this post was submitted on 15 Aug 2024
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Housing Bubble 2: Return of the Ugly
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Would get priced in. We need to catch up on supply. Not continue juicing demand.
It's not for all buyers - only first time home buyers. Makes it bit harder to get as explicitly priced in
I had also read elsewhere that Harris is also looking at policies to increase housing supply too
It will still drive up prices.
$25k isn't "juicing demand" having kids and not planning that they would idk become adults is.
We're not just going to build more houses and fix this. Developers build houses to make profit so they make specifically 5+ bedroom homes on small lots devoid of character in a sea of grass. The same homes that first time buyers can't afford and typically don't want as much because fewer people are having kids.
Next we'll say giving tax cuts makes food more expensive because it increases demand. Quick, get Illinois on the phone real quick, removing food taxes will just increase demand and make food more expensive!!11!!
The most infuriating part of it is all the white trim. Go ahead, build a house no one can buy, but at least make it look tasteful. I mean come on!
That's certainly a close one for me but I think the destruction of older 2-3 bedroom homes to remodel or build a new ultra minimalist home devoid of color.
They really don't make em' like they used to.