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> wanted to expand housing (lower housing cost) they would offer low interest loans to home builders Not sure if you noticed, but the home builder have been ab
by blitzar 3y ago
> wanted to expand housing (lower housing cost) they would offer low interest loans to home builders
Not sure if you noticed, but the home builder have been able to borrow near infinte quantities of cash at ~0% for the last decade.
It did not expand housing or lower the housing cost.
- Workaccount2 3y agoThey need a place to build those houses.
- NoMoreNicksLeft 3y agoOk, so that's not the constraint. What's left on the list of possibilities to check off?
- csa 3y agoI can think of at least three: 1. Land where people want to live. 2. Appropriate/different zoning. 3. Efficient/timely acquisition of relevant permits.
- bombcar 3y agoYou forgot: 0. People who can buy the finished home
- csa 3y agoI’m not sure where you are, but here in central coast California, there are no shortage of these folks. Supply is still much, much lower than demand, and my friends in real estate are grousing about it.
- bombcar 3y agoYeah part of it is that a builder can't just spring out of nowhere, you need a certain number of skilled craftsmen hours to build a house (probably a craftsmanyear or so) and if they're all busy, it's not simple to make more.
- Tagbert 3y agoIt is easier to make money by investing in expensive housing than investing in cheap housing. You can sell both, so why tie up your assets in something with less return?
- bombcar 3y ago> It did not expand housing or lower the housing cost. Unless we're losing 1.4 million dwelling units a year, housing is expanding: https://www.census.gov/construction/nrc/current/index.html https://www.census.gov/construction/nrc/current/index.html Maybe not as fast as we need/want, but it is expanding.