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re: The Atlantic: the great affordability crisis breaking America

Posted on 2/10/20 at 12:18 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
63593 posts
Posted on 2/10/20 at 12:18 pm to
quote:

How is this a national crisis if the problem is in about 10 major cities?
Exactly. Tons affordable places, but leftists don’t want to lived with the unwashed.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
31507 posts
Posted on 2/10/20 at 12:18 pm to
quote:

To where there is no opportunity for your skills?



Learn to code. My nephew traveled the world for 3 years and worked where ever he happened to be at the time.
Posted by dewster
Chicago
Member since Aug 2006
26617 posts
Posted on 2/10/20 at 12:23 pm to
quote:

You want to make central living cheaper? Build vertically


The Bay Area has some hard core NIMBYs. They like their super wealthy, elite progressive communities and don’t want it disturbed by the hoards of tech-focused outsiders.

Not sure about the Boston area. But extremely long commutes and insane housing prices are the norm in the Bay Area.
Posted by Flats
Member since Jul 2019
28292 posts
Posted on 2/10/20 at 12:28 pm to
quote:

It is easy to ignore things until they affect you personally, right?



What’s easy is recognizing that expensive housing in 10 metro areas is not a national crisis.
Posted by dewster
Chicago
Member since Aug 2006
26617 posts
Posted on 2/10/20 at 12:31 pm to
quote:

Exactly. Tons affordable places, but leftists don’t want to lived with the unwashed.




The hard core NIMBY attitude towards any project that increases the housing supply or density in these hyper-progressive areas always struck me as incredibly hypocritical.

Those areas have a giant border wall around them called "costs of living". Yet they call everyone else racist for demanding a secure border.
Posted by NYNolaguy1
Member since May 2011
21764 posts
Posted on 2/10/20 at 12:32 pm to
quote:

What’s easy is recognizing that expensive housing in 10 metro areas is not a national crisis.


I am sure you thought the same thing about subprime lending and house foreclsures on the opposite end of the country.
Posted by teke184
Zachary, LA
Member since Jan 2007
104547 posts
Posted on 2/10/20 at 12:32 pm to
My guess on Boston is a mix of things including infrastructure, density, and NIMBYism.


Boston traffic is some of the worst in the world. It is very densely packed in a lot of areas to where there isn’t a lot of new housing that could go in without taking out old housing, and there is a LOT of old money in the city because it was the home of the money during the American Revolution.

Outlying areas are an option there but the commute is a bitch.
Posted by ljhog
Lake Jackson, Tx.
Member since Apr 2009
20628 posts
Posted on 2/10/20 at 12:33 pm to
quote:

Maybe ask yourself what % of the population lives in these 10 cities?

Approximately 8%. And let's face it. People like Nancy Pelosi want housing in their neighborhoods/cities to be expensive so the undesirables are kept far away.
Posted by teke184
Zachary, LA
Member since Jan 2007
104547 posts
Posted on 2/10/20 at 12:34 pm to
Considering the homelessness issue in SF, it shouldn’t be hard to send them all out to her district in Marin County.
Posted by dewster
Chicago
Member since Aug 2006
26617 posts
Posted on 2/10/20 at 12:34 pm to
quote:

People like Nancy Pelosi want housing in their neighborhoods/cities to be expensive so the undesirables are kept far away.




Bingo.

Pelosi's neighborhood is actually on a private street. You can't even park on it without a permit.
Posted by dewster
Chicago
Member since Aug 2006
26617 posts
Posted on 2/10/20 at 12:38 pm to
quote:

Boston traffic is some of the worst in the world. It is very densely packed in a lot of areas to where there isn’t a lot of new housing that could go in without taking out old housing, and there is a LOT of old money in the city because it was the home of the money during the American Revolution.

Outlying areas are an option there but the commute is a bitch.



Terrain could be an issue too with Boston. Don't they have some serious commuter rail systems there like Chicago does?

ETA: Just looked. They have one, but not as extensive as Chicago. Their highway network is no match for the bigger Texas cities too.
This post was edited on 2/10/20 at 12:53 pm
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
81436 posts
Posted on 2/10/20 at 12:38 pm to
quote:


I thought I remembered reading that in San Fran and Austin there are severe restrictions against high rise living spaces, artificially restricting the number of people that can live in a given square footage.


Very true.

Another problem in major cities is central locations have extremely high commercial value which bids up the price of already scarce land.

Posted by Oilfieldbiology
Member since Nov 2016
42438 posts
Posted on 2/10/20 at 12:42 pm to
quote:

What do the politics ... have to do with this?


A lot

quote:

What do the ... tax structure have to do with this?


Very little
Posted by Oilfieldbiology
Member since Nov 2016
42438 posts
Posted on 2/10/20 at 12:46 pm to
quote:

But am I wrong to suspect that absent all government intervention, these places would be populated virtually entirely by upper class people?


Yes. Without restrictions, developers and builders could build what demand called for. Less expensive high rise apartments.

quote:

It makes the shortage worse and the quality of housing worse. But does it make housing less affordable?


Yes. By making shortages worse it makes existing prices higher.
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
21778 posts
Posted on 2/10/20 at 12:49 pm to
Don't live in Metro Cities.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
55025 posts
Posted on 2/10/20 at 12:50 pm to
Is that really a problem? Higher home prices keep crime out of the cities
Posted by Flats
Member since Jul 2019
28292 posts
Posted on 2/10/20 at 12:51 pm to
quote:


I am sure you thought the same thing about subprime lending and house foreclsures on the opposite end of the country.


Yeah, because that only happened in 10 cities. The situations are virtually identical.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/10/20 at 1:15 pm to
quote:

But am I wrong to suspect that absent all government intervention, these places would be populated virtually entirely by upper class people?

Well, I'm not a fan of vague terms like "upper class" but sure, it would skew upwards. Alas, absent the piling on by govt, at least the bottom rung would be lower.

And, that would work it's way outward. Think in concentric circles. Right now, if you want to work in these places but can't afford to live there, you commute. Alas, govt is piling on THERE too!

So, at each circle, your bottom rung would be lower. Hence, reducing the distances involved required to afford working somewhere.

quote:

It makes the shortage worse and the quality of housing worse. But does it make housing less affordable?
Of course. I mean, I know you're not an econ guy, but think it thru. Rent controls kill the desire of developers to add capacity. Would you add capacity if YOU were a developer in that environment?

quote:

If the problem is affordability, and it is, and the discussion is revolving around taxes, that seems like missing the point.
Well yeah. It's more than taxes.

The POINT is, if a place is going to trend more $$, having the govt do shite that inevitably drives costs up even more is idiotic. And yet, in every one of these places, govt is doing just that.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/10/20 at 1:17 pm to
quote:

High demand for a limited supply of real estate.
And govt contributes MIGHTILY to the latter
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 2/10/20 at 1:20 pm to
quote:

And govt contributes MIGHTILY to the latter



Not as much as geography does. Each are limited by water as to how much they can grow spatially.
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