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There is plenty of cheap or even virtually free housing available in major cities such as Detroit, Baltimore, St. Louis, and many others, as well as countless t
by User23 4y ago
There is plenty of cheap or even virtually free housing available in major cities such as Detroit, Baltimore, St. Louis, and many others, as well as countless trailer parks in any of countless Nowheresvilles, USA. The unspoken dirty little secret is that affordability complaints are really about housing that is around the kind of people the buyer wants to be around and not around the kind of people the buyer doesn't want to be around.
- dgfitz 4y agoBaltimore at least is quite desperate. It’s almost a war zone there. https://foxbaltimore.com/amp/news/local/national-guard-naacp-baltimore-crime-larry-hogan-homicides-mayor-scott https://foxbaltimore.com/amp/news/local/national-guard-naacp...
- awaywithcovid 4y ago+1 There is a large stock of existing single family houses that cost as much as buying a car - $50,000. In theory, anyone with $5K down and can afford a $200/month mortgage can get a single family house in quite a number of cities. In practice, the problem with the housing market goes way beyond the economic basics of land, construction, ZIRP.
- imtringued 4y agoWealth concentration also leads to geographic concentration of jobs. So people cannot choose to live in Detroit, global investors decide where your job is going to be and where you are going to live.
- tellsor 4y agoNot to mention the weather. Part of the trade off I make personally for affordable housing is not really wanting to go outside from November to March because the weather sucks. If you live in an area that has perfect weather you are always going to have a demand problem and high prices from people wanting to move to those areas.