• Flying SquidOP
    link
    -323 days ago

    What demand? People can’t afford houses.

    • @Delphia
      link
      723 days ago

      So they are building these for the fun of it?

      The more houses built the better supply gets, the better supply gets the more prices will drop. Every one of these thats built and someone in the inner city scrapes together the cash to buy in suburbia frees up an apartment.

      • Flying SquidOP
        link
        223 days ago

        The more houses built, the more for private companies to buy up and try to flip or sell rent at higher prices.

        • @Delphia
          link
          623 days ago

          Thats a seperate part of the same problem. They already have private buyers beat on buying power, less supply doesnt hurt them at all.

          • Flying SquidOP
            link
            123 days ago

            Plenty of houses around here are for sale. Doesn’t seem like a supply issue.

            • @[email protected]
              link
              fedilink
              4
              edit-2
              23 days ago

              You can’t measure housing supply relative to demand by the presence of houses currently on the market

                • @[email protected]
                  link
                  fedilink
                  122 days ago

                  Maybe how much housing is being used or actually exists, compared to how much money is being spent on it? The problem with looking at what’s on the market regardless of price is that if there is plenty of housing currently on the market at a very high price, that could be because there are many dollars chasing not much housing, and it’s already priced in enough that all available units aren’t getting immediately bought.

                  • Flying SquidOP
                    link
                    122 days ago

                    You’re ignoring the fact that your supposed evidence contradicted your claim.

            • @[email protected]
              link
              fedilink
              023 days ago

              There’s always about 100 house available for sale but they’re sold in a few days and there’s about 1000 families looking for a house at all times

              Your analysis: ThErE’s No SuPpLy IsSuE

              • Flying SquidOP
                link
                323 days ago

                Well, considering there are lots and lots of houses here that have been on the market for a long time, yes. There’s not a supply issue, at least where I am.

                • @[email protected]
                  link
                  fedilink
                  122 days ago

                  “here”

                  Yeah so using just your local community to evaluate the market as a whole should make you question your methodology.

                  “There’s plenty of cheap housing available for everyone!” says the guy looking at the Detroit market.

                  • Flying SquidOP
                    link
                    022 days ago

                    It’s not like I live everywhere… and it’s not like you’ve presented any evidence.