Which housing markets are most exposed to the coming interest-rate storm?

Re:Which housing markets are most exposed to the coming inte... by endisneigh on Wednesday May 11, 2022 @06:45AM (#31338105)

Ok, what’s your solution, exactly? When there’s a food shortage, you subsidize food, which is exactly what virtually all governments do.

When there’s a housing shortage, I guess not building is somehow the solution?

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Re:Which housing markets are most exposed to the coming inte... by galfarragem on Wednesday May 11, 2022 @06:59AM (#31338188)

Empirically:

- Limit ownership to residents.

- Limit the amount of houses per person. Max. of 2?

- Limit airbnb outside touristic areas.

Stuff that doesn't work: subsidize houses or limit rents.

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Re:Which housing markets are most exposed to the coming inte... by endisneigh on Wednesday May 11, 2022 @07:01AM (#31338202)

After you do all of that what happens if people still want to buy? Migrants come in, people are born? Homelessness I guess?

Why have a max of two? Seems arbitrary, why not one?

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Re:Which housing markets are most exposed to the coming inte... by orwin on Wednesday May 11, 2022 @07:59AM (#31338612)

> After you do all of that what happens if people still want to buy? Migrants come in, people are born? Homelessness I guess?

Easy, local government pay for new developpements according to their needs, and rent them at 1/20th of their cost (per year, a bit more to account for losses maybe) for at least 10 year, after which the familly/homeowner can buy the rest of the house.

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Re:Which housing markets are most exposed to the coming inte... by endisneigh on Wednesday May 11, 2022 @09:19AM (#31339544)

Where does the government get the money to do this?

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Re:Which housing markets are most exposed to the coming inte... by galfarragem on Wednesday May 11, 2022 @07:31AM (#31338371)

> Why have a max of two? Seems arbitrary, why not one?

Finding the sweet spot implies trial end error. It's certainly not 1 and I suspect 2 is too restrictive unnecessarily. The relevant is to restrain housing from being a financial instrument not to repress people. If a person can't buy a dozen houses the demand (and consequently the price) will fall.

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Re:Which housing markets are most exposed to the coming inte... by endisneigh on Wednesday May 11, 2022 @07:34AM (#31338389)

1. You can’t be in two places simultaneously - there’s no reason to own more than one house per person.

2. If no one can own multiple houses, then rentals cannot exist. Where do those who cannot afford to buy live?

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