Re:US Housing Affordability Hits Worst Point in Nearly Four ...
by whimsicalism on Monday August 21, 2023 @02:25PM
(#37213436)
Not sure where you read in my comment that it isn't "boomer zoning" but I believe you are referring to one of the largest proximate causes.
"Corpos" are filling in the gap because a ridiculously sticky real estate market means that there are a ton of places that could easily bear more renters. These corporations are typically paying far below the average for homes in whatever state they are buying in [0] (somehow paradoxically this becomes bidding home prices up) and typically allow more renters to enter the market rather than being priced out.
[0]: https://www.corelogic.com/intelligence/the-beginning-of-the-...
Re:US Housing Affordability Hits Worst Point in Nearly Four ...
by jjoonathan on Monday August 21, 2023 @02:26PM
(#37213449)
I read your post before you edited it. Nice edit. I think we mostly agree on the correct policy direction, now, if not on who promotes it.
Re:US Housing Affordability Hits Worst Point in Nearly Four ...
by whimsicalism on Monday August 21, 2023 @02:33PM
(#37213534)
fwiw, I'm on the left - I just can see that our old pattern of finding a boogeyman that isn't policy choices to blame it on simply will not work for this problem.
Re:US Housing Affordability Hits Worst Point in Nearly Four ...
by triceratops on Monday August 21, 2023 @02:25PM
(#37213433)
"boomer zoning" is largely responsible for the lack of supply GP blames.
EDIT: nice edit. At least you acknowledge boomer zoning as problematic. But you blame the left. Lol. I seem to recall your guy repealing a bunch of density-promoting legislation and bragging about "saving your housing values" on TV. Someone is in denial here!