It’s the increasing split of a 2 class society: land owners vs. non-owners. That’s what led to people migrating to America in the first place. You’ll see more migration to second-tier cities where people can afford land. I’m not sure what happens once that gets too expensive. People either leave the US or you get a revolt.
This whole entitlement towards being able to pay the same rent for life is insane. If people want fixed costs, then they should buy. I always wonder when it’s older people protesting why they didn’t buy YEARS ago.
That’s where the Ellis Act comes in. Kick them out and sell that house.
What do you expect?
Not enough houses for sale. They are too expensive. And the notion that the recession is coming makes them favorite members of the waiting party. They may think they can pick up houses as some investors did, the smart ones, after the last recession.
This is my take on the article…If the no growthers would get the fuck out of the way then growth would return to 4% from an anemic 2% and the whole economy would benefit.
Sorry for my language but clearly the nimbyies have helped destroy our economy in addition to condeming a generation to living in substandard housing…Maybe the millenia generation
will awake and stop blaming the 1 percent and start blaming their greedy neighbors and vote yimby
Probably referring to singles who can’t afford to buy anyway. Families want to buy, if possible, in expensive desirable neighborhoods.
Here is the survey…
Want to do a deeper dive???
Well, now that property tax deduction is going to be a goner, no incentive for people to buy homes. I think…Landlords? They don’t care I believe.
When asked to rate their city satisfaction on a scale of 1 through 5 where 5 was very satisfied, respondents in Minneapolis seemed to be the happiest with 61% of respondents rating their satisfaction at a 5. This was followed closely by Austin (60%) and Denver (59%).
Great. No need to worry about tenants would terminate leases to buy houses. In SFBA, every tenants harbor that they would buy a primary house eventually.
In Vegas looking at rental potentials… Market is hot… Rentals$1-2/SF
Only looking in Summerlin gated communities
Hard to find deals, except multi family… Lots of new construction… Like the new Summerlin downtown mall…
Not a fan of the Strip condos and condo hotels… Nothing being built on the Strip
Love the weather in November 75 degrees cool at night
or Roommate Nation…
That’s the foundation for the anti-landlord mentality.