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Any day now (discuss.online)
submitted 3 months ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 7 points 3 months ago (15 children)

We have housing development all over Utah. Not easy to afford those half million dollar starter homes. Also pro rent control is exactly the policy they need to prevent the mass purchase of homes by a single entity or person. If it's not as profitable, then they won't do it.

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  • [–] -5 points 3 months ago* (last edited 3 months ago) (14 children)

    without those new homes, the existing starter homes would be 700K.

    rent control restricts development, and gives preference to those who already live there over those who want to move, which locks people into their homes and further increases upward price pressures.

    the problem is you see everything in terms of YOU YOU YOU. you can't afford the new homes, so you think they are bad and make things worse. but those new homes are getting bought by people who would otherwise buy old homes and make those even more expensive than the new ones.

    the issue that nobody is talking about is that the USA as a whole, is like 30 million housing units in the red, and it's far worse in some areas than others. In cities where they have built enough to meet demand, prices have plateaued and sometimes started coming down. Because at the end of the day, it's a local issue. it's individual towns and cities that choose to permit new housing construction, they are the ultimate force in all of this and they have systematically suppressed new housing for 30+ years. The last time housing construction was on pace with housing demand was 1995. every year since then, housing construction has been less than demand, and thus housing prices have gone up 300% because there simple aren't enough houses for people to buy, so the houses that are for sale, go to the rich people who can afford them.

    anyway, yeah vote for rent control and screw everyone else, as long as you have yours right, surely you'll be the one who gets the rent controlled unit and fuck everyone else who isn't lucky enough to get one. that is the american way.

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  • [–] 5 points 3 months ago (13 children)

    Bullshit.

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  • [+] -6 points 3 months ago* (12 children)

    yeah man, just keep saying bullshit. that will make houses become affordable for you.

    or maybe go to your local zoning board meeting and vote for more housing development. nah, that that can't work.

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  • [–] 5 points 3 months ago (11 children)

    And absolutely zero that you said will make housing more affordable. From your point of view it sure the fuck sounds like you're either a developer or an investor in housing. Or possibly a landlord since you're screaming so much about rent controls ruining the possibility of more affordable housing.

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  • [+] -8 points 3 months ago (10 children)

    Right, and you know this how? Because you 'feel' it? Do you also feel vaccine causes autism and they are a vast conspiracy being imposed on you?

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  • [–] 2 points 3 months ago (9 children)

    I can tell you right now because there's absolutely no rent controls in utah. That is not made housing any cheaper here in fact it's gone up astronomically over just the last 5 to 6 years. And I can also tell you that building out additional housing is not helped the fact either. Because all their building is huge houses that really start at 450 to 650,000. I live in an area of town that traditionally was low income and not necessarily great. The area I live in is much nicer and I've lived there for quite a long time. But watching all of the new housing pop up and I literally had probably eight neighborhoods pop up of dozens and dozens of houses and the cheapest one out of those is $475,000. And I can tell you by looking at the housing market around me with all the existing homes and watching them sit because the housing market is so overpriced that even homes that literally 6 years ago for selling for 225 to 275,000 that are now selling for $480 to 650,000 or more. It's not about the number of houses available it's about the market in the glut. And you're right I'm not in the position to purchase the house. I could if I wanted to. I make plenty of money but I really like where I live I don't mind renting my landlord is awesome I've literally lived there for 12 years I get to do anything to the home that I want there's not even a problem there and I pay less than what I pay trying to buy a house that's smaller than where I live. I've looked at owning a home I've looked out purchasing a house I qualify I have the money available I have the income way above the median and Utah but I won't pay for the shitty ass homes that they want so much fucking money for.

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  • [–] -1 points 3 months ago (8 children)

    right, again, all that matters is you. so fuck everyone as long as you get yours. if you don't directly benefit from new housing development, it's terrible and awful.

    because indirect benefits don't exist. the economy doesn't exist outside of you, you, you, you.

    and you're just bitter you can't afford new construction so you think new construction shouldn't exist.

    i mean seriously dude, you are the problem wit hthe housing market. the reaon it's so bad is because of people like you who think it's all about them and nobody else should benefit if they don't.

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  • [–] 1 point 3 months ago (5 children)

    Nobody wants new construction because they are build like shit.

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  • [–] -1 points 3 months ago* (4 children)

    weird, then why do they sell so quickly then if nobody wants them?

    why is it that in my own city, pretty any place that is old gets knocked down and a new larger home gets built in it's place? or sometimes, a condo building?

    if 'nobody wants new construction'

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  • [–] 1 point 3 months ago (3 children)

    Because shitty flippers buy up all the old homes and ruin them with lipstick and charge 10 times what they pay for them.

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  • [–] 1 point 3 months ago* (last edited 3 months ago) (2 children)

    right, are they shitty because they are making money doing that? or shitty because you can't get in on that game?

    why aren't you buying up an old home and flipping it if it's so lucrative?

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  • [–] 1 point 3 months ago (1 child)

    They are shitty because they are built with the lowest quality to survive past the "warrenty". Just go talk to some inspectors that sees how "well built" million dollar homes are.

    why aren't you buying up an old home and flipping it if it's so lucrative?

    Hard to compete with people with ludicrous captial. Nor do I have any interest in hoarding ludicrous wealth.

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  • [–] 1 point 3 months ago*

    and why are you so upset about all of that if you can't afford them?

    sounds like you should go buy an old home and just enjoy it's quality construction then. win-win for you.

    and the more homes that get produced, the lower the cost of the old home will be, because it won't be as desirable to flip it.

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