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IMO: High cost f housing and rents a result of supply and demand due to manipulation by banks and government. Do you agree or disagree- and why?
Disagree. It is due to...
supply and demand
type and location of supply
geographic origin of demand
Financing of that demand
Role of families
tight local regulations on building housing and its housing
historically high immigration and from where
manipulation? No need to go conspiracy when fairly generic reasons are driving things forward.
The outliers in this case are those who do not migrate into a different full-time profession. Table service is a difficult art for many to master, but the economics and physical challenges of it tend to drive even those who are good at it off into other pursuits.
IMO: High cost f housing and rents a result of supply and demand due to manipulation by banks and government. Do you agree or disagree- and why?
To a significant degree but the schools do not teach financial management and we get consumer brainwashing. So we have spent decades throwing money away on crap when most Americans might have home paid for by now.
To a significant degree but the schools do not teach financial management and we get consumer brainwashing. So we have spent decades throwing money away on crap when most Americans might have home paid for by now.
I have been the target of some serious hostility for suggesting that people would be better off if they quit pissing their money away. They have endless rationalizations for their lack of fiscal discipline. The idea that they have been brainwashed into irrational behavior is totally unacceptable.
The outliers in this case are those who do not migrate into a different full-time profession. Table service is a difficult art for many to master, but the economics and physical challenges of it tend to drive even those who are good at it off into other pursuits.
Once again, you didn't bother to read the link I left. Dorothy Ainsworth was a small town waitress who built a fabulous country estate using small town coffee shop tips and a lot of initiative. When her first house burned down right before completion, she did it again, better the second time. The job you have is not what is holding you back.
Of course it's legal. It's just really unfair to newcomers.
What's really unfair to newcomers is they don't build enough housing in the first place--which has been going on for 40 years now. Even the New York Times is saying it:
Her home burned down. The neighbors raised money and chipped in labor and expertise to build a better home. I remember reading about it. She obviously earned a lot of respect for her first attempt.
In some markets, bulk buyers represent a large presence per a study by the feds.
What's really unfair to newcomers is they don't build enough housing in the first place--which has been going on for 40 years now. Even the New York Times is saying it:
Zoning exists for the benefit of incumbent homeowners, without regard for all non-incumbents. So zoning was never intended to benefit renters or newcomers.
Her home burned down. The neighbors raised money and chipped in labor and expertise to build a better home. I remember reading about it. She obviously earned a lot of respect for her first attempt.
In some markets, bulk buyers represent a large presence per a study by the feds.
Renters Insurance is your friend... sure came through for my friends in spades... paid for emergency shelter and replaced what they lost... he keeps meticulous records and they were newly weds... so lots of new things and the wedding registry was invaluable.
I agree with Larry and Old Trader because I see people start out behind the eight ball... don't speak the language, come here with nothing more than a dream and make it...
Most start a small business... many in the trades... tile setter, landscaper... some open small takeout restaurants... the thing is how do they succeed when those far better off and born here don't?
The answer is they have a fire in their belly and willing to put in the 80 hours to get going for a payoff years down the road.
It could simply be expectations and unwillingness to do what is necessary... the military provided excellent benefits... buy the least expensive house on the MLS and make it yours... buy a duplex or triplex and live in the smallest unit...
After buying the least expensive single family home (Cottage) I bought a duplex... 3 bedroom house with a small cottage in back... moved into the cottage.
While my renters were driving new cars... even those on Section 8 I drove the same $800 Plymouth for 20+ years... imagine driving an $800 car for 20 years... all I can say is I saved a bundle and only once did it quit... timing chain which $40 on parts and a morning of my time cured... AAA towed me home.
It is ironic that just a few years ago the news stories were about the glut of housing left abandoned in the wake of the meltdown... what a difference 5 years makes.
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