shortage of affordable housing for young adults

Discussion in 'Economics & Trade' started by kazenatsu, Jun 22, 2017.

  1. Ndividual

    Ndividual Well-Known Member

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    That would include the first to arrive.
     
  2. OldManOnFire

    OldManOnFire Well-Known Member

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  3. Ndividual

    Ndividual Well-Known Member

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    No exceptions now? Then I agree.
     
  4. james M

    james M Banned

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    means nothing of course people all over the world are having trouble buying all sorts of things. If you want all people to be richer so they can buy more then all people have to be more productive. Libcommie govt must not tax productivity if you want to encourage productivity. Make sense?
     
  5. OldManOnFire

    OldManOnFire Well-Known Member

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    You're just being anal...it is quite acceptable that Native American Indians inhabited parts of the USA, being the first, no matter that they migrated from Siberia. But Native American Indians today are generally considered indigenous to the USA, and in this regard, all who followed are 'immigrants' which was the root of my original statement. Of course if you wish to go back to the time when no humans inhabited US territory then the first to arrive in US territory were immigrants as well...
     
  6. Ndividual

    Ndividual Well-Known Member

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    In your own words, "Why not be more accurate in your statements?"
    Of the hundreds of Indian tribes we have no knowledge of which was the first to arrive on the continent, and just like them European immigrants came to the continent but unlike them set up more permanent settlements on land which previously had no title.
    Until we became a nation there were no immigration laws, simply the Naturalization Act of 1790, followed much later by the Immigration Act of 1882 from which more strict regulations followed.
    But the topic is about affordable housing for young adults, not who were the first to immigrate to what is now known as the United States of America, although all our existing laws are pertinent to any discussion as they might relate to the topic.
    The Snyder Act of 1924 granted citizenship to all indigenous people, the Indians.
     
  7. james M

    james M Banned

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    absolutely inane absurd topic given that billions all over the world find many things unaffordable. People get paid more and can afford more when they are more productive. New inventions make young adults and all workers more productive workers. A modern farm plow versus an ox and wood plow for example. To encourage the supply of new inventions we need tax cuts or Republican supply side economics. Do you understand?
     
  8. Ndividual

    Ndividual Well-Known Member

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    Do YOU understand?
    Inflation is making it more difficult for our young to begin a life on their own.
     
  9. james M

    james M Banned

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    inflation is not our subject and it does not effect young people more than old people or housing more than tea. Further, inflation raises prices and wages so does not make it more difficult for the young to begin life or for the old to retire. You have no idea what your subject is or what you are talking about.
     
  10. Ndividual

    Ndividual Well-Known Member

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    I'll take your response as a 'NO' answer to my question.
     
  11. james M

    james M Banned

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    what was your question?
     
  12. OldManOnFire

    OldManOnFire Well-Known Member

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    Yes...'more' accurate.

    IMO affordable housing is a pipe dream because 'affordable' is subjective and relative to the individual seeking housing. In SF for example you have hourly workers earning from $10/hour to $100+/hour and both groups are looking for 'affordable' housing...
     
  13. Ndividual

    Ndividual Well-Known Member

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    As the threads title refers to "young people" and the OP refers to those just starting out, I believe it subjectively is meant to be relative to the lower/lowest income group of people who would likely be looking to spend $450 or less per month on housing, which would be houses selling for around $90,000 or less. While they do exist, probably mostly outside of California.
    The latter group, earning $100+ an hour are probably capable of easily finding housing they can afford, and are more attentive to what they are getting for their money.
     
    Last edited: Aug 14, 2017
  14. james M

    james M Banned

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    how can you have a shortage in a free market when supply equals demand?
     
  15. Old Man Fred

    Old Man Fred Well-Known Member

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    You only lose your equity if you sell at a loss. My parents lost no equity because they owned their home and didn't sell it, and if you are utilizing your home's equity you should make damn sure that you have enough in cash reserves to cover the unexpected.
     
    crank likes this.
  16. Old Man Fred

    Old Man Fred Well-Known Member

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    Housing is inelastic, particularly where demand is strongest. In denser urban and suburban areas it takes years to add new stock in significant quantities.
     
  17. james M

    james M Banned

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    so?? you still have equilibrium not a shortage, whatever that is.
    consumers can always say there is a shortage of things they cant afford. As far as I"m concerned at house there is a shortage of Porsches.
     
    Last edited: Aug 14, 2017
  18. Old Man Fred

    Old Man Fred Well-Known Member

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    The difference is that if demand increases for cars it's not hard to meet it. When it comes to housing the demand comes first, followed years after by supply.
     
  19. crank

    crank Well-Known Member

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    In some big cities (in places like Australia, New Zealand, Singapore, perhaps the UK), there is a massive surplus of new apartments, empty. Far far more have been built than is needed. The rents on these are expensive (as inner cities always are), but the price is not relevant when supply/demand is the question.
     
  20. crank

    crank Well-Known Member

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    double
     
    Last edited: Aug 14, 2017
  21. crank

    crank Well-Known Member

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    If the cost of housing exceeds the income level you've chosen for yourself, you need to change your income level .. obviously. Demanding the world adapt to your personal comfort level is absurd.
     
  22. james M

    james M Banned

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    not really. if demand is greater than supply price moves up and you have equilibrium again, not a shortage. Besides, if people cant get housing employers cant get workers so employers move away and prices come down until you have equilibrium again.
     
  23. OldManOnFire

    OldManOnFire Well-Known Member

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    Affordable housing, no matter what the OP says, is an issue for all ages.

    There is no such thing, and never will be, of $450/month housing like in San Francisco.

    Those earning $150K-$200K/year also have trouble finding affordable housing. Rents are $3000-$5000/month and home prices are $1 million plus...
     
  24. OldManOnFire

    OldManOnFire Well-Known Member

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    If supply equaled demand this thread would not exist...
     
  25. james M

    james M Banned

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    why not????????????
     

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