Why The U.S. Can’t Build Homes Fast Enough

[@duerf5826]

There is one giant elephant in the room that no one is talking about: existing home owners. People in my city actually petitioned their city council to reduce number of new constructions because they were afraid that it would make the value of their own property to go down. Too many people still see houses as investment that they happen to dwell instead an utility.

[@carolr7823]

They should be a decrease in new constructions not an increase unless it's a tear down. High density housing ruins neighborhoods and cities.

[@orlandocastillo6862]

Exactly those Karen’s don’t want new home or apartments in they area

[@Erik_The_Viking]

Well said. This is a genuine problem in many cities.

[@CoreyANeal2000]

10:06 Trump is actually playing to those exact people.

[@Chr1sBrown]

NIMBY

[@jeromesand]

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[@JacobsErick-u8r]

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

[@hoosier-daddy-wv5gi]

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

[@winifred-k9e]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@hoosier-daddy-wv5gi]

Finding financial advisors like Melissa Terri Swaynewho can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@LUCIASMITH-d1z]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@Riggsnic_co]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@kevinmarten]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@Jamessmith-12]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@JacquelinePerrira]

Mind if I ask you to recommend this particular coach you using their service?

[@Jamessmith-12]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@jowens3975]

Stop letting corporations buy residential property

[@ibizawavey8630]

Take it up with your local gov't. Most americans are busy fighting over trivial sht like obama's middle name lol you guys better wake up eh?

[@user-zu5do6ri6r]

Our governments gave corporations money to buy the houses.

[@scott2228]

Yep. They are buying way too many homes. It is distorting the market. I’m for capitalism but if it’s destructive to society it’s wrong.

[@FuzzyDice66]

foreign nationals too

[@Hasanaljadid]

​@@FuzzyDice66Foreign nationals make small effects in housing prices in The US

[@Erik_The_Viking]

Two words: zoning laws. Those need to change, and while we're at it, get rid of corporations and "foreign investment" in residential property. We've also effectively made it illegal to build lower income and higher density housing.

[@PodcastOnTheSpectrum]

You pretty well hit that nail on the head there good sir.

[@carolr7823]

No way. I love zoning laws that don't allow high density housing. High density housing ruins neighborhoods and cities.

[@Western_Decline]

@@carolr7823 nobody cares what you think, NIMBY

[@PodcastOnTheSpectrum]

@@carolr7823 It's also zoning laws like on the west coast that lock land into agricultural zoning so those neighborhoods can't expand outwards. And high density housing like high rises is the natural progression of any big enough city

[@steventhan93]

​@@carolr7823 Urban sprawl is what make America so unlivable without cars, I rather live in a densely populated neighborhood where my groceries can be picked up within walking distance. Cities in Europe or Asia are densely populated, residents live on top of small shops, that what make them so vibrant, instead of the concrete jungles America has

[@JeffreyTuck-x4f]

Keep in mind that during the 80's people were encouraged to save due to the interest rates. Right now there's very little incentive to save because those who are saving are watching those who are reckless taking it in. I've been trying to save for a home and it's been discouraging to watch prices continue to not budge because there's people willing to get into a mortgage where they're paying 40% of their income. It's insane.

[@johntnguyen9917]

From what I’ve seen, Trump's policies generally lean toward deregulation, which might make property development more appealing to investors. Honestly, though, regardless of any short term effects, I think this is the right time for everyone to dive into the market.

[@ValfredoPouchard]

It's not just housing either. Crypto is absolutely going through the roof right now. I’ve seen some insane gains over the last few months. It’s like a goldmine if you know where to look.

[@angeladougan6277]

Same here. Between crypto and the current housing trends, I’ve made a good amount just by investing wisely. Whether it's Bitcoin or certain stocks, the returns have been pretty solid if you know how to diversify.

[@rickmcdonald23j5]

I’ve been thinking about getting into the market, but I don’t even know where to start. Any suggestions?

[@george.beard2409]

A friend introduced me to Graham David Fullerton, and he’s been incredibly helpful. He’s got a strong sense of which areas to prioritize, whether it’s property, stocks, or digital assets. His strategy on diversifying to reduce risk while optimizing gains has been a game changer.

[@matt5857]

25k housing credit will only make housing prices go up by 25k

[@eegernades]

Yep. All of Harris policy on this, is great. But that that 25k for first time home buyers, that is no good.

[@unisonosc1617]

it'll go up WAY more than 25K.

[@takealready]

say it louder for the people in the back to hear.

[@xx133]

@@eegernadesshe would need to build public housing at a rate not seen since the 1930s. The oversupply of non-profit housing would drive down prices/stabilize them, provide many good paying jobs, and would no longer be a speculative asset for bankers/landlords. Obviously, the banks and real estate speculators have a hold on policy and wouldn’t happen without packing the courts and having actual leftists in Congress and on the ground doing grassroots organizing

[@xx133]

@@eegernades​​⁠she would need to build public housing at a rate not seen since the 1930s. The oversupply of non-profit housing would drive down prices/stabilize them, provide many good paying jobs, and would no longer be a speculative asset for bankers/landlords.

[@DS-gt1ft]

NO, Californians are NOT leaving for better weather. Come on.

[@winniethebubbly]

Maybe for less wildfires?

[@JakeStewart1343]

​@@winniethebubbly Better Government 🤷‍♂️

[@Your100percentrightbut]

@@JakeStewart1343 Less fentanyl 🤷🏼‍♂️

[@joshuabenton3785]

We did 🤷🏽‍♂️

[@dllemm]

It is 20F hotter in Texas than most of Cali. And humidity in Georgia and Florida are miserable. People leave California because they can’t make it. But I’d rather rent in Cali than buy in Texas.

[@anbuhxrris]

It’s the same problem with car manufacturers. Build less homes, you can charge more. Build less cars, you can charge more.

[@matthewgibbs6886]

they have months or like dodge 634 days of cars already built and not selling

[@johnsolo1439]

I noticed this too!

[@sparksmcgee6641]

@anbuhxrris Give me the money and I'll build you a house. Anyone want a house I'm right here. They turn around and run when thwy find out what it costs to build. Then while the whole country is screaming for houses I'm supposed to make less than the buyer does or they get mad because they went to college.

[@malavoy1]

Pretty much the OPEC playbook, implemented in other industries. Only positive is that since these companies aren't nation states, we can actually do something about it.

[@andersonstudiosmusic]

@@matthewgibbs6886 Yeah, the car market problems are about price gouging, not supply.

[@jorf5506]

What I got from this video is America is turning every essential need to a business and is being greedy. The average working person cannot afford to buy or own a home.

[@pauldethick6175]

Same in europe too. Here in the UK the big house builders actually slowed down when interest rates went up to keep their prices high. They dropped completed homes by 25%-40% a year to limit supply and keep prices high (I work in the construction industry).

[@a.julian3770]

"Always has been"

[@eycewon]

and not just any business, but private and for profit.

[@jsebby2284]

Yes they can. Otherwise the home ownership rate wouldn't be 66%

[@ImAyBeast]

@@jsebby2284lmao true home ownership is less than 1 percent the bank owning your home doesn’t mean you own it

[@blissds-gi3mb]

Man, this video hits hard! I've been sitting on $233k in my emergency fund, feeling all proud and ready to dive into investments, and then bam-turns out, even houses are a ‘can’t keep up’ situation. Maybe it’s a sign to chill or pivot to stocks? I mean, where do I even start? 😂 Any tips, fam?

[@CharlotteJacobsons]

Congrats on the $233k stash! 🥳 But here’s the thing: diving in without a game plan? Nah, not it. I thought I was a genius, then learned the hard way that a financial advisor can actually save your bacon. Mine helped me see the big picture-totally worth it. Maybe look into one before jumping in?"

[@MollyShorters]

Alright, you guys have convinced me-I probably need an investment advisor too. But here’s the catch: I’ve no clue where to find someone legit who isn’t just selling snake oil. Suggestions?"

[@CharlotteJacobsons]

There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.

[@blissds-gi3mb]

Checked out Linda Aretha Reeves-she looks like exactly what I need to sort out my financial mess and finally invest smartly. Thanks for the tip!

[@mirtokiriazanou766]

What is it with all the fomments asking for help for stocks ? Seems like those bot comments on insta or like you're trying to scam

[@randykrus9562]

Stop corporations from being able to buy homes.

[@hugoglenn9741]

What corporations, they actually build homes. Calpers, teachers retirement funds, Firemen retirement funds are the ones that buy Apartments/Real estate for stable returns to pay retirees on an annualized basis. Are you saying retirement funds are unethical or need stopping you liberal hack

[@captainhappy]

There is absolutely no shortage of expensive houses. The shortage concerns only affordable houses.

[@gumball3D]

Affordable single family housing for the middle class!!

[@Rommie26]

This video also forgets to mention the reason why housing supply is low is because we have so much illegal immigrants About 10 million clogging up all the housing, this increasing the prices

[@zbigniewdomozych5744]

Perfectly said

[@masterchinese28]

If the local officials would let me split my land, I'd happily build multiple starter homes on it. As it is, they won't and I'll have to build big just to justify the cost. Three 1200sqft houses would be better than one 36000 sqft house, but that will only happen if the local officials change their regulations.

[@davidanalyst671]

the house prices will adapt to the people of the country who have a will to live in them. now that we have settled that, if the federal reserve keeps the ability to borrow money at 0%, for 10 years, its easy enough for the private equity and banks to straight buy up houses as assets instead of the CDO's that they were buying before 07. Thomas Jefferson "If you give the power to inflate and deflate the currency to the banks, america will be homeless in the country her forefathers conquered" Jefferson predicted this would happen 200 years ago

[@mattr960]

Builder here and I can tell you two things that would change everything. Make permits easy to get. Make property easy to split. This would create a home building explosion in popular areas.

[@ali.arshad]

To exponentially grow builders profits while providing smaller cheaper housing for additional cost? Right.

[@robertcovino4889]

How about life long residents of these now “popular areas” who don’t want this home building explosion? They say no…

[@davidbeppler3032]

I got another one for you. Tax empty homes at 200% going up every year they are unoccupied. Things would change overnight.

[@DKREALFEEL]

@@robertcovino4889they’re the problem then…

[@DKREALFEEL]

@@davidbeppler3032so you can’t own two houses unless you’re worth more than 25 million? Nah I’m good.

[@bryanwilson928]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@steliosmormoris1]

Maria davis program is widely available online..

[@jesus_inco]

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

[@christodd2]

The very first time we tried, we invested $2500, and after a week, we received $19,750. That really helped us a lot to pay up our bills

[@swankydreams729]

After I raised up to 450k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..

[@leziah_kurt]

Started with $5,000 and Withdrew profits $89,000

[@___beyondhorizon4664]

As a childless, pet- less person, i know i can't afford to buy a home. There's no certainty in life, I'll move wherever the job is. In March, i learned that there's a local church, donated it's land, and build affordable housing in short period of time. 2 of the residents i talked to, said she was homeless for over 5 years. One day, she was told that she was selected to be the new affordable unit. It comes fully furnished, kitchen appliances, bedding and a common laundry room. It a 500 units, 2 story building with elevator. The entire building is for seniors housing only. With her SS monthly income, she can finally pay her $500 rent . Both of them volunteer at the church, they make sure the grounds are well kept. This happened in the border town near California and Mexico, this spring, 2024. The mayor was there for the opening ceremony with 1 local news reporter. Such story are seldom reported on national news.

[@portcybertryx222]

Wow what a great stiry

[@hugoglenn9741]

A border town 500 unit complex at $500/month doesn’t sound that appealing or great of a deal. Tenants just left my rental at $650/month and it 3 bedroom and a house on 1/2 acre not a 1000 people creating noise and problems. Certainly not in a border town. BTW the whole story sounds questionable and stupid, cuz I’ve never ever heard of 500 units at 2 stories tall even when I visited Russia during communism

[@SwornInvictus]

Developer here. Firstly it's the land prices due to megacorps buying up raw land and residential property, that shouldn't be allowed if you ask me. Second, there are a number of innovative building methods such as CEB which improve quality, longevity, and cut costs, but the regulatory environment makes it challenging to try new building concepts. In some places you need a permit to so much as build a shed, which is discouraging. You also have rediculous zoning laws which are not only a nightmare to navigate but dissuade villages from forming (ludicrous building spacing requirements, or recreational only zoning that nobody can live on full time). I'd also like to point out that the way we build today, stick frame with modern concrete, is dooming structures to last only 100 years at best, whereas we could realistically build homes at a similar price to last more than several hundred (just look at Europe). It's mostly regulation and I'm sure "squatters rights" is dissuading a lot of potential capital flow because landlords understandably don't want to fuss with that.

[@joeschmoe21]

Federal Reserve prints money for mortgages, which artificially raises home and land prices. Have you ever seen the Fed's balance sheet? No, didn't think so. I am yet to meet an American who has. Google up Federal Reserve H41 Current Release, scroll down to Mortgage Backed Securities and note that all numbers are in Millions. Powell is sitting on $2.6 Trillion that he has bought with freshly printed inflation to raise house prices. As long as this Federal Reserve intervention continues, there will be a mismatch between house prices, construction, demand etc. If USA was a free-market capitalist country, house prices would always be just as much as people can afford, no more no less. We have plenty of land. We have plenty of poor neighborhoods that can be gentrified.

[@torsten6777]

Building houses that last 200+ years would make it even more unaffordable. Also, most people don’t even live that long. In Europe, they had to replace pretty much every single piece inside those old homes, costing more than building a cheap new one.

[@glensmith491]

In my area, most of this buying of raw land by corporations is not to build houses or even people warehouses. They buy the land for data centers, logistics warehouses, modern factories and even farming. The basic model for choosing how to use your land in the most profitable way has not changed since I was involved in building such decisions systems 30+ years ago.

[@hugoglenn9741]

I don’t care if it’s European in style (been there on hundreds of occasions), it’s still going to depreciate on a 29 year schedule. European refrigerators, stoves, HVAC, etc. last likely shorter than American ones. If you don’t believe look at all of the electrical problems on European autos versus Japanese. Also a European tile roof still leaks and when it need replacing is 10x the cost in Europe of an American Asphalt shingles room. Also, as I already knew but got reinforced today as a 6 year tenant left. Yes Gen Z trashes houses on a 7 year schedule rather than 29. The paradigm has shifted worse. Being a landlord is the crappiest job on earth. I’m also helping a friend build his house at a cheaper cost (DIY). Literally took the local yocals over 4 months to do a perk test just to start building and they didn’t even give a day or 2 notice before showing up. That’s why there is slow construction, government lazy beaurocrats. Forget about every other stupid idea, you only need one. Individual builders have to have all permits or perks approved before any builder can build any apartment/condo. You would see Govt S%^& happening quick. The worst is low income and apartments are a blight on your cities and a disaster on local budgets. Even in cheaper States like SC each child in school takes over $30K on costs per year. If you in courage families (Avg 2 kids) to come to your locality for cheap housing are they paying $60K a year in property tax on crapping structures. You want retirees in your home state you bunch of idiots.

[@randylester8274]

Nothing to do with uncontrolled sky high profit right?

[@daexion]

It isn't that the US cannot build homes fast enough, it's that investment firms have either bought up a lot of them or driven the cost of housing up such that most ppl are priced out of buying them.

[@jamesalvarez8733]

Yes totally agree that’s a main issue but at the same time the regulations on home building and the construction industry have risen significantly over the past several decades, more and more licensing laws are being created, the insurances for contractors raised , making it that much harder and costly for home builders to get into the industry, compete, and build the homes that our people need. In California a state with the worst crisis, rather than pass laws to prevent the issue from continuing, they made it twice more expensive and unlike the rest of the country making efforts to reform those anticompetitive laws, it seems California is doubling down. There is no testing or licensing for contractors in Texas and Ohio, states with the lowest housing costs and highest inventory of homes/ homeownership rates, if we can repeat that system across the board we can start making some big changes

[@carstruckmidnght]

Stop building million dollar McMansions. Stop building communities that come with an additional HOA cost. Build 200-300k$ homes. Remember back in the day when builders built affordable, modest size cape neighborhoods. Bring that back.

[@xx133]

Under our economic system, housing is just another item in a portfolio, its primary value isn’t shelter.

[@takealready]

@@xx133 sad but true.

[@mikeygROCNY]

Who’s going to do that if it doesn’t make them money?

[@alexmikhylov]

compare land costs, labour costs and material costs of back in the day and today. it's not economical anymore. there are 2 options now for a developer to make good on investment: either highly overpriced single family house or an apartment building that will house 10 families. but US is stuck up specifically on houses.

[@realdeal139]

They will lose money building homes at that price range. permits and new housing regulations make it expensive to build

[@ibizawavey8630]

Private equity doesn't want homes built for middle class when they are in the game themselves with massive portfolios. What is so confusing about this?

[@zcorpalpha2462]

Middle Class should only Rent

[@Svid1701D]

Not enough people talking about or understanding this. Also, high school internships in the skilled trades will lower the cost to build homes while creating jobs.

[@FumbledorfTTR]

There are only so many upper class people you can sell houses to. There’s tremendous demand for cheaper housing so why aren’t more private equity firms and investors taking advantage of that opportunity by building new units instead of buying existing ones? It’s one less big margin you have to pay to the previous owner. So obviously there’s incentive to build new and cheaper housing, but the government creates price distortions and regulations that make that harder so as a result, supply is artificially suppressed.

[@beng4647]

Build more houses....apt ... nothing else will help

[@TomNook.]

@@FumbledorfTTR So incredibly naive.

[@richh650]

Private real estate ownership in America is Completely Broken for the average American.

[@swampwiz]

Folks need to move to smaller out-of-the-way towns where housing still is cheap. Of course, the jobs aren't there ...

[@bgorg1]

@@swampwizbut they are there for so many. I have a big house and commuted 2 hours each way to be near a good job and to afford a house for a family. We didn’t eat out or vacation for years. Our home appreciated because of location and inflation. Hardest but best thing we did. We want to move since our family is leaving now. The only thing that will correct this is a cyclical recession and pullback on gov spending. This is all a result of deficit spending catching up.

[@gamesguy]

The average American is a homeowner. 66% of Americans are homeowners

[@sdrc92126]

@@gamesguy 30% own a home no mortgage

[@The_Love_Doctor_Sean]

Due to the fault of the Americans not the housing market

[@Jalbert0028]

Yeah. Because corporations are buying them and renting them for higher prices. Stop them and watch prices go down.

[@Robert-z8z1z]

Nope, its immmigration not corporations. Immmigrnts have to live somewhere. No one dares say this.

[@edheldude]

Zoning laws also stop building the way people would most benefit.

[@realpolitics527]

​@@Robert-z8z1z sarcasm?

[@DJVARAO]

Which corporations? Do you have any proof of that?

[@luke304]

💯

[@Dangic23]

It’s not competition if the top 10 builders all build the same low quality basic house.

[@theyhateme8763]

how about the 30 million illegals driving the housing shortage?

[@longkesh1971]

Yes, most new houses are expensive to heat and cool because they'll save money anywhere they can. Something as simple as energy efficient windows is super rare in USA.

[@jennifertarin4707]

I'm constantly seeing newspaper articles about Lennar Homes starting to fall apart and needing thousands or tens of thousands of dollars in repairs after just 6 months of ownership.

[@theyhateme8763]

@@jennifertarin4707 how about the 30 million illegals driving the housing shortage?

[@theyhateme8763]

whats stopping you from buying landand building?

[@Casey-summer]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[@BaileyHoward101]

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

[@sloanmarriott5]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@Buffet-walton22]

@@sloanmarriott5 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@sloanmarriott5]

Izella Annette Anderson is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@mellon-wrigley3]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@3DGEM3]

Im 17 years in house building, the last two years has been the slowest ever. Its too expensive to build homes.

[@MalcolmRose-l3b]

I'm sure the Fed would say "good, our inflation policies are working". You've had 17 years of historically low interest rates, and suddenly you haven't - what did you expect? Sorry to sound unsympathetic but the question you should be asking is why did my industry build McMansions for more than a decade when it was obvious that fewer and fewer people could afford to live in them? Why is there such a mismatch between the supply and what buyers actually need? And why, when conditions were perfect for house builders to build crazy since 2008 did they fail to take advantage?

[@3DGEM3]

@user-fm6ns5nb4j so your saying the feds dont want more people housed?

[@theowl3103]

@@3DGEM3they dont.

[@Robert-z8z1z]

Immmigrationis100percent thereason forthe housing"crisis".

[@MalcolmRose-l3b]

@@3DGEM3 Which part of the Federal government do you refer to? I'm sure the Department of Housing and Urban Development (HUD) and Department of Labor would love for more houses to be built, and builders employed. But the Federal Reserve "conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy." Now sometimes that means the Federal Reserve and the rest of government are pulling in the same direction - but other times it doesn't. Inflation, at it's simplest, is too much money chasing too few goods. The whole point of interest rate rises are to damp down demand in the economy by discouraging consumers from consuming by making credit more expensive - one of the biggest uses of credit in any developed economy are mortgages. The rates go up, people are discouraged from buying a new house, if they don't buy a new house they don't spend money on all the other stuff people like to buy when they move - paint, new curtains, furniture etc. Reduce demand and demand led inflation falls - and a good part of the US inflation of the last three years is demand led. Not all, but a good chunk. And the Federal Reserve would say their policy has worked, that they have squeezed out just enough demand to reduce inflation without causing recession and unemployment, and that they can start to take the brakes off over the next few months.. You could make the argument that since the "Great Recession" of 2008 the Federal Reserve has, through it's policies (not just interest rates), helped American banks, companies and consumers rebuild their balance sheets. And one of the principal means of doing so has been through policies that caused the paper value of assets to rise. And what is the average individual's largest asset? His home - the Fed policies are why you've seen a steady rise in house prices over the last 15 years, and why homeowners don't want to see any local development that might erode the value of their home (NIMBYism) - because they increasingly see it as an asset rather than as a place to live. For banks the rising value of houses means that fewer of the mortgages they issued way back when are underwater - that in turn means that their liquidity ratios are better, which means that the Fed will allow them to loan more money to their customers. So the answer to your question is that some parts of the Federal Government at certain times don't want more people to buy houses. But at other times they might be all in favor. And other Federal Departments might be all in favor, all the time. Your question is based on the notion that "the feds" are a monolithic entity that pulls / pushes as one, in the same direction. The reality is that it is much more complex than that and, in many instances you may find that different government departments have responsibilities that conflict with one another, or overlap in some way.

[@Terminus-y9v]

I remember as a teen my parents helping me save for a starter home. Little did we know that those would no longer exist, and I'm renting a property that's extremely overpriced.

[@NoNo-ng9sl]

The fact your parents had foresight. But how long ago was that out of curiosity? I understand the feeling. This game feels rigged.

[@Terminus-y9v]

@NoNo-ng9sl It was back in 2012, and the area was just outside of Atlanta. The gentrification of the area wasn't the surprise, but the speed of it certainly was.

[@bsgvlog5640]

There are still plenty of starter homes out there selling for 250 but no one wants them because they're "too old and too small"

[@thekingofsas9407]

@@Terminus-y9v West side?

[@eduardomendes5220]

You have to look at gentrification neighborhoods or upcoming. Buy a rehab or vancant house for cheap and fix up little by little the way you want it

[@JacobPaula]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@MaryWilliamson-h2o]

In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.

[@Jeffery-f2e]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@Fred-w7t]

Could you possibly recommend a CFA you've consulted with?

[@Jeffery-f2e]

Her name is Jessica Lee Horst can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@Theodore-l2j]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@hadley407]

Homes aren’t being designed for individuals to own anymore. They’re being designed for corporations to buy and rent to individuals. Homeownership is just a dream unless you finance a piece of land and build a small home yourself. HOA also need to be outlawed because they are just another way to charge homeowners in perpetuity to own their homes. Home & rent price aren’t going to go down until people refuse to buy or rent by living in their car/rv or with family or friends or anywhere else.

[@J.a.v.i]

Agreed and another problem with HOAs are that Corporations are buying up multiple homes in a HOA communities until they have the majority of the votes so the corporations will call the shots.

[@hadley407]

@@J.a.v.i true.

[@Gob-is3sy]

We didn’t have this problem three years ago because our government didn’t give away 12 million homes largely taxpayer expense, and decimate the inventory of affordable homes… Also that they could import 12 million votes It makes me wanna cry because we’re never going to solve this because we’re not allowed to say what’s causing this, and it’s just going to cause more division and pain for people and the wrong people will be blamed and the cycle continues

[@Gob-is3sy]

This wasn’t a problem three years ago, what do you think ate up 12 to 13,000,000 affordable homes? It wasn’t private equity I promise you, you can look at the numbers, the affordable homes have gone to zero in this country because of a giant v*ter importation con They love it that you blame anyone and everyone except the government that is caused this problem. We are doomed. We are doomed because we can’t have conversations based in reality.

[@chuckgame4210]

No more HOA, the local city government is the HOA

[@Balboni-s8x]

You don’t want a house built in 50 days…

[@berlingray8058]

They’ve literally made illegal to build an affordable home. If it only cost $20k-$50k to buy land/build a home we wouldn’t be in this predicament. But purposely created all of these zoning and code laws to drive up the price of creating an average home. They don’t want housing to be affordable. Bc if it was affordable, then people would be able to move anywhere they want. It’s about keeping people separated based on class and also income/tax bracket.

[@larrypahl5756]

u r undereducated.

[@sdrc92126]

Why, it only takes about 3

[@CashisKingtrucking]

They need to build some normal size houses. I don't want a Mcmansion

[@Allofussurvived]

Theirs already enough homes only problem is their too expensive which means money is the problem, not homes

[@clee027]

We have plenty of homes. What we don’t have are affordable homes.

[@Robert-z8z1z]

In fact, the problem is 1 0 0 percnt due to massimmigration. Its simple math. Bring in milllions of new people every yr and they have to live somewhere. We don't need new homes, we need immmigrationrestrictions.

[@jamieholsey1106]

The problem is not availability but affordability. I live in Seattle metro area and we have tons of homes for sell but they are so expensive no one can afford them . A basic house going for 1 million is insane. It vary by region

[@ElyonDominus]

Capitalism is the root cause. Housing is an investment vehicle and therefore commodification happened. Now once you join the house club you are personally disincentivized from wanting new high density housing or even just things you think someone would devalue the home as an asset. Capitalism would rather a house sit empty than have someone in need live in it for free or cheap. Personally, profiteering off of such basic necessities seems pretty bleak to me.

[@TuckFinn831]

@@ElyonDominus I think you mean **crony capitalism** .. not capitalism. Government is in bed with the big banks and Wall St.. Harris wants government intervention to pump it even higher by 25k.. the government pumped it back in 2009 saving the banks (Obama could have saved the homeowners but didn't).. had the government not gotten involved, the banks would have failed and we'd have super cheap homes. That's capitalism. The problem is corpo socialism.

[@dawnfire82]

Does no school teach basic economics anymore? The less of something there is, the higher the price. The more there is, the lower the price. 'It's not the supply it's the price!' is fundamentally wrong.

[@gamesguy]

​@@ElyonDominushow is government regulation artificially increasing the cost of construction and limiting the number of new homes capitalism? Cities that ignore nimbys and let capitalism thrive like Houston has a ton of new construction and affordable homes.

[@jamieholsey1106]

@@dawnfire82 Your statement is basic knowledge. My comment is addressing greed . Listen I own a 2 story home here in Seattle Washington. I bought my house for 300K 6 years ago . If I was to sell my home now , I wouldn’t be able to afford later . We are living in homes we can’t afford lol . New homes are built monthly in my area but no one can afford them.

[@fr373969]

New house built these days have so much problems that you couldn't even imagine...

[@linwilllogan]

The real problem here is anti trust laws are not being enforced. These companies are to big!

[@CH-vm6cq]

That doesn’t really affect prices. Mom and pop builders are not going to solve the problem and they have the same issues

[@xx133]

@@CH-vm6cq”mom and pop” builders have nothing to do with this. This is a multi trillion dollar industry, mom and pop aren’t even on the radar, and far far less so following 2008. The only thing to offset this is to build not for profit public housing to flood the supply, provide good paying jobs and stabilize prices. Housing needs to be made into a non-speculative asset, otherwise there will always be a shortage of housing, since lower supply = higher valuations.

[@GOffUnit]

Yes, it's not as though bloated bureaucracies and excessive regulation are known to increase costs and slow productivity to a crawl. The problem is not too much regulation, it's too little! We need to make it so difficult and expensive to build houses that not even housing monopolies will be able to profit from it!

[@Rommie26]

No This video also forgets to mention the reason why housing supply is low is because we have so much illegal immigrants About 10 million clogging up all the housing, this increasing the prices

[@phillipellison4758]

@@Rommie26 you can also get off the internet , and go report the illegals to ICE.

[@kittimcconnell2633]

There are homes standing empty all over the USA. Why is that?

[@karnubawax]

SSHHHHH... you'll spoil the narrative!

[@MamaMeya]

@@karnubawax rich people own multiple houses, poor people have not even one

[@Ely-zf4yt]

Because they are in places nobody wants to live like Detroit.

[@joeschmoe21]

@@MamaMeya They are not 'rich'. They simply took loans. Federal Reserve prints TRILLIONs to inflate house prices. Here is how it works: You bank gives you a mortgage for 1 Million at 3%. Freddie/Fannie/FHA buys that mortgage from the bank at face-value, but lets them keep 2%. Powell (Federal Reserve) then buys the mortgager from Freddie/Fannie/FHA with freshly printed cash. Banks have zero risk. So they keep giving out as many mortgages as they can (they keep the 2%). Look up Federal Reserve H41 Current Release, scroll down to Mortgage Backed Securities, and you will see Powell is sitting on $2.6 TRILLION of mortgages he has bought. If you qualify for a loan, you are 'rich'. That's all.

[@sufiyogi]

@@Ely-zf4ytpeople want to live in Texas and Austin, Dallas and Houston all have surplus inventory. Your comment is not true🤦

[@ipimpin96]

The shortage is artificial, I’m a framer and my whole crew as well as many others I know have been struggling to find work this whole year, all the builders suddenly stopped building

[@JaxTheCartographer]

Builders can’t get acquisitions and entitlements take way too long. We need more zoned communities that builders can acquire with the zoning already there

[@carolr7823]

@@JaxTheCartographer NO! We need less zoned communities that builders can destroy.

[@benjamindover4337]

​@@carolr7823then what do you expect people without homes to do?

[@Rasaiel]

Lending rate is the main issue now. Companies can't get enough money to start a project. Of course there are also long term issue affecting this

[@myobmyob2215]

Lumber is back down to pre plague prices. There is no res construction maintenance or improvement. So if there is none in the big city and none in the small city wheres the boom town? A whole industry MIA

[@brandonsanders2205]

We build hugely unwalkable cities with little to no proper public transit options. Everybody believes they need 3000, 4000 sq ft to live

[@Allaiya.]

And cities that want to build more dense housing or mixed use get a ton of pushback from SFR homeowners.

[@Misaka-gt5yj]

DMV wouldn't want proper public transit options

[@treborrelluf]

@@Misaka-gt5yj be more cynical

[@lifesblood]

And a 2 car garage with a front and back lawn

[@Rommie26]

This video also forgets to mention the reason why housing supply is low is because we have so much illegal immigrants About 10 million clogging up all the housing, this increasing the prices

[@JessicaKeith-uj1jq]

I'm eagerly looking forward to a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also considering investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen significant trading profits, but there are concerns about the market's instability and the chance of a dead cat bounce. Could you explain why this market phenomenon occurs?

[@LeahLewis-ny9iu]

Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.

[@ChloeCarter-kd7gz]

In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.

[@ChloeCarter-kd7gz]

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[@LeahLewis-ny9iu]

I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.

[@beverly9486]

There is not a housing shortage. We can’t afford the ones available. 😂

[@mrbloodmuffins]

The prices indicate a shortage.

[@womanofmystery24]

@mrbloodmuffins the prices reflect the amount of money in our economy, especially in places like Austin and Seattle, with thousands of highly paid tech professionals able to bid up prices.

[@mrbloodmuffins]

@@womanofmystery24 and because Austin built more homes to relieve the supply crunch, house prices and rent started to drop.

[@patrikpass2962]

@@mrbloodmuffins The prices are inflated because the inflation money the rich has gain has to go somewhere.

[@janetmartin9372]

It costs masivly to build. They can't build them and then sell for less than it cost.

[@x-men69-96]

They always build 0.5M ish big houses. Who has the money to buy? We need an affordable housing instead

[@anthony560]

To purchase a building lot, permits and materials to build a home you are already well into $200-300k+ before considering labor costs to actually build it. Then you have to factor in some profit for the builder, you are well into $450K+++. I built my own home 100% myself on land that I already owned, and a modest 1600sqft home cost me just shy of $350,000.

[@x-men69-96]

@@anthony560 build row houses. Small

[@dllemm]

Lucky with 500k, houses are over 1M here.

[@francismarion6400]

Carpenters need to make $100 hr. so not sure if you can afford that.

[@x-men69-96]

@@dllemm I said 0.5M ish. lol

[@whatthef911]

Japan reformed their zoning laws in the late 60's. Today Japan builds more housing each year than the population increase, homeless rate in Japan is close to zero and affordable housing is abundant.

[@ericschneider8524]

I believe that in Japan the government owns all the apartment buildings so they can control the economy more decisively. They build buildings just to create construction jobs when necessary.

[@ericcomp7032]

The salary paid to framing Carpenters isn't enough for them to afford their own home. I can build them for you but I can't have one. SMH

[@MrSteeDoo]

So why don't the framers build their own houses? I did.

[@MalcolmRose-l3b]

Isn't that part of the problem that the video didn't address? Modern US houses are built using essentially the same methods as 200 years ago - methods originally developed to throw up warehousing as cheaply as possible. Why not do all the basic construction on an assembly line, transport the building components by train and truck to the site where they're assembled. The only large on-site work would be digging out a foundation, laying the slab and connecting services. Think of the advantages - build the house in a factory and you don't have delays because of weather, the house can be built to finer tolerances, you don't need to mess around with as many local sub-contractors, delays in deliveries and all the other stuff that holds things up. You might have a reduced design choice but apparently that's already a thing. Or just look at the Sears Homes catalog from the Twenties and Thirties - multiple design choices and upgrade options with pre-cut components shipped to a local buyer, or builder to assemble. And all done long before laser measurement, computerized stock control etc. A hundred years later and we're back to a bunch of tradesmen doing everything onsite. It's kind of depressing when you think about it.

[@antoineclaiborne3008]

People complain about not making a livable wage but when tradespeople ask for more money it’s a problem.

[@ericcomp7032]

@@antoineclaiborne3008 I framed single family homes in Lancaster PA for $16hr where the average new home cost $800k. It's the cruelest of lives to be homeless and building homes for the wealthy. America 2024

[@antoineclaiborne3008]

@@MalcolmRose-l3bthe construction industry is a fickle thing. The “I’ve been doing this for 30 years…” mentally has hindered a lot of builders from making progress. We lag behind every other industry yet the technology has existed to make progress for a long time. For example, we’ve had building scientists talk about indoor air quality for decades yet most people only got an air purifier in 2020. If you ask a random builder their HERS rating, will they have an answer? The average builder is going to take the path of least resistance just as some many other parts of society.

[@TrinhNguyen-vi2qo]

The $25,000 would do nothing, but only increase home price, but the tax credit for homebuilders to build starter homes. WOW, very smart idea.

[@MrSteeDoo]

What is your solution?

[@Matthew-rp3jf]

You must own a home already. It helps first time homeowners compete against people who already have insane equity that wouldn't get the credit. Would it increase prices..yes..Not by 25k though.

[@karnubawax]

@@Matthew-rp3jf No... it would be a LOT more.

[@f0xixtaiail2000]

Build approximately 3 million starter homes over a 3 year period, but bring in 10 million people a year. Do the math!

[@Cyrus992]

This is from consequences of failing to address and solve the late 2000s financial crisis

[@sdrc92126]

The roots go back 140 years and a plan

[@Cyrus992]

@@sdrc92126 right but it wasn’t so bad until 25 years ago

[@sdrc92126]

@@Cyrus992 Slowly at first for the roots to take hold, then all at once. It's the fabian strategy, really a return to a monarchy

[@Cyrus992]

@@sdrc92126 ok

[@metamorphic75]

The homes being built (for sale) are too expensive and interest rates are too high. In my area, Toll Brothers is building homes at a rapid pace, but these are homes *starting* at $800K and even the new rental units are starting *above* existing market rate. A correction is needed in both cases - the fundamental of economics says that with the increase in supply, this should force prices downward. Hopefully we see this play out within the next 3-5 years.

[@paulmartins9182]

The question is why can't America build affordable housing?

[@leotimtom6637]

Because they want to maximize profits at all costs until there is nothing left of US.

[@karnubawax]

There's no money in it.

[@ericschneider8524]

Bingo ! Carter's " Habitat for Humanity " program was very successful for young families with limited financial options. What ever happened to that program ?

[@bowwm0912]

inflation

[@RicoLamar987]

Maybe if Wall Street & private equity firms stop buying them & turning them into rentals there wouldn’t be a shortage

[@Gob-is3sy]

Black rock owns 55K homes, look it up. This administration has given away 12 million that’s 12-000-000 million. I’m so tired of this iteration of the left, making all of these awful decision and then blaming everything but themselves

[@theyhateme8763]

how about the 30 million illegals driving the housing shortage?

[@tek1645]

Not one mention of NIMBYs? None of these points matter when the local population itself doesn't allow any housing to get constructed.

[@elenaw9555]

yeah and NIMBYS are the people who show up to these planning meetings :(

[@zen1647]

Very short mention at 10:05 of a Trump conspiracy that Democrats will end zoning. Trump appears to be arguing that removing zoning would cause property prices to collapse- also known as making housing affordable.... 🙄

[@karnubawax]

That's because it's a non-issue.

[@zen1647]

@@karnubawax Not sure what you're on about. NIMBYs are a huge issue preventing more homes being built.

[@jason41144]

People that own property are rich. They view property as an investment. They don’t want more houses built, because that will lower the value of their properties. Wealthy property owners want housing to remain scarce so they can keep making more money on their “investment“. Housing will remain scarce with high prices indefinitely.

[@RealSerie26]

People complain about home prices, but keep buying 3,500 sf houses. Back in 2020, the government should've also put a freeze on foreign investors and corporate landlords buying single family homes. It's amazing the stuff we fail to do.

[@baikeiast5255]

Everything in usa is for sale😅😅😅😅

[@randysangarr]

now they're called "mini homes"

[@MrSteeDoo]

I can start a corporation with a couple hundred dollars. Are you going to outlaw me from building ONE extra house?

[@DeadAir21]

Corporate landlords and foreign investors make up such small percentage of homebuyers that even if they did it wouldn’t make much difference. We still haven’t been making enough homes to meet demand. The Pandemic also caused a shock to the system. Everyone that could bought a home with some overpaying because borrowing was cheap in 2021. But now that rates have almost 4x since then and home pricing shot up, people who would typically buy up to a bigger home over time probably won’t because they don’t want to lose their cheap interest rates.

[@timothygibney159]

These are 1499 sq ft starter homes that are 500k. Not McMansions! It’s insanity I make 100k a year and can’t get a starter under 2700 a month

[@joannlarson6386]

Oh look at those massive homes people cannot afford.

[@lensmanicfeleven1847]

...but People From CHINA Can Afford.....

[@astrahcat1212]

You mean they aren't building enough CHEAP homes, what we need as a nation is to go on a gigantic manufactured home spree. Cheap, easy to build, a small manufactured home for everyone

[@cadrollhunting3564]

Until the late 1980s the US Government was actually the by far biggest builder of houses in the country, Reagan put a stop to that and that was the start of inflating housing prices. That is what we have to get back to, the government has to start building affordable housing at scale that does not enter the open market, but gets distributed towards lower income families.

[@sunset3052]

We need to help out low income families

[@5lanediver]

private equity and lack of competition is a massive issue. private equity doesn’t have a place owning private homes

[@XOPOIIIO]

The larger businesses are, the harder it is to compete for smaller players, the better it is for consumers. Anti-trust legislation was created to protect businesses, not consumers.

[@halfxyou]

So the fact that houses are unaffordable isn’t a factor? People can’t afford new homes. That’s the story. That’s it. The story still changes though, somehow.

[@RoyalKingOliver]

I mean this issue could be fixed if we had mixed use zoning for various types of households, incomes, and families. Street planning is underrated when it comes to fixing the housing problem

[@carolr7823]

Single family home zoning should be enforce. High density and mixed use housing ruins an area.

[@nick37781]

@@carolr7823 is this comment sponsored by the rnc?? lmfao

[@bwofficial1776]

@@nick37781 Not at all. I worked to have my own four walls and a nice yard. I don't want my neighbor to be all up in my business. I don't want businesses on my street with people coming and going all day. I like my quiet suburb.

[@ssgg23]

@@bwofficial1776I find neighbors are more up in my business in neighborhoods with single family homes, because they have more vested interest in the “neighborhood character”. The most annoying neighbor I ever had as a homeowner was the one I lived the furthest away from and didn’t share a wall with lmfao. Having a separate structure won’t save you from the neighborhood busybodies.

[@fatherof4kids]

Also pushing college instead of trades has caused a shortage in construction labor.

[@ricnyc2759]

And BlackStone will buy all of them to rent.

[@ibizawavey8630]

finally someone with a working brain.

[@zcorpalpha2462]

Hope so 😂 God Bless BlackStone

[@phil42]

Correction: Blackstone will buy them up, raise the rent and make it so no one can afford to live in them. Can't have those messy peasants ruining your investment property 😅

[@RealSerie26]

Exactly! A law needs to be put in place to prevent that from happening first.

[@Rommie26]

That’s so not true This video also forgets to mention the reason why housing supply is low is because we have so much illegal immigrants About 10 million clogging up all the housing, this increasing the prices

[@ImportedFromSerbia]

Wrong title! The US can build homes fast enough, but people can no longer afford homes. That's the problem. The builder doesn't build the house unless you sign the papers. Homes are ridiculously expensive across the US, plus property taxes are thousands of dollars a year. Primary homes should be tax-free or at least very low, but the next home owned should be highly taxed.

[@richdobbs6595]

Property taxes pay for schools, parks, roads, and police. Should these be paid for by people who can't afford to live in a house?

[@KimberlyO.Kitchens]

Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every KZbin video says "BUY, BUY!" but when and how do I sell for profit at the right time?

[@JasonB.Chisolm]

Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions

[@heatherj-o5j]

The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.

[@KimberlyO.Kitchens]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@heatherj-o5j]

Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Saviourtina-c4i]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@Recovering_Californian]

Government subsidizes education through student loans. This caused an explosion in college tuition. If government gets involved in subsidizing houses ($25K) it make homes even more unaffordable. Government is almost never the solution and is almost always the problem.

[@claytonmorada]

The biggest cause of state school cost going up is the shift from mostly the state then the federal government reducing their subsidies then shifting that cost to the students. Baby Boomers college education was heavily subsidized.

[@karnubawax]

Yup. Funny how the things in our economy that have gone up the most are exactly those things subsidized by the government!

[@jesseandmorganboone9709]

Trust me you do not want them to build them faster.

[@ssgg23]

Yeah not those crappy McMansions that are built in the middle over nowhere, probably on a floodplain, on some endangered turtle habitat probably lol. Plenty of underutilized space closer to cities that we should be focusing on, like those stupid Walmart parking lots lol.

[@8964-Winnie-Poo]

build 100 floor apartments in downtown areas, replace old unused offices

[@rack9458]

Go for it Winnie! Why does govt need to do this for you?

[@silverbird425]

You'd have to tear down the buildings. Offices aren't plumbed for housing, and that's just the start of the issues.

[@DanReiki]

The bigger problem is we need AFFORDABLE housing a d the developers are nott interested

[@fluxcapacitor1621]

Local governments aren't interested. They mandate single family homes and restrict housing density because they only want wealthy people.

[@chico205]

It's not developers it the government with the b.s zoning laws

[@ibizawavey8630]

No such thing. What you're referring to is called co-op or rent to income geared homes lol and they stopped building those in the 70s.

[@x-men69-96]

Right, they always build 0.5 big houses. No 1 has the money to buy it

[@silvermine2033]

Deport tens of millions of illegals and housing costs will come down.

[@annoyedok321]

Plenty of homes where there aren't jobs

[@kandkpop]

Here's an idea: Suppose for a moment that there were perhaps 15-20 million people in the US that just walked across the border and expected free housing. Could that possibly be a contributing factor?

[@jonathanjacques7250]

😂

[@addanametocontinue]

How the hell are 400K builders only able to manage 1.5M homes a year.

[@domisbrowsing]

Permits

[@antoineclaiborne3008]

Small builders can’t put out quantity and large builders can’t/don’t put out quality. There’s a lack of skilled workers to produce said houses. Zoning laws very by town in pretty significant ways. Lots are expensive in some areas. Permits are expensive, some jurisdictions have months of backlog. There are many hurdles to overcome.

[@jasonfavrod2427]

Good point. That's less that 4 homes per builder and the report states that most of the building is happening in markets where market share is dominated by the big 10.

[@benjamin7114]

The art of doing less, making more longer.

[@RinoaL]

Oh it can build them, and does, but good luck getting into one. Also houses are too big. The builders are focusing too much on luxury when we need practicality.

[@MangosInTrees]

And these national home builders just make townhomes/condos or any other kind that charge you 200-500 a month for an HOA

[@GhostLyricist]

Doesn't CNBC get funding from these same corporations buying up all these houses?

[@karnubawax]

That would certainly explain it

[@mtnmover7794]

There is many empty houses and most just can't afford them

[@jgg204]

If local government allowed higher density, builders will build. It's more cost effective for them to do so. But they can't get zoning and variances approved, and NIMBY'ers shout down commissioner hearings to protest higher density communities

[@carolr7823]

Higher density means low quality of living and destroys neighborhoods and cities.

[@weirdshibainu]

So.....do you want higher density in your neighborhood because there's an empty lot? No you wouldn't

[@jgg204]

​​@@weirdshibainu my street has a handful of twins already . If there was 1 empty lot I would have 0 problem with a builder doing a twin or 3 or 4 rowhomes

[@weirdshibainu]

@@jgg204 how about a 5 story 100 unit? What you described isn't "high density "

[@jgg204]

​​@@weirdshibainu I said higher density. I never said a 100 unit condo building on (1) residential parcel. Twins, rowhomes, 2-4 unit residential. They used to be very popular in the 50s-70s. Then they stopped allowing them

[@Native722]

$25,000 will increase price of house.

[@Hasanaljadid]

But building more Homes will make it cheaper

[@davidbeppler3032]

So, if the Gov taxed all new homes by $25k the price would go down?

[@wmtrader]

The median house price in San Jose is $1,400,000 and the median house price in San Francisco is $1,300,000

[@Cyrus992]

Homes in San Jose are larger and newer

[@swampwiz]

I'd easily pay $1300 or $1400 for a house there!

[@wmtrader]

@@swampwiz - too late, the price just went up

[@DakotaFord592]

Scam. There are plenty of homes already. The issue is that they MUST be rented out for profit!!!!

[@crashingatom6755]

Let’s not forget that there’s barely any builders left, and if they trickle out supply they made massive margins. There’s zero incentive to build mixed housing on a large scale, because profit is all that matters.

[@Lordjerm78]

They also need more inspectors that will hold the builders accountable when they build new homes.

[@mikec7220]

Average home in florida and I just spend $40k on roof and $20k on 2 AC units, Most people need to be renters, home ownership is a waste of money.

[@trevorellis-guice5794]

40k on a roof you got robbed

[@lifeinluxe]

Depending on the market, this is absolutely true. It's cheaper to rent than to own in high-end markets.

[@drscopeify]

Rental is usually a waste of money, every payment made and yet no valuable asset to own? No thanks. I bought my house in 2012 in Seattle, you can see the change in value over that time span

[@ssgg23]

@@trevorellis-guice5794it doesn’t even cost that in the northeast and labor is notoriously expensive here. Either you have a ridiculously large roof or you’ve been had.

[@antoinettegarcia2601]

Home owns are federal tenants ....

[@YogiTD]

This episode sponsored by Wall Street 😂

[@ghuff31]

Greed. Fix greed...if you can.

[@PS-zw4yc]

Then you go give your time to resource materials and build the home? Building codes are excessive and zoning laws are nuts and no one wants to work. Then we have about 18 million illegals who just came in all looking for housing. There is a shortage already

[@gtwentyeightclub887]

What really caused the housing crisis is investor activity fueled by the FED's interest rate policy of zero (AKA money printing) during and after covid. Interest rates were kept too low for too long, and it resulted in speculation, and it is obvious this drove prices in residential real estate more than any other cause. The focus on housing shortage is a self-serving narrative of the real estate industry. If the Fed is going to provide cheap money, it should not allow for it to be spent on residential real estate as an investment. That would solve our housing problem quickly.

[@musicsound1120]

There is plenty of houses. The problem is that they are being hogged by corporations and wealthy individuals.

[@ericschneider8524]

So you think that the greedy corporations are buying up all the overpriced houses so they can hold them for three to five years ?

[@lensmanicfeleven1847]

...and SOLD to BUYERS from ASIA and EUROPE....

[@Dangic23]

So weird that people buy a house with a 30 year mortgage, to raise a family and live in for many years, but think of it as an investment.

[@bwofficial1776]

Why wouldn't they? If they're holding onto something for that long, I'd hope it would be worth something at the end.

[@123lowp]

30 year YOLO on real estate is why prices are high

[@123lowp]

Get rid of mortgages and prices drop

[@nickvin7447]

Do you know how many brand new homes are sitting empty with huge incentives and still no one wants them? I do.

[@rack9458]

Because the sky high mortgage rates killed the housing industry.

[@nickvin7447]

@@rack9458 So did investor greed, I should know, I am a huge real estate investor.

[@egx161]

Not just under building, but price fixing. Real Page has decimated the rental market.

[@stevenap4594]

We aren’t building enough homes? How come there are a bunch of entirely vacant new neighborhoods? 😆

[@basslover1345]

I don’t know where did this information come from.

[@ISpitHotFiyaa]

Where?

[@karnubawax]

@@ISpitHotFiyaa All over Riverside and that area. Vegas as well.

[@Sheenasalesthriftytreasures]

Close the boarder!!!

[@tianlechen]

Putting more money into home buyers does NOTHING to make companies less anti-competitive. All it does is put more money in their hands. Same thing as low interest rates.

[@Screaming_Fly]

Even if they could build them fast enough, nobody can afford them anymore

[@MX-CO]

Bingo

[@unniq36]

1. Implement policy that regulates big corporations from buying all the existing single family homes and driving up prices! Neither candidate has addressed that. 2. Regulate this oligopoly of new home builders from having a strong hold on the market and making cheaply built overpriced cookie cutter homes! 3. Invest capital in better programs/incentives that help first time home buyers and rehabs for individual buyers/owners. 4. PUT TIGHER RESTRICTIONS ON CORPORATE GREED!!!

[@vtwinxtreme]

Our government is for big corporations. It’s going to be hard but not impossible

[@unniq36]

@@vtwinxtreme there lies the problem creating this vicious cycle. Who’s policing the government?

[@hugoglenn9741]

Dumb liberal, it’s Calpers, etc buying Apartments more than Single family

[@Mrkevi123]

Kamala Propaganda. 25k credit will only make things worse.

[@swampwiz]

It won't make things worse, but it will just mean $25K into the pockets of property owners, courtesy of the American taxpayer.

[@eliso5973]

Because big corporations want to create shortage in order to raise the price.

[@devanshsanghavi9999]

It is due to US protectionism people have to bear brunt of wrong decision making. US tells other countries to reduce trade barrier & protectionist policy but they ignore that they are doing same. Now due to lack of competition price of home are rises and so is mortgage debt which is creating bubble once again. It is in every industry example is Auto due to lack of competition in home country they can't sell their cars or compete regional player in other countries due to high cost, lack of innovation.

[@NunYa953]

Politicians are the problem, not the solution.

[@den4199]

because it's not "profitable"

[@SasquatchPicker]

We really need to start diversifying the shape and style of architecture being allowed by zoning laws. I am sick an tired of the US building the same mass produced IKEA type homes. Please build in style like we did in the 80s and 90s.