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Old 10-10-2018, 07:10 PM
 
9,084 posts, read 3,701,709 times
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We have low end housing... It's called prison

That's what government housing is, even in communist countries it is prison. When you have no control of your housing and let the government run it for you, how is it not a prison with open visitation?
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Old 10-10-2018, 07:23 PM
 
25,801 posts, read 49,697,815 times
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Oakland got rid of entire blocks of affordable housing otherwise called the projects... they decided large projects simply were not viable.

Not all the projects are gone.. if a person applies for assistance the wait time for a project could be 3 to 6 months... for Section 8 the wait time could be 5 years... most choose to wait… which says something right there.
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Old 10-10-2018, 07:49 PM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
13,545 posts, read 14,044,894 times
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This topic is getting crazy. You just can't explain why it makes sense to tax housing based upon purchase price, and then place limits on tax increases to avoid pricing retired people out of their homes. Many of those elder homeowners are planning on selling their homes in late life and using the proceeds to finance their assisted living. I plan to do that some day myself, if I need assisted living before I succumb. My home is my security that I'll be able to afford assisted living if I need it some day. I own it free and clear. I often say, "I'm living in a bank." But if I had to get a HELOC or reverse mortgage, I may end up not able to afford food and utilities, and then get tossed in the street, to make room for some younger rich person.

I think a lot of this is young people blaming the older generation for the poor economy as perceived by the young generations, and envying the benefits of long term owners who they want to tax them out of a place to live. It's the government's fiscal policy that makes or breaks the economy.

Please, let old people die before you toss them into the street. Nobody can live in a house forever. The elders kick off and then their houses are recycled back into the economy.


I don't quite understand why California can't be more like Arizona. My property taxes in CA are enough to pay mortgage payments for many of the lower COL areas in the nation. Yet my 4 houses in Maricopa County (AZ) have twice the value but half the property taxes (aggregate). I'm not aware of any property tax limitation in Maricopa, they just seem to tax houses fairly (and they spend more than half your property tax on schools). My take is that Maricopa County property tax is 1/8 of Los Angeles County property taxes. (I've since sold 3 of my 4 Maricopa properties.)

The problem in California is that our state government is treating property owners like a vampire treats his blood hosts. We passed Prop 13 to prevent our vampiric government from sucking us dry.

What is the secret behind why CA residents were so taxed to death that they voted in Prop 13? Why does Arizona not need that? Why are my Maricopa taxes are totally reasonable with no Prop 13 equivalent yet L.A. Co. can't do that?

Could it be that Sacto treats we residents as blood hosts? Could it be CA's socialist economy mind warp?
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Old 10-10-2018, 11:07 PM
 
Location: SDL/PDX/RDU
4,298 posts, read 2,248,556 times
Reputation: 5158
Quote:
Originally Posted by MLSFan View Post
We have low end housing... It's called prison

That's what government housing is, even in communist countries it is prison. When you have no control of your housing and let the government run it for you, how is it not a prison with open visitation?
This is Jamison Square in Portland Oregon. In these photos there is at least one lower income housing complex which would include apartments that might not otherwise be available to working wage families if not for mandates to developers. The other buildings have residences that cost upwards of $1M. Can you identify which one's they are?





The point being, it is a richer, more desirable neighborhood with the inclusion of working wage families, seniors and others. Developers were able to, with help from the city, pencil it out to make it work. Yes, there were subsidies and concessions but at some point a decision was made to go ahead with the work, squeezing the maximum ROI be damned. It was not an easy path but those developers command our respect and support. Not so much for the one's who walked away from it and the city they owe their livelihoods to.

Is it perfect? Far from it. Portland has an acute problem with affordable housing but in large part it's because of market failure.

Last edited by take57; 10-10-2018 at 11:57 PM..
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Old 10-11-2018, 12:21 AM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
13,545 posts, read 14,044,894 times
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People, don't worry about housing prices if you're FI. Your only problem is picking the best seat.

The housing shortage applies only to poor people.

I'm heartbroken that I just discovered I can't afford a vacay home at Mammoth (LA's ski area). Oh well, maybe an apartment in Spain.
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Old 10-11-2018, 09:25 AM
 
Location: Paranoid State
12,672 posts, read 9,425,981 times
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Quote:
Originally Posted by Lovehound View Post
I'm heartbroken that I just discovered I can't afford a vacay home at Mammoth (LA's ski area). Oh well, maybe an apartment in Spain.
Try Park City. Take the early morning flight into SLC and you're on the slopes before lunchtime. And quite affordable.
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Old 10-11-2018, 09:58 AM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
13,545 posts, read 14,044,894 times
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I want a place I can drive to any time I feel like it, and bring all my junk along. I don't wanna fly. Besides, I have a long history at Mammoth, decades.
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Old 10-11-2018, 10:00 AM
 
3,536 posts, read 1,988,790 times
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Housing shortages are not market failures but a reflection of resource scarcity. As populations increase the absolute value of resources per person decrease, hence costs rise. You must then work to build more efficiently to offset this cost increase. This means higher density building with lower costs more readily available materials. So instead of 0.25 - 0.5 acre SFHs as being the normal the new normal is a 2/2 1200 sq ft townhome/flat/apartment/condo built in a tightly packed setting.

There are also sticky (relatively fixed) supplies of land and the time to construct supplies of housing in a given area in a time. Smart development needs time to align the demand for housing with the geographic location of it's supply. This is how efficient markets work and build in an appropriate pricing function.
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Old 10-11-2018, 10:06 AM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
13,545 posts, read 14,044,894 times
Reputation: 9663
I don't see any housing shortage in Los Angeles (or Phoenix). All I see is people whining because they can't afford to buy. The only shortage is in affordable property, meaning cheapo property.

I just discovered I can't afford a second house in a resort area I covet. There's property on the market, I am just not affluent enough to consider buying.
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Old 10-11-2018, 12:15 PM
 
Location: la la land
27,167 posts, read 11,349,748 times
Reputation: 19277
Quote:
Originally Posted by Lovehound View Post
People, don't worry about housing prices if you're FI. Your only problem is picking the best seat.

The housing shortage applies only to poor people.

I'm heartbroken that I just discovered I can't afford a vacay home at Mammoth (LA's ski area). Oh well, maybe an apartment in Spain.
Mammoth isn't near LA, it's 313 miles from LA, it's in Central California near Modesto
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