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@spruce112358 saidYou state what the problem is (i.e. inflation) then come up with wild ideas to fix the problem that do not involve addressing the cause of the problem. The average person knows having your money sitting in a bank does not keep up with inflation, I agree, they look for some safe way to protect their wealth from the tax known as inflation and about the safest is property, this fuels a demand and the ensuing price rise. People can't trust the value of currency anymore. That's the problem and the cure is getting inflation under control. Not ever more whacky theories and more taxes.
=Speculation=
In the US, but also worldwide (especially in large cities), many properties stand empty. The owners live elsewhere, pay minimal property tax, and wait for the value to go up. We also have many foreign actors and corporations buying American properties as investments. This can be a hedge against inflation (NB. The government inflating our currency makes thi ...[text shortened]...
Both private and public land are needed to protect our rights.
#MorePerfectUnion #MPU #MPU11
The problem is inflation, the cure is reducing inflation.
@AverageJoe1 saidBut some people with mortgages and 3 kids may be asked to fork over (tax) money to buy homes for other people????????
I know a person who started from scratch, saved up and bought a home, FHA loans were 100%. Today, a measly 3.5% DPayment is required. This person and millions of others could afford a mortgage. If they could not, they would likely rent until they could afford one. You seem to suggest it is someone else's problem.
But some people with mortgages and 3 kids may be a ...[text shortened]... in a hole. He will thus go bankrupt.
Suzianne will say I lack empathy. Don't get that either.
I don't have 3 kids, but I fully support this idea, and am fine with some of my tax $$ going to help people get into a home. I'm not fine however with my tax $$ given away freely to rich fortune 500 companies who haven't' earned it and use it for stock buybacks, over bloated CEO pay, and lavish corporate retreats in Switzerland, the Cayman Islands and elsewhere.
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@AverageJoe1 saidWell, having a home, shelter, food, safety, access to health care and education are all basic human rights.
Two separate Giveaways:
So people who started out with nothing just simply end up with something all by saying their parents did not own a home....that, they will be first generation homeowners.
The govt will GIVE these people, who have to do nothing, 25% of the cost of a $100k home.
Does this seem a normal way to run a country? Marauder and MB need not reply ...[text shortened]... e pay for free tuition?
https://homebuyer.com/learn/25000-first-time-home-buyer-downpayment-grant
If you have a lot of people without a house, what better way to improve society than building them homes?
Way better than to waste trillions of dollars on weapons.
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@shavixmir saidYou have right to acquire those things the same as you have right to acquire a Maserati, but they are not in and of themselves 'rights'.
Well, having a home, shelter, food, safety, access to health care and education are all basic human rights.
If you have a lot of people without a house, what better way to improve society than building them homes?
Way better than to waste trillions of dollars on weapons.
Nothing that requires the labor of others is a 'right'. That's dumbed down as much as I can for you.
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@Wajoma saidGimp boy displaying his ignorance again.
You have right to acquire those things the same as you have right to acquire a Maserati, but they are not in and of themselves 'rights'.
Nothing that requires the labor of others is a 'right'. That's dumbed down as much as I can for you.
Back in your cage!
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@Wajoma saidI agree that government should not inflate the currency. Or, that deflation and inflation should balance out.
You state what the problem is (i.e. inflation) then come up with wild ideas to fix the problem that do not involve addressing the cause of the problem. The average person knows having your money sitting in a bank does not keep up with inflation, I agree, they look for some safe way to protect their wealth from the tax known as inflation and about the safest is property, this ...[text shortened]... er more whacky theories and more taxes.
The problem is inflation, the cure is reducing inflation.
I don't think inflation's why most people buy houses, though. They buy them to live somewhere.
Do you think that should be a protected right? What does it mean to have the right to live, but only as a nomad? Many places out West are now passing ordinances saying people cannot sleep on public lands - which seems bizarre to me. If people have nowhere to live, why couldn't they sleep on public lands? Some people live in their cars, but they can't park the car and sleep in it. The police knock on the window and move them along.
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@shavixmir saidWe have about 653,000 homeless in the US and about 15.1 million vacant homes.
If you have a lot of people without a house, what better way to improve society than building them homes?
Don't even have to build anything.
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@spruce112358 saidYet somehow the migrants are the problem…
We have about 653,000 homeless in the US and about 15.1 million vacant homes.
Don't even have to build anything.
Yup. That’s capitalism for you.
@spruce112358 saidLife is not perfect, and I would like for you to tell us , in EACH of the scenarios you mention, what you would change about that scenario. Start with the easy one......Why, everyone, a successful man will NOT be allowed to leave assets to his children. His children will NOT be allowed o receive any money from his estate. Or, what, Spruce, what would you do about that unfair bequest?
Yes. Me too. The blessings were that:
a) our wages kept up with inflation
b) some of us inherited wealth, of which the first $11M was untaxed
c) we could deduct mortgage interest from our taxes
d) mortgage interest rates were 3-4%
e) hedge funds weren't buying up houses to flip them
f) housing supply was expanding to meet demand
e) Is particularly conce ...[text shortened]... were SO lucky." So you see, AvJoe? You were "blessed" (or lucky). You should count those blessings.
Mtg interest has always been deductible. It is across the board, everyone does it.
If you have a problem with wages not keeping up with inflation, note that all wage earners are affected equally. So it is a non-issue, you cannot say it is unfair since it affects all wage earners.
Mtg interest rates were the same for everyone at 4%, and they are the same for everyone at 7%. What are you talking about? It is across the board, equally applied to all citizens. We are all blessed or we are not all blessed. Whew.
I buy houses to flip them,I don't know what you mean about hedge funds. Anyone can today plan to buy a house, paint it, and flip it for a profit. What are you talking about?
Housing supply? It has been fine for 250 years, everyone is housed except for people who want to live on the street. But we are NOT blessed when the illegal people in our country upset the housing apple cart. Yeah, no blessings there.
What are you talking about? YOu seem to think the USA is unfair?
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@AverageJoe1
What is it with the 2M federally funded homes? Never heard of something like that. What caused someone to think about that? Never have had to do that before. It is not in the constitution. Who does it benefit?
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@AverageJoe1 saidNot enough low-cost housing.
But you made it. I made it. Why won't they make it? Have they made bad choices? Too many children? Loose life style?. Lazy? What has that go to do with the goings on which we discuss all the time?
Wiki: "The main contributor to homelessness is a lack of housing supply and rising home values. Interpersonal and individual factors, such as mental illness and addiction, also play a role in explaining homelessness."
"However, mental illness and addiction play a weaker role than structural socio-economic factors, as West Coast cities such as Seattle, Portland, San Francisco, and Los Angeles have homelessness rates five times that of areas with much lower housing costs like Arkansas, West Virginia, and Detroit, even though the latter locations have high burdens of opioid addiction and poverty."
Regarding severe mental illness like major depressive disorder (MDD), anxiety, bipolar, schizophrenia, etc. that is NOT the patient's bad choice - in most cases, we don't know the reason. But people with bad afflictions like these literally can't hold down a job. Their behavior is 'weird' and co-workers don't want to be around them, and they are often cognitively impaired.
As for bad choices - sure. For some, that will be the reason. There will probably always be the town drunk, sleeping it off in a gutter.
Compare to a place like Vienna, Austria. There is no homeless problem in Vienna because housing has been made available. I occasionally saw a severely impaired 'escapee' on the subway, but they would get collected and helped. But no kind of homeless problem as you see in American cities.
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@spruce112358 saidI apologize for seeming to be a bad guy, but all I know is logic. I read this well written post, even the one just after it by Sonhouse. All of us would like to see happiness, nirvana. Of course, we naturally disagree on such statements such as people having a right to a home. From whence would it come, you never answer that, which is the overlying problem of everything you write. A main tenet throughout the study of law is the diff in a Right and a Privilege.
@sonhouse
An essay...
It’s odd that we don’t recognize a right to live somewhere.
As children, we have a right to live with our parents, but when we turn 18, we suddenly have no right to be anywhere. Welcome to adulthood! Keep moving, citizen. Renters can be kicked out for non-payment or at the end of the lease. If we buy with a loan, the property can be taken ...[text shortened]... nsense. Most properties INCREASE in value over time, not decrease!) This adds to property shortages.
Take the borrowing of money at a 'high' rate....how do you think that rate should be reduced? I will leave that for you to ponder. Is there a 'right' to have it reduced?
You write all that stuff , but from whence do the solutions come? The government? But the government is all of us. So, to follow YOUR logic, everyone pays to right all these rights that you purport to exist.
To cut this short and to the point, it would mean that at the end of the day, we all end up in the same place. That is socialism.
So, all of your observations hold a lot of truth, and we could go off into how the economy got this way, but it is. You offer no solutions, unless it is to take from those who have (assume all legal, through inheritance or hard work or smarts) and spread it out to those who for some reason never became self reliant. Punish the successful. Yeah, sounds crude, but else would you call it?
So, instead, write how to make things better without socialism. Or Marxism for that matter. I am waiting for the next great invention, please do not punish the successful.
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@AverageJoe1 saidUmmm... no. We are currently short about 4 to 7 million homes.
Housing supply? It has been fine for 250 years, everyone is housed except for people who want to live on the street.
https://www.npr.org/2024/04/23/1246623204/housing-experts-say-there-just-arent-enough-homes-in-the-u-s
Mary Louise Kelly: And what's driving this? Why?
Horowitz: So restrictive zoning is the primary culprit. It's made it hard to build homes in the areas where there are jobs. And so that has created an immense housing shortage. And each home is getting bid up, whether it's a rental or whether it's a home to buy.
Kelly: I want to ask if there are any cities getting this right. Can you give me an example of one that has looked at it's zoning laws and said we could actually make this more affordable if we change things?
Horowitz: There are definitely cities that are getting this right. And we've seen a lot of changes in recent years to allow more homes, especially the kinds of homes that are in short supply, namely apartments, townhouses, duplexes and homes that don't cost as much as a detached single family house. Minneapolis is a great example. Minneapolis updated their zoning to make it much easier to build apartments near commerce and near transit, in part by eliminating parking minimums and also by making permitting easy. And it worked. They're producing housing at triple the rate of the U.S. and the rest of Minnesota, and that has meant that they've kept their rents flat for about seven years.
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@eYe
I did. His point about Home owners associations is right, they suck. AND when you pay off your house you are still renting it from the government and if you don't pay property taxes, can you guess what happens to your home?
I am a ham and want to put up antennas for my radio's and if I lived in a house with a HOA restriction I would be VERY pissed. I would NEVER buy a house with one of those stupid sets of restrictions, like not allowing solar? What a POS idea.