U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-13-2018, 11:41 AM
 
25,916 posts, read 49,958,389 times
Reputation: 19388

Advertisements

Quote:
Originally Posted by Lovehound View Post
Then there you have it: public housing. The private sector cannot or will not provide such housing.
And also why Public Housing often has a short wait time and a Section 8 Voucher can have a wait time measured in years...

Section 8 came about as the answer to the projects where no one wanted to live... disperse low income individuals through out the community with the option of single family homes with the green lawn and picket fence.

Next to a Section 8 single family rental I managed was a husband and wife homeowner, his mother in law and 4 daughters... very nice family... they all lived in a small two bedroom home with two bathrooms and a converted basement from the Mother In Law...

My Section 8 family lived in the identical home next door and consisted of a family of 3... mother, son and daughter...

The working man said he would never be able to provide his kids with their own bedrooms... but if he quit his job Section 8 would qualify him for a 4 bedroom voucher instead of the 2 bedroom home he had now...

I realize this is but one single example but it does make one think...

A couple of years ago there was a story which crunched the numbers... a family would need the equivalent of 65k income to equal the benefits of assistance...
Reply With Quote Quick reply to this message

 
Old 10-13-2018, 12:16 PM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
14,154 posts, read 14,245,851 times
Reputation: 10005
I feel very sorry for economically disadvantaged people.

However I have forever left the ranks of landlords who need to seek tenants. My final lease expires next month and I'll never rent that SFR again, and I'm liquidating in January.

I'll probably never post in our Rental section ever again. That's another phase of my life that will be over.

Ultrarunner, I want to commend you for your many years of giving out great advice and helping people here in the forum. You are surely on our A-list most knowledgeable experts in your area of expertise. It has been my great pleasure to have you as one of my friends!

We'll continue crossing our paths in CD's Economics sections. I'll be an investor for years to come.
Reply With Quote Quick reply to this message
 
Old 10-13-2018, 02:06 PM
 
25,916 posts, read 49,958,389 times
Reputation: 19388
Always appreciate you and your contributions and prospective...

Several very close friends would say the two happiest days in their lives is the day they bought their investment property and the day they sold their investment property.

Over the years, being a housing provider has become much more complicated... maybe just a function of how long I have been at it.

I know one elderly couple with a three unit building... they live in one and keep the other two units empty... bad experience with the last two renters and it cost them a lot of time and money to get their units back... so now they use one for storage and the other for when family comes to visit.

My residential experience is limited to the SF Bay Area and Western WA... which is only a very small area City Data reaches...

One thing I tell anyone thinking of residential is to think of it as running a business with all that entails...

Good Luck and keep posting!

Last edited by Ultrarunner; 10-13-2018 at 02:33 PM..
Reply With Quote Quick reply to this message
 
Old 10-13-2018, 02:15 PM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
14,154 posts, read 14,245,851 times
Reputation: 10005
The same has been said about airplanes and boats. I'll say it for my RV too. I'm going to celebrate my retirement either January or February, depending on when my last property closes.

Well... I'm living in my absolutely last property. I'll be one of two places by the time my principal residence closes.
Reply With Quote Quick reply to this message
 
Old 10-13-2018, 02:36 PM
 
25,916 posts, read 49,958,389 times
Reputation: 19388
Believe me... I have thought about taking up the life of Stealth Rabbit... kind of a vagabond on my own terms with strategic barns around the country to drop in at...

Don't know if I will ever get rid of all my residential but right now would like to 1031 another into commercial...

Public Storage facilities have been real good to me as have some smaller commercial properties...

NNN leases the best thing ever...
Reply With Quote Quick reply to this message
 
Old 10-13-2018, 02:41 PM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
14,154 posts, read 14,245,851 times
Reputation: 10005
Quote:
Originally Posted by Ultrarunner View Post
Believe me... I have thought about taking up the life of Stealth Rabbit... kind of a vagabond on my own terms with strategic barns around the country to drop in at...
Read Lee Child's "Reacher" series. He's sure a great author and Reacher is such a unique character!
Reply With Quote Quick reply to this message
 
Old 10-16-2018, 06:29 PM
 
18 posts, read 4,735 times
Reputation: 15
Quote:
Originally Posted by Zambon View Post
The market would work if these lower skilled workers all moved to some of the more affordable areas in the country and left the expensive metros with no blue collar workers. Their situation would immediately improve because they would have jobs and houses in a new area. Then see how fast low income housing gets built in the areas that workers are leaving. Demanding that someone else, like the government, handle their lives for them is not how the market works.

There are jobs that pay $20 or more an hour in parts of the country that have reasonable costs of living. Skills shortages even. I blame the workers who insist on living in expensive metros instead of showing some initiative and applying for jobs other places.

I agree for the most part. There are a few exceptions (say maybe disabled or elderly), but a lot of people can and should move to smaller cities where there are jobs and more affordable housing.
I plan on moving out of the expensive metro I am at soon, I am mostly staying for an important medical procedure that is hard to find a doctor who will do it, as well as needing to research more on where to go, but I really look forward to when I can leave this area. There is a lot of zoning laws and problems that prohibits housing being built here and I've realized it's not going to change, at least not for 10 years or more. Can't wait around for that.
Reply With Quote Quick reply to this message
 
Old 10-24-2018, 10:26 AM
 
7,056 posts, read 6,691,696 times
Reputation: 5343
Just eyeballing the table for not seasonally adjusted data, the supply of new homes as measured by sales has been trending higher for months. Year over year sales are still increasing, but it looks like the trend peaked earlier in the year than in 2017.

new residential sales
Reply With Quote Quick reply to this message
 
Old 10-24-2018, 11:01 AM
 
225 posts, read 45,239 times
Reputation: 307
Quote:
Originally Posted by freemkt View Post
"The president of an employer group in California's Silicon Valley offered advice about housing to leaders in Oregon's Silicon Forest, where a 2016 study estimates that Washington County is at least 14,000 homes short for lower-income people."

Has the market (and capitalism) failed, or has government failed?
No one has failed. Either you can afford a home or you cannot.

If you you have an under skilled job now and live in an expensive area move to an area with a upside with lower costs. I know that most people usually do not make good decisions, so logic really goes over their heads. But that is the real solution. Some people even get an education and experience to increase their wealth so they can afford to live where they are comfortable.
Reply With Quote Quick reply to this message
 
Old 10-24-2018, 03:50 PM
 
1,291 posts, read 634,387 times
Reputation: 1795
Quote:
Originally Posted by Snowpacked View Post
No one has failed. Either you can afford a home or you cannot.

If you you have an under skilled job now and live in an expensive area move to an area with a upside with lower costs. I know that most people usually do not make good decisions, so logic really goes over their heads. But that is the real solution. Some people even get an education and experience to increase their wealth so they can afford to live where they are comfortable.
I agree with this except the part about moving - if you move to an area with cheaper houses, chances are wages will be lower, too.

I am not seeing a housing shortage so much as I am seeing people who can't afford them (myself included).
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top