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re: How will Trump make housing more affordable?
Posted on 11/12/24 at 11:02 am to SlidellCajun
Posted on 11/12/24 at 11:02 am to SlidellCajun
Deporting people will drive renting costs down.
Posted on 11/12/24 at 11:02 am to teke184
quote:
1. Promote policies that stimulate the economy 2. Remove upward pressure on housing prices by removing illegals from the country who are getting government bennies for subsidized housing, forcing up prices.
Additionally, reduce material costs by lowering fuel and shipping costs. If inflation can ever be dialed in that will help too. Not to mention interest rates for home loans
Posted on 11/12/24 at 11:03 am to SlidellCajun
quote:
You saying that illegals are making so much money that they can afford to buy houses which is driving up prices?
I’m not seeing this anywhere.
This is definitely not happening in the nicer parts of Atlanta where there is high demand for housing.
Posted on 11/12/24 at 11:03 am to SlidellCajun
Even if the illegals are renting, it’s driving up the price of the houses. If a house worth 100k now it’s worth 200k cause a slum lord will buy it and pack it full of 10 illegals instead of a 5 person young family buying it.
Posted on 11/12/24 at 11:03 am to Wally Sparks
quote:
Anything outside of removing restrictions to increase housing supply
And those restrictions are worst in blue states. It takes years to get permission from all the agencies in Calif to even start building. You gotta hire people to do all that paperwork before a board gets nailed.
Posted on 11/12/24 at 11:03 am to CFB_Fanatic
quote:
Not to mention interest rates for home loans
These were artificially low for years.
Posted on 11/12/24 at 11:03 am to SlidellCajun
quote:
You saying that illegals are making so much money that they can afford to buy houses which is driving up prices?
More demand = higher prices for rental homes and apartments
More people creates more demand, therefore a supply issue is created on the rental market, which in turn, causes prices to skyrocket. In addition, people are more wiling to rent out their home instead of putting it on the market. This creates a supply issue for home sales.. therefore, the prices skyrocket..
If you give a pig a pancake, he'll probably want some syrup to go with it..
Posted on 11/12/24 at 11:04 am to SlidellCajun
quote:
The illegals fbsf I know about are renting and lots of them live together in groups.
So that is housing right?
Posted on 11/12/24 at 11:04 am to SlidellCajun
Sending illegals home will change the demand on housing as you will have more inventory to people searching.
Posted on 11/12/24 at 11:05 am to Zach
quote:
And those restrictions are worst in blue states. It takes years to get permission from all the agencies in Calif to even start building. You gotta hire people to do all that paperwork before a board gets nailed.
Restrictions on missing-middle housing (i.e. duplexes, triplexes, condos, and townhomes) also need to go away. Many cities have a lot of this housing grandfathered in before areas were down-zoned to single-family homes only.
Posted on 11/12/24 at 11:05 am to LSUDad
Restricting large Corporations from buying thousands of homes might have an impact.
Posted on 11/12/24 at 11:06 am to SlidellCajun
Reducing regulations on the timber industry and other building materials
Lowering energy costs which reduces manufacturing and interstate commerce costs to move materials
Reducing taxes
These 3 will make a significant difference
Lowering energy costs which reduces manufacturing and interstate commerce costs to move materials
Reducing taxes
These 3 will make a significant difference
Posted on 11/12/24 at 11:06 am to captainFid
quote:
Restricting large Corporations from buying thousands of homes might have an impact.
Bingo!
Posted on 11/12/24 at 11:07 am to SlidellCajun
quote:Boot illegals back to their homeland, that will free up a ton of rental properties and landlords will be forced to lower rents.
The illegals fbsf I know about are renting and lots of them live together in groups.
Posted on 11/12/24 at 11:07 am to SlidellCajun
Short term-interest rate deductions, wealth creation, decreasing inflation and tax cuts.
Long term, after Trump in coming decades we need a Elon-like affordable home automation movement. If we figure out how to reduce costs for shelter we beat the crap out of every other country and free up trillions in discretionary spending.
Long term, after Trump in coming decades we need a Elon-like affordable home automation movement. If we figure out how to reduce costs for shelter we beat the crap out of every other country and free up trillions in discretionary spending.
Posted on 11/12/24 at 11:09 am to SlidellCajun
Something has to be done with Insurance prices and interest rates. Some of it is supply and demand and also material prices, which Trump can help with.
the cost of building or renovating a home has absolutely skyrocketed since the COVID sham.
the cost of building or renovating a home has absolutely skyrocketed since the COVID sham.
Posted on 11/12/24 at 11:10 am to Wally Sparks
quote:
How many of them are building houses though?
Posted on 11/12/24 at 11:12 am to swamptiger99
This. Illegals (in general) are competing with citizens lower on the socioeconomic totem pole for housing. Deporting them will help the people in our country that need it the most.
Posted on 11/12/24 at 11:12 am to Cadello
Better economy, employers compete for employees by offering better wages
Posted on 11/12/24 at 11:13 am to SlidellCajun
quote:by reducing the cost of living
How will Trump make housing more affordable?
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