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re: How will Trump make housing more affordable?
Posted on 11/12/24 at 9:25 pm to BHS78
Posted on 11/12/24 at 9:25 pm to BHS78
quote:
If 12 million less people are looking for a place to live then the supply will go up. With less demand and more supply prices will go down. Did I explain it simply enough for you.
Very simple but extremely unlikely
No way 12 million illegals are buying houses and no way they’ll be deported
So it’s simply not the answer
1
Posted on 11/13/24 at 3:51 am to SlidellCajun
You don't have to buy a house to live in it. And when the govt is paying your rent the landlord charges more than they should. If 12 million people are no longer renting than maybe the landlords will be more likely to sell an unrented house.
Posted on 11/13/24 at 4:21 am to BHS78
He will send all the yankees back to chicago and ny. Then we’ll get the south back to how it was befoa
Posted on 11/13/24 at 5:17 am to SlidellCajun
quote:
Second- huh? Where is this happening?
4 Louisianas came into this country and people wonder how they are increasing the demand for housing, groceries, used vehicles, gas, etc.
Deportation with stopping the flow and building will help.
Harris talked about building 3 million houses. Well that won’t help if you let another 10-20 million in over her term and don’t deport people. And there is video of her chanting no to deportations.
Trump has talked about building new cities, but he wants to fill them with Americans, not illegal immigrants.
This post was edited on 11/13/24 at 5:28 am
Posted on 11/13/24 at 5:29 am to deltaland
quote:
. Ban groups like blackrock from buying single family homes as investments
This. Commercial entities buying residential properties is a huge issue. The areas are zoned specifically for residents. These entities don't reside there. Fix zoning regulations and the issue fixes itself.
Taxes and insurance have a huge impact on cost of home ownership. My taxes and insurance are almost as much as mortgage principal and interest. Something has to give.
Posted on 11/13/24 at 5:42 am to dalefla
This is an issue as well since they house the 15 illegals at a time scenario..
quote:
The Section 8 impact in 2023 was significant, according to data released by the U.S. Department of Housing and Urban Development (HUD). A total of 1,315,607 housing units were available to low-income families and individuals. A striking 91% of these units were currently occupied in 2023.
Posted on 11/13/24 at 5:43 am to SlidellCajun
Run off Mexicans, insert Americans.
Posted on 11/13/24 at 5:43 am to SlidellCajun
quote:
Trump has said he will make America more affordable. How does he propose to make homes more affordable?
Cheaper petroleum. Next?
Posted on 11/13/24 at 6:06 am to SlidellCajun
Deport 20 million
Posted on 11/13/24 at 6:06 am to SlidellCajun
First proposal should be to end FEMA’s Risk Rating 2.0.
That should alleviate some of the issues on Flood Insurance.
Next should be some reforms on homeowners insurance. Insurance in coastal states have gotten to be too expensive and sometimes unattainable by private companies yielding to much more expensive coverage by state insurers of last resort. The issue is so bad that it is not just coastal areas have been impacted. Tornado and fire country have similar issues. Some of this is a mix of local legal issues, companies not wanting to take the risk, and deductibles that are so high they provide no coverage from storms.
Like I have suggested before, maybe we need to merge wind and hail coverage into flood insurance and create a national disaster insurance program. The national disaster insurance program would be a requirement like the current flood insurance requirement in flood area, but it would be required everywhere.
Expanding it to wind and hail too would create a larger pool of payers into the current program but also expose it to a larger number of claims potentially. Also, it would settle the argument of wind driven rain and who is supposed to cover it. Another thing this makes easier is how many times an area is deemed not in a flood zone and still floods and ends up costing taxpayers through FEMA or Road Home Type programs.
That should alleviate some of the issues on Flood Insurance.
Next should be some reforms on homeowners insurance. Insurance in coastal states have gotten to be too expensive and sometimes unattainable by private companies yielding to much more expensive coverage by state insurers of last resort. The issue is so bad that it is not just coastal areas have been impacted. Tornado and fire country have similar issues. Some of this is a mix of local legal issues, companies not wanting to take the risk, and deductibles that are so high they provide no coverage from storms.
Like I have suggested before, maybe we need to merge wind and hail coverage into flood insurance and create a national disaster insurance program. The national disaster insurance program would be a requirement like the current flood insurance requirement in flood area, but it would be required everywhere.
Expanding it to wind and hail too would create a larger pool of payers into the current program but also expose it to a larger number of claims potentially. Also, it would settle the argument of wind driven rain and who is supposed to cover it. Another thing this makes easier is how many times an area is deemed not in a flood zone and still floods and ends up costing taxpayers through FEMA or Road Home Type programs.
Posted on 11/13/24 at 6:07 am to SlidellCajun
There are local anti-development regulations that are hurting home prices. Can’t really overcome that at a federal level.
Example: Instead of investing in their infrastructure, some parishes in Louisiana require that a development store water runoff for significant flood events, requiring a lot of retention ponds that take up space that housing could have taken up.
What they can do is build out more infrastructure that enables development into newer areas. That will help.
Example: Instead of investing in their infrastructure, some parishes in Louisiana require that a development store water runoff for significant flood events, requiring a lot of retention ponds that take up space that housing could have taken up.
What they can do is build out more infrastructure that enables development into newer areas. That will help.
Posted on 11/13/24 at 6:37 am to SlidellCajun
Prohibit hedge funds from purchasing single family homes to use as investment property.
Posted on 11/13/24 at 8:21 am to BHS78
quote:
If 12 million people are no longer renting than maybe the landlords will be more likely to sell an unrented house.
Where is this 12 million number coming from? Hopefully not some campaign speech …
And let’s say that by some miracle we can deport 12 million people, it won’t happen quickly. It’ll be a long process.
Until house prices come down,
there will continue to be demand for rentals.
How will trump bring the house prices down?
This post was edited on 11/13/24 at 8:46 am
Posted on 11/13/24 at 8:31 am to SlidellCajun
I seem to remember starter home neighborhoods.
Seems that builders, skip those due to rising land prices, I assume.
Kids are going to have to get creative to start building equity. I’m telling my son to take his first job in a low cost state and buy a lot 30 minutes out of the city.
Build a house yourself. Immediate equity built towards the future.
Seems that builders, skip those due to rising land prices, I assume.
Kids are going to have to get creative to start building equity. I’m telling my son to take his first job in a low cost state and buy a lot 30 minutes out of the city.
Build a house yourself. Immediate equity built towards the future.
Posted on 11/13/24 at 8:46 am to Tesla
quote:
Cheaper petroleum. Next?
That’s pretty cheap now.
And how does that impact the price of a home being sold?
Posted on 11/13/24 at 8:53 am to SlidellCajun
Housing prices aren't coming down regardless of which party's in charge. Republicans can't override local NIMBY zoning laws that choke supply, and Democrats can't wave a magic wand to build enough homes for millennials. We've got 15 years of underbuilding, construction costs through the roof, and every homeowner with a 3% mortgage holding on tight. Wall Street's still buying up neighborhoods while builders can't find enough workers. This isn't a red/blue problem, it's basic math: too many buyers, too few houses, and no quick fixes from either side. Just my two cents.
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