Housing+shortage

CLICK HEREto return to discussion topics
MrLandlord Q & A
Housing shortage (by Sarah [FL]) Apr 14, 2024 7:52 AM
       (by NE [PA]) Apr 14, 2024 7:58 AM
       (by RB [TN]) Apr 14, 2024 8:17 AM
       (by Bonanza [NC]) Apr 14, 2024 8:52 AM
       (by Richard [MI]) Apr 14, 2024 8:57 AM
       (by Vee [OH]) Apr 14, 2024 9:55 AM
       (by Robert J [CA]) Apr 14, 2024 10:10 AM
       (by Oregon Woodsmoke [ID]) Apr 14, 2024 10:46 AM
       (by MikeA [TX]) Apr 14, 2024 11:19 AM
       (by WMH [NC]) Apr 14, 2024 12:02 PM
       (by mapleaf18 [NY]) Apr 14, 2024 12:12 PM
       (by mapleaf18 [NY]) Apr 14, 2024 12:14 PM
       (by plenty [MO]) Apr 14, 2024 12:16 PM
       (by Robert,OntarioCanada [ON]) Apr 14, 2024 1:00 PM
       (by NE [PA]) Apr 14, 2024 1:05 PM
       (by GKARL [PA]) Apr 14, 2024 1:37 PM
       (by zero [IN]) Apr 14, 2024 5:32 PM
       (by 6x6 [TN]) Apr 14, 2024 5:37 PM
       (by Mapleaf18 [NY]) Apr 14, 2024 7:06 PM
       (by Still Learning [NH]) Apr 14, 2024 7:42 PM
       (by Small potatoes [NY]) Apr 14, 2024 11:50 PM
       (by Ray-N-Pa [PA]) Apr 15, 2024 7:56 AM
       (by Nicole [PA]) Apr 15, 2024 1:09 PM
       (by MAT [PA]) Apr 15, 2024 11:58 PM
       (by zero [IN]) Apr 16, 2024 8:41 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Housing shortage (by Sarah [FL]) Apr 14, 2024 7:52 AM
Message:

I read all the time about a housing shortage.

What I think is meant is that in the "in demand" areas where people are moving to there may be shortages. Overall the population is not replenishing itself ( low birth rate), some percentage of adults live with their parents still, and older folks are going into retirement communities. So the "shortage" is way overblown, yet prices go up everywhere because of the published reporting on the shortages. I mean, are houses being torn down by the millions and new ones not being built in time to replace those being demolished? I don't think so. And what about apartments complexes being built and condos being built everywhere. I see prices high and people not moving due to the interest rates they would pay on their next home, but a housing shortage? What say you?

--174.211.xxx.xx




Housing shortage (by NE [PA]) Apr 14, 2024 7:58 AM
Message:

Itís just another political talking point. If they donít have a crisis, theyíll create a crisis. Real or perceived. Their favorite type of crisis is the one we danít really see and canít really prove/disprove. That way the crisis lasts for years and they could solve it for us, if they could just win the election!!

I can solve the ďhousingĒ crisis in any town in America. It wonít be HGTV level, but it will be enough shelter to provide housing. Good enough. Deed me some local abandoned buildings property tax free and get the permit people, zoning people and the politicians out of my way. Iíll start a charity to fund the repairs and management and weíll have housing in no time. See, itís not REALLY a problem when itís so easily solvable. --24.152.xxx.xx




Housing shortage (by RB [TN]) Apr 14, 2024 8:17 AM
Message:

Agreed.

Create a crisis, throw tax money at it using no common sense,

and then blame the results on someone else.

We real estate investors, property repair / managers

are the "Heartbeat of America", every day. --69.130.xxx.xxx




Housing shortage (by Bonanza [NC]) Apr 14, 2024 8:52 AM
Message:

The housing crisis is real. When the economy tanked in 2008 house building came to halt. Those that knew how to build houses left the field. The skilled labor to build houses left the field. All the millenials stayed in their parents basement. Now these 30 year olds are looking for new digs.

The ones that are left are big players building developments. Pulte and DR Horton and those are not generally building in smaller towns.

--65.188.xxx.xxx




Housing shortage (by Richard [MI]) Apr 14, 2024 8:57 AM
Message:

This so called crisis, in my opinion, comes down to location and quality of the housing. Talking to many of the younger crowd, say 35 and under, they have been sold this idea that they should have a nice, new 2500+ square foot home on a big lot near the beach in a great town that has no problems. They are told that whatever they make, it should be enough to make the payments with plenty left over for exotic vacations every few months and plenty of spending cash.

The facts and reality are left out of the equation.

And so the younger people buy into this because of advertising and manipulation and when reality shows up, someone is at fault they don't get it. They stamp their feet like little children and DEMAND that they get what they are told they are entitled to. So what if the grandparents or parents had to work and claw their way up a rung at a time.

I agree with NE. This could be solved if the govt would get out of the way.

Many of the younger people have realized that they are being screwed and they are angry. Question is, will they wake up, face reality and deal with it by realizing they have to fix this themselves or will they continue to stamp their feet and demand someone else do it. There are plenty of young people who go and work hard every day. They just need to stop listening to advertising and propaganda and accept they need to move ahead a step at a time, not all at once. There are plenty of small starter homes and homes in smaller towns and fixers around. The advertisers have told them that they don't want these places. Quit listening to ads and propaganda.

I would bet that most of us on here worked their way up a step at a time. --172.58.xxx.xx




Housing shortage (by Vee [OH]) Apr 14, 2024 9:55 AM
Message:

There is no shortage of housing, shortage of free water/sewer fees, free lawn care, transportation in part to a recent government that put and end to American oil independence. and the 4500 Sq Ft free home many sec8 tenants want to have for their extended families to park and party at. --184.59.xxx.xx




Housing shortage (by Robert J [CA]) Apr 14, 2024 10:10 AM
Message:

Housing Shortages in Los Angeles City.

Private landlords couldn't evict or raise rents from 02/01/2020 thru 03/01/2024.

Leading me to spend over $100,000 to fix damaged by tenants who got free rent for this 4 year period. And now spending another $100,000 on legal fee's, starting to evict squatters. And I'm being taken to court an average of 5 days a month to defend myself from false restraining order. When the Tenant and Free Legal Aid attorney's are found to have lied, filed false police reports and cost me more money/losses, they are praised for thinking up ways to keeping a roof over squatters heads and not cost the City additional housing costs.

The a-hole mayor has over 500 vacant apartment that she isn't filling with, homeless vets, families or the sink, why? Because she will only place the homeless in rentals (the city owns) that the State of California is dumb enough to provide Section 8 money to cover rents, that the stupid Federal Government will cover with raised taxes.

It cost me around $80,000 to purchase a run down unit and then $20,000 to re-hab it. So that's a total of $100,000 K per unit or $1M per 10 unit building. But the City will buy a good old building, relocate the tenants then knock it down for around $2,000,000. Then build a new 10 unit building for $5,000,000. Costing around $7,500,000 for a 10 unit property, or $750,000 per unit. Placing a homeless family in those units, needing $4,500 rent per month or $54,000 a year-of Section 8.

The City planners are either on the take or can't do basic math. Maybe both. --47.155.xx.x




Housing shortage (by Oregon Woodsmoke [ID]) Apr 14, 2024 10:46 AM
Message:

[[[[[[.... . Overall the population is not replenishing itself .....]]]]]

The population is "replenishing itself" to the tune of a quarter million people every month, and those the just the ones who are getting counted. Perhaps 3-4 times that many never get caught or counted.

Those are all no-income people who will probably turn into low income people because they have no job skills. They are all hoping to get housing. That most certainly puts pressure on low rent housing. --76.178.xxx.xxx




Housing shortage (by MikeA [TX]) Apr 14, 2024 11:19 AM
Message:

That's a broad statement used when in fact it is or is not a local problem. I even challenge the idea that it was caused from the 2008 meltdown. If you look at housing starts over the years, you will see a dip in the years around 2008 and a surge in the 2013 through 2019 years. It does sell well on the political front though.

In Austin, for several years the population was growing at something like 5% annually. You can't absorb that many people and not have a housing shortage. However, there are many small dying rural towns that the city will literally give you a house if you fix it up and live there. --209.205.xxx.xx




Housing shortage (by WMH [NC]) Apr 14, 2024 12:02 PM
Message:

I admin a FB housing group, and while I do see a shortage of available homes here, it's the frickn en' BEACH and every day every month every year we get young kids coming to live their dream, retirees coming to live out THEIR dream, second home folks wanting reasonable affordable beach homes (still on the East Coast, still within driving distance of "up north.)

If they were willing to live an hour away...no shortage. If they were willing to not adopt 25 pets, no shortage. If they gave up smoking, no shortage...and so on. --173.28.xx.xxx




Housing shortage (by mapleaf18 [NY]) Apr 14, 2024 12:12 PM
Message:

"Affordable Housing Shortage"

read: "Good Tenant Shortage" and "Pro Property Rights Legislation Shortage." --64.246.xxx.xx




Housing shortage (by mapleaf18 [NY]) Apr 14, 2024 12:14 PM
Message:

The 2008 Housing Crisis was almost singlehandedly caused by "Dodd Frank." --64.246.xxx.xx




Housing shortage (by plenty [MO]) Apr 14, 2024 12:16 PM
Message:

Popping popcorn. Following. --172.59.xxx.xx




Housing shortage (by Robert,OntarioCanada [ON]) Apr 14, 2024 1:00 PM
Message:

The shortage of all types of housing is real here as the Liberals have increased immigration where in one year the population went up by over a million people. If is great if you own as soon here a basic single story house will be a million then a million plus along vacancy rates are zero or one per cent on and off so rental housing are only going to accept people with a minimum score of 700 hundred and above. Problem tenants with low credit scores and unstable rental history along with unpaid utility bills will be out the private sector rental housing market where housing as a last resort which is the Community ( Housing Authority) no credit check done here. The federal Liberals are proposing more 4 plex being built where in the province of Ontario it takes 8 months to evict a non paying tenant along with municipalities will not approve if a single family house was torn down. Across the street they built two townhouses instead. In the Us the housing situation is the same where again immigration along with not enough new housing being built where like here the birth rate is low. The solution is to help improve the economy in Mexico so people will not move out. There is talk of the Chinese EV auto manufactures opening mega factories in Mexico where most the production would be sold outside Mexico along with duty free to Canada and Mexico. I wonder if the governments would allow this as the big three would be history. The free trade agreement may end for vehicles. --207.236.xxx.xxx




Housing shortage (by NE [PA]) Apr 14, 2024 1:05 PM
Message:

WMH is correct. A desired area expensive housing crisis is different than a dry and warm needed shelter crisis. But they will use one to make it seem like the other is real. Perception creates reality though and in the eye of the mindless, whatever they say, goes. Guard your minds folks. --24.152.xxx.xx




Housing shortage (by GKARL [PA]) Apr 14, 2024 1:37 PM
Message:

As I sit here at 90 days still trying to fill a vacancy. The shortage is related to decent tenants. The best tenants have their pick of housing --209.122.xx.xxx




Housing shortage (by zero [IN]) Apr 14, 2024 5:32 PM
Message:

GKARL, so sorry to hear you are still wading thru the trash.

I hope that in a month or so I do not have the same issue. --107.147.xx.xx




Housing shortage (by 6x6 [TN]) Apr 14, 2024 5:37 PM
Message:

Very perceptive of you. Cut off the TV and put down the news. --76.129.xxx.xx




Housing shortage (by Mapleaf18 [NY]) Apr 14, 2024 7:06 PM
Message:

Amen, GKARL, shortage of good tenants is right. They all have money for tats, smokes and a menagerie. Oh yeah and "ESAs" --64.246.xxx.xx




Housing shortage (by Still Learning [NH]) Apr 14, 2024 7:42 PM
Message:

NH vacancy rate is at about 1%. Rentals that are priced correctly fill quickly. Back when I started in 2011 I think it was 5% and common to be a full month vacant with tenants looking to move in on the first. For a while it dropped below 1% and I could have it filled with someone 3 days after the previous tenant left if it could be cleaned and ready. Now we are somewhere in between. Legislators talk about rent control etc but really what we need is more apartments, more starter homes, condos etc and then we would head back to more inventory on the market. --73.159.xxx.xx




Housing shortage (by Small potatoes [NY]) Apr 14, 2024 11:50 PM
Message:

Housing availability had been exasperated by the the oversupply of short term aka air bnb rentals. Everyone rushed in to buy properties, gussy them up and get on that gravy train. Other property buyers have been foreign investors buying pied a tier properties and trophy homes.

Richard I disagree, the younger set has not bought into the home ownership dream. They are comfortable going back to the best and boomers realize they need intergenerational support. It truly is a societal shift just under way. The rest are squeezed by high mortgage rates and rent prices. Not to mention no one has built real low income housing since the 60s.in NY the 421a plan they want to revive had a 10 yr sunset and it was only 20% low income to begin with, then bumped up to market rate. --172.59.xxx.xxx




Housing shortage (by Ray-N-Pa [PA]) Apr 15, 2024 7:56 AM
Message:

I could see where someone who made mistakes back in 2008 who elected to follow up those mistakes with bad decisions during Covid - could have a hard time finding a quality home.

The question amounts to who should be footing the bill for someone's free will? --24.101.xxx.xxx




Housing shortage (by Nicole [PA]) Apr 15, 2024 1:09 PM
Message:

In my area, if you get in the car and drive around, there are for rent signs everywhere. Check the complexes and the listing sites and there are lots and lots of units for rent.

And yet so many in this area claim they can't find anything. Been looking for six months. Paid bazillions in application fees only to be denied. Hmmmm... and yet those same folks feel their pet/s are their "family" and they'll never move without them. They have past evictions/short employment history/terrible credit/criminal records but they have money and will always pay the rent on time. I always wonder how long it will take for society as a whole to realize actions have consequences, some long term. I'm not judging anyone but again, consequences and personal responsibility. If your family (who usually seem to be unable to assist) can't/won't help you, why would a stranger?

--98.237.xxx.xx




Housing shortage (by MAT [PA]) Apr 15, 2024 11:58 PM
Message:

As for rentals, I agree that itís a shortage of qualified tenants rather than a shortage of units. The system requires a floor in quality, amenities, legal protection, etc., and too many people canít meet that floor. If the bar on housing was lowered, however, in a thoughtful manner, I think the private sector would jump in and fill that need. Iím thinking along the lines of rooming houses, converted motels, etc. But our government and society fights to raise the bar, and the unintended consequence is that the bottom rung of society is effectively priced out. Not that Iím advocating for this, but as an extreme example, if we could all call the sheriff and have someone tossed on the spot, weíd all be much more willing to take a chance on a marginal applicant.

For those looking to buy a starter home, I think itís a different story. Their standards are bigger than their wallets, or theyíre unable or unwilling to relocate. There are boatloads of houses around for five figures. But most new buyers arenít willing to live in the beat-up city and theyíre not willing to live in the small towns all over my state. They all want to live in the suburbs or nice places in the city, and thatís expensive. --108.52.xxx.xxx




Housing shortage (by zero [IN]) Apr 16, 2024 8:41 AM
Message:

The number of people that ask me if I have any openings in the county is unreal. Both from applicants and existing tenants.

The few I have in the county are a lot more expensive even though still under market a bit. --107.147.xx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster

Reply:
Subject: RE: Housing shortage
Your Name:
Your State:

Message:

Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible.
Email Address: