Economy Halfway to a recession- US GDP shrinks by .3% in Q1

[TeTe]

The idea of building 2500-3000 sq ft homes is so foreign to me living here. There's barely room to throw up a handful of 1000 sq ft houses let alone mcmasions on huge lots.

Nowadays developers are just trying to build up to build condos, which are now starter homes. Even then they'd rather rather build apartments because profit margins are thin on sale properties and they don't want to have to deal with lawsuits from HOAs several years later.

But is interesting how families have no problem making due with 1300 sq ft homes but some feel compelled to moved out of state so they can buy a house three times the size for the same price as what they bought here. It's like they're sacrificing a much better quality of life just so they can have a big fucking house. They move somewhere they have to spend 70 percent of the year indoors in their massive house cause the weather is so extreme and the geography is boring as shit

 

[Rob Battisti]

It's like they're sacrificing a much better quality of life just so they can have a big fucking house.

Why is it sacrificing a better quality of life? I can get a 3500 sqft house in Texas that was built this year for ~200k less than a ~2000sqft house built in 1970 in New Jersey. Way less taxes in Texas too.

The quality of life is way better here. Plus having a bigger house IS having a better quality of life.

 

[TeTe]

Why is it sacrificing a better quality of life? I can get a 3500 sqft house in Texas that was built this year for ~200k less than a ~2000sqft house built in 1970 in New Jersey. Way less taxes in Texas too.

The quality of life is way better here. Plus having a bigger house IS having a better quality of life.

I'd prefer to live somewhere I don't have to be inside hardly at all, year round. Drive to the mountains or Drive to the beach quickly. Eat my dinner outside in December. I can make plans to do whatever I want outdoors and never having to worry about bad weather ruining my plans.

 

[Rob Battisti]

I'd prefer to live somewhere I don't have to be inside hardly at all, year round. Drive to the mountains or Drive to the beach quickly. Eat my dinner outside in December. I can make plans to do whatever I want outdoors and never having to worry about bad weather ruining my plans.

I mean, usually a big house comes with a big yard too. But, I hear ya.

 

[Islam Imamate]

It’s not wealth it’s cost of living

Right and the reason the cost of housing is high is because of NIMBYism

Builders like building houses bigger these days because they get better profit margins vs smaller homes.

Unlike in the 1950s, we now have cheap and mass produced building materials. On the flip side, the price of land is much more expensive, so it makes the most economical sense for them to build larger homes to maximize the use of that land.

Even in areas where the builders are carving out the lots themselves, a 1200 sq ft single floor ranch home would occupy about the same plot of land as a 2400 sq 2 floor foot colonial. After paying for the land, the extra building materials required for the colonial wouldn't double the cost of building the home, but it could nearly double the sale price.

Developers would make even more profit off of multifamily developments but are restricted from building such units by zoning laws. Four 2/2s in a fourplex is worth more than one McMansion for both those looking to sell and those looking to rent out the property.

 

[TeTe]

I mean, usually a big house comes with a big yard too. But, I hear ya.

Just personal preference of course. But to me, I think about big houses and I see a lot more to clean, cool, heat and maintain.

But if you have a big family and live somewhere where going out every day isn't ideal, that's a trade off you have to accept.

 

[Rob Battisti]

Right and the reason the cost of housing is high is because of NIMBYism

Living not housing. Stay on target.

 

[nonoob]

Wow, we're 100 days in, vomiting your MSM fear porn is as non-stop as Kamala at a Diddy party.

Every US citizen is now safer. Every Single One, especially those on the southern border.

We give Major Thanks to Tom Homan for leading the Great Work ICE is doing 24/7.

NEXT Tom - ALL Governors and Mayors of Sanctuary States/Cities should be held accountable, some of those scumbags broke Federal Laws to enrich themselves/families/cronies and to promote and protect lawlessness That Is STILL Going On.

Follow EVERY NEW SS Account since 2000 , track ALL money stolen and prosecute thieves.

 

[Rob Battisti]

Just personal preference of course. But to me, I think about big houses and I see a lot more to clean, cool, heat and maintain.

But if you have a big family and live somewhere where going out every day isn't ideal, that's a trade off you have to accept.

I hear ya. I prefer space because I work from home.

 

[MeatheadMike]

Developers would make even more profit off of multifamily developments but are restricted from building such units by zoning laws. Four 2/2s in a fourplex is worth more than one McMansion for both those looking to sell and those looking to rent out the property.

This is true. Builder's would probably love to build these type of properties, but if an area is only zoned for single family dwellings they don't have that option. So the next best thing for them is to build the largest possibly single family property that will fit on the lot .

 

[Islam Imamate]

Living not housing. Stay on target.

Housing is almost always the single largest expense when it comes to cost of living, do you disagree that addressing that expense would significantly reduce pressure on household budgets?

 

[Rob Battisti]

Housing is almost always the single largest expense, do you disagree that addressing that expense would significantly reduce pressure on household budgets?

I literally broke it down by line item expenses. That’s just for renters!

Your solution is to do away with property tax, install a land tax, create small units and high density living. This would take two decades at least and by then inflation would still make those homes unaffordable.

But here I am shitposting about the fact that the money is the issue.

But sure, let’s have 3 kids in a 1100 sqft home. That will sure to be the case!

 

[Islam Imamate]

I literally broke it down by line item expenses. That’s just for renters!

Your solution is to do away with property tax, install a land tax, create small units and high density living. This would take two decades at least and by then inflation would still make those homes unaffordable.

Rent in Austin, whose YIMBY policies you've criticized, have fallen by ~22% last I checked so I don't think it'll take two decades to correct the housing market.

But here I am shitposting about the fact that the money is the issue.

What do you even mean by that?

But sure, let’s have 3 kids in a 1100 sqft home. That will sure to be the case!

That's literally what happened when America had a baby boom.

 

[Jacket time]

 

[Rob Battisti]

Rent in Austin, whose YIMBY policies you've criticized, have fallen by ~22% last I checked so I don't think it'll take two decades to correct the housing market.

What do you even mean by that?

That's literally what happened when America had a baby boom.

Are you hoping to be king of shit takes?

 

[Islam Imamate]

Are you hoping to be king of shit takes?

That's rich coming from you.

If you want to address what I wrote there feel free to or you can keep shitposting as usual. Choice is yours.

 

[Cartiac]

Developers would make even more profit off of multifamily developments but are restricted from building such units by zoning laws. Four 2/2s in a fourplex is worth more than one McMansion for both those looking to sell and those looking to rent out the property.

I don't know where you are but in San Diego developers have found it only takes a few dollars into the Mayor's pocket to build an entire apartment complex on a SFH zoned lot. Zoning laws only set the cost to build here.

 

[Rob Battisti]

That's rich coming from you.

If you want to address what I wrote there feel free to or you can keep shitposting as usual. Choice is yours.

Everything you said is shit.

A. The home price drop in Austin has nothing to do with YIMBY. Austin is one of the few cities which over developed and prices(like in most places) were negatively impacted. The ADUs just recently passed and haven’t even been installed in numbers which could impact the overall market.

B. Money being the issue has to do with the cost of living(something you’ve avoided this entire time because of your obsession with tiny homes) alongside inflation and debasement. Even adding an additional million homes a year on top of the 1.4 million built yearly wouldn’t make a dent in the overall market if they were ~1100 sqft feet. The market for small homes would drop, but no family is going to willingly leave a 2000 sqft home to move into a 1100 sqft home.

Additionally, by the time you add those 10 million tiny homes, inflation would have cause the purchasing power of the dollar to drop another 25-35% over those 10 years. So WOW you built 10 million tiny homes and maybe reduced the cost of entry homes by 10%… meanwhile your dollar debased by ~30% and your wages might rise by 10%.

This does NOTHING to impact affordability.

ITS THE MONEY.

C. During the baby boom women didn’t work and they didn’t have to pay for child care. So even if people live in 1100 sqft homes(they won’t) who tf is taking care of the kids when it’s 2k per kid for childcare?

Back to the topic as hand.

HOMES GETTING BIGGER HAS NOTHING TO DO WITH PEOPLE HAVING LESS KIDS.

You ignored my cost breakdown which wasn’t even with OWNING a home it was RENTING.

 

[Rob Battisti]

Btw homelessness is up 36% in Austin so YIMBY policies ain’t doing jack shit for the homeless

 

[HereticBD]

Btw homelessness is up 36% in Austin so YIMBY policies ain’t doing jack shit for the homeless

In fairness, given his positions on, well, everything, I don't think Modhammad has owned a damn thing in his life, and can't comprehend these subjects, past whatever Reddit post he read sometime.