Elections Kamala Harris for POTUS

[WuDi]

I strongly disagree, the influence of large investment firms is widely overstated and the real source of the housing crisis is excessive local regulations which stymie the ability of developers to properly build enough housing to meet demand within city limits. Its not developers telling you that you can't convert your single family home into a duplex or build an ADU in your yard, its your NIMBY neighbors.

Land, housing and building material prices have been gauged to the point where vast majority of the population can't afford them.

Home ownership rate was going up until 2004.

What happened in 2004 in relation to the real estate market in usa​

Based on the provided search results, here’s a summary of what happened in 2004 in relation to the real estate market in the USA:

• Housing prices continued to rise: According to the Emerging Trends in Real Estate 2004 report, national home prices rose an additional 20% between January 2004 and January 2006, adjusted for inflation, despite rents trending down and mortgage rates trending up.
• Interest rates remained low: The Federal Reserve kept interest rates low, with the benchmark rate peaking at 2.0% in June 2004 and remaining at 1.75% for most of the year.
• Subprime lending grew: Insatiable investor demand for mortgage-related investments drove the growth of subprime lending, which led to the proliferation of creative and risky mortgage products.
• Regional price increases: Certain regions, such as Arizona, California, Florida, Hawaii, and Nevada, experienced price increases exceeding 25% per year.
• Concerns about economy and job growth: Real estate investors were cautious, with many expressing pessimistic or less-than-sanguine outlooks due to concerns about the economy and job growth.
• Fed starts raising interest rates: Although interest rates remained low overall, the Federal Reserve started raising its benchmark rate in 2004, reaching 2.25% by December, as a precautionary measure to cool the housing market.

 

[DoctorTaco]

It's brilliant now they can't go after Joe's age they're trying everything to discredit her. I love it.

They’re panic wrestling

 

[Islam Imamate]

Land, housing and building material prices have been gauged to the point where vast majority of the population can't afford them.

Home ownership rate was going up until 2004.

Housing prices are going up primarily because of lack of supply in high cost metro areas like NYC, SanFran, and LA.

The solution is to add more supply but the barrier to that is largely local regulations which are upheld because of NIMBYs.

 

[ShadowRun]

lol

 

[Rob Battisti]

they're colluding with their NIMBY constituents who are disproportionately older and wealthier to keep other younger, less wealthy citizens out of their neighborhoods.

Weird way to say they are voted in to represent the will of the residents in their communities and carrying out their campaign positions

 

[Islam Imamate]

Weird way to say they are voted in to represent the will of the residents in their communities and carrying out their campaign positions

You can reframe it all you want but people like you are why we have a housing crisis.

 

[WuDi]

Housing prices are going up primarily because of lack of supply in high cost metro areas like NYC, SanFran, and LA.

The solution is to add more supply but the barrier to that is largely local regulations which are upheld because of NIMBYs.

Look up data on home ownership, land and house pricing and rate of real estate investment. All 3 are strongly correlated. Investment and prices skyrocketed, pricing the general population out of the market and making our cities uglier and worse to live in. Supply would be the issue if home ownership was going up - it's going down and is well below the available supply. Of course when calculating supply you must take into account zoning laws and how the corrupt local government plays a part in creating this illusion of scarcity.

Currently there are over 3000 properties available in my vicinity, the price for properties comparable to mine is nearly 4x of what I paid for mine less than 10 years ago.

 

[SurferH2O]

^^^ The reason why Kamala Harris does not interviews or press conferences. She needs her voters ignorant.

 

[Islam Imamate]

Look up data on home ownership, land and house pricing and rate of real estate investment. All 3 are strongly correlated. Investment and prices skyrocketed, pricing the general population out of the market and making our cities uglier and worse to live in. Supply would be the issue if home ownership was going up - it's going down and is well below the available supply. Of course when calculating supply you must take into account zoning laws and how the corrupt local government plays a part in creating this illusion of scarcity.

Currently there are over 3000 properties available in my vicinity, the price for properties comparable to mine is nearly 4x of what I paid for mine less than 10 years ago.

Even if real estate investment was the primary driver of soaring home prices(its not, its low supply), the largest category of investor in the housing market is the small investor with ten properties or fewer, not corporate landlords.

 

[Rob Battisti]

You can reframe it all you want but people like you are why we have a housing crisis.

lol I’m not reframing it. They are elected politicians enforcing the will of the people. You said they were colluding with them.

 

[Islam Imamate]

lol I’m not reframing it. They are elected politicians enforcing the will of the people. You said they were colluding with them.

I was using the term "colluding" because that was the phrasing that other guy used but I don't think NIMBY voters electing NIMBY politicians is collusion anymore than developers and investors contributing to campaigns for their preferred politicians is collusion.

 

[Rob Battisti]

I was using the term "colluding" because that was the phrasing that other guy used but I don't think NIMBY voters electing NIMBY politicians is collusion anymore than developers and investors contributing to campaigns for their preferred politicians is collusion.

I mean, I don’t think people casting votes in collusion in any instance.

Developers and investors contributing to campaigns to get preferential treatment is closer to collusion. I’d prefer to get all money out of politics.

 

[Islam Imamate]

I mean, I don’t think people casting votes in collusion in any instance.

Developers and investors contributing to campaigns to get preferential treatment is closer to collusion. I’d prefer to get all money out of politics.

Collusion by definition implies illegality and dishonesty and there's nothing inherently illegal or dishonest about campaign contributions to your preferred politician. Further its just not true that large investors are having this gargantuan impact on home prices when compared to NIMBYs who assert that much of the best suburban land in our major metro areas is off limits for further development.

 

[SurferH2O]

I wonder how much such coverage is worth financially for the campaigns. I mean that's totally free.

 

[luckyshot]

Once again, I’m also saying republicans suck.

Ah, yes. A plague on both houses.

The only problem is that one house is not like the other.

One is proposing solutions that can be criticized.

The other is proposing no solutions and content to just criticize.

If you look at that fundamental dynamic and conclude "both sides equally bad," we are in disagreement.

Don't get offended, but is it natural for you to repeat propaganda lines and terminology? It's fascinating how the lefties repeat and express the exact same views using the exact same wording.
If it is, then I would almost be keen on believing that the media isn't actually centrally controlled and corrupt, but rather it's an effect of extremely strong echo chamber.

Don't be offended, but please address the substance of the argument or stfu.

 

[WuDi]

Even if real estate investment was the primary driver of soaring home prices(its not, its low supply), the largest category of investor in the housing market is the small investor with ten properties or fewer, not corporate landlords.

What is the point exactly? Strict zoning laws with enforced family dwelling zones, and heavy taxation of investment property would resolve the issue. Trump is talking about half of the equation. Kamala is talking about lining investors and developers pockets with an extra $25k.

 

[luckyshot]

I wonder how much such coverage is worth financially for the campaigns. I mean that's totally free.

Hmm... Fox isn't the largest network in the US I guess...how about a modicum of critical thinking before you mindlessly repost crap?

 

[filthybliss]

I wonder how much such coverage is worth financially for the campaigns. I mean that's totally free.

Maybe Trump should be a better person if he wants more positive things said about him? But yes, its everyones fault for not approving of his lack of decorum.

 

[SurferH2O]

Maybe Trump should be a better person if he wants more positive things said about him? But yes, its everyones fault for not approving of his lack of decorum.

^^^^ Manipulate me harder Daddy.

Why don't you just say that and be honest?

 

[filthybliss]

^^^^ Manipulate me harder Daddy.

Why don't you just say that and be honest?

I am not into MAGA rolepay, man. Sorry. But yeah, you should probably hold Trump accountable for his actions, he's a grown up.