Its so strange how people promote this quality of life upgrade as good but as a contractor I constantly see companies jumping in promising sustainable multi use buildings only for them to not provide enough overhead to keep them running. Then banks come in promoting slums. This is how Compton became a huge issue look at the commercials and ideas back then. History is there for us to read and avoid mistakes of the past not to repeat them.
Love the visuals on this. I will say that nativism is my favorite ladder-kicking behavior: I’m not originally from here but I need to ensure no one else can ever follow me.
California is the worst. The most difficult place in the country to add new housing stock. Zoning laws need to be repealed in a significant way. Allowing ADUs is not enough.
Some of those regulations weren't well intended. People in San Francisco districts will straight up admit they blocked construction to stop "gentrification" because they don't want their community's "unique and artistic" "cultural heritage" to be replaced with boring apartment complexes and Starbucks. Imagine how selfish you have to be to say that people don't deserve to have more affordable housing or to see investments in their neighborhood because it'll make the area less "aesthetic". They even go so far as to say it's to preserve the racial/ethnic makeup of the community, which is just straight up xenophobia and racism. The irony is gentrification still happens because the predominantly white and Asian high income earners still wanna live in the area, except instead of moving into new apartments they now are forced to compete with lower income residents for the limited supply of housing, raising the price and housing and forcing the poorest people to leave the area or onto the streets. In places like San Francisco and Los Angeles all progressives have done is make sure that gentrification is a slow and painful process that increases homelessness and poverty, rather than something that should have uplifted people out of poverty and improves bad neighborhoods.
I think rolling back regulations is not forward thinking. We do need environmental restrictions and zoning. What would help is building truly affordable housing and deed restrictions that prevent resale for big profit. But what contractor wants to take on a project that restricts profit?
This was obviously done prior to the coronavirus outbreak. With 3.3 million layoffs last week, FHA has just raised its minimum FICO scores from 580 to 660. It is no longer an issue of housing demand, but rather lack of access to credit. Buyers are going to go away - and quickly.
To solve the problem of the worsening shortage of affordable housing the starting point is to tame our nation's land markets, which are credit-fueled and speculation driven. Land is widely held undeveloped for years or even many decades. How communities tax real estate is a major part of the problem. Buildings are depreciating assets that require ongoing spending for regular maintenance. Then, about every decade, major systems must be replaced at high cost. If it makes sense to tax housing units and other buildings, then the government should be imposing an annual tax on all forms of depreciating assets based on an annual valuation. This would be terrible public policy, as is the annual taxation of the seldom accurate depreciated value of a building. This leaves the value of the land on which buildings are constructed as a property tax base. The economic literature in support of moving to a land-value only property tax base goes back to the late 19th century. A small number of local governments across the nation do, in fact, impose a higher rate of taxation on land values than on improvement values, as sound economics dictates. However, doing so generally requires enabling legislation by the state (or even amendment of the state constitution). Pennsylvania communities are among the fortunate to have this local option available. The state capital, Harrisburg, imposes an annual rate of taxation on assessed land values six times higher than that imposed on building values. There are about 20 other towns, boroughs and school districts in Pennsylvania that have moved in the same or even greater direction. Pittsburgh was for many decades one of the cities but returned to a conventional property tax after a long-needed countywide reassessment provoked public outrage. Philadelphia landed interests have thus far prevented supporters from getting a bill out of City Council to be signed by the Mayor. If this approach is of interest, visit the website of Common Ground, U.S.A., a membership organization that promotes the two-rate form of property tax as a key part of its advocacy work.
Why just ONLY build houses? Why not also build townhouses, condo apartments, duplexes and apartment flats for sale? Houses take longer to build than the other types of housing. Of course we need more houses, but our zoning laws need to change so that other types can be built, and thus help to meet the demand for housing.
deregulation leads to slums, not decent affordable housing. realtors and rental agencies need to be held accountable for living conditions. where i live, there's no shortage of construction. you see it all over the metro area. but it's all high end yuppie condos and apartments. this is because there is a LACK of regulations regarding how these companies are taxed for creating building that almost no one can afford to live in. forcing companies to pay fair taxes would shift the power back where it belongs, in the hands of average consumers. in other words, realtors and rental agencies would be forced to meet the demands of the average buyer instead of finding tax loopholes that reward backdoor manipulation of tax and real estat policy. deregulation is just a code word for being able to wring the common person dry without having to meet their end of the business arrangement.
There’s a goddamn global pandemic; The velocity of money has effectively stopped. There is no actual help for mortgages and rents, and many people will start losing their homes by Thanksgiving, if not sooner. And this guy wants to tell me the problem here is too much regulation? Get lost.
This was released before the pandemic lock downs. It is true. We need deregulation in California. I make close to 27k per year at a 16+$ per hour job. My rent before pandemic was more than 3/4's of my take home income. How do I pay bills and buy food? I make too much for any help from public assistance by 20$. Competition in housing would be the answer, it would make costs for rent go down, but that cannot happen without deregulation.
Its so strange how people promote this quality of life upgrade as good but as a contractor I constantly see companies jumping in promising sustainable multi use buildings only for them to not provide enough overhead to keep them running. Then banks come in promoting slums. This is how Compton became a huge issue look at the commercials and ideas back then. History is there for us to read and avoid mistakes of the past not to repeat them.
Love the visuals on this. I will say that nativism is my favorite ladder-kicking behavior: I’m not originally from here but I need to ensure no one else can ever follow me.
What is ladder-kicking behavior? I am not familiar with this colloquialism.
Bizarre, this quality content is viewed by so less people!!!!!
Vladimir josh it’s an advertisement
California is the worst. The most difficult place in the country to add new housing stock. Zoning laws need to be repealed in a significant way. Allowing ADUs is not enough.
Some of those regulations weren't well intended. People in San Francisco districts will straight up admit they blocked construction to stop "gentrification" because they don't want their community's "unique and artistic" "cultural heritage" to be replaced with boring apartment complexes and Starbucks. Imagine how selfish you have to be to say that people don't deserve to have more affordable housing or to see investments in their neighborhood because it'll make the area less "aesthetic". They even go so far as to say it's to preserve the racial/ethnic makeup of the community, which is just straight up xenophobia and racism. The irony is gentrification still happens because the predominantly white and Asian high income earners still wanna live in the area, except instead of moving into new apartments they now are forced to compete with lower income residents for the limited supply of housing, raising the price and housing and forcing the poorest people to leave the area or onto the streets. In places like San Francisco and Los Angeles all progressives have done is make sure that gentrification is a slow and painful process that increases homelessness and poverty, rather than something that should have uplifted people out of poverty and improves bad neighborhoods.
Good ideas.
I think rolling back regulations is not forward thinking. We do need environmental restrictions and zoning. What would help is building truly affordable housing and deed restrictions that prevent resale for big profit. But what contractor wants to take on a project that restricts profit?
This was obviously done prior to the coronavirus outbreak. With 3.3 million layoffs last week, FHA has just raised its minimum FICO scores from 580 to 660. It is no longer an issue of housing demand, but rather lack of access to credit. Buyers are going to go away - and quickly.
Lee: *common sense*
Housing bureaucrats: IIIIII'MMMMM MELLLLLTTTIIIINNNNNNGGGGGG
To solve the problem of the worsening shortage of affordable housing the starting point is to tame our nation's land markets, which are credit-fueled and speculation driven. Land is widely held undeveloped for years or even many decades. How communities tax real estate is a major part of the problem. Buildings are depreciating assets that require ongoing spending for regular maintenance. Then, about every decade, major systems must be replaced at high cost. If it makes sense to tax housing units and other buildings, then the government should be imposing an annual tax on all forms of depreciating assets based on an annual valuation. This would be terrible public policy, as is the annual taxation of the seldom accurate depreciated value of a building. This leaves the value of the land on which buildings are constructed as a property tax base.
The economic literature in support of moving to a land-value only property tax base goes back to the late 19th century. A small number of local governments across the nation do, in fact, impose a higher rate of taxation on land values than on improvement values, as sound economics dictates. However, doing so generally requires enabling legislation by the state (or even amendment of the state constitution). Pennsylvania communities are among the fortunate to have this local option available. The state capital, Harrisburg, imposes an annual rate of taxation on assessed land values six times higher than that imposed on building values. There are about 20 other towns, boroughs and school districts in Pennsylvania that have moved in the same or even greater direction. Pittsburgh was for many decades one of the cities but returned to a conventional property tax after a long-needed countywide reassessment provoked public outrage. Philadelphia landed interests have thus far prevented supporters from getting a bill out of City Council to be signed by the Mayor.
If this approach is of interest, visit the website of Common Ground, U.S.A., a membership organization that promotes the two-rate form of property tax as a key part of its advocacy work.
Rich people blaming regulations when they are really just greedy.
TL K23 or it’s the regulations
Nathan Curet And look how much money they have to blame those regulations.
Rich people LOVE regulations because they HATE competition. en.wikipedia.org/wiki/Regulatory_capture
This has nothing to do with anything!! They are expensive as hell!!!!
I mean, it’s simple BUILD MORE HOUSES!
Why just ONLY build houses? Why not also build townhouses, condo apartments, duplexes and apartment flats for sale? Houses take longer to build than the other types of housing. Of course we need more houses, but our zoning laws need to change so that other types can be built, and thus help to meet the demand for housing.
deregulation leads to slums, not decent affordable housing. realtors and rental agencies need to be held accountable for living conditions. where i live, there's no shortage of construction. you see it all over the metro area. but it's all high end yuppie condos and apartments. this is because there is a LACK of regulations regarding how these companies are taxed for creating building that almost no one can afford to live in. forcing companies to pay fair taxes would shift the power back where it belongs, in the hands of average consumers. in other words, realtors and rental agencies would be forced to meet the demands of the average buyer instead of finding tax loopholes that reward backdoor manipulation of tax and real estat policy. deregulation is just a code word for being able to wring the common person dry without having to meet their end of the business arrangement.
When is your next giveaway
Not a single statistic. Not one.
Did you listen at all?
Yeah bud open your ears.
Just came here because of his last name
Did you know my dad?
Enter the corona virus
Just destroy historical properties and build cheap and over priced. Housing policies support developers and GOUGING.
Carpet baggers, gone with the wind. This is all you will have of Tara Mr. Wilkerson.
If a school bully took your lunch money this guy would say the problem is that you're not allowed to run in the hall
Stfu my dad is smarter than you
There’s a goddamn global pandemic; The velocity of money has effectively stopped. There is no actual help for mortgages and rents, and many people will start losing their homes by Thanksgiving, if not sooner. And this guy wants to tell me the problem here is too much regulation? Get lost.
This was released before the pandemic lock downs. It is true. We need deregulation in California. I make close to 27k per year at a 16+$ per hour job. My rent before pandemic was more than 3/4's of my take home income. How do I pay bills and buy food? I make too much for any help from public assistance by 20$. Competition in housing would be the answer, it would make costs for rent go down, but that cannot happen without deregulation.
My Dad made this before the pandemic happened. And there is too much regulation.
Yeah before the pandemic! Asshole.