re: Trump wants to cut regulations on home builders to cut costs

Georgia is requiring a license for each division of a building project. Every thing related to or other wise.

Less regulations is ALWAYS better.

it would take a little time for things to normalize. it sucks for first time buyers who would go underwater but it is what it is. Home will still appreciate.

Sucks for EVERYONE the way it is now.

In other news Kamala announces cuts in regulations on home builders to cut costs

Simple! Build baby BUILD.

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• Trump pledges to open up large portions of federal land for large scale housing construction
—— these homes will be ultra low taxed and ultra low regulated

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With flying cars too?

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If new houses come on the market for 30-40% less money, then existing home prices will go down correct?

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No. Home buyers shop in a price range based on what they can afford. If new home prices come down, buyers will stay in their budgets and buy bigger homes or in better area.

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Yeah, I'm sort of curious as to what federal regulations, specifically that could result in a 30% decrease in building costs???

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I can't give you the actual FAR regulations but I would look here:
Drill ,make fuel cheap > every item on a jobsite has several stops to make before you put it into your home, from the aggregate in the concrete to the light fixtures in the attic.
Drill, make petroleum cheap > how many items in a house are a petroleum derivative? Carpets, vinyl, pvc pipe and conduits, shingles
Drill, make LNG energy cheap > effects the price of every item that goes into your home that is manufactured in the US.
Scrap green regulations > effects the cost of systems that use expensive refrigerants that just don't cool like old school systems do.
Scrap more green regulations > appliance manufactures gearing up to redesign and retool assembly lines so your dishwasher only uses a pint of water to clean dishes.
Scrape more green regulations > make the harvesting of standing timber more profitable than selling the land into a mitigation trust for perpetuity
Modify EPA regulations > make American resins great again. Resins are a Chinese product and the supply and demand effects plywood, OSB, melamine, laminate, acrylics and urethane pricing.
Modify more EPA regulations > make American mining & smelting great again > reinforcing steel, aluminum for window and HVAC ductwork, copper for wiring. Can we make it cheaper, even if we have a higher labor rate, than shipping it in from overseas?

It currently costs more to build than to buy


A lot more

The markets going to collapse soon anyway.

Why are there federal regulations for houses? That should be a state issue. I fully support abandoning federal regulations here.

I like Trump's thinking, but it won't make that big of a dent. States will still have regulations and most will just adopt whatever standards are in place, so the costs won't be affected much. In many areas I doubt we'll see a noticeable change.

We need to increase supply. This is how prices come down. Tax the holy hell out of rental income on properties owned by private equity groups (do not tax rental income on properties held by individuals). PE firms are buying massive tracts of housing and making entire neighborhoods rentals. Just apartments with yards. Tax the fricking hell out of this. This type of tax scheme can work with income or consumption taxes. Likewise, reduce the tax burden when a property is sold. This latter part will only work for income tax, which I'd get rid of, but it's still useful in the short term while that transition is being made. (For those that think taxes won't work due to Congress, that is addressed below.)

This will make it so these massive groups that hold thousands and thousands of mortgages will have to turn around and sell them. Supply goes up, prices come down. Their alternative is to have empty rentals and zero income and default on those mortgages.

There are some other things that can help, but the big thing is to pull the levers that increase supply and the biggest factor there is the large amount of homes that are used for rentals by PE groups. This is the most impactful and fastest way to bring prices down. Another thing you can do is stop federally backed student loans, which are unrestricted funds for universities that ends up making the size of administrations blow up as well as enrollment. Stop those loans and the explosion in cost of housing in university cities will come crashing down. Same for apartment rentals in these cities.

Part of this is from the marriage between Big Gov and Big Money. They throw trillions into the Fed, the Fed gives it to banks for their reserves and they use reserves to purchase assets or make loans and big PE firms take this cash and buy up all the houses and invest in new developments. More loans means more money in the economy. You get inflation. But the homes purchased were bought when the prices were lower, so the banks and PE firms make huge profits while people can barely afford to live under a roof. They have rigged the system. Un-rig the system by forcing a huge sell of properties. Make them sell and profit now, or be faced with the inability to rent and default their mortgages at which point the government could buy them all at a massive discount, then sell them for cheap.

A side effect of this will be a slow down in new house construction because people will be buying these houses newly on the market. So if you want to build a home, you'll get better prices there as well. Once the shock to the system is over, things will reach a new equilibrium and you maintain the taxes on rentals for PE firms and make home OWNERSHIP a thing again, rather than home rental.

This relationship between Big Gov and Big Money is so distorted that as a last resort, since they have been rigging the game, the govt can use eminent domain to take the houses from PE firms, then make them fight for years in court to get a price they want, arguing that their unfair practices artificially inflated the prices to begin with - when they are faced with that prospect, I think they're going to sell pretty fast. And with a strong case of rigging the market you can threaten them with asset forfeiture and that will make things move at a fast clip.

There are ways to fix this pretty quickly but you must put a foot and the ground and tell Big Money to get fricked.

These people believe everything that he tells them. Don’t try to go against what he says.