Highlighting the owner-renter differential is an important topic. One thing that creates conflict is that subsidizing home-ownership, makes renting more expensive. Subsidizing mortgages means house prices will go up. Since rents are a flow from housing, a higher house price means higher rents. So there's this conflict between homeowners and renters.
Excellent post, Jeremy. What I have found is that many times, both government and the private entities they hire to conduct its business, or any company, claim one thing-- like they will conduct business in a particular way, but in practice, do nothing even close to what procedures it says it will follow. I liken this to the home appraisal process which is supposed to be conducted according to set criteria, but as these examples point out, it doesn’t always work that way.
Interesting on how nearly all of the "progressive" cities are the ones failing the most at fair housing prices and opportunities. You reap what you sow.
Great article! We've also written about housing affordability - one solution we discussed is the expansion of city transit as it is a policy that benefits everyone (and in many cities will pay off) - https://nominalnews.substack.com/p/housing-and-public-transit-in-cities
Highlighting the owner-renter differential is an important topic. One thing that creates conflict is that subsidizing home-ownership, makes renting more expensive. Subsidizing mortgages means house prices will go up. Since rents are a flow from housing, a higher house price means higher rents. So there's this conflict between homeowners and renters.
Excellent post, Jeremy. What I have found is that many times, both government and the private entities they hire to conduct its business, or any company, claim one thing-- like they will conduct business in a particular way, but in practice, do nothing even close to what procedures it says it will follow. I liken this to the home appraisal process which is supposed to be conducted according to set criteria, but as these examples point out, it doesn’t always work that way.
Tell us about your experience trying to buy a home and any difficulties you may have had
Interesting on how nearly all of the "progressive" cities are the ones failing the most at fair housing prices and opportunities. You reap what you sow.