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1   Tenpoundbass   ignore (14)   2019 May 21, 11:09am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Ameirca's American Dream home ownership is now being held hostage by Rent Seeker's Unrealistic Real Estate Values.

Nodody else may never have a new house built if it means healthy inventory in the US housing supply.

Why is our economic policy being dictated by NAR?

Come on Trump announce 10 new Big Cities you're planning on building. A Real Estate Man didn't become President for Nothing!
2   Heraclitusstudent   ignore (2)   2019 May 21, 3:51pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Rent seekers do not decide values. The market does.
Of course the market can be artificially propped up by artificial, deliberately maintained scarcity.
People who are against more housing and deliberately maintaining all the tools that block more building: zoning, building code, permitting, etc, are evil. Plain and simple.
They are the cause of homelessness, of families living in garages, etc....
3   OccasionalCortex   ignore (3)   2019 May 21, 5:06pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
Come on Trump announce 10 new Big Cities you're planning on building.


He could probably easily do it with federal property that is owned in California itself. Follow the British post-war system for building the New Towns, only with free land (Feds already own it). Each town/city will have a development corp that is federally chartered and thus independent of State/Local control. They would plan the town, build the basic infrastructure (roads & utilities, schools and other public buildings) and then approve the plans by developers to build the lots after putting them up for bid. So basically, the end property buyer will pay mostly for construction and some finance costs, not land. That will certainly be cheap housing. And the dev authority could be mandated to approve so much in the city/town as 'starter homes', which developers have abandoned building elsewhere in the state.

The new towns in the United Kingdom were planned under the powers of the New Towns Act 1946 and later acts to relocate populations in poor or bombed-out housing following the Second World War. They were developed in three waves. Later developments included the expanded towns: existing towns which were substantially expanded to accommodate what was called the "overspill" population from densely populated areas of deprivation.

Designated new towns were removed from local authority control and placed under the supervision of a development corporation. These corporations were later disbanded and their assets split between local authorities and, in England, the Commission for New Towns (later English Partnerships).


https://en.wikipedia.org/wiki/New_towns_in_the_United_Kingdom
4   OccasionalCortex   ignore (3)   2019 May 21, 5:13pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

There was no 'plan'. This was just a political stunt. Period.
5   Ceffer   ignore (1)   2019 May 21, 5:20pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Maybe the requirement for every new development to have 60 percent section 8 ghetto transplants and subsidized loans and free interim housing for illegal aliens put a slight damper on the plans.
6   georgeliberte   ignore (0)   2019 May 22, 6:33am   ↑ like (0)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
"The new towns in the United Kingdom were planned under the powers of the New Towns Act 1946 and later acts to relocate populations in poor or bombed-out housing following the Second World War. They were developed in three waves. Later developments included the expanded towns: existing towns which were substantially expanded to accommodate what was called the "overspill" population from densely populated areas of deprivation."
This is nothing short of brilliant.Suddenly, privileged NIMBY rent-seekers would become YIMBY. Where would Pelosi and Feinsten fall out on this? The possibilities are endless.
7   georgeliberte   ignore (0)   2019 May 22, 6:33am   ↑ like (0)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
"The new towns in the United Kingdom were planned under the powers of the New Towns Act 1946 and later acts to relocate populations in poor or bombed-out housing following the Second World War. They were developed in three waves. Later developments included the expanded towns: existing towns which were substantially expanded to accommodate what was called the "overspill" population from densely populated areas of deprivation."
This is nothing short of brilliant.Suddenly, privileged NIMBY rent-seekers would become YIMBY. Where would Pelosi and Feinsten fall out on this? The possibilities are endless.
8   Tenpoundbass   ignore (14)   2019 May 22, 7:45am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Heraclitusstudent says
Rent seekers do not decide values. The market does.


Rent seekers lobby for the moratorium to halt new development.
Rent seekers buy up distressed inventory, so home seekers can't buy them. The banks wont lend the puny amounts of cash required to pick up those properties. And in most cases the bank is working in tandem with the investors that score those cheap houses. And distress them themselves by hiring a handy man to go rip out the kitchen and bathroom fixtures.
Rent Seekers will show up at the courthouse steps and bid that cheep auction house up to the level wont bring the other prices down.
Rent Seekers Build Multi Unit Rental complexes and charge high rent to prop up home prices.
Rent Seekers will flip a house between themselves to keep the price high.
9   Tenpoundbass   ignore (14)   2019 May 22, 7:50am   ↑ like (2)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
He could probably easily do it with federal property that is owned in California itself. Follow the British post-war system for building the New Towns


Just look at Chinese Model. If Xi were to start a Lottery where if your number is pulled you have to move out of the over populated City and move to one of the Ghost Cities.
Then not only that but give an incentive where a deferred Loan is given to some of those relocated to start a business of their service, profession or skill they carried with them from the previous city.

China would build a great consumer society that would rival America from post war through the 80's.
I think that was the original plan, before he realized that kind of economic freedom does not bode well with Communist Dictatorship.

I would like to see small towns built up, rather than starting from scratch.

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