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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 1 year ago by NatalieBiden 1 year 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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▲ 16 ▼
– FutaCumDiet 16 points 1 year ago +16 / -0

if you're okay with dumping an unknown amount of money to patch up and a crack shack in the middle of fucking nowhere, you too can have piece of property that you'll only ever lease from the government for your entire life

And how long will those places stay cheap because, sooner or later, people are going to start moving into this "cheap" places. Which causes demand. Maybe, just maybe, we actually look at why houses are so expensive instead of insisting that people just pack up everything and move their entire life to another state.

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▲ 6 ▼
– Assassin47 6 points 1 year ago +6 / -0

Right. If it's a "fixer upper" you've got to include the cost of fixer-uppering in the house price.

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▲ 5 ▼
– HallucinatoryBeing 5 points 1 year ago +5 / -0

Expecting rentoids to change a furnace filter, much less completely rehab a fixer-upper, is a big ask. These shit boxes are only really affordable if you're somewhat handy, not if you call the landlord for everything.

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▲ 5 ▼
– MargarineMongoose 5 points 1 year ago +5 / -0

Some of this is down to a failure of generational knowledge transfer honestly. Sure you can look up a youtube video for most of this stuff, but it was supposed to be practical skills imparted to you from your father. How many people grew up without fathers? How many present fathers failed to hand down the knowledge? How many were just bad at handing down the knowledge? There's been catastrophic breakdowns in the knowledge chain over the past few generations.

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▲ 2 ▼
– when_we_win_remember 2 points 1 year ago +2 / -0

Ain't "you" the landlord?

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▲ 1 ▼
– elleand202 1 point 1 year ago +1 / -0

See when people move into these neighborhoods and start fixing them up, the leftists start screeching and calling it gentrification.

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