How do we solve the housing crisis in America???
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?
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#2 Commercial Real Estate Investing Contributor
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#2 Commercial Real Estate Investing Contributor
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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.