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More permanent housing requirements over time would solve the housing crisis by making all new structures contribute to the total housing in the system

Personally, I don't see a house as an investment when it's made out of materials that degrade after 50 years.

The land isn't worth that much and the cost of rebuilding or major repairs every 50 years means it's not an investment.

Right now housing is being sold for insane hyperinflated prices, and they're not even made to last.

More permanent housing requirements over time would solve the housing crisis by making all new structures contribute to the total housing in the system Personally, I don't see a house as an investment when it's made out of materials that degrade after 50 years. The land isn't worth that much and the cost of rebuilding or major repairs every 50 years means it's not an investment. Right now housing is being sold for insane hyperinflated prices, and they're not even made to last.

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[–] • 0 pt

Agreed. Part of the reason housing prices are so high is because foreign money is being laundered in the US. Rothschild banks encourage this. Properties are empty and not used to house anyone. If housing stock has a requirement that it is occupied, then housing would be more affordable. Ask Vancouver about this. Sure, builders are going to cut corners and still charge a premium when there isn't enough housing stock.

Investors are also buying real estate because the return is good. Capital from financial markets is also driving prices up. Yea, it sucks.

[–] • 2 pts

I’ve watched Chinese portfolio money vacuum up everything under a million in a city in a week, no inspection, over asking, cash. Literally every available unit because that city name made the rounds by mouth between brokers in China. Destroyed the local economy and forced a lot of renters to move away.