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Biden-Harris Administration Takes New Actions to Lower Housing Costs by Cutting Red Tape to Build More Housing. (www.whitehouse.gov)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 3 months ago

There's already plenty of homes if they quit being ran as BNB's.

As far as incentives for builders to build homes, you're currently in a self harming system. For a single family home the price per square foot average has literally doubled over the past 15 years. A house that would have cost $120,000 just 15 years ago to build, now costs $250,000. Building supplies are through the roof because demand is already so high for them.

Enough houses already exist. Stop the bullshit house collectors, then the market actually have houses available to buy and prices will drop, so building new ones sliws, so building supply prices lower again, and houses stay a bit closer to being affordable again.

I paid $130k for a 3 year old house. Now it's a 17 year old house but it's currently worth around $300k. That's absolutely stupid.