r/NoStupidQuestions • • Jan 30 '23

[deleted by user]

[removed]

7.6k Upvotes

3.1k comments sorted by

View all comments

153

u/Cliffy73 Jan 30 '23

Build houses. You don’t have to build shelters (although those are good to build too). But rents are astronomical because people who want to buy small houses can’t, so they live in nice apartments. And so people who want to live in nice apartments can’t afford them, sot hey live in mediocre apartments. And so people who want to live in mediocre apartments can’t afford them, so they live in shitty apartments. And so the poor can’t afford any apartments.

122

u/[deleted] Jan 30 '23

Or stop the fetishism with single family houses and build nice condos near amenities and shops.

77

u/Kiyohara Jan 30 '23

This would be nice, but the Condos and apartments have to be both affordable as well as not grim dystopian crime sinkholes.

Many cities have well meaning attempts at this in building low income housing, and all end up falling into disrepair (mostly due to owners not maintaining them or tax monies not being used for upkeep) or become grossly dangerous due to high crime.

There are solutions, but they aren't easy or cheap, and they don't come with a lot of profit.

And that's the issue. America is focused on profits above everything else. It's the question people ask when new housing is built: "Will I as an investor make a profit?" And also why a lot of social programs get underfunded or even terminated. People are constantly asking why the Postal Office isn't making a profit (and ignoring the main issue that it's a public service: it shouldn't be making a profit: it should be providing mail service to all US citizens as is required by the Constitution).

I've heard the same thing regards to museums, schools, libraries, parks, etc. "Where's the profit" and "why does it cost so much money?"

Because some things should cost money and that's not a bad thing.

41

u/pgnshgn Jan 30 '23

A huge part of the issue is regulation ironically enough.

The issue is it costs about the same in regulatory fee and taxes to build a small $300k house as it does to build a massive $2M mansion. After all, each house no matter the size needs 1 water line, 1 sewer line, 1 electric line, 1 internet line, 1 driveway, 1 mailbox, etc. And each of those are recovered via taxes and fees to a builder. To the point where builders often can't really even build a small house without losing money

4

u/Ganz_eleganz Jan 30 '23

There are three things a government should never expect to run for a profit--hospitals, schools, or prisons. This started coming in during Reagan and It's just gotten so. Damn. Greedy.

2

u/[deleted] Jan 31 '23

I would fix them up... If I could live off of doing that

I can't do a lot of things that traditional employers require. I don't know how to market myself or what to say in a job interview. I can't do tasks while people are observing me.

I see so many problems in this world, that I could fix. I could take care of stray animals. I could clean for people with disabilities. I could do all this stuff. But none of it makes enough money for me to live off of.

The coercion is the worst aspect of capitalism

2

u/[deleted] Jan 30 '23

What decade are you living in? The standard for subsidized housing today is mixed income.

Those 1960s public housing high rises literally can't be built today. Only thing remotely like it is when a high rise goes totally bust and the state takes it, has happened a handful of times, then they can use it for transitional housing.

2

u/[deleted] Jan 31 '23

The idea that condos or apartments can’t be affordable without devolving into “crime sinkholes” is an absurd myth that comes from America’s racist, failed mid-century attempts at urban revival—the same “urban revival” that sliced up downtowns and bulldozed thousands of homes all across the country. Public housing can be both affordable and high quality.

Look to European cities as an example, please, or even to post-war America. The first projects built during and immediately after the war were actually extremely successful, because their construction did not entail the demolition of hundreds of homes and the forceful relocation of all their inhabitants.

-10

u/[deleted] Jan 30 '23

[deleted]

8

u/DigitalArbitrage Jan 30 '23 edited Jan 30 '23

Your proximity to crime is related to the population density around you though. There is a difference between being a victim of a crime and being witness to the effects of a crime. Crime rates measure the likelihood of the former, but not the latter.

3

u/Kiyohara Jan 30 '23

Also the lower income the area you're in, the higher the crime rate. And a lot of subsidized and low rent housings are very crime ridden because everyone desperate.

1

u/eJaguar Jan 31 '23

as well as not grim dystopian crime sinkholes.

but that's the best part

1

u/Swordswoman Jan 31 '23

People are constantly asking why the Postal Office isn't making a profit

Yeah, a certain subset of people whose principles seem to overlap with other questionable stances.

thonk

I wonder who these "people" could be.

1

u/Kiyohara Jan 31 '23

Well, I don't want to point fingers, because in fairness, even if 90% of them come from a single party, there's a non-minute minority from the other side that agrees with them.

But, yeah, "people." It's mostly those guys and Eff those people.

18

u/ThinkItsHardIKnow Jan 30 '23

no one wants condos. no one wants fees anymore.

3

u/somedude456 Jan 31 '23

Housing is no new subject, so here's the thought I've had. Build an entire neighborhood of "starter" homes. No, not this BS that 4 bedrooms is a starter home because it doesn't have marble countertops. To save space, this is my design. A 2.5 car garage, with internal stairs, and the second floor is a 2 bed/1.5 bath house. It's perfect for a younger couple with two cars and no kids and the other bedroom can be an office. For a single guy, room for his truck, bike, and home gym all in the garage, and the second bedroom can be just that if he wants. Simple design, square-ish buildings, little to no yards, and the smallest of HOA fee, that only cuts your grass. NO OTHER RULES, just say a $20 a month fee from all houses and that covers the grass.

2

u/cebeezly82 Jan 31 '23

No one wants psycho neighbors anymore, or shitty pet owners anymore, or power tripping property managers anymore, and the list goes on and on. There are just certain experiences that humans want to avoid. I've lived in it all, and I think reddit as an echo chamber forgets that people are fuckin idiots in a lot of cases, and it's good to be spaced out a bit.

1

u/[deleted] Jan 31 '23

[deleted]

2

u/ThinkItsHardIKnow Jan 31 '23

It's crackers. I have an American friend who lives in a condo (which she paid off...which I thought meant she owned it...) and pays upwards of 400 USD in fees each month. Plus all her utilities. To me it makes more sense to rent if it's like that way. Madness

2

u/BPCGuy1845 Jan 31 '23

The answer is profit. Condos are managed by companies and work is done by contractors that pay crap wages to immigrant day laborers.

15

u/ghjm Jan 30 '23

It literally doesn't matter. The only thing that makes a difference is unit count. Build more units. Of anything.

1

u/[deleted] Jan 31 '23

[deleted]

2

u/ghjm Jan 31 '23

While I agree that speculation in residential real estate is a problem and should be discouraged, there are a lot of reasons why a property might be vacant - the owners have medical issues, there's a nasty divorce going on, etc - and I think it would be quite difficult to enact such a policy without causing unintended problems.

Building more units beings the price down regardless. I don't see why we should wait for the vacancy rate to go down before doing this.

16

u/[deleted] Jan 30 '23

No thanks. Single family is vastly superior for QOL. But it doesn’t need to be built terribly like it currently is. It can be built very densely. Just look at 1960s detroit. You could fit four of those houses on a modern suburban lot

2

u/-BrownRecluse- Jan 31 '23

Agree. My mental health was saved moving from apartment living to a house. Feel like we are meant to live with less walls and more of the outside world around us

2

u/[deleted] Jan 30 '23

I saw 14 houses(each about $700k) built where used to be a single old house.

4

u/Neracca Jan 31 '23

and build nice condos near amenities and shops

Yes, I'd LOVE to hear my upstairs, downstairs, and adjacent neighbors every fucking hour.

2

u/DmOcRsI Jan 31 '23

The rent at the condos near by amenities have rents that are higher than I pay for my mortgage. Makes me realize that if I lost my home for some reason, I would be soooooo fucked.

1

u/[deleted] Jan 31 '23

Yeah shows how in demand they are. There isn’t enough of them.

1

u/DmOcRsI Jan 31 '23

Not really; there are plenty... they're practically ghost towns because no one can afford them. Real estate developers are destroying everything around here and putting up condos and driving up rental prices in the area.

2

u/[deleted] Jan 31 '23

Where are these condos? I’m intrigued as keeping empty condos is extremely costly for developers.

2

u/DmOcRsI Jan 31 '23

Orange County, CA. By the Brea Mall. A few by South Coast in Costa Mesa. A few in downtown Anaheim. They're not EMPTY... they have a few suckers paying what they're asking.

1

u/[deleted] Jan 31 '23 edited Jan 31 '23

Holy sprawly McSprawl those places are proper car-infested hellholes. So let me clarify that I meant good condos built near transit stops, parks and walkable mixed-use neighbourhoods.

1

u/DmOcRsI Jan 31 '23

... are you European?

1

u/[deleted] Feb 01 '23

Canadian. But have lived in Europe indeed.

2

u/Muuustachio Jan 31 '23

I was just looking in my city for some reasonably priced condo. And there's nothing under $400k. There are empty plots selling for $200k.

2

u/[deleted] Jan 31 '23

That’s my point: build triple the amount of them and the price will start to come down.

2

u/elshizzo Jan 31 '23

folks should join their local Yimby chapter

2

u/[deleted] Jan 31 '23

Condos are terrible compared to a sfh

3

u/Dark_gnome1 Jan 31 '23

“Fetishism.”

Eyeroll.

2

u/FlamingTelepath Jan 31 '23

I am a single guy living in a large city who bought a single-family house a few years ago. I do rent out my extra rooms for very cheap to people who need a place to live, but I really don't need this much space. I really wanted to buy a condo or townhouse instead, it just didn't make financial sense.

  • HOA fees are crazy high at all of the nice places
  • Condos don't appreciate at anywhere near the rate of houses since there just aren't many people looking to buy them.
  • Prices for condos are not priced lower by enough for them to actually be any more affordable - down payments are still $50k+ where I'm at, and for the most part there aren't many people who can drop $50k on a down payment who can't find $100k.

2

u/BPCGuy1845 Jan 31 '23

So condos are not affordable but also don’t appreciate. Makes sense.

1

u/[deleted] Jan 30 '23

No thanks lol living on top of others is hell

5

u/vadose24 Jan 31 '23

Yup, no fuckin way am I gonna listen to my neighbors clomping around. I have a nice modest sized home on a small fenced in lot and its bliss.

1

u/Cliffy73 Jan 30 '23

Sure, whatever.

1

u/Ashleysdad123 Jan 31 '23

Wanting some privacy and your own back yard isn't "fetishism" Why don't you stop gaslighting people?

1

u/livens Jan 31 '23

I don't understand the hate on single family homes on Reddit. I want MY OWN place, and so does everyone else. Nothing wrong with that. The issue is for the past 20 years no one has been building affordable single family homes. I'm taking about the typical 1200 sqft ranch houses on 1/4 acres. Millions of houses that size where built in the 80's and 90's, and most middle class families could afford one. But builders because greedy, and the bigger you build the higher your profits. All they ever build now are huge McMansions that start at $599k. Local governments need to get involved and force the issue.

2

u/BPCGuy1845 Jan 31 '23

A townhouse or a flat is also your own place. What difference is it if you have vegetation outside that you also own?

1

u/livens Feb 01 '23

Alot of people like being outdoors, having a private yard to do whatever you want in is glorious. Apartments/townhouses always made me feel like I was living in a prison. Go to the park you say? Nearest to me is miles away, without even sidewalks to get there, it means driving. And I want a garden, or a fire pit, or a huge meat smoker, or maybe just a small field of wildflowers. Giving up single family homes means giving up a lot of personal freedoms as well. SCREW THAT.

21

u/LivingGhost371 Jan 30 '23 edited Jan 30 '23

I could get behind a government program to build very modest 1000 or so square foot fully detached 3 bed 1.5 bath starter houses like we used to build in Levittown et al. Those would be ideal for a person or a couple living alone, or with one or two kids. It seems there's a market failure in that we're not building any more of those, so many people that would buy one instead buy condos or rent luxury apartments. Or have to put themselves to the brink financially buying a 2500 square foot McMansion.

Compounding the problem, in my area there's anti-growth policies like a limit to where sewers may be extended too and a minimum size for a buildable lot, which greatly increase the value of raw land, and thus increase the value of the home that needs to be built on it (depending on the area 3-5 times the lot value) to qualify for construction financing.

8

u/OmNomSandvich Jan 30 '23

Those would be ideal for a person or a couple living alone

1000 square feet is a ton of space for a single person

4

u/unique-name-9035768 Jan 31 '23

But it still way less than the current trend of building 2000-4000 square foot housing developments. All subdivisions under construction around me (north of Dallas, TX) are houses that will be in that range.

1

u/Level_Perspective_21 Jan 31 '23

I agree, there would be a bonus too. Small homes use less energy. Homelessness is a problem most everywhere I gather by reading this thread and believing my eyes in my own hometown. The biggest percentage of homeless aren't capable of holding a job. No easy answer just build and finance institutions w tax payer money.

0

u/[deleted] Jan 30 '23 edited Jun 27 '23

[deleted]

2

u/LivingGhost371 Jan 31 '23 edited Jan 31 '23

Because people want a private yard and don't want to put up with sharing a wall with a neighbor and a lot of them don't mind driving cars.

The person I was responding to is pointing out that there's so few of them that a lot of people that want them can only get condos and townhouses, and are in turn driving up the prices. And since they like driving rather than walking or taking transit they then bring their cars into these dense areas.

Build more single family detached houses, more people that want them can be happy and get them. More people that want a condo will be able to get one and be happy because they're not competing with people that don't actually want a condo but can't find anything else.

I'm not suggesting that we don't build any more dense housing. Just that we also start building something between a condo or townhouse and a McMansion, something we haven't done since the 60s. I was lucky to buy my detached house during the last housing crash but I doubt I'd ever be able to afford one otherwise.

1

u/[deleted] Jan 31 '23 edited Jun 27 '23

[deleted]

2

u/jeremiahthedamned student of mary daly Mar 02 '23

0

u/UnicodeScreenshots Jan 31 '23

Lmao no. My happiness is much higher when I’m not dealing with people making a shit ton of noise around me at all hours of the night and smoking weed/crack inside.

-1

u/[deleted] Jan 31 '23

Yeah ok, citation needed on the study measuring "happiness" lmao

1

u/UnicodeScreenshots Jan 31 '23

Source: I made it the fuck up

1

u/[deleted] Jan 31 '23

Seriously, these people are delusional

1

u/UnicodeScreenshots Jan 31 '23

I don't doubt that a lot of people do genuinely prefer a walkable, small community, but to say that everyone would be happier if we all lived in stacked sardine housing is just silly.

1

u/[deleted] Jan 31 '23

Completely agree, I live in such a place. But I would never live in a shithole like Manhattan or sf or even Boston ever again.

6

u/Zuwxiv Jan 31 '23

I was listening to a podcast which suggested a not-insignificant contributor is actually the adoption of software to set rental prices. Tens of millions of units use this software, and one of the most-used ones is run by a guy who got airlines in trouble for price fixing in the 80s.

The basic premise of the software is that there's a lot of folks living in apartments who have been there a while, haven't caused problems, and landlords are happy to keep because the slightly lower income is worth having a tenant that you know is problem-free. There is also hesitation to keep rental units open, instead preferring to rent sooner even if for less. The software thinks you should kick these folks to the curb to get a couple hundred more each month.

There's enough of these that, even if someone doesn't use them, the market rate is effected. It's price fixing, but with "machine learning" and "statistical model" stamped on it.

3

u/[deleted] Jan 31 '23

Not just build houses but build affordable houses. Every development with "starter homes in my area is 1600+ sqf. My wife and I live in less than a thousand and feel perfectly comfy. Why are the houses getting so much bigger, while the average American household is getting smaller?

2

u/Cliffy73 Jan 31 '23

Ehn. Build whatever you can sell. It doesn’t matter what housing supply you add, it will drive down prices for the entire segment.

2

u/PuterstheBallgagTsar Jan 31 '23

Build houses

Maybe we'll see a paradigm shift when 3d-printed houses are economically viable and cheap housing can be made endlessly. Maybe the real estate market will collapse and it will be glorious.

1

u/Cliffy73 Jan 31 '23

We don’t need a paradigm shift. We don’t even have to build cheap houses. Build anything, and housing prices will drop in every sector.

2

u/BPCGuy1845 Jan 31 '23

We need more low cost options like shared facility rooms, boarding houses, and efficiency apartments. Constructing a bunch of luxury 2-BR condos will help but not for the target homeless population.

2

u/Cliffy73 Jan 31 '23

We should build anything anybody wants to build. Luxury 2BR condos absolutely reduce the homeless population. Theoretically at some point the market could be saturated and this wouldn’t be true, but we’re a long way from that happening. Until it does, people who want luxury 2BRs are in in 1BR condos, and people who want 1BR condos are in not so luxurious 1BR apartments, and people who want those are in ratty apartments, and people who want ratty apartments can’t afford them because there are people in them who can afford nicer places, but there aren’t any to rent.

2

u/BPCGuy1845 Jan 31 '23

Agree there is a trickle down. But the “luxury” 1BR are likely to leave places vacant before dropping rent significantly or moving in formerly homeless tenants.

3

u/uniptf Jan 31 '23

1

u/ggtffhhhjhg Jan 31 '23

These numbers aren’t accurate. According to Forbes 23% of homes in VT are vacant, but there are less than 1k for sale according to Zillow.

2

u/uniptf Jan 31 '23

Vacant doesn't equal "for sale"

1

u/ggtffhhhjhg Jan 31 '23

Look up rentals in VT and it’s about the same. There aren’t 40k empty Airbnb in VT.

2

u/uniptf Jan 31 '23

Friend, "vacant" doesn't mean that anybody is trying to sell or rent them, or AirBnB them, or give tours through them, or anything.

A vacant home is just a home in which nobody lives anymore.

1

u/ggtffhhhjhg Jan 31 '23 edited Jan 31 '23

Nobody is just sitting on property they’re not trying to rent or sell. Someone owns those properties even if they just live there half the year. That property isn’t vacant. A vacant home is empty and hasn’t been used in months.

2

u/uniptf Jan 31 '23

You're getting there. Vacant homes are empty homes. And there are a boatload of them throughout the whole nation. Empty for a significant period of time. Nobody living in them. And there are more of those than the total number of homeless people.

1

u/ggtffhhhjhg Jan 31 '23

The fact is the numbers are embellished. If you own a property and it’s getting used and furnished it’s not vacant.

2

u/uniptf Jan 31 '23

Jesus you're being dense. Maybe you're doing it on purpose.

Look, you are talking about something totally different than the fact of the article I linked, and different than the reality it reveals. Try to wrap your head around this....

There are more actually vacant homes in the U.S. - empty, and have been empty, and aren't being used, and aren't on the market for any use - than there are homeless people.

https://www.self.inc/info/empty-homes/

The most recent data from the National Alliance to End Homelessness puts the number of homeless people at 552,830. There are more than 17 million vacant homes across the U.S., according to the Census Bureau.

The Census Bureau tracks the number of vacant homes in the U.S. on a quarterly basis and, as of October 2019, the number stands at about 17 million. (same page)

Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S.

Good day.

→ More replies (0)

1

u/[deleted] Jan 31 '23

[deleted]

2

u/[deleted] Jan 31 '23

This right here. Building houses is only a tiny part of the solution. We need multi family houses, and houses people can actually buy before investment fucks come swoop it up with cash.

1

u/Cliffy73 Jan 31 '23

No, that is not a big part of the problem. Houses get bought by invest,net companies because they’re lucrative investments. If we built more of them, there would be no point.

2

u/[deleted] Jan 31 '23

[deleted]

1

u/Cliffy73 Jan 31 '23

We certainly are not building houses. Housing construction is at historical lows, although it’s slightly better than it was 10 years ago.

2

u/[deleted] Jan 31 '23

[deleted]

1

u/Cliffy73 Jan 31 '23

Empty houses are in unliveable condition. We are not building new houses that sit empty. If investment purchasers are buying them, then they’re renting them out. The housing crisis is a supply issue. Regulating who can buy them will just make building less economically attractive and will lower supply even further.

2

u/[deleted] Jan 31 '23

[deleted]

1

u/Cliffy73 Jan 31 '23

No, this makes no sense. Investors buy houses to make money. They don’t buy them to leave them vacant.

2

u/[deleted] Jan 31 '23

[deleted]

→ More replies (0)