shortage of affordable housing for young adults

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

  1. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    I'd like to talk to you about an important issue. Because of all the population growth that's been happening in some areas of the country, young adults are having trouble being able to rent their own place. Basically they are being squeezed out, there's a large number of individuals looking for a limited supply of affordable housing.

    Typically younger adults have less money. They are just starting out and don't really have a sturdy foot in the job market yet. They have limited experience and, yes, they are oftentimes less mature, so many employers are less likely to hire them. So if young adults are to try to go off on their own and move away from their parents, they need an availability of cheap housing. Traditionally they might rent out worn out falling apart old houses. These houses aren't in the best condition so the owners aren't so concerned about crazy young tenants wrecking it. And if they didn't rent out these dilapidated homes out the structures would have just sat there vacant. Where there's a glut of abandoned older homes in the area, there's sure to be cheap housing for those on small budgets.

    Well this is no longer the case. In places where the population keeps increasing, you're not going to find these extra old homes nobody wants anymore. When new buildings have to be constructed to accommodate the increasing demand, that raises prices for everybody in the local market, even for the old homes. New homes cost money to build, it's much cheaper for everyone if there's already a lot of older homes already constructed.

    You can't have a huge surge in population increase without that creating consequences for everyone else, and often times young adults, the people just entering the world who don't have a house or sturdy job, are the most vulnerable.
     
    Last edited: Jun 22, 2017
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  2. james M

    james M Banned

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    This is because of years of 1-2% growth. We must switch to capitalism for 4-5% growth and for kids to get 4-5 job offers coming out of school
     
  3. Deckel

    Deckel Well-Known Member Past Donor

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    Live with mom and dad, move somewhere else, or pay your rent FIRST instead of last when you get a paycheck. I don't discount what you are saying, but young adults do not make the most rational financial choices in the world, especially after spending years in college where they just had to spend a few minutes a year and get loans to pay all their expenses that now have to be paid back.
     
  4. james M

    james M Banned

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    they need more money which they would have if we switched to a Republican capitalist economy. Democrats are anti business so anti economic growth.
     
  5. Ndividual

    Ndividual Well-Known Member

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    Inflation has consequences.
    The money supply increases and devalues the money. As a result costs increase.
    The population increases and while the consumption demand increases the demand for employees is easily satisfied leaving a growing number unable to find employment.
    Government attempts to solve the problem by raising the minimum wage which leaves employers to find ways of reducing their operating costs by reducing the need of employees.
    Government assumes responsibility for those unable to support themselves by raising taxes on those who are employed and earning above a government determined needed amount.
    High income earners then look for ways to avoid oppressive taxation, and businesses move to where they can contain their costs and remain competitive.
    The result being those with wealth retain and/or grow their wealth and stagnation occurs for the majority of those trying to acquire enough wealth to not become dependent on government, while an even greater number give up and accept being a dependent of government for their continued survival increasing their demands on government to be made more equal to those who continue to struggle trying to remain independent and responsible for their own lives.
     
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  6. Strasser

    Strasser Banned

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    Just another inevitable result of mindless immigration policies and expanding the population far beyond what the domestic economy can absorb and sustain. This has always been the case with mass immigration waves, despite all the rosy fantasy stories about the U.S. being 'a nation of immigrants', as if opposing mindless mass immigration is somehow 'bad' or something. It was the restriction of immigration from 1920 to 1965 that allowed a large middle class worthy of the term to rise after WW II, but let's not allow reality to creep into and explode any cherished myths of both the right and left wingnut fictions about our history.
     
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  7. jmblt2000

    jmblt2000 Well-Known Member

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    It's time young people are taught that the military is a good way to go for the first four years after high school.
    1) the military provides free room and board
    2) they will learn discipline and a trade
    3) the GI Bill will help pay for colege after they get out, loans not needed.
    4) get stationed in foreign countries and learn what the rest of the world is really like.
    5) an Honorable Discharge means a lot more to an employer than most degrees
    6) just because you join the military doesn't mean you will see combat, 60 percent of the military is not combat oriented.
     
  8. james M

    james M Banned

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    wrong, costs don't increase since wages and prices go up when you have inflation. if just prices went up you would be correct
     
  9. james M

    james M Banned

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    wrong, if this was true the USA and China would not have full employment
     
  10. Ndividual

    Ndividual Well-Known Member

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    Are you claiming the U.S.A. has full employment?
    China, on the other hand, as a result of where I live may make a claim of having full employment as the government does not have all the welfare programs the U.S.A. has making it more essential for people to find a means of providing their needs.
     
  11. james M

    james M Banned

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    yes 96% is full employment and that is after new tech as been obsoleting jobs for 200 years!!
     
  12. crank

    crank Well-Known Member

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    It's not a problem if young people actually adapt to these changes. If they insist on pretending it's still 1995, or even 2005 - then sure, they're going to have problems.

    Since times have changed, kids need to stay at home long enough to accrue sufficient funds to buy property. If that means til age 28, so be it. Our kids should not have to rent.
     
  13. james M

    james M Banned

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    unemployment exists only when you are looking for work not when you are on welfare
     
  14. james M

    james M Banned

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    BS!!! renting is fine. IF RE crashes you don't lose your life saving, you don't become a slave to your house, and you don't waste a fortune improving it
     
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  15. Ndividual

    Ndividual Well-Known Member

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    Then the solution is to put the remaining 4% who are unemployed, referring to your post #11, on welfare and problem is solved.
     
  16. Deckel

    Deckel Well-Known Member Past Donor

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    They just need to get a room mate like people have been doing for eons to share the cost of rent.
     
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  17. Ndividual

    Ndividual Well-Known Member

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    I've done that in the past, when earning $37 a week, and have car pooled too.
    Could apply that to welfare housing and other social spending programs too.
    Collectivize collectivists.
     
  18. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Yes, well... Getting a roommate isn't always as easy as it sounds. It can take a lot of screenings and appointments to find the right roommate, unless you already know a close friend who's in the same situation as you and looking for a place. And you do want to find the right roommate, because the wrong one could turn out to be a miserable person to live with, and end up creating a lot of extra work for you, or trouble. There's so many things that could go wrong, especially when you're talking about the crowd of young people that doesn't have enough money to rent their own place. I've heard many stories about young people who were evicted and had their rental history ruined, all because the roommate they were living with stopped paying rent. When you're forced to sign a six month rental agreement, you better have all that money saved up in case your roommate decides to flake out on you. Taking in some roommate you don't know anything about can turn out to be a mess. Finding a new roommate who is going to work out, that can take 2 to 4 months, countless phone calls, setting up many interviews, many hours of your time. Meanwhile you could find yourself stuck paying the full rent during that time, which you may not be able to afford to do.

    In my opinion, if there is absolutely no way you can afford renting a place by yourself, you probably cannot really afford sharing a place with a roommate either. Unless you are living with a significant other who also has a dependable job.
     
  19. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    And it's not entirely all just an issue of money. Because of the shortage of housing, especially on the more affordable end, landlords and rental management companies are becoming extremely picky who they accept and have a lengthy list of requirements that can disqualify potential applicants. The slightest thing in their rental history or criminal history could disqualify them. For example, an apartment says you owe them money and you don't. Well guess what, you don't pay then your rental history is ruined. Good luck finding another apartment that will accept you. When I was searching for roommates I found one person who seemed like a good fit, but then the leasing office refused to approve him moving in all because he had a criminal trespass conviction from five years ago for refusing to leave a restaurant when he was told to do so after throwing a temper tantrum (his $250 iPhone was stolen).
     
    Last edited: Jun 30, 2017
  20. Deckel

    Deckel Well-Known Member Past Donor

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    Sounds like you are making excuses to me.
     
  21. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    I'm just letting everyone know, renting a room, having roommates, is not as simple as it appears on the surface. You take someone who could theoretically afford just enough rent to share an apartment with a roommate, well they may still not be able to make the situation work out, or be able to even get the apartment. Just because you can afford $400 a month and there's a space available to rent for $400 a month doesn't mean problem solved.

    Life most often doesn't work out perfectly, and in reality a renter needs to be able to afford substantially more than the upfront sticker price of the rent or there's a very high chance it will turn out to be an untenable situation. Many young renters are living on the edge financially, and often have to fall back on their parents when their rental situation falls apart.
     
    Last edited: Jun 30, 2017
  22. FreshAir

    FreshAir Well-Known Member Past Donor

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    agree, corporatism is harming this country as corporations switch to outsourcing or automation to replace the American workers
     
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    republicans are anti-worker though, they want to do away with min wage, ect....
     
  24. jmblt2000

    jmblt2000 Well-Known Member

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    Minimum wage is BS, if a company can't afford to pay a government mandated wage for a certain position...they will replace that person with a machine or close their doors.

    Obama mandated that 32 hours is considered full time and benefits must be offered. This killed many small businesses, plus if you have 50 employees or more you have to offer benefits...ever heard of the 49ers...these are business owners that had to close locations and fire people because the government got involved where it had no business being.
    Also have you noticed that a lot of jobs that used to be filled with teenagers and college stuents are now being filled by retirees and adults...because They are more reliable.
     
  25. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    That is something I have definitely noticed.
    The pool of jobs that teenagers can be seen doing now is a lot smaller than it was in the 60s. I remember when there were 18 year old girls behind the counter of gas stations. Construction crews working on roads would hire teenagers to hold road signs and help direct traffic. Roofing used to be a summer job for high school seniors. There were newspaper routes for 13 year olds. There were plenty of valet drivers under 20 years old. I could go on and on. How many young people do we see doing these jobs now?
     

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