Trumps Solution to Housing Shortage

Nothing can stop a true market correction. But the politicians will likely try to stop it. If you look to 2008, they tried everything, loan mods, short sales, forbearance agreements, trial payment plans, none of that worked. Then they went to defcon 4 around 2009-2012, money giveaways, tax breaks on any losses from a short sale. None of it worked. The market, saturated with poorly underwritten loans, collapsed 40% in some areas. Now here is the thing, this time around underwriting has been solid. No Wall Street securitizations. 90% of loans are sold to Fannie, Freddie or HUD.

Nevertheless, a job recession is needed to light the match of distressed sales which leads to price drops. Absent widespread layoffs across multiple industries we may be looking at stagnant property values over the next couple of years. Keep saving, identify your target area, become familiar with the trends in that neighborhood. Good luck!

My buddies dad made a concrete house, it was actually pretty nice. It was built into a hillside so it benefited from ground temp, and had hot water lines throughout for the winter and a waterfall that cascaded down a trippy fabric sail from forth floor down to lower level and then blew cool air throughout the house. Have a feeling they will all get legionnaires from it, but it looked cool.

I have not heard much about concrete homes. I see a lot of Amazon type warehouse facilities being built with concrete panels. They put those up fast.

But it does bring up a question as to why we use wood to build when other countries use cement. Wood is cheaper and plentiful and better to work with for aesthetics. Cement can be great against strong winds but unless it’s steel reinforced it sucks in earthquakes. The company whose link you sent me say the cost is around $200k, not terribly cheap. Building a stick house costs around $300 a sq f ( I was quoted that a year ago) so I don’t know that this is much cheaper.

You won’t be able to get a conventional loan to finance it.

To me, the most important function of a house is to be a home. But realistically it’s also an investment. Selling a non conforming property always reduces the number of buyers that will want to buy it. That will make it more difficult to sell. I will see if I can find out more about it. Good topic. Thanks

Might be longer than 20 years. More like 35-40 years. Homelessness and immigration are really tough problems and worldwide. I don’t know the answer but I have long maintained:

1. put all the crazies back in the wards. That will take care of a significant number. The really dangerous ones you see arguing with trees and yelling at light posts when you drive by. Drugs is worth mentioning twice. We are unable to stop supply. Can’t do it. How do we attack demand?

2. Immigration problem. The bad news is no one in leadership wants to stop it. No one. One side is addicted to cheap labor, the other side sees future voters to help them maintain power. So they point the blame at each other and use the subject as campaign fodder to trick us into thinking they are going to fix it. Sorry, politics, wrong board.

3. Gun control- Stop sales to trannies.

Vote for me, I will fix everything in no time.

That will solve a few problems.