The Passage of time from your post to my comment likely raised house costs by the same amount. (Or it feels like it)
Edit: they say the payback in terms of energy costs is 90 years, but those houses will likely sell better as well, and help the environment. Standards are good when there is no financial incentive.
Your property taxes and insurance costs will go up. Along with cheap mortgages that have been around for at least 20 years, this will make houses even more unaffordable. People need shelter from the elements, so inexpensive housing is a better benefit for people who need it. The higher the prices, the more people lose access to shelter; law of economics, there is no escape.
Local governments are the reason why housing is expensive. It is democracy at work; local politicians don’t want to relax zoning, because homeowners want higher home prices. They want equity and want to retire with an inflated asset. And HUD sets the standard for building codes across the market because a large portion of the market is government supported. You have a myopic dualism of good vs evil. American government is not your friend for affordable housing. Singaporean government is the friend of the people, US governments is not. You have a general bias toward government that is not realistic.
Oh, I’m living in Canada right now - but, in general, the US government tends to be pretty decent at running public services… it’s mostly politicization that wrecks it.
The Passage of time from your post to my comment likely raised house costs by the same amount. (Or it feels like it)
Edit: they say the payback in terms of energy costs is 90 years, but those houses will likely sell better as well, and help the environment. Standards are good when there is no financial incentive.
Yeah, I think that’s just a Russian, judging from the comment history and writing style.
See Russians around every corner?
No, but they do have very distinctive speech patterns and opinion sets. And are certainly present within the global internet.
Try reading his reasons for the Russo-Ukrainian War in a Russian accent and you’ll see what I mean.
Your property taxes and insurance costs will go up. Along with cheap mortgages that have been around for at least 20 years, this will make houses even more unaffordable. People need shelter from the elements, so inexpensive housing is a better benefit for people who need it. The higher the prices, the more people lose access to shelter; law of economics, there is no escape.
Pst - we already lost the cheap mortgages.
If you want to house everyone support government housing initiatives - the private housing market is dominated by corporate landlords and speculators.
Local governments are the reason why housing is expensive. It is democracy at work; local politicians don’t want to relax zoning, because homeowners want higher home prices. They want equity and want to retire with an inflated asset. And HUD sets the standard for building codes across the market because a large portion of the market is government supported. You have a myopic dualism of good vs evil. American government is not your friend for affordable housing. Singaporean government is the friend of the people, US governments is not. You have a general bias toward government that is not realistic.
Oh, I’m living in Canada right now - but, in general, the US government tends to be pretty decent at running public services… it’s mostly politicization that wrecks it.