How to solve the Housing Price Crisis

In many cities right now housing is completely unaffordable, with the mean or median house prices listed in many cities being completely out of reach of what the average citizen could ever hope to afford, and rent prices causing a huge strain on peoples' expenses, being as much as 1/2 to possibly 2/3 of peoples' expenses. How can this problem be solved?

I'd advocate for a multi-pronged solution. Further luxury housing construction of projects such as 432 Park Avenue should be banned until some numerical figure for affordability, such as 75% of the city being able to pay monthly rent with at most 50% of their wages is reached. Until then, cheaper and more generally available vertically constructed housing units should be prioritized for construction. Owners of multiple properties should be encouraged or forced to rent out or use as many of their properties as possible to avoid price-gouging or needless inflation. Cities could also construct public and subsidized vertical housing complexes for the homeless, which all in all would likely save money and improve the cities greatly by removing the homeless off the streets.

What would the optimal solution to this pricing crisis be? Is it even solvable? What do you think?

stop immigration

aren't those called housing projects?

Make a separate city for niggers and illegal immigrants. Then build a wall around that city and call it "Lil' Detriot"

Sounds similar to what LBJ did in the 60's.

>housing construction of projects such as 432 Park Avenue should be banned

>housing is too expensive in cities
>stop building more housing in cities

ok

first post leaf post, but also best post.

Nigger do you know how much 432 Park Avenue costs to live at? I'm saying prioritize housing which normal people can actually afford.

Nothing. If you can't hack it in this world, freeze or live in a tent.

It's not solvable.
Only thing that's going to solve it, is economy taking a shit all across the spectrum and a global recession.
Housing prices are reaching a point of people not being able to afford them all over the Western world.
Here the banks started offering ultra long loans, because people under 35 have practically stopped buying homes.
Rents are high as shit and no one can afford to buy a home.
So people are starting to move out of the cities.
Funnily enough, soon the only ones who are able to afford the rents in cities, are migrants who leech of the gov with their 10 kids.

Manhattan isn't for poor people I think the Bronx is more in your price range

Just before the "collapse of the cities" as it's known.

Well that and have some controls on foreign ownership of property. Canada, Sweden and Burgerclap are top 3 countries now for money laundering through real estate. Half of all condos in the GTA are investments and many are vacant.

Truth be told this game is old. The central bankers lower interest rates and pretend usury doesn't exist for awhile so people borrow way more than they should, real estate is always viewed as safe so that's where money created from nothing pours in. Then rates start to creep back up and the reality of interest kicks in, loans default, mostly mortgages and all the real wealth is concentrated even more.

We are going to pop soon, boomers are running out of cash and need to unload their homes, when that sell starts it will be carnage but who really knows...it usually all ends in a huge war because everyone is butthurt.

Pretty much, they call it 'the business cycle' for a reason, it's a rinse and repeat operation getting a little worse with every iteration.

Any problem with prices for a resource or service that isn't extremely rare are inventively caused by monetary policy.

Fix monetary policy and you fix the housing price problem.

In Canada the housing crisis would be solved overnight by ending immigration and foreign ownership.

Another idea is to design carless cities...Small streets, and big buildings. City squares for commerce. Basically a return to the way cities were designed before cars. Medium density buildings for single, multigenerational families....It would be a huge reform to our current culture. So much money is wasted on big properties, parking lots etc. I really think this is the way to go.

>In many cities
>cities

Found your problem.

And the dipshit boomers and Xers think that we're just lazy and stupid.

I work hard, and I HAVE held my job for five years - I have a nice little plaque to show for it. What I don't have is the ability to live out my meager dream. And I mean meager! Buy a cheap rambler in an "okay enough" neighborhood and maybe afford a decent used car.

Instead, I'm watching housing prices rise, I have to deal with the other people in my life of my own generation who don't want to make the compromises like moving to a rural area and taking a longer commute to get to work, or they don't want old stuff, so millennials shot themselves in the foot too on top of the change of circumstances.

I'm not like most people my age, I'm still driving my first car, I moved out on my own at 18, I've lived in apartments and struggled through years of contract work to now get a permanent position somewhere albeit through another company as a IT support provider. I have saved - I have to blow away my savings every so often to take care of things like medical bills, car repairs, or the occasional issue that comes up - usually due to faulty technology on some other businesses side like how TaxAct screwed me on my income taxes via glitched software....total shit.

Ever known the joy of clearing out your savings to pay the IRS due to a TaxAct glitch?

Ever enjoyed social networking to get your car fixed under cost with the aid of your own two hands so you could pay off $10K of medical debt while your S.O. struggles to find a job that won't use/abuse them and will keep them around for some time rather than make some dumb business mistake that destroys the whole company - you think local is better than corporate, most local businesses are shady as fuck.

>do you know how much 432 Park Avenue costs to live at?

I literally work on the same block as 432 Park and have 2 friends who are agents in the building. I know exactly what it costs to live there.

What you don't understand is that when people move from their slightly lower priced housing into 432 Park Ave, it opens spots for other people looking to move up. There is a chain reaction that goes down to the 'cheapest' housing in NYC, which is never really 'cheap', but it does increase the aggregate inventory of the city.

Right now I'm trying to find a damn house near where I work, everyone says it sucks and now is not the time to buy - but I'm paying $1400 a fucking month on a 2 bedroom one bath apartment that is a mold hole and has shitty neighbors that cause car wrecks in the parking lot and management who does not give a fuck unless their ass is on the line. I'd RATHER be putting that $1400 into a bloody mortgage. I'll tell you something, as much financial finagling as I've had to do over the fucking years to make ends meet, one thing I can hold to, and FOREVER hold to - is I have NEVER ONCE in over 16 years EVER missed a single bloody rent payment! NEVER ONCE! How about your mortgage lenders take a look at THAT. You WILL get your money. Because Priorities. The hardest thing to keep money-wise is a ROOF over your head. Water? There are faucets at work. Food? There are all sorts of degrading or "do what you got to do" situations you can find free food at or earn it from. But shelter.....something has to fucking change.

Right now, I'm here with $0.00 in my savings accouint again - so I have to start over all over again. And I'm sure something else will come and wipe it out before I can get the massive hurdle of owning a home around it.

And you fucking boomers are a part of the problem with your "investment housing". You come here, and buy up all of our basic little homes like the ones I want - little 1 story 1.5 bath 2 bedroom ramblers and so fourth, and then drive the costs up by renovating them and flipping them. Fuck you. Fuck you for creating gated trailer parks for 55+ that I would kill to live in even if I lost value. I never thought I'd see the day a house smaller than my $62,000 childhood home would cost half a million dollars, but it does.

Don't even get me started on yard work - I find zen in it. Probably one reason I'm so angry and using the f-bomb so much here.

Now let's talk work. I'm lucky I found a place as a permanent hire (for the most part), but there are many others who cannot. Business is greedy - and you corporate mainstream loving dumbshits that say "don't blame corporate greed, it's your problem" - well fuck you. Greed IS the problem. Greed is why people are buying cheap houses and flipping them. Greed is why corporate America hires cheap labor for all but the most important tasks and pays them peanuts for something that would have been a living-enough wage 15 years ago at the latest. You can't save when you are struggling to make ends meet, and you can't move up in life if you have nothing to save and everything tops out around $20-ish an hour unless you go back to school, rack up thousands in student debt, and learn an 8 year career that your life may already be half over by the time you get in the field anyway, and you might start out being paid the same as you were doing regular people jobs before.

So yeah, fuck the system, fuck us all, and fuck humanity. It' not like I'm looking to get a mansion, a Mercedes, and start investing in stocks, and traveling the world. I'm looking to move into a cheap, shitty fixer upper, drive what I can afford, and MAYBE I can enjoy being a fucking wageslave.

that looks super comfy.

>In many cities right now housing is completely unaffordable, with the mean or median house prices listed in many cities being completely out of reach of what the average citizen could ever hope to afford, and rent prices causing a huge strain on peoples' expenses, being as much as 1/2 to possibly 2/3 of peoples' expenses. How can this problem be solved?

The same way Japan did it: deregulation.


>I'd advocate for a multi-pronged solution. Further luxury housing construction of projects such as 432 Park Avenue should be banned

Mcfucking kill yourself, socialist faggot.

>Until then, cheaper and more generally available vertically constructed housing units should be prioritized for construction. Owners of multiple properties should be encouraged or forced to rent out or use as many of their properties as possible to avoid price-gouging or needless inflation. Cities could also construct public and subsidized vertical housing complexes for the homeless, which all in all would likely save money and improve the cities greatly by removing the homeless off the streets.

This would just subsidize niggers moving in, you fucking retard.

First post best post.

OP is a socialist faggot.

And yes im upset about this.

Why?

supply and demand, this is why we need more competition in the market. It's so systematic now it's fucking ridiculous. You can find better shit on craigslist then a realtor. Scheevin ass greedy people...

A decrease in population growth is a bad thing, unless a further increase is not feasible. And truly Malthus was wrong and will continue to be wrong for centuries to come. Then there is other planets..
What is really bad is when asset prices are continually pushed up by inflation and easily obtainable loans, so that the money denominated value of WORK itself is continually diminished, and the only truly valuable thing is how much can I ENSLAVE myself to the bank with a huge loan. It REDUCES the Incentive to work.

>monthly rent
>50% of your wage


So your goal is for nobody to ever be able to actually own a home?

kys

the houses around my area use to cost around 200k around 10 years ago, they've wen't up to 400k minimum for a shitty 2 bed and a small front yard

We went from a glut of living space, cheap, to unaffordable apartments. Olympia prices have doubled in four years...

>thread about housing affordability
>made by stinky yanks
you cunts have obviously never been to australia i hate you all

nvm just checked again, it's 500k minimum now kek

1) kill all landlords
2) no more purchases of property by foreign billionaires hoping to launder their money
3) change zoning laws

Solved!

Hey dipshit, how about you consider living in an area where the median cost of an entry-level home isn't $300,000 and shithole 2 bedroom apartments don't cost $1400/month.

They charge that much because rubes like you are willing to pay for it. If nobody was willing to pay those rates prices would come down. But this is near trendy metropolitan area so prices are high.

But you don't HAVE to live there. You don't HAVE only that market to choose from. You have the entire world.

You can, for example, buy 5 acres in Wyoming, drill a well, and plop a double-wide on it.

Don't blame the system for having natural limits on what people can and cannot acquire. Shit is worth what people are willing to pay and other people will always be able to afford more shit than you. Deal.

(((their))) greed is really getting out of control desu

>move to bumfuck nowhere for >$800 monthly rent
>become homeless because there are no jobs in bumfuck nowhere

Prefuckingcisely! That's why I GTFO the suburb I lived in and joined the military. My house is paid for and I can shoot from my back porch.

>yanks unironically posting about housing affordability
>not australia
you need to all die

Then who will bring in the money you need for taxes to provide for lowlife niggers?

Move to a place with jobs. Why should the government subsidize your living expenses just because you chose to live in the city. If the government would get out of the way, this wouldn't be a problem. Subsidies end, poor people move to places they can afford, employers move to those places or raise wages because they can't find workers at the previous wage, profit!

There is plenty of jobs. Don't be useless fuck and work finds you. You may have heard of this stuff called oil. Turns out working in producing, transporting, and refining it pays really well.

white people can no longer afford to buy a house in white neighborhoods in most major american cities

good job capitalism!

Same shit different party.

Australia is fucking huge. You can find a little plot of land to put a house on if you wanted. But you don't want to. You want to live near a major metropolitan area.

Well guess what shitdick, it doesn't work that way. Big city living is expensive and if you cannot afford the expense the market is giving you a subtle message. IT DOESN'T WANT YOU THERE.

FUCKING YEAH BOI

That shit was tried in the 60s and got us where we are today you commie. The answer is to get the government out of the economy and let the free market do what the free market does best, maximizing efficiency. Sure, things will be bad in the short term, but as money is saved and invested the situation will improve.

u are delusional. its the free market that has allowed rich speculators flipping houses to price average people out of the market

If the free market was unleashed we'd go from paying $1500 for a studio apartment to paying $2500 for a literal cuckshed

While I agree with all the immigration stuff raising house prices and the chinese and whatnot. I live in a town with ~20k population a few hours north of Toronto. ~50% of the population is over the age of 50 and there are maybe 10 LARGE seniors homes . There are no jobs and the average house price is ~350k. It's basically impossible to stay in this town unless you live with your parents, you rent out a shitty downtown apartment littered with crack heads or you are coming back to retire. It's also about 95% white. Old people fucking suck and their 60 year old children fucking suck and they put them in homes and sell their dilapidated houses at eye gouging prices.

Who do you think buys those flipped houses?

Loosening up the regs would allow cheaper and easier new construction. Reducing costs. Then the people who would have bought a flipped house could buy new. The bottom then falls out of the flipping market. And you get your reasonably priced fixer-upper starter home.

That's pressure from the GTA. I'm guessing you're in huntsville which is in muskoka area and GTA fags have infected the whole area.