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Even if everything you said here is true, wouldnt this dispute the thread? After all, all of these areas have been built up, which means the claims that economic growth is just hogwash.
They might be harder hit in times of recession but that isnt due to home ownership, its due to JOBS.
Since when did banks get in to the home building business?
You have a lack of understanding of the construction process and costs.
They set the price of the loans, which sets the price of the market.
Right now in Florida, banks are sitting on houses, won't even put them on the market to keep prices at a certain level. The houses sitting and wasting away are worth nothing, so they let them sit and waste.
Since when did banks get in to the home building business?
You have a lack of understanding of the construction process and costs.
Like with many things, homeowners often buy because of economics. It makes no sense to spend $1500 / month in rent, when I can sell you a home that PITI will cost $800. If people rent apartments they are confined to common walls, strict rules, and far smaller spaces which directly affect the quality of life. For those in homes, most would hate life if they went back to an apartment.
Not to mention the rent going down the drain. If you own, eventually sell in better times, or if you have equity in your home you'll at least get back what would other wise have been rent.
On a slightly different but related issue, the American Dream included home-ownership and it was generally assumed that, all things being equal, every American had the opportunity to one day own a home. However, with more people now than there is land (312,631,000 people on 3.79 square miles), that is now impossible. Unless you include condos, maybe. Someone will always be renting, despite of their income level.
On a slightly different but related issue, the American Dream included home-ownership and it was generally assumed that, all things being equal, every American had the opportunity to one day own a home. However, with more people now than there is land (312,631,000 people on 3.79 square miles), that is now impossible. Unless you include condos, maybe. Someone will always be renting, despite of their income level.
3 hundred million people on 4 square miles?
Where in the blue hell did you come up with that silly number?
We are one of the least densely populated countries in the world, and we MORE then enough food to go around. We supply most of the worlds food for crying out loud.
If you watched the video, you will hear the claims. Phoenix, Atlanta, Orlando, and Tampa have higher percentages of home ownership than Chicago, NYC, SF, and DC, yet these cities(urban cities) have lower unemployment.
Let's learn the difference between causation and correlation before we make broad, ridiculous statements. The media hasn't quite figured it out yet...
Home ownership, like dog ownership or plane ownership or gun ownership, etc, is a great idea for some people and not a good idea for others.
I think where the whole thing derailed is when this stupid idea came out that everyone should own a home. Same stupid idea that everyone should go to college. Then what happens? Market bubbles, bursts, and everyone is left with worthless 'assets.'
Where in the blue hell did you come up with that silly number?
We are one of the least densely populated countries in the world, and we MORE then enough food to go around. We supply most of the worlds food for crying out loud.
My bad. It was 3.79 million square miles. Still more people than land. And I suggest you visit California if we are so wide open. Besides, we need open space..for recreation, agriculture, and just plain piece of mind.
And I want us to stay one of the least densely populated countries.
My bad. It was 3.79 million square miles. Still more people than land. And I suggest you visit California if we are so wide open. Besides, we need open space..for recreation, agriculture, and just plain piece of mind.
No, not more people then there is land. 307 million Americans, that means more then one square mile per american. You need far less then that for agricultural means. Of course some of that land is really unsettleable, but in all reality, we have more food then twice our population size, we have a military that far exceeds anyone on the planet.
The value of our dollar has little bearing on the future of this nation.
No, not more people then there is land. 307 million Americans, that means more then one square mile per american. You need far less then that for agricultural means. Of course some of that land is really unsettleable, but in all reality, we have more food then twice our population size, we have a military that far exceeds anyone on the planet.
The value of our dollar has little bearing on the future of this nation.
No...3.7 million Americans to 3.7 million square miles would be one per square mile for each American. I admit I am tired, but I don't think my math is that poor-307,000,000 is still greater than 300,700,000? So it's close, but still less land...
And I don't want the US to become one huge megalopolis from one ocean to another. We need open space. Lets not become a third world nation!!
As for producing more food...I don't see how that is relevant here, but you do realize it is because of huge, mainly-mechanized (therefore employ few) agribusinesses, the same type of corporations the Occupooers are railing against? Small,family-run farms are being run out of business. And the huge agribusinesses get an unequal and unfair larger share of farm subsidies.
I think the key here is...if you're going to own a home, do it for the right reasons and take your time to shop around for a good buy. Buy a home to stay in it and build equity, and because the schools are good. If you buy it as an investment, then you're getting away from the true purpose behind home ownership in the first place...which is always risky.
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It was 3.79 million square miles. Still more people than land. And I suggest you visit California if we are so wide open. Besides, we need open space..for recreation, agriculture, and just plain piece of mind.
