute to chase school zones. the safer, cleaner, and higher the school district will be our priority. which means moving further and further from inner city Houston.
Posted on 5/11/24 at 11:19 am to VOLhalla
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
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.
Posted on 5/11/24 at 11:54 am to StayStrapped
quote:
the "housing shortage" overblown?
Yes. I live in a really nice neighborhood. Less than 5 yrs old and 10% of the house are for sale.
Posted on 5/11/24 at 11:56 am to Spankum
quote:
Absolutely true…unfortunately, neighborhoods like you describe quickly go to shite. Most people don’t like to hear it, but the key is to have a strong homeowner’s association.
Redlining was a thing for a reason.
Posted on 5/11/24 at 12:00 pm to StayStrapped
There's a shortage of housing in places that have jobs.
It was easy for me to find an affordable house in Opelousas, not so much in Houston.
It was easy for me to find an affordable house in Opelousas, not so much in Houston.
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