When you build more housing than the state can support with people to buy/rent homes then yes that is recipee for unwatned events.
I guess you think that abandoned homes or homes that can't sell are a good thing....
The Biden Presidency
- Thread starter The Tariff King
- Start date
When you build more housing than the state can support with people to buy/rent homes then yes that is recipee for unwatned events.
I guess you think that abandoned homes or homes that can't sell are a good thing....
sturg33
I
I'm glad you have finally come around to realizing who's policies you're more closely aligned with
I'm certainly not aligned with policies that screw Americans thats for sure. This is where you firmly align yourself now.
sturg33
I
yes me wanting more houses built for Americans to have more affordable options is certainly trying to screw them over!
high IQ man
Wasting resources in states that won't support the housing increase is an awful policy. I agree!
Can't wait to see all those abandoned homes. Thank goodness they were built!
https://robbreport.com/shelter/homes-for-sale/florida-texas-housing-inventory-surplus-1235599186/
Florida and Texas, both of which were some of the hottest housing markets during the pandemic, are now seeing a surplus in unsold properties, and as a result, sellers are slashing prices, according to a new report by real estate site Redfin. For context, on the west coast of the Sunshine State, the number of homes on the market jumped roughly 50 percent from a year ago in metros such as Cape Coral and North Port. And in Mcallen, Texas, inventory jumped 25 percent compared to March of last year.
Whoa!
Crazy if true!
This is just the beginning. The inventory that will exist in the next 10 years in these two states will prove to be a waste of resources.
Almost as if planning things on temporary changes in migration was a stupid decision. Just like planning to build homes based on a subset of the population that will be deported soon is also a stupid decision.
Florida and Texas, both of which were some of the hottest housing markets during the pandemic, are now seeing a surplus in unsold properties, and as a result, sellers are slashing prices, according to a new report by real estate site Redfin. For context, on the west coast of the Sunshine State, the number of homes on the market jumped roughly 50 percent from a year ago in metros such as Cape Coral and North Port. And in Mcallen, Texas, inventory jumped 25 percent compared to March of last year.
Whoa!
Crazy if true!
This is just the beginning. The inventory that will exist in the next 10 years in these two states will prove to be a waste of resources.
Almost as if planning things on temporary changes in migration was a stupid decision. Just like planning to build homes based on a subset of the population that will be deported soon is also a stupid decision.
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sturg33
I
so housing prices being slashed lower is a bad thing for Americans looking to buy a home?
This is just the beginning - We will see massive inventories of unoccupied homes in perpetuity in both Florida and Texas.
sturg33
I
You've convinced me. California and New York have it right on the housing policies
sturg33
I
don't worry... boomers and well off people will always protect the housing supply. Their houses are worth millions of dollars. More housing would threaten that.
Those 30 year old kids can keep their roommates in the apartment box to ensure those housing values are protected
Or they can just come back go NY and Cali when housing prices decrease after illegals are deported.
sturg33
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illegal immigrants are causing $900K median house prices in California?
Wow, those illegals are loaded!
Or we can do what actual economist suggest, which is to build homes.
Florida and Texas don't have a housing crisis, by the way. And they aren't looking like they will have some any time soon. Having enough affordable inventory on hand is a good thing. I know home owners don't typically like their value going down, but in the long haul it makes a healthier economy.
I guess you’re unfamiliar with all the homes PE is buying up for rent.
chop2chip
Well-known member
This problem solves itself. Homebuilders will stop building homes if there is no demand. We don’t need government regulation to find the sweet spot.
I don’t even understand what you are proposing. What are the governments of Texas and Florida doing that you are opposed to?
Or, and hear me out, people will keep moving to these states, because it's affordable to live there. Florida remains the number 1 state to retire to. It will likely remain that way for decades.
Having unoccupied homes or listed properties on market for over a year is a disaster that’s waiting to explode. It will lead to a massive deflationary event in that location wiping out what many have as their only savings.
When people make that decision to retire many of the ones from before are dying or dead. You need more than retiree attraction to support building new homes.
LMAO!
Now I've heard it all.
Sure, people don't want to move to places with booming economies, low tax rates, and beautiful weather. You're totally right....