MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: Marini quote:
ORIGINAL: MrRodgers So many holes in these arguments. Housing (and land) is slave to the real estate investor class where the forces of supply and demand where the supply of land and houses are reduced by zoning at the behest of the investor...not the home buyer. My uncle's house Southfield, Mi. just off 9 mile rd., within walking distance from 8 mile rd. (baseline rd. north border) It had 3 bedrooms 2.5 baths, in-ground pool, private in-law apt on the end. (never once even saw my aunt's father) Had to come down to $69,000. Why ? That's all he could get just outside Det. plenty of supply, plenty of demand...no money. Same house in Great Falls Va. $600,000. Why ? Plenty of supply, plenty of demand...earnings from govt and private contractors...had the fucking money. Builders knew they could get what ?...$6,-$7,000/mon. mortgage. Housing is not how much is it, it's...how much you got. Falls Church, Va. recently the richest city in the US. Now just how did such a tiny little city of 10-12,000 become the richest city in the US ? Builders got white collar working couples to pay $5-$6,000 a month for average 8-1,000 sq, ft. townhouses. Recessions come, rentals go up, yes up. Why ? Because people lose their homes but still need a place to live. Real estate...the single most impoverishing cost in American life. Yes, yes, highly regulated supply, reduced to satisfy the investor class...not in the interest of the homeowner. Loudoun Co. Va, recently the richest county in the US. How ? Same, get Toll Bros,, Centex, Pulte to build 8-10,000 homes 6-$800,000...presto, Now everybody else housing wise...is supremely fucked. Remember Builder's Square ? I had their RE exec. ask me...'isn't Loudoun co. a bunch of cows on farmland ? Yes and those cows were raising their calves in $300,000-$400,000 homes. Should anybody be surprised that Builder's Sq. soon folded and their owner...K-Mart too. Stupid fucks. You see housing is going to cost as much as it can and wages are as low as possible. But hey we all know all of these people choose to be homeless, they choose to be poorly paid and not able to get a roof over their heads. Fuck 'em if they can't pay the piper...zoning and speculation inflated land and housing prices. Let them eat cake and sleep in their cars. Median price of a home in SB 2013...$340,000 Median price of a home in SB 2017...just under $900,000 Rents follow home prices and can because why ? Everybody needs a place to live. Well ok, almost everybody.
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
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