r/housingcrisis

I'm a sophomore econ student. This is my first time posting. I wrote an institutional defense of private equity's involvement in residential real estate and ran a counterfactual of the '08 crash, to examine whether private equity in its current role could have prevented the crash. I'd love to hear everybody's thoughts. To my knowledge, nobody has ever made this argument before, but that may be because I am totally wrong.

A lot of the debate around housing and the cost of living focuses on migration. The common argument is that lowering migration numbers will fix the housing market.

At the same time, Australia has an ageing population. Government programs support retirees staying in their family homes as they age. On top of that, state stamp duty makes moving expensive, and keeping the family home exempt from the pension asset test means staying put makes the most financial sense.

If migration drops over the coming years but housing stays expensive and hard to find, where does the political debate go next? Which policies will politicians and the public target?

• Tax Changes: (e.g., tweaking stamp duty, negative gearing, capital gains tax discounts, or including the family home in the pension asset test)
• Building and Zoning: (e.g., forcing councils to approve more homes, easing zoning rules, or building more medium-density housing)
• Market Rules: (e.g., tougher rules for landlords, limits on Airbnb/short-term rentals, or more incentives for build-to-rent projects)
• Intergenerational Equity: (e.g., tackling the growing wealth gap between young renters and older homeowners)

When migration is no longer the main talking point, what do you think becomes the main focus of parliamentary debate?

It seems like it’s absolutely impossible to find a nice apartment in Pasadena, California. My husband and I keep coming across as a bunch of scammers and liars. How do we avoid this?

There we go..what are labor voters say?

https://www.instagram.com/reel/DcKPfZDTTsY/?igsh=anIxbTRkMmhlbWMz

Had some really great reception here to the trailer and if anyone wants to see the film its available here

This is getting insanely ridiculous. I swear every new apartment building that’s going up has prices that could (barely) be realistic for young professionals with full time jobs, but these are specifically FOR STUDENTS.
As the new “luxury” buildings go up, the buildings that are 10+ years old aren’t lowering their prices - in fact they are raising them.
I’m at the point where I don’t know how anyone affords housing at all, even my more wealthy friends are unable to. I see so many people moving back home with their parents despite having jobs after graduation.
This makes no sense.
Here are some examples of prices in apartment buildings

The average price of a one bedroom apartment downtown: estimated $2300+

Living with a roommate should ease expenses, but still going to be averaging above $1700 a month. That’s on the low end

I’ve seen some apartments charging $1500+ to SHARE A BEDROOM WITH SOMEONE??!!

Verve has a 2bed/2bath 770 square foot that STARTS at $2500 a month per person. I’m pretty sure that does not include the utilities, parking, and of course doesn’t include paying $70,000 a year for tuition if you’re out of state.

Now, you can live in a house, but most of them are owned by 2-3 landlord groups with terrible management and they are still horrendously overcharging. I visited my friend’s house where he had a very small room, the house was extremely run down with no maintenance, and the landlord was a terrible liar. He paid above $1200 a month. To live in squalor.

The only way to live comfortably without going into even more debt on top of your student loans is literally just to get lucky or to commute from home (which is a problem on its own I can’t even get into, but in short uofm has like 4 commuter lots that are always full and inaccessible to most buses)

This ridiculous “luxury student housing” trend needs to end. I am already seeing some apartment buildings lowering prices probably because they couldn’t find anyone to sign at their preposterous prices.

The unaffordable luxury student housing bullshit is ruining Ann Arbor and it will ruin the University of Michigan.

Edit:
I am all for the expansion of Ann Arbor. It is a great city and it should grow. The problem here is clearly that what should be turning into affordable housing is only going up and impossible to get.
The other problem is that there is not a single new apartment building going up with the intention of being affordable.

Recently found out that TN passed a law in 2022 that made it a felony to camp or be homeless. Since my back injury I have been living in my van in a few states looking for work. I got one habitating in my vehicle ticket for 300$ in CA. A quick google search also shows that Rep Paul Bailey also took money from the private prison industry.

Stand up to these corporate gulag goons before we all end up like some third world country!!!

https://www.google.com/search?q=did+paul+bailey+from+tennessee+take+money+from+the+private+prison&sca_esv=6fcee358f74037d5&sxsrf=APpeQntNPr_WsHRKhEoMuqOHpBedpYPo2w%3A1786805635903&udm=50&fbs=ABfTbFVyMZGZf1hfvX9uKjN_-G8cY2oODYyTyZk24Xz37_7FQ33TJTgGUSXMPMOdfjOY7e2Q30AopdyVXXfWdu5WnLoZpdMFWVURTY5I2n8dJLm7dR0vrPXatW3_GpGBwWsVmgDyXSroLXaj4nxeWEQNyufndIirE5sDOZkwfdjAF7oMKIEHiPeRgaTwcW1Qmzu2s-ykHlrY2kDc8gtmzWKMBoLosjtSQw&aep=1&ntc=1&cs=1&sa=X&ved=2ahUKEwj3stfZ8aKWAxWt1vACHUlCOdIQ2J8OegQIEBAD&biw=1366&bih=607&dpr=1&mstk=AUtExfDIwyyBL6onm4PFH-kKqb7sHnHcqe2VHJp7KHm__BNs-O8LlInZKZXklYW-oas0w97LeH7os7XgBw1P2fRfCb4_1knXoqlzelLPk1lZuzQDmvENLjlzdPsokm2eXAHIvFGdKm7yFiGJ8LWYWn5AKazc5wm1FusmS1joBh9JKSn-5v4G2tarfv7B5iGRis9NTtcCjGR4GiQL1LcUKax9JpDFPLv7NZCD83wz5rr_IDK-Ft6wdClFQaO62U6b8FURG2-6_IHTVKbXAe01af2eELMWG5cAoXKe4zdKzuINezb3hI7pKnOznR0OSpgur9dNh17CgOqnUnyMKg&csuir=1&atvm=2&mtid=hn2Aasa2G-OfptQP1bvL4QQ

I stayed in a hotel for work over the weekend to go to a training conference. The hotel had cable tv and I had some downtime and just flipped through and had it on while studying in the hotel room. I don't usually watch cable TV and I don't really know anybody who has it.

Anyway one of the channels was HGTV. And I guess one or two of the shows on it follows average looking couples and families as they look for housing.

And that's when I realized that myself and pretty much every family that I know is a poor.

Pretty much everybody on the TV shows has a "budget" of like 400,000, 500,000, sometimes 750,000 or more. And the houses they look at in those ranges? Like... I guess?

Im working pretty hard and have very little debt and between my 3 jobs I am in an "ok" apartment in an alright neighborhood, and i try to live frugally.

Is just like everyone a millionaire now except me and my friends? Or are these shows geared toward an audience of millionaires? And if it is are there enough millionaires watching to justify such programming?

I figured it was just one or two shows like this but it seemed to be over the whole range of shows that they televised, this is pretty normal. I feel like it would be more resonant with me and my peers is to see a house hunt in the price range of 90-120k (tops).

Anyway I finally just got depressed and turned it off and the thought of getting depressed by watching TV motivated me more to study..

As i travel home i am musing:

- I will likely never own a home, strictly due to the cost.

- If it were ever to happen, it would be due to sheer luck, like being able to snag some affordable plot of unattractive land at a foreclosure rate, and saving several years to buy an old trailer or shipping crate and eventually make it into some sort of dwelling with reudimentary plumbing and solar power.

... Anyway, I am eager to get back to work tomorrow so that I can help everyone but myself get more wealthy.

Discuss.

PS. Why does every post get downvoted on here? Don’t landlords have better things to do with their time? Sure there’s single mothers to evict.

Housing shouldn't become an economic market. Any person should be able to get a house to live in at an affordable price. Governments should invest in social housing more than wasting money on military and other unnecessary spending. Of course, they need money for defense, but spending huge amounts of money on military equipment is unnecessary.

My personal opinion is that houses for the middle class or working class should cost around 25% of the average salary. Governments should spend money on housing subsidies. There is no need to give houses for free, but there should be affordable rental housing projects.

Let private investors invest in premium housing, upper class housing, commercial properties, etc., but not in the basic housing market. A safe space to live is a need, not a luxury.

Every post here that speaks negatively about rent gets down voted and ratio'd to hell. Is it not enough to hoard housing and exploit the poor, you also need to make a subreddit dedicated to gaslighting readers into thinking more rent will fix the housing crisis?

Socialists solved the housing crisis decades ago. "Commie blocks" as you all call them were and still are a lifeline for the poor in the nations that have them. All the criticism about housing quality? Strangely it doesn't come from the people living there. Just rich outsiders who definitely don't have alterior motives.

We don't need landlords. A state not being actively gutted by neoliberals is more then capable of providing housing.