We need state governments to step up and do the right thing for their citizens and remove local control of housing regulation. First step would be to make any area zoned residential by right construction of unlimited density along with the abolition of all parking minimums.
My first thought is we would immediately face a shortage of construction workers and that would take several years to correct.I'm genuinely curious how quickly we could build a ton of housing if we did this. A huge amount of time (years or even decades) is chewed up in waiting for bullshit discretionary reviews, frivolous environmental lawsuits, variances, entitlements, and permits. Projects that don't work due to soft costs might become very attractive.
We might get to find out in SF soon since they are at real risk of losing local control.
That is only part of the equation, the other part is the lack of trade skilled workers to build them. Trade skilled workers has been on a decline for over a decade.Yes, the unfortunate thing is this is almost certainly NOT a housing bubble - this is just years and years of banning housing construction coming home to roost. I almost wish it were a housing bubble as that's probably easier to dig out of than to build 7-10 million new houses.
We need state governments to step up and do the right thing for their citizens and remove local control of housing regulation. First step would be to make any area zoned residential by right construction of unlimited density along with the abolition of all parking minimums.
My first thought is we would immediately face a shortage of construction workers and that would take several years to correct.
More social media outrage over a fake $16 Big Mac meal story. Biden getting blame over something that doesn't exist.
I’m sure that’s part of it but there sure are a lot of developers asking to do new construction projects that are denied or rendered infeasible by local governments too.That is only part of the equation, the other part is the lack of trade skilled workers to build them. Trade skilled workers has been on a decline for over a decade.
edit: In regards to your post above, we are already have a shortage in trade skilled workers (construction workers), that's what played a part in a shortage in housing. They couldn't keep up with demand due to not having the workers.
So you get a bunch of suburban apartments with no parking, built next to neighborhoods. So all the apartment dwellers would park along the neighborhood streets, making the roads less safe for everyone.Yes, the unfortunate thing is this is almost certainly NOT a housing bubble - this is just years and years of banning housing construction coming home to roost. I almost wish it were a housing bubble as that's probably easier to dig out of than to build 7-10 million new houses.
We need state governments to step up and do the right thing for their citizens and remove local control of housing regulation. First step would be to make any area zoned residential by right construction of unlimited density along with the abolition of all parking minimums.
Aren't there also a record number of Americans alive right now? And record inflation? Seems to me like per capita numbers are what we need to seeThe public seems to have confidence in the economy despite the right wing media telling us otherwise
Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion.www.cnbc.com
If people utilizing roadside parking where it is currently authorized makes the roads less safe that's an argument for banning roadside parking in those areas. It is not an argument against housing development.So you get a bunch of suburban apartments with no parking, built next to neighborhoods. So all the apartment dwellers would park along the neighborhood streets, making the roads less safe for everyone.
If someone wants to detail what this 'better planning' looks like I'm open to hearing it, but every case of 'better planning' I've seen basically maintains the catastrophic status quo with a few tweaks, which is clearly woefully insufficient.I agree with you that the current control needs to change drastically, and parking minimums should also mostly go away. But the solution to really shitty short sighted planning, isn't no planning, it's better planning. Right now, today it makes no sense to built a 500 unit apartment complex in middle of single family neighborhood in Glendale, CA with no parking. It also makes no sense to build single family neighborhoods next to mass transit, highways, and dense commercial areas.
But housing pricing have almost doubled in a decade where I'm at, and there is plenty of land and construction of apartments and SFH. Zoning laws aren't preventing new construction here, yet prices have shot way up.
Well nowhere close to record inflation, but the numbers should definitely account for it. Adobe's online price index indicates declines in online prices since last November though so if they did account for it that would send the number higher.Aren't there also a record number of Americans alive right now? And record inflation? Seems to me like per capita numbers are what we need to see
Also I spent about a thousand dollars on black Friday and will probably return half of it. Lol
We do not have record inflation. Much worse in the 70s. We do have record low unemployment.Aren't there also a record number of Americans alive right now? And record inflation? Seems to me like per capita numbers are what we need to see
Also I spent about a thousand dollars on black Friday and will probably return half of it. Lol
I'm genuinely curious how quickly we could build a ton of housing if we did this. A huge amount of time (years or even decades) is chewed up in waiting for bullshit discretionary reviews, frivolous environmental lawsuits, variances, entitlements, and permits.
My first thought is we would immediately face a shortage of construction workers and that would take several years to correct.
Those arguments against new developments are always so specious. School enrollment in many areas is down from the peak of the mid-2000s, and it's not like every new development brings in dozens of children that are exactly the same age and grade level. Plus, the additional taxes that new developments bring in to support any existing or expanded infrastructure (and the fact that that denser infill has lower per capita costs than detached sprawl).This is even a problem in my small (100K) city. It took 4 years for a small development near me to get from the land purchase to the point of breaking ground. Covid could have been an issue, but building in the city is getting more and more difficult, hence most new developments/apartments/condos are going up in the bordering towns (though there is pushback there to prevent tax increases for new schools, etc.).
The one area that moves pretty fast is 55+ communities.
Many years. And the current cohort that would most likely be in construction/trades seems to be generally adverse to it. Also, it's a pretty small generation.
Oh man, if only there were some data we could look at!We do not have record inflation. Much worse in the 70s. We do have record low unemployment.
In my experience, for fast food, standard sandwich is ~$5 and a meal is ~$10.More social media outrage over a fake $16 Big Mac meal story. Biden getting blame over something that doesn't exist.
A normal big mac meal or whatever in Brooklyn, which I assume is one of the most expensive areas in the country, is about $12 today so the person is overstating the cost by about 33%, which is a lot.$16 doesn't strike me as all that out of line. A Whopper w/ cheese, medium fries, and a chocolate shake are over $12 and have been for a few years. I'll take one for the team and go get that for lunch and report back on the cost.
A normal big mac meal or whatever in Brooklyn, which I assume is one of the most expensive areas in the country, is about $12 today so the person is overstating the cost by about 33%, which is a lot.
Different subject, not germane to the topic at hand.Since you so interested in bursting the good economy bubble I’ll test what you know.
What would happen to the economy if everyone suddenly paid off all their credit?
$14.22 . Now I remember why I usually dine at taco trucks.$16 doesn't strike me as all that out of line. A Whopper w/ cheese, medium fries, and a chocolate shake are over $12 and have been for a few years. I'll take one for the team and go get that for lunch and report back on the cost.
I find this unlikely. Not that I don't think that price fixing never happens, but an economy wide conspiracy by businesses where it never leaks out is unlikely to me.I actually heard a conspiracy that businesses are keeping the costs of their goods high on purpose to generate record profits and to knowingly blame Biden for the high costs of those goods. The conspiracy is that people will vote Republican in 2024 and then they'll get a huge tax cut once again and they'll lower the prices. It almost seems plausible lol.
Also the idea that companies are more greedy now than in the prior years seems like a dubious claim.I find this unlikely. Not that I don't think that price fixing never happens, but an economy wide conspiracy by businesses where it never leaks out is unlikely to me.