How do we solve the housing crisis in America???
Most Popular Reply
Henry ClarkPro Member
Developer · Member since 2020 · 4k+ posts · 4k+ votesAlways start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?
By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?
Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.
360,000,000 people.
How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?
Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.
160 Replies
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Logan M.:
I have felt drawn to investing in Mobile Home Parks partially because I feel like it allows me to have an impact by providing affordable housing.
What I want to know is if there is a real solution to the unaffordability of housing in America.
I see grant programs and government assistance but it seems like it just inflates to problem.
Is the answer that we just need more housing units? What am I missing?
by removing all regulation, all building code, liberalization of permit, no zoning at all... Yuhhhuuuu :)
Quote from @Account Closed:
Quote from @Dan H.:
Quote from @Account Closed:
Quote from @Henry Clark:
Always start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?
By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?
Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.
360,000,000 people.
How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?
Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.
Or we could just admit that the realtors, lenders, and investors milking people dry and exploiting every law, ordinance and misguided government policy they could get their hands on was the problem.
Seems like you are anti capitalism.
Capitalism strives to maximize profits within the laws and regulations. This implies realtors, lender, and investors strive to maximize profit no different than the butcher, plumber, electrician, etc. The market will dictate their ability to earn money. Those that recognize how to build wealth often will, but they could choose to be philanthropic. They should not feel guilty making what they can anymore than the plumber should feel guilty about charging a rate that the market will pay.
There are communist countries that people are not paid on the market value of efforts. I have an aunt that was a national ballerina and her husband ( my uncle) was a film director in a former communist country. In the US these skills would have provided good/great wealth. They lived a fine life style, but not far above the lifestyle of lay people.
I have a friend that when various communist countries converted to capitalistic markets tried to hire some of these workers. The workers were used to not producing. He could not use them.I choose to be a fan of capitalism. I choose to be on BP to help budding RE investors succeed. Why are you here?
We haven't had actual capitalism in this country for decades, with everyone running to the gov to get bailed out everytime they screw up or need help. So spare me the capitalism crap in defense of greed run amok.
Bottom line is, the OP asked about solving the housing crisis in America. Some choose to argue there isn't one to begin with. For those who feel there is, you might want to look at the people involved in pumping up the prices to absurdity over the last decade.
Not hard to figure out who there were/are, and squawking about capitalism like a parrot to justify it all does zero to address this situation.
Bs. Capitalism occurs when you recognize the opportunities. The bailouts do not negate capitalism. Capitalists recognize opportunities of low interests rates, government policies, bailouts, etc. it is what capitalists do.
Those that whine about capitalist leveraging the policies are depicting an anti capitalist perspective.
Using the word greed again depicts an anti capitalist perspective. Maximizing profit is what capitalist do. Any philanthropic tendencies should be separate from a business/profit perspective.
I question if you understand the site you are on and why most people are on this site.
Best wishes
- Member since 2015 · 54 posts · 88 votes2y
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
Just because I offered only one potential solution doesn't mean I think the problem has just one cause.
But do you agree that if we deported the 10+ million people who are here illegally that it would help the problem of housing affordability?
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Palmer Thomas:
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
Just because I offered only one potential solution doesn't mean I think the problem has just one cause.
But do you agree that if we deported the 10+ million people who are here illegally that it would help the problem of housing affordability?
You should remove everyone as everyone is immigrant, then you're left with the Indian, sorry, just saying.
I don't mind some of us going back to Nicaragua or Brazil, but then some of you leaving to Ireland or Australia too LOL
- 2yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
Quote from @Carlos Ptriawan:
The Indians were immigrants as well. There are no native peoples. It just depends on the timeline one chooses. :-)
- Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes2y
The only solution is the inevitable, the bubble popping, and prices coming back to earth.
Homeownership should not be as easy as buying a piece of gum from the grocery store. It should be something that everyone strives to work towards.
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Bruce Woodruff:
Quote from @Carlos Ptriawan:
The Indians were immigrants as well. There are no native peoples. It just depends on the timeline one chooses. :-)
hahaha I like the answer, so it's like Mars before Musk going to arrive there :-)
- Member since 2015 · 54 posts · 88 votes2y
Quote from @Carlos Ptriawan:
Quote from @Palmer Thomas:
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
Just because I offered only one potential solution doesn't mean I think the problem has just one cause.
But do you agree that if we deported the 10+ million people who are here illegally that it would help the problem of housing affordability?
You should remove everyone as everyone is immigrant, then you're left with the Indian, sorry, just saying.
I don't mind some of us going back to Nicaragua or Brazil, but then some of you leaving to Ireland or Australia too LOL
Lets start with the people here illegally and see how it goes from there. - Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes2y
Build more housing, a lot more.
District Invest Group545 Reviews - Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes2y
I love the "15-Minute Neighborhoods" idea, where localities evolve to choose a few common-sense areas within the community to alter zoning to allow more multi-function with a range of more affordable housing like apartments, multi-family, condos, townhomes, etc., side by side with medical offices, markets, salons, cafes, etc., where people can easily get to daily life activities without driving. When planning new development, localities should consider promoting this instead of constantly approving more single family detached with large yards further and further out, destroying agricultural areas and filling in wetlands just to accommodate more people.
- Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes2y
Renovating more existing vacant homes like they do on Bargain Block would be a good start. They improve neighborhoods and resell individual homes to 1st time buyers at a fair price.
Gotta be a way to better optimize many of the vacant and underutilized housing stock out there. It minimally numbers in the hundreds of thousands. Local municipalities could and should assist in their own rejuvenation, partnering with conscious capitalists.
On one hand we're seeing an affordability crisis. On the other a windshield cam video showing blocks and blocks of underutilized houses. Get creative already.
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Account Closed:
Since Nicaragua and Brazil are very troubled countries, that everyone wants to leave, maybe we should annex them and make them part of the USA.Quote from @Carlos Ptriawan:
Quote from @Palmer Thomas:
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
Just because I offered only one potential solution doesn't mean I think the problem has just one cause.
But do you agree that if we deported the 10+ million people who are here illegally that it would help the problem of housing affordability?
You should remove everyone as everyone is immigrant, then you're left with the Indian, sorry, just saying.
I don't mind some of us going back to Nicaragua or Brazil, but then some of you leaving to Ireland or Australia too LOL
Lol , Brazil has very strong trade surplus recently :) and Mexico too…..
they are growing faster than United States. - Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Russell Brazil:
Build more housing, a lot more.
I much smaller space such as 800 sqft …..:
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Steve Vaughan:
Renovating more existing vacant homes like they do on Bargain Block would be a good start. They improve neighborhoods and resell individual homes to 1st time buyers at a fair price.
Gotta be a way to better optimize many of the vacant and underutilized housing stock out there. It minimally numbers in the hundreds of thousands. Local municipalities could and should assist in their own rejuvenation, partnering with conscious capitalists.
On one hand we're seeing an affordability crisis. On the other a windshield cam video showing blocks and blocks of underutilized houses. Get creative already.
The easiest solution for unaffordabikity is to just build much more houses with much smaller space …
Everyone can afford 750 sqft 2/1 setup SF. but not 2600 sqft lol
- Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes2y
Quote from @Account Closed:
Your Comment: "Renovating more existing vacant homes like they do on Bargain Block would be a good start."Quote from @Steve Vaughan:
Renovating more existing vacant homes like they do on Bargain Block would be a good start. They improve neighborhoods and resell individual homes to 1st time buyers at a fair price.
Gotta be a way to better optimize many of the vacant and underutilized housing stock out there. It minimally numbers in the hundreds of thousands. Local municipalities could and should assist in their own rejuvenation, partnering with conscious capitalists.
On one hand we're seeing an affordability crisis. On the other a windshield cam video showing blocks and blocks of underutilized houses. Get creative already.
Can't do that. We're too busy spending billions on aircraft carrier groups and the next sexy line of fighter jets. National debt Interest Payment went to $1,000,000,000,000 in interest - at $300,000 a house that would build 3,300,000 houses. That would not be a good investment, ask the current administration. It's more fun to throw money at the homeless in Seattle, Portland, L.A., New York and on and on by giving them free needles for drugs. And giving $100 billion to Iran, Just looking at numbers of what's been going on for the last few years.
Housing is obviously not an issue in the USA.Disappointed in this, Ken. You're usually pretty creative, under all of your aliases.
I'm talking about grass roots small community partnerships or ventures with investors that 'can't find any deals' for people that 'can't afford a house' as they drive past blocks of both.
Got nothing to do with the national debt, Iran or aircraft carriers. On the federal level though, Fannie and Freddie could have property condition exceptions to aid funding loans for said distressed houses.
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
It may hurt peoples feelings but tens of millions of immigrants in the last few years can't be a good thing for housing. You may not like his tone but it's probably true. And RFK and even Elon musk mentioned after actually going down to the border that not a single person was there for amnesty, but for economic opportunities. I'm assuming economic opportunities means welfare and other social benefits. The only legit amnesty immigrants in America that I know of are the Iraqis and Afghans that helped us destroy their country for the last 20 years and now their brothers are pissed.
- Member since 2019 · 7k+ posts · 4k+ votes2yI want to volunteer leaving actually, but to Maldives LOL
Quote from @Palmer Thomas:
Lets start with the people here illegally and see how it goes from there.Quote from @Carlos Ptriawan:
Quote from @Palmer Thomas:
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
Quote from @Palmer Thomas:
The solution is simple. America just needs to enforce its existing laws.
We currently have over 10 million illegal immigrants living in the US. These criminals are taking housing away from Americans and driving up prices. We simply need to deport them and housing prices would become much more affordable.
For some reason this obvious solution is never even brought up as a possibility.
Because it's INSANE!
Deporting 10 MILLION people.... ok "Mein Führer", exactly how do you propose to logistically do that? Squads roaming the street's, grabbing people, loading onto trains?
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
Quote from @Carlos Ptriawan:
I want to volunteer leaving actually, but to Maldives LOLQuote from @Palmer Thomas:
Lets start with the people here illegally and see how it goes from there.Quote from @Carlos Ptriawan:
Quote from @Palmer Thomas:
Funny you say that, I'm heading to the Seychelles here after new year.
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
How about this @Steve Vaughan;
Creation of "Henry Mae"; to create finance liquidity and solutions unto the Single Family 1-4 unit real estate investor/developer segment.
Empowering housing access and affordability initiatives via housing development and redevelopment in both conveyance for end users in rental and targeted home ownership classifications of under meet and at-risk segment's.
Everything start's at the financing level, liquidity, right. Create the system to provide the liquidity, to than "steer" that liquidity for the use in the intended way's, for intended targeted end user segment's.
Via such a system very little infrastructure is required as it is deployed via existing mortgage lender/originator networks pre-existing.
In short, 98% of everything needed is pre-existing.
And cost would be nominal, leaving plenty to keep doing "aircraft carrier groups and the next sexy line of fighter jet's" because it's the sale of the MBS that "fund's" it all and cost is limited to creation of the agency of oversight, which as others have done can later be privatized.
Provide the liquidity, with the fence's, things get done via the market doing it.
This is how Fed Gov is supposed to work, not pouring out more tax $ to do the whole of it.
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Account Closed:
Quote from @Dan H.:
Quote from @Account Closed:
Quote from @Henry Clark:
Always start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?
By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?
Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.
360,000,000 people.
How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?
Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.
Or we could just admit that the realtors, lenders, and investors milking people dry and exploiting every law, ordinance and misguided government policy they could get their hands on was the problem.
Seems like you are anti capitalism.
Capitalism strives to maximize profits within the laws and regulations. This implies realtors, lender, and investors strive to maximize profit no different than the butcher, plumber, electrician, etc. The market will dictate their ability to earn money. Those that recognize how to build wealth often will, but they could choose to be philanthropic. They should not feel guilty making what they can anymore than the plumber should feel guilty about charging a rate that the market will pay.
There are communist countries that people are not paid on the market value of efforts. I have an aunt that was a national ballerina and her husband ( my uncle) was a film director in a former communist country. In the US these skills would have provided good/great wealth. They lived a fine life style, but not far above the lifestyle of lay people.
I have a friend that when various communist countries converted to capitalistic markets tried to hire some of these workers. The workers were used to not producing. He could not use them.I choose to be a fan of capitalism. I choose to be on BP to help budding RE investors succeed. Why are you here?
We haven't had actual capitalism in this country for decades, with everyone running to the gov to get bailed out everytime they screw up or need help. So spare me the capitalism crap in defense of greed run amok.
Bottom line is, the OP asked about solving the housing crisis in America. Some choose to argue there isn't one to begin with. For those who feel there is, you might want to look at the people involved in pumping up the prices to absurdity over the last decade.
Not hard to figure out who there were/are, and squawking about capitalism like a parrot to justify it all does zero to address this situation.
True,
in reality the USA is full of socialism …If you want to feel the actual capitalism go move to Kenya or Nigeria
without socialism there is no 30 years mortgage program , the socialism has been there for so long that makes people spoiled , they just realized the world reality in last two hours that to gain something they have to work hard like the rest of the world - Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes2yLove it! This the kind of creative solution is what we need to be throwing against the blackboard.
Quote from @James Hamling:
How about this @Steve Vaughan;
Creation of "Henry Mae"; to create finance liquidity and solutions unto the Single Family 1-4 unit real estate investor/developer segment.
Empowering housing access and affordability initiatives via housing development and redevelopment in both conveyance for end users in rental and targeted home ownership classifications of under meet and at-risk segment's.
Everything start's at the financing level, liquidity, right. Create the system to provide the liquidity, to than "steer" that liquidity for the use in the intended way's, for intended targeted end user segment's.
Via such a system very little infrastructure is required as it is deployed via existing mortgage lender/originator networks pre-existing.
In short, 98% of everything needed is pre-existing.
And cost would be nominal, leaving plenty to keep doing "aircraft carrier groups and the next sexy line of fighter jet's" because it's the sale of the MBS that "fund's" it all and cost is limited to creation of the agency of oversight, which as others have done can later be privatized.
Provide the liquidity, with the fence's, things get done via the market doing it.
This is how Fed Gov is supposed to work, not pouring out more tax $ to do the whole of it.
Henry Mae and fences. Worthy of repeating for my 10,000th post👍 - Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
Quote from @Account Closed:
Since Nicaragua and Brazil are very troubled countries, that everyone wants to leave, maybe we should annex them and make them part of the USA.Quote from @Carlos Ptriawan:
Quote from @Palmer Thomas:
Quote from @George Red:
@Palmer Thomas Reminds me of an old Native American proverb... "If we could just get rid of these immigrants everything would be better"...
Typically when someone tries to boil down a nationwide multi faceted problem down to "get rid of the immigrants" they're (in this case it applies to you) very wrong. It's complex and there are a lot of players and reasons. If it was easy someone would have solved it already. I suggest you do some basic internet searches as to the causes of the housing affordability crisis, it will include themes such as government policy, capitalism (who is often paying immigrants as cheaper labor), international unrest (which immigrants are often fleeing from), investors inflating prices, people looking for affordable housing not wanting to live where there actually is affordable housing), high interest rates, general inflation and more. All of those things blend together to provide the reasons why, it's not one thing. This guy with a bad comb over that was found to have commited fraud recently has a bad habit of trying to make complex things too simple, complexity is ok, it's part of life.
Just because I offered only one potential solution doesn't mean I think the problem has just one cause.
But do you agree that if we deported the 10+ million people who are here illegally that it would help the problem of housing affordability?
You should remove everyone as everyone is immigrant, then you're left with the Indian, sorry, just saying.
I don't mind some of us going back to Nicaragua or Brazil, but then some of you leaving to Ireland or Australia too LOL
Brazil.... are you high or something? Do you not know ANYTHING factual about Brazil?
5th largest country in the world by land and 7th by population. 9th largest military on the planet, #1 in Latin America. #1 economy in Latin America, #10 in the world by GDP. Population of 215m+. And you say "Annex Brazil"....... lol.
To put this insanity in context:
Brazil is nearly 20X's bigger than Iraq. With nearly 5X the people than Iraq..... The U.S. can't control a freakin boarder crossing with Latin America and you think we could "Annex" "the" power-house country of South America, lol. That's funny.
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
Quote from @Carlos Ptriawan:
Quote from @Account Closed:
Quote from @Dan H.:
Quote from @Account Closed:
Quote from @Henry Clark:
Always start with the numbers. What market? How many? What is rental cost? What is ownership cost? What group of people?
By renting trailers you may be causing the problem. By selling houses to them you may be causing the problem. What are your numbers?
Approach the question backwards. How would I increase the number of people who can’t afford housing? Dissect the issue.
360,000,000 people.
How many can’t afford housing. What do you mean by can’t afford housing? Can’t buy? Can’t rent?
Why is it bad that x% can’t afford housing? Unless you’re homeless you have housing. Are you talking about homeless? Define the who.
Or we could just admit that the realtors, lenders, and investors milking people dry and exploiting every law, ordinance and misguided government policy they could get their hands on was the problem.
Seems like you are anti capitalism.
Capitalism strives to maximize profits within the laws and regulations. This implies realtors, lender, and investors strive to maximize profit no different than the butcher, plumber, electrician, etc. The market will dictate their ability to earn money. Those that recognize how to build wealth often will, but they could choose to be philanthropic. They should not feel guilty making what they can anymore than the plumber should feel guilty about charging a rate that the market will pay.
There are communist countries that people are not paid on the market value of efforts. I have an aunt that was a national ballerina and her husband ( my uncle) was a film director in a former communist country. In the US these skills would have provided good/great wealth. They lived a fine life style, but not far above the lifestyle of lay people.
I have a friend that when various communist countries converted to capitalistic markets tried to hire some of these workers. The workers were used to not producing. He could not use them.I choose to be a fan of capitalism. I choose to be on BP to help budding RE investors succeed. Why are you here?
We haven't had actual capitalism in this country for decades, with everyone running to the gov to get bailed out everytime they screw up or need help. So spare me the capitalism crap in defense of greed run amok.
Bottom line is, the OP asked about solving the housing crisis in America. Some choose to argue there isn't one to begin with. For those who feel there is, you might want to look at the people involved in pumping up the prices to absurdity over the last decade.
Not hard to figure out who there were/are, and squawking about capitalism like a parrot to justify it all does zero to address this situation.
True,
in reality the USA is full of socialism …If you want to feel the actual capitalism go move to Kenya or Nigeria
without socialism there is no 30 years mortgage program , the socialism has been there for so long that makes people spoiled , they just realized the world reality in last two hours that to gain something they have to work hard like the rest of the worldI get what your saying but eeeaaahhhh, no, not Kenya or Nigeria, no, trust me, been to Nigeria, I look forward to never again.
Now Namibia, ok that's got some merit or even Senegal. How about Tasmania, or New Zealand for the few who can get in. Or if ok with F#*k as an adjective how about Australia.
- Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes2y
Quote from @Account Closed:
Quote from @Steve Vaughan:
Love it! This the kind of creative solution is what we need to be throwing against the blackboard.Quote from @James Hamling:
How about this @Steve Vaughan;
Creation of "Henry Mae"; to create finance liquidity and solutions unto the Single Family 1-4 unit real estate investor/developer segment.
Empowering housing access and affordability initiatives via housing development and redevelopment in both conveyance for end users in rental and targeted home ownership classifications of under meet and at-risk segment's.
Everything start's at the financing level, liquidity, right. Create the system to provide the liquidity, to than "steer" that liquidity for the use in the intended way's, for intended targeted end user segment's.
Via such a system very little infrastructure is required as it is deployed via existing mortgage lender/originator networks pre-existing.
In short, 98% of everything needed is pre-existing.
And cost would be nominal, leaving plenty to keep doing "aircraft carrier groups and the next sexy line of fighter jet's" because it's the sale of the MBS that "fund's" it all and cost is limited to creation of the agency of oversight, which as others have done can later be privatized.
Provide the liquidity, with the fence's, things get done via the market doing it.
This is how Fed Gov is supposed to work, not pouring out more tax $ to do the whole of it.
Henry Mae and fences. Worthy of repeating for my 10,000th post👍Sorry boys. The "Provide the liquidity" has been spent. It's all those air craft carriers and sexy jets and money sent to Iran. Poof, all gone, spent, that's why we have inflation, high taxes and high interest rates. Shoulda/coulda/woulda spent more time studying economics. ;-) The money ain't there.
Global banking crisis: What just happened? https://www.cnn.com/2023/03/17/business/global-banking-crisi...
Uhm..... do I have to be the one to inform him that mortgages are not financed by the Federal Government? To explain how Fannie/Freddie/Ginnie work????
Ken, your reply here makes as much sense as if you just posted a picture of a Llama and shouted out "KUMQUAT!!!!!"
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