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51
Every government policy since LBJ has been designed to increase house prices. Have fun buying a house! (www.fxhedgers.com)
posted 2 years ago by NatalieBiden 2 years ago by NatalieBiden +51 / -0
Politicians Broke the Housing Market ... Again
How the political establishment broke America's housing market, maybe forever
www.fxhedgers.com
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▲ 18 ▼
– FrozeInFear 18 points 2 years ago +18 / -0

One should also consider cultural changes over the years. Women who don't need no men, but do need their own living spaces. The steady stream of immigrants, legal or not. Increased proportion of singles living apart.
I don't know if there is much that has gone on that would help lower demand for housing except for recent crime problems rearing up in a few blue states.

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▲ 11 ▼
– HallucinatoryBeing 11 points 2 years ago +11 / -0

War tends to lower housing demand, if only because the demand is literally dead.

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▲ 3 ▼
– FrozeInFear 3 points 2 years ago +3 / -0

Nice. I definitely glazed over that, but my ignorance also has me thinking the US hasn't really lost that many men to war after WWII. At least not enough to decrease the overall population/number of "households."

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▲ 3 ▼
– HallucinatoryBeing 3 points 2 years ago +3 / -0

We live in interesting times.

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▲ 10 ▼
– AccountWasFree 10 points 2 years ago +10 / -0

You should also consider the change in standards. Do you think the average first home buyer in the 60s was looking for a house with excess rooms? Most were shitty things with maybe 5 rooms (main bedroom, kitchen, bathroom, dining and either a lounge/living area or a second bedroom for kids). Contrast with today and the standard seems to be 3 bedroom minimum with two living spaces, each with their own TV. Which also applies to other aspects like technological standards, including things like AC, heating or general appliances.

The reality is that the standards of the footprint of a home has increased over the years, as has the standards of what is included in a home. This has priced more and more people out of the market as they refuse to lower their standards, because let's be real: these freaks aren't even remotely ready to lower their lives to the standards of the 60s, but they want 60s prices.

Never let them get away with double standards. They want the prices of back then, they have to live like back then, and maybe it might be feasible for their min wage mooching asses.

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