shortage of affordable housing for young adults

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

  1. james M

    james M Banned

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    These things are symbols of our contribution to society or our success. Why cure cancer or invent a better mouse trap if you don't get a visual reminder of your success as a reward.
     
  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    And there are reasons for these zoning laws.

    If we didn't put some limit on the amount of building, things would get completely overcrowded and open spaces and nature would disappear in high cost of living areas.

    It is also used to keep less desirable populations out of certain areas, to prevent neighborhoods from going bad, but that is another issue. We could talk about how racial diversity and friction between different social classes prevents young people from finding spaces to rent close by, without having to move too far away from their parents.
     
    Last edited: Jul 26, 2017
  3. james M

    james M Banned

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    no price remains low in a free country when demand exceeds supply. Only a communist would take this to mean govt must be involved.
     
  4. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    When government starts trying to implement price controls, usually that leads to shortages with long waiting times. And not everyone who is eligible to buy something actually ends up able to have it. Some sort of rationing mechanism is found, either a lottery or a waiting list.

    You still haven't solved the problem of not enough housing for everyone who wants to have it.
     
    Last edited: Jul 26, 2017
  5. james M

    james M Banned

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    capitalism solves the problem as much as possible. govt welfare beyond capitalism will usually make the problem worse not better.
     
  6. Ndividual

    Ndividual Well-Known Member

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    Perhaps tents are the answer?
     
  7. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Last edited: Jul 26, 2017
  8. Ndividual

    Ndividual Well-Known Member

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    Federal government can always find a Constitutional basis to overrule State/local laws.
    But looking at the census data on median home prices, the median home price in 1963 was $17,700 while the minimum wage was $1.25/hr or the equivalent of 6.79 years wages.
    Using the census bureau data for the same month of 2017 the median home price was $298,000 while the minimum wage is now $7.25/hr or the equivalent of 19.71 years wages.
    If the minimum wage was adjusted simply to account for the effects of inflation on home prices it would be $21.05/hr or $43,889.25/yr.
    Perhaps the tents would be a better solution in the long run?
     
    Last edited: Jul 26, 2017
  9. DivineComedy

    DivineComedy Well-Known Member

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    If I can build a three-bedroom two-bath house on the lot but not a 300 square foot tiny house on the same lot, the problem is not overcrowding.

    One old man wanted to carve off 2.5 acres of his farm for his kid, the minimum lot size, the Gestapo Communist Gubermint required him to build a bigger house than his father lived in.

    It has nothing to do with overcrowding, it has everything to do with keeping white trash and ******s out of the hoods. With discriminatory economics in home ownership, and the resulting debt slavery or slavery to landlords, the subsequent call for total redistribution of wealth is fully justified.
     
  10. OldManOnFire

    OldManOnFire Well-Known Member

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    Based on the thread topic, the only place we need affordable housing is in the high employment centers. No matter if affordable housing is placed in the middle of Santa Barbara lower income people are not going to live there since everything else they consume is higher priced...they will live in affordable bedroom communities. So younger people, and others, who feel they must live in areas in which they can be employed, those areas are going to have the highest demands on all consumables...hence a higher cost of living. Most of those areas are land-locked and over-populated because that's where the good jobs exist. Older people, and their kids, who have been in those areas for decades, who are now faced with very high cost of living, will barely hang on or will sell and relocate to a simpler life.

    So my point was if there remains a larger demand than supply for private-sector affordable housing, prices will escalate in which they are no longer affordable but market priced. I suppose a development can be non-profit but this does not make sense to a developer spending million$. And even a non-profit will increase rates to keep up with inflation. So this leaves government funded and managed public affordable housing IMO...
     
  11. OldManOnFire

    OldManOnFire Well-Known Member

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    This is not a thread about minimum wage so I'll only make a single comment; Minimum wage will always be minimum wage no matter if the MW is $7.25/hour or $25/hour. Those who function at MW levels will have the identical issues no matter the MW rate. If the MW is increased by 300% over time so will the entire wage scale of all jobs, creating horrific inflation. People who do not like functioning at MW wage levels need to do something to increase their wage potential. MW's and poverty line wages and any other forced wage/income increase will never be a solution to anything...
     
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  12. Greataxe

    Greataxe Well-Known Member Past Donor

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    Sure there is except in the NE and some of the West.
     
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  13. Ndividual

    Ndividual Well-Known Member

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    I wasn't suggesting raising the minimum wage, but only trying to show the effect inflation has on making housing unaffordable for those starting out.
     
  14. james M

    james M Banned

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    if you redistribute or steal wealth then the wealthy have no incentive to produce wealth. This is how USSR and Red China slowly starved 120 million to death. Do you understand?
     
  15. james M

    james M Banned

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    ??? wage inflation would only make housing unaffordable if housing prices inflated faster than wages.
     
  16. Bear513

    Bear513 Banned

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    You should get out more, in these parts of the Upstate of South Carolina, jobs a plenty and you can rent houses on a acre or so of land for $500 a month...





    Greenville/Anderson/Spartanburg

    Population: 400,492
    Growth (2000-2010): 32.5%

    Once known for textile manufacturing, Greenville has become an international powerhouse, hosting companies from all parts of the globe.

    The city, along with Spartanburg, Anderson and other nearby towns known as "The Upstate," boast more than 250 international firms, including BMW (Germany), Michelin (France), GlaxoSmithKline (United Kingdom) and Kyocera (Japan).

    "That's the highest international investment per capita in the nation," said Nancy Whitworth, Greenville's Director of Economic Development.
     
  17. Bear513

    Bear513 Banned

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    First you city folk really should stop voting for Democrats.



    .
     
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  18. Robert

    Robert Well-Known Member Past Donor

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    You are 30 years old. I am 78.

    I happen to be the forum expert on housing. Why is that?

    My resume in this field is extremely long and dates back to 1971 when as a then novice, I entered Real Estate first as a salesman, later relicensed as a Broker. Then became a director on a large real estate board, larger than of many states, where I also rose to state director over California. Also approved by 1980 to instruct real estate by none other than CA.

    As a youth, I rented apartments when i decided my single life belonged inside my apartment and not at my parents home.

    And i held full time jobs paying well.

    I have sold homes since 1971 to the youth. It was NEVER easy for the youth to both get cheap rent and purchase a home.
    The youth I found who could afford homes depended on them being extremely industrious and in some cases, having willing family to assist them get going.

    Builders scope out markets. If the market can't afford new property, they do not normally build there. We have dead cities now.

    I agree with you on the youth, but the problem is today what it was 45 years back. Somehow the youth wanting a home or rental find a way to enter the market.
     
  19. Robert

    Robert Well-Known Member Past Donor

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    Heck, now that I know that, I might move there myself and out of CA. LOL
     
  20. Robert

    Robert Well-Known Member Past Donor

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    Hit them with a 2x4 and they won't listen. I once was a Democrat. It takes a true study to change parties. I made such a study.
     
  21. Robert

    Robert Well-Known Member Past Donor

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    In the first apartment I rented, I and a male pal moved into a single bedroom apartment where we shared the same bed. Bed was wide but still not what I felt best with. Ray loved women so did I.

    He told me one day, shortly after we signed the rent agreement, he and his girl would soon marry. I was really stuck. By this time, one of the other guys that lived in the same complex, that I got to know a bit, said he would pay half and wanted to move in when Ray moved out.

    Well, that did not work. i had plenty of money, he lacked money. I ended up moving out.

    A good roommate has to be found.
     
  22. Robert

    Robert Well-Known Member Past Donor

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    There are ways to decide if an area is worth buying into. But blanket comments, yes even by me, won't solve all problems.
     
  23. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    One thing we can argue about is whether the shortage has more to do with the purchasing power of young adults, or whether it has more to do with higher housing prices. Or maybe some combination of both.

    (If it's a combination of both, I imagine there's a multiplier effect)
     
  24. DivineComedy

    DivineComedy Well-Known Member

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    "Non sequitur. Your facts are uncoordinated."

    If we “redistribute or steal wealth” then the wealthy will not exist. Their incentive to support affordable housing, while they do exist, is to keep their wealth. If they don’t want to keep it, that is their choice.

    I said, “With discriminatory economics in home ownership, and the resulting debt slavery or slavery to landlords, the subsequent call for total redistribution of wealth is fully justified.”

    If you steal basic human rights, you can lose them. Do you understand?

    Ethnic discrimination in housing:

    “Chickees constructed by the Miccosukee Tribe of Indians of Florida or the Seminole Tribe of Florida are exempt from the Florida Building Code and do not require a building permit. They are, however, not exempt from zoning district regulations.” http://www.capecoral.net/department...ocs/Chickee_Chiki_Hut_Guidelines_DCD_7056.pdf
     
  25. james M

    james M Banned

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    wrong of course. you are mistakenly assuming libs will steal all of their wealth
     

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