Real Estate Expert Answers US Housing Crisis Questions | Tech Support | WIRED
Real Estate Expert Answers US Housing Crisis Questions | Tech Support | WIRED
Professor of urban planning Kate Nelischer answers your questions about real estate and the US housing crisis from Twitter. Why are homes so expensive? How is AirBnB affecting the housing market? Why can’t millennials afford a home? Answers to these questions and many more await—it’s Housing Support.
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The U.S. housing market is absolutely rotten, and quite honestly, dumb. Other countries have shown for decades people can live decently, i.e. Japan, S. Korea, and grow its military. You can do both, America. Make it make sense.
7:32 also Airbnb encourages expats to balloon non American prices in areas with their American wages. Cheaper long term domestic units versus expensive short-term internationally favorable ones
Maybe millennials could afford a house if they worked more then 3 days a week…
"Places like New York City" circles all of the state except for NYC
I get that corporations are buying up homes but families are doing it too. I have no problems with individuals or families making money through renting out, but I also think there is a limit. When individuals and families buy up homes when other have none, I think it also can be immoral. I dont know when exactly but when individual villify corporation when they are doing pretty much same thing, it's hypocritical.
I hope she does a follow up since it’s been a year and we have an idiot in the White House
If you want affordable housing, move to somewhere with few job opportunities. WV, for instance.
I knew when she used the term "unhoused" that she would be giving us spin on the causes of homelessness.
Why did she say Regina like…. well…
Wages are far under what is needed for the cost of living and it only gets worse every year. Everyone knows that. At least we have hope now with Trump in office.
How would a high rise building made out of wood would fare against natural disasters? It's cool it's fire resistant, but can it handle like say… a hurricane? Flooding? Others?
omg she has a book coming out about a failed smart city project! i can’t wait to read it
we need this amplified to the wider world! capitalisation of housing is a money game with real consequences
The house I am in now was purchased for 120k at 3.5% 30yr principle is 110k total monthly cost 930 a month taxes and pmi included. The same house 10 years later is now about 200k the lowest apr I can see without serious serching is 6.2% monthly cost 1945 I also assume that the calculator is not including the tax and pmi. That is a stark difference in cost and the only changes made are standard maintience and 10 years of time. 3/4 of the houses here have been sold and purchased in the last 5 years so appearently lots of people are willing to pay double for a house I however, am not.
God I just want to build, build build
Housing shouldnt be something you can make a profit on. Thats insane
I think when she mentioned BlackRock at some point of the video, she meant Blackstone (PE firm)
It's refreshing to hear someone in the field acknowledge the systemic issues at play, rather than blaming individuals. Hopefully, more awareness will lead to actual policy changes.
Yeah soo. It's cheaper to pay to completely tear down a building and to pay to start every thing all over then to refab a building… that got to be one of the biggest lies out there.. truth is… there's very little money to gain In refab for renters… why not tear it down and rebuild it for luxury condos… maybe get some tax write offs in the process.
Where in the world are they getting housing right? The south. Kentucky Arkansas those areas. Want to build a house on your land. Go for it. Want to turn your kitchen into a nail salon. Go for it. Code! What code? Have the money and want to build 1000 houses on your land and rent it out? Have fun bro.
Its not quite that east but its pretty close. Wonder why rents in the south are so cheap.