5 ms·

It’s not uncommon to have a winter and summer home.

by xwdv 4y ago

nameless912 4y ago
...I would say it's _quite_ uncommon to have a winter and summer home.
ncallaway 4y ago
While it may not be uncommon, I would say it shouldn’t be subsidized (at least until there homeless population is 0). The government should not be subsidizing anyone going for a second slice of cake, when there are lots of people who haven’t had a first slice.
- JumpCrisscross 4y ago
  > it shouldn’t be subsidized (at least until there homeless population is 0) Mortgage subsidies don't meaningfully affect homelessness. Someone putting down a deposit with a developer for a fifth property to rent actually expands housing supply. That tweaks only rent-versus-own ratios. What does skew home supply is vacancy. Whether due to offshore holders treating New York apartment as poker chips, seasonal vacationers, delusional landlords asking above market, or NIMBYs blocking development, vacancy decreases housing supply and thus increases housing costs for renters and owners alike.
  - ncallaway 4y ago
    I think that's fair, and I was probably a little narrowly focused on summer/winter housing (which, I would assume would contribute to vacancy, unless used as short term rentals).
  - quxbar 4y ago
    that's like saying the cause of death is lack of oxygen to the brain - technically true, but hardly insightful.
    - JumpCrisscross 4y ago
      > like saying the cause of death is lack of oxygen to the brain No, it’s like saying someone will die from lack of corn. When they can substitute with grain. Shelter is shelter, rented or owned.
- xwdv 4y ago
  Homeless people’s problem isn’t that they can’t afford a home, it’s that they are too addicted to drugs and unhireable to ever really afford one. This has nothing to with mortgage subsidies and it’s disingenuous to use that as an argument against them.
  - imtringued 4y ago
    Last time I checked 10% of homeless in SF have a job that pays roughly 50k USD per year. Thanks for the stereotypes.
    - xwdv 4y ago
      10% is hardly a strong enough amount to break a stereotype.
  - themitigating 4y ago
    Evidence of drug addiction being the main cause of homelessness in san fran?
phinnaeus 4y ago
Is it not? That seems like some extreme .1% stuff to me.
- JumpCrisscross 4y ago
  > seems like some extreme .1% stuff Second homes are top 5% stuff [1]. If you have a taste for the interior, there are gorgeous places where five figures buys a home, or less than $10k down and $1k/month. That's something more that just the rich can afford, particularly if the first home is in a similarly-affordable place. [1] https://www.statista.com/statistics/228894/people-living-in-households-that-own-a-second-home-usa/ https://www.statista.com/statistics/228894/people-living-in-...
  - Arainach 4y ago
    there are gorgeous places where five figures buys a home, or less than $10k down and $1k/month .....such as? Prices have gone up everywhere. Tawas City, MI is hours from the nearest medium-sized town. There are no jobs, no social activities besides bars, very few restaurants, and no five figure homes for sale ($150K will get you 1450 square feet). Mesick, MI. Literally nothing but forest, and 1.2 empty acres is $125K. Clarion, IA. There is nothing beautiful about anywhere in Iowa. You can, however, get a nearly-falling down 1100 square foot house for $85K (everything else on the market, and there's a bunch, is 6 figures). Where are these gorgeous places where rich people haven't already bought all the homes?
    - phonon 4y ago
      https://www.propertyshark.com/homes/US/Condos-For-Sale/FL.html?location=Florida&PropertyType=CondoApartment&search_mode=location&page=1&sort_by=ASC_price&SelectedView=listings&LocationGeoId=32&location_changed=&ajax=1 https://www.propertyshark.com/homes/US/Condos-For-Sale/FL.ht...
      - Supermancho 4y ago
        "Condos" in the url means "mobile homes", for anyone who wants to click on it.
mhss 4y ago
Do you mean not uncommon in your circle? I don’t ser how else you can call common to own two houses, and one of them just for the summer.

It’s not uncommon to have a winter and summer home.

by xwdv 4y ago

It’s not uncommon to have a winter and summer home.

nameless912 4y ago

...I would say it's _quite_ uncommon to have a winter and summer home.

ncallaway 4y ago

While it may not be uncommon, I would say it shouldn’t be subsidized (at least until there homeless population is 0). The government should not be subsidizing anyone going for a second slice of cake, when there are lots of people who haven’t had a first slice.

JumpCrisscross 4y ago
> it shouldn’t be subsidized (at least until there homeless population is 0) Mortgage subsidies don't meaningfully affect homelessness. Someone putting down a deposit with a developer for a fifth property to rent actually expands housing supply. That tweaks only rent-versus-own ratios. What does skew home supply is vacancy. Whether due to offshore holders treating New York apartment as poker chips, seasonal vacationers, delusional landlords asking above market, or NIMBYs blocking development, vacancy decreases housing supply and thus increases housing costs for renters and owners alike.
- ncallaway 4y ago
  I think that's fair, and I was probably a little narrowly focused on summer/winter housing (which, I would assume would contribute to vacancy, unless used as short term rentals).
- quxbar 4y ago
  that's like saying the cause of death is lack of oxygen to the brain - technically true, but hardly insightful.
  - JumpCrisscross 4y ago
    > like saying the cause of death is lack of oxygen to the brain No, it’s like saying someone will die from lack of corn. When they can substitute with grain. Shelter is shelter, rented or owned.
xwdv 4y ago
Homeless people’s problem isn’t that they can’t afford a home, it’s that they are too addicted to drugs and unhireable to ever really afford one. This has nothing to with mortgage subsidies and it’s disingenuous to use that as an argument against them.
- imtringued 4y ago
  Last time I checked 10% of homeless in SF have a job that pays roughly 50k USD per year. Thanks for the stereotypes.
  - xwdv 4y ago
    10% is hardly a strong enough amount to break a stereotype.
- themitigating 4y ago
  Evidence of drug addiction being the main cause of homelessness in san fran?

phinnaeus 4y ago

Is it not? That seems like some extreme .1% stuff to me.

JumpCrisscross 4y ago
> seems like some extreme .1% stuff Second homes are top 5% stuff [1]. If you have a taste for the interior, there are gorgeous places where five figures buys a home, or less than $10k down and $1k/month. That's something more that just the rich can afford, particularly if the first home is in a similarly-affordable place. [1] https://www.statista.com/statistics/228894/people-living-in-households-that-own-a-second-home-usa/ https://www.statista.com/statistics/228894/people-living-in-...
- Arainach 4y ago
  there are gorgeous places where five figures buys a home, or less than $10k down and $1k/month .....such as? Prices have gone up everywhere. Tawas City, MI is hours from the nearest medium-sized town. There are no jobs, no social activities besides bars, very few restaurants, and no five figure homes for sale ($150K will get you 1450 square feet). Mesick, MI. Literally nothing but forest, and 1.2 empty acres is $125K. Clarion, IA. There is nothing beautiful about anywhere in Iowa. You can, however, get a nearly-falling down 1100 square foot house for $85K (everything else on the market, and there's a bunch, is 6 figures). Where are these gorgeous places where rich people haven't already bought all the homes?
  - phonon 4y ago
    https://www.propertyshark.com/homes/US/Condos-For-Sale/FL.html?location=Florida&PropertyType=CondoApartment&search_mode=location&page=1&sort_by=ASC_price&SelectedView=listings&LocationGeoId=32&location_changed=&ajax=1 https://www.propertyshark.com/homes/US/Condos-For-Sale/FL.ht...
    - Supermancho 4y ago
      "Condos" in the url means "mobile homes", for anyone who wants to click on it.

mhss 4y ago

Do you mean not uncommon in your circle? I don’t ser how else you can call common to own two houses, and one of them just for the summer.