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No. There's a difference between working hard and smart and delaying gratification over a span of decades... vs. a feeling of deserving something for merely having been squirted into the world and being a digestive tube...
We are all working, and all trying to afford ROOFS. And roofs are getting insanely expensive with no slowdown in sight. Therefor we need more supply.
The answer is simple. Just start an apartment building business. You can even call it "Happiness-is-close Multi Family Homes"
Then buy some land, hire land-use attorneys to secure the proper zoning, hire environmental engineers to prepare environmental impact studies, hire architects and consulting engineers to develop plans, submit them to the city or county building department, and then in 3 to 5 months or so you'll get back comments; then fix the documents to address the comments & resubmit.
Once approved, then hire a general contractor to actually build the multi family apartment homes.
Then rent them out at a nice, low monthly rental rate.
The answer is simple. Just start an apartment building business. You can even call it "Happiness-is-close Multi Family Homes"
Then buy some land, hire land-use attorneys to secure the proper zoning, hire environmental engineers to prepare environmental impact studies, hire architects and consulting engineers to develop plans, submit them to the city or county building department, and then in 3 to 5 months or so you'll get back comments; then fix the documents to address the comments & resubmit.
Once approved, then hire a general contractor to actually build the multi family apartment homes.
Then rent them out at a nice, low monthly rental rate.
Make sense?
You gonna give me the loan? Sounds pricey! I would do it though if I had the funds.
How many graphs do you need to be shown that, YES IT IS A NATIONWIDE CRISIS!
Moderator cut: link removed, linking to competitor sites is not allowed
Rent moved right along with buying until 1990 (SHOCKER, the end of the last multi-family housing boom) when rent started to outpace housing. Following the last recession rent soared past housing, and continues to skyrocket further. The ratio of rent cost vs buying is insane today and we need millions more supply to stop rents from skyrocketing further.
Rent prices have shown zero cyclical characteristics for as long as they have been recorded back to the 1970s. They ALWAYS GO UP, and they go up drastically more when there is no supply to mitigate the demand.
Funny, because I pulled up Tampa metro apartments and found over 2000 available right now for under $1000
Over 1000 in Miami metro, over 700 in Jacksonville metro, 300 in Orlando.
If there were no affordable rental units out there, these would have had a waiting list and they wouldn't have to list them as available.
This nationwide CRISIS!!!!!!! that you are going on and on about can easily be shown as not much of a crisis by simply showing that there ARE IN FACT units available all over the place for under $1000 a month even in metro areas. Maybe they aren't the location that you want, but they are in fact out there.
The fact that you seemed aghast at the idea of looking at and moving to a less expensive part of the country, a 'middle of nowhere' type place. It strikes me as a little condescending. I don't know, maybe I'm misreading you.
I've seen this attitude in a few friends and acquaintances, extended family, some of my girlfriend's family -- this complaining about how much things cost while insisting that the ONLY place that's worthy is a cosmopolitan city with all the amenities. The attitude exists, maybe I'm wrong about you having it.
The answer is simple. Just start an apartment building business. You can even call it "Happiness-is-close Multi Family Homes"
Then buy some land, hire land-use attorneys to secure the proper zoning, hire environmental engineers to prepare environmental impact studies, hire architects and consulting engineers to develop plans, submit them to the city or county building department, and then in 3 to 5 months or so you'll get back comments; then fix the documents to address the comments & resubmit.
Once approved, then hire a general contractor to actually build the multi family apartment homes.
Then rent them out at a nice, low monthly rental rate.
Make sense?
Nope, you make zero sense. Your 'solution' in completely INactionable by, and an insult to, rent slaves.
Funny, because I pulled up Tampa metro apartments and found over 2000 available right now for under $1000
Over 1000 in Miami metro, over 700 in Jacksonville metro, 300 in Orlando.
If there were no affordable rental units out there, these would have had a waiting list and they wouldn't have to list them as available.
This nationwide CRISIS!!!!!!! that you are going on and on about can easily be shown as not much of a crisis by simply showing that there ARE IN FACT units available all over the place for under $1000 a month even in metro areas. Maybe they aren't the location that you want, but they are in fact out there.
Oh yeah. Post one. Remember to that the face rental price is but one piece of actually cost. You also have fees associated with rent, water, electric isn't included, as well as rental insurance. Whatever you see for the cost of rent you actually need to add about $200 additional things to it that people either can't rent or can't live without.
It is. That's the point. Who would want to do all this?
An established builder. One who has the business already but it currently only building expensive apartments.
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