If any of the points in this video seem weak or bad, I probably agree. Stay tuned for a director's cut with bigger and better information, coming 2024...
Apart from that this guy have no idea what he is talking about. Everything is so blatantly absurd and factually wrong that I wonder how anyone can take anything seriously. Do you know why the "golden age of capitalism" were allowed to own all of those stuff on a small wage? It was because they literally borrowed money at YOUR expense. They manipulated the market and money to give it to themselves. You now have to pay for that simply because at some point you need to pay the piper. You pay it through taxes, inflation, high prices and stagnant wages. This guy just happen to ignore just about EVERY SINGLE FACT there is only so he can make the most absurd claim. No. Lower house prices will not mean the end of poverty, sickness, homelessness and people moving to mars. He is either just lying or telling you the world is flat because he do not know any better.
@@Cloud_Seeker not sure about that, since it was clear that things got worse when neoliberals decided to make houses an investment with asset appreciation.
@@ianhomerpura8937 Houses has always been a massive investment. This guy is just wrong about them being a commodity. He also is not actually looking into what happened in 2008. Housing was not the cause. The cause was that banks were allowed to gamble with other peoples money and lost it all. The banks were then bailed out by everyone in the future through higher taxes, lower wages, loss in oppertunties and inflation. If you have a IQ of at least two digits you should be laughing at the idea that your pee pee will grow 5 more inches and world hunger will be solved if people just build more houses. This guy clearly do not understand the infrastructure behind a house. Building a house and the infrastructure around it so it can be built are not the same thing.
@@Cloud_Seeker you also seem to forget that those very same banks who crashed the economy are now also basically the same companies that own most foreclosed homes, most of which have been empty for years. And yes, building the house and building other necessary infrastructure are different things, but in the end, it's the fault of people from all sides screwing up real bad.
@@ianhomerpura8937 I have not forgotten that. It is just irrelevant. The whole thing that caused the issues were that ANYONE no matter what was allowed to loan money and buy a home. You were a drug addict with no income and mountains of debt? No problem. Take a loan and buy a home. Not only does it make more houses to be built everyone makes money even if you don't pay back. You can then lend even more money because the value of a house can only increase forever. That was the cause of the problem. Many people who can not afford a home took out massive loans as no one cared about the risk of them not paying them back. Most of those foreclosed homes should not have been owned by those people in the first place.
@@MarcoAntonio-xd1ej You're allowed to be wrong, that's allowed because *_AMERICA_* guarantees freedom of speech. Something you will *_NEVER_* find in China 🥱🥱 Winnie the Pooh will just crush you under tanks in Tienanmen Square.
@@besomewheredosomething we don't have a choice. Look at the fall of Rome and the French Revolution. With the politicians being in the pockets of real estate, it's not a matter of if but when.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
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It's so strange to me how houses in the USA are treated as an "investment". But wait. If people buy homes and expect them to keep getting more expensive so they can make a big profit... houses eventually become so expensive only the wealthy can buy them. And that's exactly what is happening. We now have a massive problem where private companies are buying up houses in order to rent them, making it harder for people to BUY homes and forcing more of us to rent for life.
To make it worse, some companies are just buying housing and not renting them. It happens all the time in FL: 1/3rd of all LLC properties sit completely empty with no intention of being rentals, air bnbs, or even winter homes for snowbirds. They might sell the property off in a few years, but nobody lives in them in the meantime. Considering LLCs can own entire zip codes in FL, and they currently own nearly 50% of the residential real estate in FL, just adding those empty homes to the market could cause prices to collapse nearly overnight. (New Orleans saw something similar but with airbnbs during the pandemic. They had a 'housing shortage' that nearly vanished overnight when suddenly all the housing that was used for airbnbs went on sale during the travel shutdowns.)
@@AleiiJoan Most investment properties weren't bought with loans or mortgages. They were bought in full and in cash. (It's one of the reasons I keep telling people that if this crashes it's not going to look like the 2008 crash. There's actually very few mortgages involved at all.) Some of the smaller fish will probably be caught at the bank, but I'm not feeling especially sad for them. Most small time landlords don't enact the full scale abuse of the bigger ones more for lack of opportunity, than any unwillingness to be gross.
@@SkySong6161 damn bud what's up with small landlord hate? Do you really think that every person who owns more than a single home is the devil who wants to fuck with you and doesn't because they don't have the opportunity?
If you want to see where the housing crisis could go, look at China, where the housing crisis is 10x worse than in California. Could you imagine you have to pay >$1M for (technically the
University student in Vancouver here, my monthly rent split with three roommates is $866 each. That's 10k per year and I've lived here for three years now. There's nothing I want more than affordable housing. I have no family to go back to or ask for help, I'm really just suffering.
What really alarms me about Canadian rental prices is 10-15 years ago these cities were much more affordable than comparable US cities. Now they are even more expensive.
I’m a university student in Nanaimo still living at home. I pay $600 in my share of the rent, but it totals to $1750 per month, and we don’t even have 1000 sqft. We also get no sun and are forbidden from putting anything useful on the tiny deck.
I have a similar situation, similar costs and even with minimal familial help (and I mean like, really minimal help from an enabler of a unsympathetic parent, which is basically just signing papers), I'm barely stable enough to go to school. I have to get a job or do work-study next semester to complete my degree.
This Topic was also '''covered''' by Illuminaughti as well as Some More News. But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought". I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
I still remember having an argument with my dad when there was a move to build affordable housing near his house and he went to protest it. His argument was simply "protecting his land's value" and that affordable housing is ok, just not in his backyard. This mentality still baffles me, as it just exemplifies the fact that he, and many people in that neighborhood, can't simply be happy that they have nice homes to live in, but those homes have to also be investments that are never allowed to decrease in value.
Its difficult. On one hand, we have many more people that need housing. On the other hand, we have people like your dad that bought their house as an investment and doesn't want the FMV to go down with the new buildings. It appears that a radical, new, mobile, self sustaining system structures are needed that are completely outside of the old model of building houses/apartments. This new concept would try to be the RESISTANCE to the UN, Mega Corporation, International Bank take over of the Planet. Sadly, much of this video promotes the Stack and Pack Agendas 2030 and Agendas 21 of the UN where the vision is to shove as many people as possible into tiny, cramped rooms where animal meat will be replaced by insect 'meat'. There is irony in this vid.
But you can completely see why he's against it near his property. its a totally logical set of steps. Perhaps developers should buy land in the the middle of nowhere and build a totally new community there. sell the houses cheap as there is no community or established jobs etc and wait for the service demands to mount up for a local economy. why should people have their property in an area devalued by competition and have to live with construction traffic for 3 years? If you want cheap homes, build them over there -> take the demand for services with you too and create a new city on a hill. Its two different entitled peoples expecting to win without opposition and as such, the incumbent will usually win (your father).
You know what? The thing is, i know many in their mid thirties that got their home now, but its something they started building in their 20's. Sometimes even putting in work themselves. In my regions the suburbs have a big garden and orchards, so they took some corner of their parents land and build the house there. But buying land and paying for a 4 bedroom house is not on the table for our generation.
@@AK-Kessler0907 I think if I hadn't been disabled I may have been lucky enough to own a house, but I feel like I would now be falling behind on the mortgage.
@@GG_Pretty you act as if countries just hand out free citizenship or work visas. “Just move to another country, ITS SOOOO EASY” Your opinion is garbage and ignorant, end of story.
No way, go even nerdier. This needs to be put out there. i noticed during the pandemic in britain they managed to home all the homeless and the city centre, for the first time id ever seen, was homeless free. So they can do it but they, for some F'ed up reason, choose not to as since all the lockdowns have ended, my city centre (Plymouth) is back to full of homeless again. Really sad to see.
It's an unfeasible solution long-term to do what they did during COVID. They booked hotels in mass during lockdown, not only is this incredibly expensive but hotels aren't as available outside lockdown. They didn't built anymore houses, they just paid a lot of money for services which wouldn't be used in a lockdown
Homelessness is a function of capitalism, it's a silent threat to keep you in line. If there weren't homeless people on the street, there wouldn't be that constant, low-key reminder of "you could end up like this if you don't toil harder, prole"
@@kapnclinton Homelessness also existed in the Soviet Union as the Soviet government prioritised heavy industries over consumer goods, coupled with the second world war, caused a shortage in housing. So is the Soviet Union exactly capitalist? Homelessness isn't a tactic used to "keep people in line", preferably capitalist countries would want everyone with a home as it increases their productivity, lowers crime and prevents a portion of their population from dying every year, instead it comes from mismanagement, incompetence and greed, which does not only exist within capitalism.
It’s so important to emphasize that it’s not just “build more houses” but rather “build more houses more densely with walkability and bikeability to everyday businesses”. Otherwise it solves nothing.
Banning foreign real estate companies and Wall Street from buying up all homes and renting them out would make housing more affordable. There should also be a limit on the number of homes that can be owned by a single person.
@@seneca983 better for the housing market yea probably, better for the environment absolutely not. Continuing that would be a fucking nightmare, adding gas on the fire. Also agree, walkability and increased density are great.
Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
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27:16 Yeh I'm a Dutch city council member: That type of three to five story apartment building you're showing people is almost never built new here anymore. To a degree that's because towns and cities prefer to facilitate high-income fully detached houses.... But the BIG, real, actual reason we aren't building low/midrise apartment buildings anymore is *because of NIMBY home owners fighting every attempt at doing so tooth and nail.* They do this to protect the value of their homes at the cost of _everyone else._
Yep, everywhere on the West Coast is like that in the USA. Housing needs to be codified as a right, circumventing home owners’ ability to infringe on housing supply for their own selfish purposes.
NIMBY is keeping shelters for the houseless from happening for the same reason you describe apartments not being built. We treat our unhoused here as though they are criminals instead of human beings unable to afford the unaffordable. Do the Dutch treat the unhoused this way? I believe americans do it out of fear, because they're not far from ending up on the street themselves.
@@BluetheRaccoon ABSOLUTELY agree!!!! It is sickening and people have a certain mindset even about the word "homeless", it is "THE homeless" like they are a group of people instead of a very real and palpable social condition. We as a country need to come to terms with our very real fear of housing instability before we can address this problem correctly.
Dont forget about the "emissions" bs when it comes to building houses... the ammount of crap from our country in 2020 has left me permanently mentally disfigured and now i require atleast 50hours of sleep a day to sustain my sanity... Can they like instead, maybe- excempt "de bouw" from emission goals please? Im paying about 1K a month for a single room with a shower
I want to just say that: In Japan, Housing is REPLACED, not resold at a very very high rate. You see, people do not want to live in homes that have been used before, for the most part, unless they hold historical significance. I can't quite remember the reasoning for it: but it's entangled with the evolution of certain cultural values and ideas. So,, houses are not resold very often, and when they are they hold almost no investment value: which creates a totally different market value (which is really so cool): since houses do not retain value for resale. This fact also explains the number of houses being built: since new couples are far more likely to fund the construction of a new property, rather than buy a "used" home. There are a few documentaries on RUclips about it. If people are interested I can find some links
I think it’s cuz of one of the tenets of Shintoism (the dominant religion there) where you don’t place much importance on material things since nothing lasts forever. But yea if I recall correctly I think like on average buildings last 30 years or so before they’re demolished and rebuilt
@@koobyn No it is spiritual but also technological issues. In Japan some of the building pads are very small. When you have real estate that small you cant just work around design flaws. Every inch, or in Japans case cm, count. When I lived there you had separate sinks and toilets. But the room for the extra basin took up a lot of footage. So they started putting wash basins on top of the toilet so you got a double use. The grey water from washing your hands now gets used twice. In most places thats not even considered, but in Japan where a significant portion of fresh water is created from salt water, which is energy demanding it matters. Some structures are torn down due to safety concerns, but those are very few and far between.
I’m a student in a huge college town and you don’t know how much it pains me to see a constant stream of new “Luxury Apartments” going up in a town that’s made up of students who can’t afford anything over $800/month. The zoning laws are painful to watch when they’re being followed.
theyre not even real luxury housing, they're 5 over 1s made with wood construction techniques that are way cheaper than concrete/metal/glass luxury towers (and transmit noise to your neighbours etc) The one near me that got made recently (at the end of the train station) is charging 1.4k for 500 sq ft. Our population is growing at 10x the rate that housing is being built, and even if you divided it down by 4 people to a house, that's obviously a terrible outcome
So other people cn't have something nice because you can't afford it? When you grow up someday you will want to live as you did as a student? What are they teaching you in college? Gender?
There is also a huge psychological aspect to the avalability of housing as it correlates to our sense of belonging, of deserving a place on the planet, which of course we all do. I believe housing is a human right, and it is criminal that now it's all about money, ie. helping rich people get richer.
Food and clothing Is a human right isn’t it? But you have to pay nothing is free. You don’t work you don’t eat. I just feel the prices are insane even for some working. Every work person should be able to afford a home
Unfortunately, nobody owes or deserves anything in reality. In ye old days, hyenas and baboons would chase you away from food, lions would try to take your life, and a bear would make your cave its home while you were out for a walk. The only difference with today is that, instead of a bear, there's a wholeass dragon.
@@Kelogotti now imagine food is absolutely unaffordable to you while the people exploiting you basically throw it away because it's too much for them. But hey, you don't pay you die.
There is literally a housing crisis at my college that perfectly encapsulates this video. There a literally studio apartments that $1500/month that my school expects *college students* to be able to pay.
I'm 38 living with my husband and we can barely afford a studio that is $1700/month. Plus the kicker is I had a car paid off and it just broke down so I have to buy a new car which is $500 a month and full coverage insurance. I have NO clue how people expect college students to pay this, I really feel for you 😢
Design like the Dutch, build like the Chinese, house like the Fins. If they can do it, we all can. The CO2 emissions of concrete is a hit we'll have to take, but it will be offset with the great reduction of car use. I live in the Netherlands and all things mentioned in this video about it are not just true, but they create a fantastic living environment. I can't even drive a car, not because of a personal defect, but simply because I have no need to. I can get anywhere I want with my bike and by train.
A couple things to consider. Sand suitable for concrete is a limited resource that is increasingly environmentally destructive to ecosystems to mine. Sand mining offshore can also accelerate coastal erosion, reducing seaside land in combination with sea level rise, a double whammy. Also offset concrete carbon emissions from concrete means we'd need to actively sequester, not just reduce carbon emissions from another source.
@@krandaman1 yeah, the 40% of emissions caused by the building industry really knock the "build more houses" argument to the ground. As in, the solution is a bit more nuanced and complex, though that simple answer sure makes for an entertaining video.
Don't build houses like the Chinese. They are of really poor quality and are doomed to collapse in decades. Build them like Japanese where houses can withstand earthquakes.
@@flurble33 sadly, fast large scale sustainable building is an oxymoron. A change in pace of life and need for urbanisation are where we gotta start, as you do need flexibility in where you live which comes with different approaches to building. But also, there really isn't a one size fits all solution and any approach ought to be *holistic*, countries like mine (Bulgaria) ought to outright ban new buildings.
Of course, it's beyond just building more housing, but also about disincentivizing a whole host of predatory real estate and financial practices. Practices and imperatives that also pervade almost every other sector as well.
@frederickmuhlbauer9477 hahahahaha what do u think that money will be worth when the crash comes. Your statement is so stupid it's brain numbing to think that your solution for this poor guy is for him to buy gold and save hahahahhahahahahahahhahahahahaahah damn that's dumb
Empty houses are actually a strong indicator of the problem, not the lack thereof. Additionally, an empty house degrades quickly, and empty houses that sit on the market stay at high prices simply because they can due to a low market supply.
Not due to low supply, it's like the Dimond market, they have a decent supply they just horde the supply and act like it's rare and charge you a ridiculous amount for it
@@Name.......... That is not even accurate to the video lol. No one is hoarding them and expecting market price for a house you own is to be expected. I mean you bought it and you need to sell it at market price to even buy another home. There are other factors that can be expected too (not all houses are made the same). Like for an investor: "What is the initial cash for the investment and what do I expect to make percent wise year after year?" If I'm an investor I should expect a hard minimum of 7 percent per year as that is the average in the stock market and requires much less work (and no minimal investment unlike real estate for the most part). Example: If I purchased a house to rent for 200K then with a thirty percent down payment of 66k. Lets calculate the minimum monthly cost for this home to break even on rent. A mortgage calculator on google gives that with the numbers stated above with the current interests rate it is $1,121. Upkeep costs need to be set aside which is 2% per year (1-4% per year of your home value) and that is $333. Another cost is tax which is another 2% (based on my area) This totals to $1787 MINIMUM with NO return on investment. With a 7% A.P.R. which should realistically be a minimum for this investment that's another 385 dollars per month totaling $2172 for rent. Damn I would not want to go through the process of renting a house for 7% A.P.R. (Granted the property appreciates but if that doesn’t happen your f***** anyway) Rent price plays directly into the money people are willing to spend on a home as well. Also a lot of the math above plays into land development and the general buying and selling of houses even for the average homeowner. Markets are a MASSIVE field of research and to dumb it down as you did is incredibly stupid and misleading. Note: Some of my math could be wrong and there are other factors as well. I HIGHLY encourage you to do your own research.
@@Name.......... If there weren't buyers ready, willing, and able to pay those prices you consider 'ridiculous', they would be vacant almost 100% of the time. You can't simply charge whatever you like and get people who literally don't even make as much as the rent is to magically pay it. Supply & Demand decide what the price is, not sellers or anyone else.
THANK YOU!! Companies like Blackrock and Vanguard have been buying up properties/realestate/houses with funny money printed hot off the presses and HOLDING those properties, they don't even WANT or PRETEND to be open to selling. The less real estate on the market, the more the prices go up. Artificially withholding the supply of housing is also creating an artificial housing crisis. As @Name and @kevykevTPA discussed, the prices are ridiculous because those property holders are likely PRETENDING to be willing to sell, but in reality they set some insane price that no one can possibly afford to ensure the house is with-held from the market.
@@kevykevTPAExcept that you need housing like you need food or water. housing is a necessity so people will pay those stupid amounts like the Weimar Germans paid the stupid amounts for bread. The housing price is artificially inflated by a multitude of factors. Then again my solution is removing the main thing causing the issue. butchering Landlords entirely by limiting the amount of buildings one can hold with the specific zoning of housing. Aka 1 house/housing building per person but have as many commercial or industrial ones as ya like.
Just one thing: China's housing development boom is a _very poor_ example to use for why we should build homes -- they build not to make livable cities, but to store their wealth. Look up China's "ghost cities", there's at least one RUclips video on it. A better example of proactive housing development is Singapore. They actually build apartments to have places for people to live in, not for amassing profit.
China's problems with overbuilding housing is real but greatly exaggerated. The consistant 5+% GDP growth a year for decades is in large part due to their willingness to do w whatever it takes to build housing. This is an astonishing rate of growth compared to similar periods in the Western world. Yes they have overbuilt at certain stages and yes other investments that are actually more valuable than housing have been squeezed out by excessive investment in housing. But China's excessive house building is at a far smaller scale and far less damaging than the Wests under building of housing. To make up fake numbers China might have lost a percent GDP to building too much housing but the US lost 3 by underbuilding.
Thanks for pointing that out - what Chinese people are going to do when they can't resell these "investments" is going to cataclysmically rock their economy. It's the single biggest weakness in their plan to become a world leader, and there are many other flaws in those plans. But at least they are trying, and it does have the side benefit of keeping a robust construction industry thriving in case they ever have more productive projects to work on, like the Three Gorges Dam, 245GW of nuclear plants, massive highway expansions, and helping other nations build when they need a project completed.
@@ccox4669 There are plenty of people who still need housing in China. China is still no where close to the point where everyone has thier own good quality apartment. Sure they might have overinvested in housing in the sense that there were more critical investments to make than making sure everyone had their own high quality apartment. But the idea that they built more housing than they will have people to live in is an exaggeration.
The fact that me and my girlfriend at almost 30 can't afford to start a family and buy a house is frustrating as hell, these days if you don't have the milion in your pocket you are basically poor. And then they wander why less people makes children, how tf are you supposed to take care of it if your income is just enough to cover some bills and eat?!
I believe this is the whole master plan. Use zoning laws to limit new housing, making real estate skyrocket lining the pockets of the governments while reducing carbon footprint from reduced city size and population. It’s is pretty frustrating to say the least.
@@mylesgray3470 at this point we are fuc**ng each other behind the back, everybody it's getting greedier and profiting from others, just to get the ideea, before corona i was going to buy a piece of land to build a house, it was in a rural area and it was like 10 dollar per square meter, some days ago I found the same post but the price is 70 dollar now... Immagine my face
@@sdfggtfhhyy Dang.. That’s a whole other level! I’m kicking myself that I missed out on 50% appreciation in 2 years in Salt Lake. The run is over now. Rates are up, prices are topped out and headed lower already here.
@crassgop lol what the fuck are you talking about??? So untrue. Most of our parents easily afforded their own places when they were young and it cost a small fraction of their pay
As a 20 year old student bathing in debt, being denied a place in a dorm due to "not participating in student events outside of academic work" and being fed promises by the russian government about getting a flat for 10 years (my father is a retired military officer) I can say, that for a lot of young people getting a home (not a house, just a flat) seems like a far away dream. I spend all the money I earn on renting a room and buying food, occasionally going out with friends. Thank god my family is supportive and always buys me clothes, medicine (btw, this shit is so expensive). But due to recent events (there's a lot of them lmao) the price of renting goes higher and higher meanwhile there's less and less job opportunities for young people without a college degree (there's a joke in Russia, that you need to get a university degree to work at mcdonalds and now that shit is closing in russia). I can only be thankful for my parents that I have a place to stay but my mother has to pay for her appartment for 15 more years to close a mortgage. Anyway, goodnight, thanks for cheering me up 2 in the morning )
I'm sorry to you. I know it's not even the citizens who knew that war was coming, but caught in the mix, and suffering in life as a result, as well. What's happening in Ukraine is inhumane, unfathomable, and unacceptable . But when were the citizens of every Russian, nevermind the majority , ever autonomous? Even most Americans arent, without realizing it. Most. American govt seems to be "importing autocracy, instead of exporting democracy" , I heard an intellect on a podcast say recently. It is reniscent of your McDonald's comment . Similarly - our profiteering college industry - failed most of us - with 40% polled, advising "the degree was not worth the cost". Sending my love - from the US. P.S. both my parents are Slavic. I'm first generation. So I get it.
You making learning a new language, getting enough capital, separating with your friends/lover/family, getting a job in the foreign country without citizenship good enough to pay for housing and other expenses sound so easy. I wonder why you didn't immigrate to a better country yourself. Oh, maybe it's because you were BORN there and don't have to do anything other that watching youtube and telling people how to live in the comments?
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I've had the same thoughts this morning. The connection between low birth rates and housing affordability is so goddamn obvious, yet everyone is trying every other "solution", which never works.
Tell that to the Africans living in a one-room "house", birthrate average is over 5. It's obvious it's culture at play, the Europeans with the biggest houses produce 1 child average.
+Marc Anton this is such a terrible comparison. Unlike people in urban poor-housing areas, your hypothetical African mother own their property, and thus can sustain more children. Also, the atomisation of Western society is a product of poor suburban housing. This atomisation is not seen in African cultures, which is based on extremely strong community connections, which lowers the burden of motherhood
@@elsiemabel Your imagination is leading you strange places. It's like in your world-view Africa doesn't have highly-dense areas of living. They are called cities and Africa has them too, but I'll take any bet the fertility rate even there is nowhere near something like 1.7 per woman which the west has. It's also to the level of fantasy to imagine owning a one-room shack helps you sustain more children. I will tell you the strong correlates with high fertility rate, conservatism, religiosity and low intelligence. Weak correlates? Being in a city.
This Topic was also '''covered''' by Illuminaughti as well as Some More News. But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought". I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
Most voters in the US are homeowners and they won't vote for policies that will devalue their investments. This is a problem of shortsighted voters but mostly incentives. Nobody wants to be less wealthy. The young people need to vote more, especially in local elections, then maybe we can ask why the game is rigged against us.
My generation has been brainwashed that voting doesn’t do anything Smfh. But I cannot be silent anymore. We need to become a community again. We need to build more and we need to get rid of the laws that say apartment complexes can’t be built. There’s a lot to be fixed.
@@NicolletteR The biggest lie we've been told as Millennials and Zoomers is that we have no power. We must change the juridical order as to fit our needs. We must spend the government's budget on our agenda. We must pass judgement as per our convictions. We must shift the balance of power in our favor. Taking to the ballots is not enough. Most of us Westerners in the Americas and Europe live in democratic republics, so we must become candidates. Older Millennials spent their youths waiting for candidates that truly represented their will to come along, and they never came. Now we must become the candidates we want to see, and vote for ourselves. Then, and only then, will our fortune change for the better.
@@NicolletteR But they *don't.* Maybe at some point they did, but that was multiple generations past. The only votes that truly carry enough power to mean anything are the votes the businesses cast. That's who becomes President, the person big corpo is elbow deep in.
When houses that sold for 300k a decade ago to families are selling for 1.2 mil now with no changes to investors who don’t live there, you know that something is wrong with the world and the market
You forgot to mention one thing when it comes to Denmark - we have a law called bopælspligt! It basically means that someone must live in a house/apartment that you own for at least 6 months of the year, it can be you or someone else. If you can't fulfill that duty, you're forced put your house/apartment up for sale. Of course, said specifics of the law can be altered as needed. It can be 4 months or 8 months of the year, and instead of being forced to put the house up for sale, it can be higher property taxes. There's also the fact that you can apply for exceptions, if you work overseas for example. This law is generally good, as it forces landlords to actually rent out houses/apartments that they own, instead of just leaving them empty for their whole lifetime. It also forces landlords to actually put rent at the actual market value, because if your prices are too high so that nobody wants to rent from you, this law still applies.
Housing prices in the US, where we obviously don’t have that law, are regulated by landlords going bankrupt if they rent for too high of a price. Unfortunately, there’s not really enough housing which drives prices up of course. I think it’s cool that two different methods (try to?) solve the problem in different ways.
It also helps Denmark is having a lower people density than countries like the Netherlands. Still, this is a very good idea from which I hope it will be implemented here too some day. Here the overregulated real estate market of municipal social housing corporations, subsidized mortgages, regulated anti-squat living spaces, a difference between living homes and holiday homes that doesn't make sense, artificial urban, rural areas and Natura2000 national parks is completely broken. The proposed solution now is simply providing homes only to people living in town. This means people can't move to other towns and cities to get affordable housing.
That is a problem you know. I think every person should be at least entitled to at least 100 sq yards, it can be in a building. Say a couple get into a fight, we do not want one of them to be homeless or be in rent-slavery.
When I was in college my teacher showed my class all the properties in the local area and one of them was a literal cupboard under the stairs for £800 a month. He told us this is what we had to look forward too
Wage slave: "This has been a hard day/week/month. I've been surviving on instant noodles for almost a week. Finally my payment is here!" Landlord: "My payment is here!"
It's so blatantly obvious that it almost feels like it's being done on purpose to keep the masses struggling to enough of a degree to be too weary to do anything about it
Moved to Finland to do my conscription service from Canada. I’m 23 and 3-5 years older than most of the guys/girls in my company and literally every single one of them lives on their own and has moved out. It’s such a contrast moving from Canada where everyone is locked in with their parents cause rents are +3k in the GTA.
Currently a one bedroom apartment in Copenhagen, Denmark costs about 2/3 of a starting salary. It is now perfectly normal to have roommates something that was basically not a thing twenty years ago.
Yes; Copenhagen is slowly going the route of London. Very sad. And even in Århus (the second-largest city in Denmark, where I live), prices are going upwards. In just the 10-12 years, since I bought my house, prices have literally doubled in some places. Good for me (and other owners who bought some years ago), but maybe not as good for newcomers. The interesting thing is that we are actually following the advices and building like crazy here. Mostly more expensive apartments, though.
It’s laughable! Smaller towns in Denmark have rent that is half or third of the cost and wages are more or less the same. Also, majority of the new apartments are built for couples so - too bad if you’re single!
@@07Flash11MRC immigration is OF COURSE part of the issue. Adding more people to a geographically small area will off course drive up prices.. Unless of course you consider yourself a "progressive" and make your own (factually wrong) rules of reality.
The realtor’s lobby is the second largest lobby in the US. They are largely responsible for a lot of the shenanigans going on in the American housing market.
Here in Spain the problem is worse because of tourism. In tourist cities, neighborhoods emptied because of the tourist apartments. Families with low incomes have to compete with richer tourists from other countries. The landlord earns more with 3 months of tourists renting than renting to poor people all year.
I work in hospitality, doing M&A for hotels. What is amazing are these resort towns where every home/apartment has been set up for AirBNB or is sold to some rich person who only lives there 1 month a year, and now labor is impossible to find there. So the businesses are importing labor from Nicaragua, Honduras, etc where they pay a temp agency to bring people in to essentially run the town and have 6-10 of them live in a single hotel room for 3 months at a time. A ski town in Idaho I just visited is almost entirely worked by people from abroad for the benefit of the rich. It is totally insane and backwards. And these f__king yuppies just say "well they are doing the jobs Americans are too lazy or entitled to so" - uh, NO, they can't freaking afford to live anywhere within a 2 hour drive away which wouldn't make sense considering you only want to pay them $10/hr and the gas alone would eat up that whole rate. It is exploitation pure and simple of everyone involved and should be illegal.
I’m a developer in the Midwestern United States and this resonates strongly. So many of these issues are true. And medium density housing has to be the future for us to survive. I build these 4-plex and 6-plex units that incorporate a 1100ft 3/2 floor plan because I can build them at a cost of $160k/unit and provide a nice place to live where rent is only 25% of my city’s median income. But you would not believe the amount of pushback I get from neighbors and city officials. “Why don’t you build us real houses” “People don’t want to live so close to each other” Because you damn Karen it’s not 1958 anymore, we don’t have unlimited resources, land and skilled trades people. Which is the other issue facing us if we’re to fix this mess- declining trades. I know 4 HVAC techs alone who all make over 3x the median income. It’s because there is not enough of them to go around. The average age of an HVAC tech is in their early 50s! And that’s most trades. People all talk about let’s build more housing and yet the past two generations have all taken on debt to go to college to get a boring desk job that pays shit for wages. Meanwhile there’s guys I know who will hire a kid out of high school and start him at $28/hr as an electrician and by the time the kid is 21 they are making 6-figures. Edit: LMAO @16:13 My sister literally lives in Clinton MO, that’s some funny shit. Can confirm there is not a lot going on there.
Funny you say that about electricians, I’ve got a friend who dropped out a semester after me here in Kansas. He’ll be making 20+ an hour here in a a few months
Hey Jordan, I think the number 1 reason people don't want to live near each other is noise. We've all had that neighbor from hell. Is there anyway to soundproof an apartment. I mean you could drop a bowling ball and it wouldn't be heard. The real question is there a market for it.
Yes the lack of skilled tradespeople is a very real problem. In the past year I have talked with 4 men who owned companies , 2 plumbing companies and 2 carpentry businesses. All 4 of these men wanted to retire, have a good business they just need someone younger to take over, and for all of them; they could not find anyone younger, who was skilled enough to take over their businesses! Any young person now, should seriously consider going into any trade. In a country where going to college is lauded as "the be all end all", we have all these educated people who cant find a job, while Hvac and carpentry just doesnt happen anymore.
@@primesspct2 The problem with that in the US is public schooling hardly ever does trade courses anymore. Finding an actual trade school is seen as a last resort or a laymans path because there's a persistent systemic push for college. Which honestly amounts to little more than a debt trap for many people. And that's not even mentioning the fact that not a single public school pays attention to the students interests. I'm sure MORE than a few kids would love to skip one of their courses to learn a practical trade. But because they're constantly bogged down by generic standardized busywork they don't have the time or interest to take on even more unpaid work. Yeah, I said it. School is an unpaid internship, change my mind.
@@justsomeguy1671 From what I understand, American homes are built with much weaker walls compared to houses in Europe which block out much more noise.
I live in Los Angeles and wanted to share my two cents. The level of day to day degradation that residents endure is beyond the scope of imagination for people who don't live here. Every day you have to steel yourself when passing the homeless and downtrodden because having basic empathy will destroy you after you see it enough. That's not even counting the horrible suffering of those who are forced to live on the street. The NIMBY's here have a cold logic. After seeing their assets take a hit in 2008, homeowners are bent on preventing any development that will jeopardize the value of their home. After all, the plan is to one day sell the home like a stock or crypto asset and convert it into that Cape Cod home or overpriced Westchester or Seattle house they've been eyeballing. You are forced to drive across row after row of one story buildings. I'm thinking of leaving (much like others in the state) but I just wanted to confirm that a lot of the messages conveyed in this video are accurate. So much of the malaise here in the United States on the Right and Left come from a sense that the poor do not own their own lives. The basic dignity of a stable unit to call your own is central to human happiness. When you take that away, you convert your society into a tinder box.
Well in defense of the NIMBYs, most of them were there before it was LA. They were living in quiet little towns before LA rolled out to engulf everything. Heck I'm not that old and I remember when Burbank was a completely separate place. Now the city has rolled right over the place and is in the process of swallowing Simi Valley and Thousand Oaks.
I live in Texas and the homeless problem and residential burglaries are beyond comphrensible! I can’t believe how bad Texas has got. It’s always been stupid but atleast it was affordable
Democrats are not 'the Left'. They are in line with the economic interests of conservatives, which is why you see bipartisan NIMBYs. So long as we live under capitalism and neoliberalism, our government will not have consideration for the most vulnerable people in society.
@@Christopher_Gibbons NIMBYs were there before more people came in because they were slave owners or descendents of slave owners living on stolen land that was never returned to indigenous people whom NIMBYs ancestors committed genocide on.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
renowned for her proficiency and expertise in the financial market, ''Catherine Morrison Evans’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
“This parking lot is the hub of our community!” The things people think will come across as reasonable and justified coming out of their mouths can be astounding.
It's Fianna Fáil: I can say as someone who lives in Dublin that this is entirely unsurprising. BusConnects is an effort to rationalise the mess that is the city's bus network and desperately needed, and has been beset by NIMBYism like this. The same people who fret about this stuff are also the ones that turn a blind eye to listed buildings that are worth keeping being left to rot.
@@jambott5520 Nah, the best use is to either put a useful building on the plot that is isn't full of cars or replace it with a park. A multistorey car park is better than a regular car park, but only because it wastes less space.
@@talideon absolutely, and quite frankly if you are going to have a level of parking spaces, it should be beneath at least a story or two of working or living space, ideally with a rooftop courtyard or garden, I can’t believe that most buildings aren’t topped with outdoor living spaces, so much wasted real estate!
Houston actually has zoning, they just don't call it zoning. They have land usage limitations, mandatory setbacks, parking minimums, the works. It's just a little less restrictive than other cities.
I’m not sure about how it is now, but I’ve heard it described as being like the “Wild West” in the past. Like there was nothing stopping a developer from buying the land next to your house and building a strip club.
@@bushmg1061 That's not really true. In fact, single-family developments can even block small multifamily construction, never mind strip clubs. I'm sure there's exceptions, but for the most part it's zoning with extra steps. I wrote a longer reply, but I guess youtube thought it was spam because it included search terms to check out. Try City Beautiful's video about houston planning?
I submitted a design for a low-income medium-density housing development in Western Canada a couple years ago (open RFI). It was rejected, because I had too many units, which would affect resale value. ... I'm sorry, this was SPECIFICALLY FOR A LOW-INCOME DEVELOPMENT, WAS IT NOT?!?!
I’m sorry that happened to your plans. Always sucks when you work hard to design something with an extremely beneficial goal in mind and it is rejected.
Work on your design, make scale models to physically show it (3d printing, good ol' wood and glue, etc), parade it on reddit and other public forums. If the government won't listen to you, show everyone else and they'll be behind you next time. Dont let the bastards drag you down.
You have to realize, this entire crisis is intentional they specifically, explicitly, do not want serfs to have homes you know how those schizos were chirping about how "you'll live in the pod and eat the bugs"? yeah, they weren't schizos at all
Canada is a joke country. Many such cases, of people trying to improve the local economy and being told "no" by the government. It seems they see life as a zero-sum game.
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity.
If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Amanda Kathryn Sachs is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
My parents built their current house in 1991. My dad was 35 when he and the contractors he hired finished construction. I am 27 and I still live in that same house that he fully owns. Unless things change, I imagine this will be the only house I could ever own, as I currently can't afford to live anywhere else. I don't find it ideal, but it is much better than having no home. Either way, I agree that removing some of the dumb zoning restrictions in the US would be good.
Because your Pops is a boomer, a generation given socio-economic heaven on a silver platter by their Greatest generation parents and have left hell for generations to follow them as they took it all and still do till this day, they want it all baby as they race to be the richest corpse in the cemetery.
In SC ive seen some people build "party sheds" in the backyard. They run electricity and internet out to it and sometimes plumbing (but most if the time just a camping toilet) so that their adult kids can have some privacy. The HOA and the local govt isnt any wiser that there is actually someone habitating inthe backyard.
Nope. They cost money to build and hence will have worth. The value of anything with worth will change depending on supply and demand. This is common sense
@@jimjam6598 yes but a house is also a necessity. You need a house to live so having houses being really expensive shouldn't be considered and it's also bad for the economy.
@@jimjam6598 house and shelter are essentially the same thing. Homeless people do not have access to shelter because those shelters are shared between many of them, making those shelters "unsafe". Besides that a decent housing is a right and as you see for example in Hong Kong shit holes ain't decent.
saw a mattress on the floor in someone else’s home in a dublin suburb go for €1,000/month. the thought of having my own little place to live makes me want to cry because it’s a pipe dream. i’m nearly 26. i don’t want to live with my family any more. it makes me feel like a child. it’s why i play the sims 4 so much. you can live out wild fantasies, like living away from your parents as an adult and having enough disposable income after paying rent and utilities to pursue hobbies.
this made me realize I'll be the same way. I'm still in school, don't even have an income yet, but I see no feasible way for me to move out in the next five years at least. I'll be stuck here...
Not sure why people have this mentality of needing to move away from their parents' house at all costs. There's nothing wrong living as a family. If you feel like a child, then contribute to the rent and take on more responsibilities (Note: I am in no way justifying housing costs).
I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not a financial advice, but it may be wise to invest, as cash isn't ideal in this period.
Those who bought houses at a high price also have high wages, I already have enough to reimbourse my debt after 4 years in my house, dont count on me for foreclosure and to sell my house at lower price
One of the 50 people living in NZ here. Yeah, we have a housing problem that is always blamed on the ever elusive "foriegn investors." The government has done some weird things to try and solve the issue, the weirdest being selling government owned housing. Fortunately our current government is trying to get new houses built, but they have been a bit slow with that. Also, I can be a kiwi voice as long as you don't make me say deck.
My rent in Japan was £200 a month (city of Kochi). I had a wonderful life there that was great for the economy, spent loads of money on consumer goods, ate out, bought drinks. When I lived in London my rent was £600 a month for an icy room, and I didn't eat on Sundays.
I HOPE Britmonkey covers the on-PURPOSE Food-Waste mentioned in Second Thought's video 'Is Capitalism actually Efficient?!'. Its a total shocker, basically a Must-Watch for all Humans.
In Japan 👀☝️ I was on a trip and got a cut on my leg that needed to be sewn. The cost was only about 2000 yen 💴 but they gave me 50% off because they knew how broke American students are 🙈😭😭
The amount of times that I said " yeah duh" while watching this is astonishing. I feel like all of these things are such common sense, yet we can't get a popular consensus on it and it's very frustrating
We already have a consensus on it. The consensus is build more houses. The only people who are against this are landlords who think owning houses is a job (it isn't), nimbys who loudly protest against any and all change, and investment firms. So basically scum of the earth.
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
As someone who lives in a country (Jersey, Channel Islands) that is currently going through a housing crisis, this video really hits home. The average cost of a house is £634,000 and a family home costs £1,339,000. People earning an average wage are not even able to afford a mortgage for a 1-bedroom flat. The problem is getting worse so quickly, that the cost of housing is going up by £1,850 a week, meaning that you would need to be earning in the top 10 percental to even match the rising cost of housing (unless you are already loaded with generation wealth or are already on the property market). Even renting is becoming impossible with studio apartments being rented for £1,000 a month, with some landlords even renting out their garden sheds for £1,700 a month! And our government (most of who are themselves landlords) refuse to do anything about it, isn't saying that the crisis is not in fact a crisis, but instead a "challenge" that they are on the cusp of fixing, but they can only finish the job once they are re-elected (I wish this was hyperbole but it isn't).
Currency conversations for those who are interested- Average cost of a house: $800k / €750k Average cost of a family home: $1.7mil / €1.6mil Cost of housing increase per week: $2300 / €2750 Studio apartment monthly rent: $1250 / €1500 Monthly rent to live in a fucking garden shed: $2150 / €2000
Yes. I did try to rent a flat in London. Ended up paying over £650 per month to just rent a room in a 2 bed flat, sharing with 3 other flat mates. And this was 7 years ago. Utterly insane. I eventually came to my senses and moved up north to Cheshire, where I have the privilege of renting a 1 bedroom hovel with a microscopic bathroom for £450. Not ideal, but at least I now have a few quid left over each month!
Oh boy, that's a lot of cash for a very small flat. I'm living in a small German city near Münster. (20 min train drive) And I thought my flat where expensive, At a price tag of 950 € (heating, water, sewage fees, warm water, garbage collection and taxes included) for 102 m² (125,991 yd² or 4 double bed rooms) but your rent is completely bonkers. How much do you have to earn to not spend 50 - 60 % off your income for housing. It's completely insane!
For like around the 200 mark my nan is renting out a 3 bedroom terraced house and has been for 10 years now. I know it's a deprived area and the house was built back in the early 1900's but still....
@@derFleetadmiral I'm living in one of the most expensive towns in the UK and I'm having the inverse of your experience reading OP's comment. I cannot believe how cheap your rent is and blown away how much money we would all have each month if your rent levels were a thing in my area! Edit: to put things in context, you'd struggle to find a single bedroom flat at €950 pcm in my area. It might even prove impossible to find something self-contained at that price unless you got very lucky.
This video was amazing. In college i wrote a paper on this topic that included obesity correlations to the suburbs. I had to present the paper and i remember everyone looking at like i was an idiot for complaining about zoning codes, non-existant pedestrian infrastructure, and car centric cities. I wish more people would find out about this
Old habits die hard... We're so used to this infrastructure, that we don't even consider there is a better alternative. And since it's in America, we assume ours is the "right way" to do it.
Maybe they looked at you that way because you actually are an idiot? I despise people like the OP and others who think they have a right (indeed, many would say obligation) to tell others how, where, and under what circumstances they can live is decisively Unamerican. We LIKE our suburbs, we LIKE our single-family homes, and we like our backyards, and we're not giving 'em up.
But but but I live off welfare in a trailer park and don’t want the dang government 15 minute liberal takeover cities (but it’s okay for the gov to force children into poverty, because my religion says it’s okay)
My dad told me that when he first moved to Montreal, Canada in 2002, he was renting a bachelor's for barely 200$. Now, I'm renting a bachelor's for 750$ - and everyone says that I am lucky to have found something *so cheap.* What a time to be alive!
It's not just that more houses need to be built. Where I live, there's entire neighborhoods that are sitting empty because they were built in a low economy area and being sold/rented for 3 times the market value
Fair enough but the whole building more houses was only part of the solution. There was so much more information about The types of homes and housing tracks that are being developed which May not be efficient for a communities economy. One of the biggest key focuses was affordable housing so obviously the empty homes being rented or sold at 3 times their value is not what hes talking about
It should be illegal to own an empty property. You get permission to build a house and and if you build anything else you will get punished. An empty building no matter the shape, is not house without people living in there. If you build a house and ask too much for it and thus it stays empty then you should just lose the house. Property owners should be begging people to rent their property not the other way around.
@@sk8erbyern okay but like, what if you own a piece of land that you sometimes go out to to just like, chill out. Like a little piece of land in the middle of nowhere. Does someone need to fill that too? Because I don't think I'd want my private piece of paradise filled by a renter.
@@Professor_Sex that's got nothing to do with my proposal. You are talking about another type of land. In my country every piece of land has designated usage permits. You cannot build a multi-story apartment complex on a farmland for example. So if you want a place to chill then you need to buy a proper land for that. Countryside lands serve this kind of purpose. Houses in cities on the other hand, they have housing permits which means if you get a permit for an apartment complex but then try to build a villa for yourself then you are violating the law. This is already a common practice in most of the world. What I am proposing is an upgrade to the current law. If you have an empty apartment complex then the building itself is still not serving the designated use case: housing people. You either sell your real estate to people who are gonna live in it or the government gets your property rights from you. You promised to build houses but they are staying empty? This is not why we gave you that land.
@@sk8erbyern bully for you sir that sounds mighty reasonable, ah if we can only get people with their heads on right in government but alas we commonfolk have to bear the brunt of it all for who knows how long, i've actually given up on the thought of owning a house and i can only hope things will change.
"And what they did was they built enough affordable houses, and then they put the homeless people in them" I just want to acknowledge the extra long pause after that just to let it sink in. To solve their homeless problem, they built homes and put the people who dont have homes in those homes so they no longer didn't have a home. What a revolutionary solution XD
If they just gave them, and have no "buy in" whether its simply going through certain steps, like getting clean for an addict, going through employment training, etc... Giving something to someone without some buy in or effort on their part has limited success.
A few cities in California, Portland and Seattle have already tried that and the homeless don't want them because they require them to be clean from drugs and have a curfew.
@@at9871 Yeah I was about to say, you would need to couple providing homes with other rehabilitation services to make sure these people could support themselves and not just continue living like they were but now with a roof and walls.
@@lazerlightening it's weird the way the politicians feel about drugs, if instead of demanding they get clean BEFORE they be given a stable life they instead made them do rehab AFTER they get off the street, they'd be able to solve 2 problems at once, but because of the ridiculous stigma against those who are addicted to drugs they can't *possibly* allow a *smackhead* to live in a real property, because those people are scum and "deserve" to live on the streets if they cant get themselves clean...
it is really refreshing to hear people acknowledge, as he put it, "things that make life worth living." its nice when, even when talking about maximum efficiency, people still consider the little extras that, if looked at through the eyes of a machine, would seem unneccesary.
I can ONLY Speculate what would happen if we'd all Email/Tweet this video here as well as various Architecture-related and Issue-related and Simple-Solutions-suggesting videos by RUclipsrs Adam Something and Some-More-News to some big important People. But even if this isnt feasible or fails, it at least want to direct as many people to these Channels and to 'Second Thought' as possible, so i will repeatedly post this comment here, hoping the Good-Will is obvious enough for people to not call it 'Spam'. I hope you check out those i believe in: Hbomberguy, Illuminaughtii and those i mentioned truly wanna tackle Issues and i hope you use their combined Might to inform yourself and Others.
@@loturzelrestaurant Adam Something has been wrong about everything that isn't just shitting on low hanging fruit like Elon Musk's grifts or vanity-projects in middle east oil nations. You've been ensnared in the breadtuber bubble and fail to see that they're just the next generation of internet skeptics: A bunch of nobodies with no expertise in the areas they talk about, whose only merit is that they think about things. They won't change anything because their solutions are simplistic, unrealistic or flat out don't work.
As someone who has lived my whole life in California and absolutely loves my state, I agree with everything in this video. It is prohibitively complicated and expensive to build housing in this state. I hate the NIMBY folks. The good news is that we have passed a ton of recent laws to make new housing easier to build, but this is just the start and will take years to make a meaningful impact on the California cost of living crisis.
CT is trying similar stuff but all wrong - they are trying to force density via state law it’s horrid. If California has something similar I side with the NIMBYs
The laws passed are great but unfortunately, not enough action is being taken. look up your local area's RHNA! overall permitting actually has fallen, and by 2029 we need millions more units built :( policies are progress but slow acting, we also need short term solutions to help residents.
its thanks to californias high taxes and being a Democrat run hell hole. Flordia Texas and Oklahoma all have housing booms right now with most homes being less than 30 years old.
The amount of research and effort that goes into just one of these videos is genuinely incredible. This man publishes a whole scientific paper with each and every upload. Keep it up!
Very ironic to call population decline a problem while saying that not enough houses per person is also a problem. Sure, they are, but one literally solves the other
@@aceman0000099 He claims in this video that the shortage and unaffordability of houses and a decline in average births of most developed nations are both real problems, hence why the latter is a part and the former is the video topic itself. To elaborate, he also claims, in Hong Kong, that the decline of births is at least partially due to the expensiveness of property (1sq meter being 2,700 USD). So to decrease the cost of living would in turn raise the birthrate (BritMonkey provides more examples to prove this). Yes, he calls both birthrate - I assume that is what you meant by "population decline" - and not enough housing problems. It is important, however, to note that the cost of the houses is a major factor as well. By stating, "Sure, they are, but one literally solves the other" are you claiming that a higher population will fix the ever-increasing cost of living? I do agree, though, that building more houses would indeed help with the declining birthrate for the reasons I previously mentioned. Apologies if I misrepresented or misunderstood what you said.
Very well done! I work in the "planning" department of a rural county in Arizona. This completely fits here. Everyone in the department beats their head on their desks about our irrational zoning that was adopted in the 1980's. We work around it as best we can but the consensus is it needs to be scraped. It's only function is to gives NIMBY's a way to restrict construction for newcomers.
I live in AZ too. I've come to believe that what's needed is--building off of Arizona's history of using preemption--a complete nuking of the current housing/zoning status quo by establishing a statewide framework for zoning that ensures housing affordability and takes some power away from the local governments, who have demonstrated that they can't be trusted with it.
Honestly, I'm working a job I dont like for money that I can't even buy a house with, working just feels like work so I dont end up homeless, rip to any plans of retiring or feeling financially secure when most of it is lost to rent and essentials. Affordable housing (the way my grandparents had it) would make me feel way more motivated and secure about the future, just need a morale boost lmao, and of course affordable housing! I feel like the takes in this video is something everyone can universally agree on. And please be more nerdy, this is a video I will share to everyone I know and think about for a long time.
You’re certainly not alone, but unfortunately there are a large majority that would watch this video and still think it’s “communist propaganda” or whatever else ignorant Americans are saying.
@@dukedub Perfect Supplement (if not in all honesty a bit of a 'Correction') to this video here: "How Racism And Greed Prevent Us From Solving Problems - SOME MORE NEWS"
We no longer have a mortgage, my husband is retired and wants to travel to Thailand. We don’t splurge, but inflation has hit hard, and I want to relocate while DCA-ing into his TTSA, which is less than $400k. I'm cautious with rising costs and have discouraged the idea due to current insecurities.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
In Northern Virginia, a house just sold for $800,000 that had a mother and child illegally living in the basement. It was bought with cash in less than a week.
Why is it illegal for a mother and child to live in a basement, when it would be legal for the landlord to have his grandmother and child living in the basement? Regulations like these are not evidence that landlords are evil. They are evidence that the government is evil.
I live in cali, and the whole joke about "Go on google maps, place yourself in central LA, and see how long it takes to find a homeless tent" is funny, but also, very real. I live across the street from a homeless encampment that stretches for 4 blocks, and onto a highway. I remember that it was such a prominent issue, that the first time I went out of the state, I was bewildered at how there were no homeless encampments cutting off entire roads by taking up both sidewalks.
The thing is, this used to just be a California issue and it makes sense. California attracts a lot of homeless people because it is warm, they have a lot of support systems in place, plus people falling into homelessness because of the high cost of living. However, when you go into downtown Pittsburgh and see homeless people sleeping in doorways of often vacant or under construction buildings, when you see small cities like Harrisburg dealing with a homeless crisis and having to frequently move homeless people out of encampments, that is when you know things are REALLY bad.
I drove to downtown LA for field trip college assignment, and holy shit, you couldn't believe the contrast. Right when I left the downtown full of skyscrapers is a homeless ghetto village where sum black kid can throw rock at you for no reason.
It’s not just “build more houses” it’s “build houses at the right price.” Where I’m at there are plenty of new houses that don’t sell because they’re needlessly large and expensive, so half of them are scooped up by companies to rent.
Homeless service centers in the USA exist because Reagan defunded so many affordable housing programs and other social safety nets. There are second and third generation families all experiencing homelessness where I work. I feel that funding our center is important but a sign that other programs are not being adequately funded. It's such a broken system.
I’ve been saying for a while that Reagan single-handedly doomed the United States and would be the worst President in history if it weren’t for Andrew Jackson being Hitler level evil.
He also defunded a large portion of the mental health systems in the US and a fuckton of people who were just unable to take care of themselves and find employment and housing ended up on the streets.
@@finncatwillhelm2457 I guess you've never seen One Flew Over the Cuckoo's Nest. Mental health institutions locked people up against their will, used ineffective treatment methods, and cost more than double what prisons or homeless services cost (which is also absurdly high) That was literally 42 years ago, how many people do you think were put on the streets are still alive today? Weak ass argument.
There is genuine demand for suburbs and rural areas for alot of people, but thats usually for 30 year olds that are settled already. Apartments are great for young people who still starting off in life. But nah. Funnel the money towards boomers ig
@@ligametis yeah, except mixed use in Europe is still way quieter than most US suburbs in my experience... regardless the point is that the free market should decide but no, in the US horrid zoning laws prohibit that.
This was really eye opening and profound. It really does show the prominence of the housing crisis as an issue and explains how it links to a variety of other issues we have in today's society. I like also how you give us case studies real world examples of countries getting it both right and wrong. Please make more like this it was generally very educational and entertaining.
This was really eye opening and profound. It really does show the prominence of the housing crisis as an issue and explains how it links to a variety of other issues we have in today's society. I like also how you give us case studies real world examples of countries getting it both right and wrong. Please make more like this it was generally very educational and entertaining.
You need to understand that the median voter is a homeowner. To the homeowner, the "meaningless shit" is real issues, because they don't need to worry about housing. In fact, they *want* the housing crisis to get worse, because it makes them richer. And of course politicians want to listen to the majority of their voters rather than the minority, especially when that majority is more likely to donate and vote.
i just wanted to share that when my cousin and her husband decided to purchase a block on land, it literally took them 3 YEARS to gain all the correct clearances to START building their home, due to all these ridiculous laws and regulations. Then, due to more issues with the council, it took them another 3 YEARS to finish building their home (which, may i add, was a completely different style and look that they wanted because of heritage laws ?????). I think I should also mention that because of lockdowns, they only started properly living on the land they bought SEVEN years prior, a year ago. Safe to say everyone involved was thoroughly pissed off.
sorry for the late reply but no, Australia@@curious_O_o
2 года назад+317
I am gonna add a bit to your Denmark-angle: I am Danish myself, and I'm currently experiencing much of the same lack of affordable home that I see elsewhere. Denmark is by no means a utopia, and prices pr. square meter are rising fast, while the only new buildings are way overpriced for lower income people like myself. Unless I move in somewhere pitifully small, share with someone else (both detrimental to my mental health), or move to another part of the country where I have no network or opportunities (also detrimental to my health). EDIT: Before I see the "Then why don't you just move to that other part of the country, get a fresh start?"-argument: Let me clarify; Those parts are literally on the other side of the country. I have NO network there, and even fewer opportunities, since the reason there are housing there is because those areas are destitute and offer few prospects for health, job and hobbies. All of this is just skirting around the fact that; this region is my home, I was born and raised here, and I've always felt a bond to this place. Now rent have gone so bad that I'm lucky if I'll live here 5 years from now. Since I have health issues, I'm not likely to earn more than I already do, so I'm stuck with this income. But yeah, all the poor and ill people could always move together in some destitute area. Not like anything bad has ever come from that...
In the US most people already have to get a roommate, move to sketchy apartment complexes, trailer parks, or out of state. Your other option is moving to a rural area in with no job opportunities and hours away from a decently sized city. Oh and homelessness. You can always end up homeless and go to california or florida, or go to california and florida and end up homeless.
Jeg undrede mig over om suburbs virkelig var så fucked indtil han cuttede til hollands bygninger der ligner vores egene. For the internernations: I'm Danish too, but I actually like it here.
As a Finn I agree. We also suffer from all of the above. Even though we also have a great education system and this does not yet solve this problem either. Also we have alot of empty houses like he mentioned in the video and this goes hand in hand with the aging population and urbanisation. Year after year the state gets ever more indebted. But all us nordic people can atleast agree that it could be alot worse, if we were born in the USA instead.
I feel like you should've mentioned why homeowners in the US care so much about their house value, because for many middle class Americans the higher the value of their home is the better their financial future will be. My parents were able to sell their current house and buy another one in a cheaper area with cash thanks to the sky high housing market in our area, thereby securing their retirement for the future with no mortgage to pay. I feel incredibly blessed, but sometimes I wonder if my parents success with the housing market is destroying younger people's ability to buy a home and build much needed wealth for their futures. I also wonder if homeowners would still care as much about home values if policies like universal healthcare, better funded social security, and quality public housing for seniors were implemented.
Given how he showed the housing issues were caused in many places (refer to Parts 9 and 10) by government policy and incompetence, I think the last thing we want is more government. We need government to stop supporting ridiculous things like monopolies in healthcare and reform to an actual free-market system.
@@CarterHancock Why not implement the system proposed in part 3? Where government AND private developments competed with each other to keep prices down while giving the people more choices.
This was literally on my local town ballot last Tues. in my upper class Boston neighborhood where the median income is $111K & I just (luckily) moved to one of the 2 public housing apartment buildings w/ my family. There's an org of rich locals that doesn't want any new housing, public especially, who campaigned like crazy & won. It sucks that this is the word we live in. We need to help more people have a home in a nice area w/ good schools.
Brookline town meeting? I voted in it for more pro-housing, equity driven candidates, and much to my chagrin the turnout was still 19%, an all time low. It’s status quo all over.
As a New Zealander, I completely agree with your case study. Our politicians fill us with empty promises about how they'll fix the housing crisis, then they fall short of the goals set and blame it on the immigrants.
New Zealand has a fertility rate of 1.6 children meaning that without immigration the population would be falling or would eventually fall. It is not the "fault" of immigrants, but of the New Zealand government who bring in more people than they can house.
Immigrants aren't to blame, yes, but in times of scarcity they're just more people competing with natives for a shrinking pool of resources and any sensible government would take steps to slow that process down until the situation is normalized.
I can't imagine all the effort that went into this video. Honestly, it's up there with some of the greatest video essays I've watched in a long time... Quite engaging, and this has brought an issue so far-gone in the media's narrow-minded peripheral to the general contention. So thank you, truly.
I HOPE Britmonkey covers the on-PURPOSE Food-Waste mentioned in Second Thought's video 'Is Capitalism actually Efficient?!'. Its a total shocker, basically a Must-Watch for all Humans.
Correction, it’s not build more houses, it’s build more homes. Intensification is key, we can’t afford to be building more standalone houses, we should be more focused on apartments and the like.
@@Fedacking well first off I don’t rent food and gas, I don’t have to return them when I’m done with them 🤣 but more to the point, I’ll just say that, like housing, food is a basic human necessity and therefore should not be used to generate profits. I haven’t properly run the numbers, but I’m pretty sure if we shrank our military a bit and stopped using it to meddle in other countries’ politics, the government could easily subsidize our farming and feed the nation without needing to budge our taxes.
@@TheCrazyCapMaster If you want people to "stop generating profits" that means the state just nationalizing it, not subsidizing it. Subsidizing just means fatter profits for farmers. And usually collectivization of land has gone real bad. And that still doesn't fix all of the food that is imported, as most countries are either net food importers or have critical imports. Honestly, I don't give a shit if people make profits or not as long as everyone has access to the minimum for a comfortable life. The mechanism doesn't really matter to me, and if a subsidized for profit market works the best, let's do that.
THIS IS SO TRUE. My rent just got jacked up +50% In Denver, CO. At first I thought of capping the max rent laws and regulations, but ended up down the rabbit hole of wondering why my rent was jacked up so high, leading me to this video where housing, especially affordable housing, is the magic key. Just a mile from my apt, they are building luxury detached homes, and they are starting in the $600,000s range. The rent for a 1 bedroom, is reaching the $2,000/mo. STUDIOS, aka sleep in a coffin starts at $1,800. So they are building houses nearby, but they are the 5+ bedrooms kinds with exorbitant prices. My family paid $250,000 for a plot of land in a suburb, and they sold it 2 years ago for $650,000. This shit is so fucked up, no wonder why we are on the edge of a social class civil war. My parents peat down on Millennials for being lazy, when they are just gentrifying the whole city, increasing the homelessness BECAUSE rent is skyrocketing. What a time to be alive... At least we don't have to deal with the black death amirite???
I'm down with black death, after it all ended society was much better and had all chances to grow, the shit we're going through can only be fixed but will not result in growth but damage control. IF SOLVED AT ALL
I live close to Denver as well and it's mind boggling how bad things have gotten. Even after living for 6 years here making a very decent salary, I still can't afford to buy a home and now I'm considering moving back with my parents to have a chance to save up for a home someday in another state.
A bit off topic, but as a previous resident there, the housing crisis in Hong Kong is a systematic problem, which is arguably a much greater challenge than just rewriting legislation like in the US or UK. Johnny Harris when he was still at Vox did a great video on it so I won't go into too much detail here, but basically high house prices are a desirable and calculated outcome so the government can sell land at a high price as an alternative revenue source to taxes. I won't be surprised if there are other countries' governments that have the same perverse incentive to keep house prices high.
This is why most people I know, including myself, who could and weren't in super good jobs left around 2014. Everything just skyrocketed and a few local businesses had to shut... such a shame
Happy to see that Argentina has been put amongst the "good guys" because I, as an argentine, recognize that my country has a lot of potential, tons of smart people and creativity, but 2 of our bigest problems are corruption and unwillingness.
I hope the corruption gets out of your country soon, dood. I know, utopian dream, but having at least one good place free of that problem would be heartwarming.
Generally I'm really not interested in politics (bad i know), but this really made me want to interact with my lawmakers more. The only problem: not a single party seems to address this problem in any meaningful way. I absolutely hate it. Thank you for making this great video
The potentially good news is that a lot of this is a local issue and your voice holds way more weight on the local level. The presidential candidates may not care, but I bet there's a YMBY politician running for your local city council.
The problem is the voters. Old people vote, old people tend to own houses. Building more houses reduces property values, meaning the value of their seats goes down. They won't vote for that.
This was literally JUST on my local town ballot last Tues. One group wanted more housing, especially public, the other, funded by rich locals didn't, & won more seats. It _is_ being discussed, but at the local level, where no one pays attention. The election had hardly any turn out, so it was easy for the better funded side to win, keeping this area w/ no new lower income housing.
What dyou mean :0? Im native American and I live in California, so sorry ☝️👀 I thought your country actually had pretty nice/affordable housing in general. What's wrong ? Tell me please ☝️👀
@@kamilareeder1493 We got too many exchange students in the Netherlands, because of our amazing education system or something. Causing dutch students and the foreign students to just not have enough. Also due to climate rules we can't build more houses because of SO4 in the atmosphere. It's basically 2 problems making each other bigger.
This is an incredibly important and insightful video. The wealthy collecting houses like they are pieces of fine art is literally bringing about the collapse of society before our eyes. The message needs to get out - build more homes, and build them better.
nah my friend, this is socialism, this is evil. USSR literally solved this issue in the 70s, building cheap housing for 140 million people with pretty much no homeless. But hey remember, USSR is bad, Russia is bad, socialism is bad. Keep paying 370 dollars a week for a shoebox and enjoy capitalism. And keep being like this dude who is like "China and Russia are our enemies". Your enemies are rich people who will throw you into WW3 to make some money from selling guns. And the nuclear war will happen, with limited tactical nuclear strikes.
@@jakobwachter5181 Just building houses isn't a solution, there needs to be a structure/system/laws that will make sure new houses go to those who need them, otherwise we're just creating more things for the wealthy to collect.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia”, because I adore her methods. You can make research and find out more.
As someone from Houston I wouldn’t exactly give our city credit for building more houses because of the lack of zoning laws - if anything we actually have pseudo zoning laws that encourage urban sprawl, car dependency, lack of public transport, and single-family house building. If you look outside of our inner loop surrounding the downtown core it’s a rare to find any sort of medium dense housing, and most housing within the inner loop is crazy expensive relative to the rest of the city which further contributes to car dependent urban sprawl
@@luisandrade2254 when it takes you 20 min drive to get from your house to nearest grocery, 30 min to nearest community activity, or 45 min to work- yes suburban sprawl and single family housing sucks. There is nothing good about the area where you cannot ride a bike, walk to a friend, get morning coffee, go for a run, play with your neighbor, hang out in the bar, take an evening walk. This construction type feeds owners ego for feeling rich, but it looks ugly, it promotes obesity and food insecurity the same time, contributes to loneliness and isolation of the youth, early decline of the elderly, it makes parents spend 3 hr alone in car instead of playing with their kids, it kills small businesses because of restricting zoning laws, and big businesses because workplaces are inaccessible to workers. Literally no one living in suburbia benefits from the suburbia, it may makes owners feel wealthy and secure, it looks American- but that is it. In principle it is not the bad housing type in itself, it can be done well and human friendly, but the way it is currently executed in northern American cities- it sucks. And before you say anything- I live in suburbia, I can't imagine how the f people can spend their whole life in this boxes surrounded by lawns in the center of the food desert and surrounded by stroads.
@@luisandrade2254 Being dependent on a car to do anything or go anywhere. You might want to rewatch the part of the video on health outcomes due to sprawl.
This video is your magnum opus, dude. I haven't seen such a well researched and well thought out video essay ever before in my life. I can't believe I'm watching this for free!
Fun-Fact: If you like this Channel, Chances are you will appreciate Some More News, Sci Man Dan and Knowing-Better. I mean, they all tackle Problems, cover Issues, dont shy-away from Stuff.
@@RainytheNB Nah, thats just you being judgemental. In Reality, these videos have entertained Millions. Sure, you can PRETEND they are mean-spirited and all the fans who loved it are 'just toxiccc', but that remains you head-canon that you use to dismiss People who literally Strangers to you.
@@loturzelrestaurant I watched the videos adn they were boring and mean spirited. And yes, I do believe the people who watch those videos are know it alls and very toxic.
“[NIMBYs claim that development] will ruin the neighbour’s character.” That was the point when I literally yelled out loud “THERE’S NO CHARACTER IN A FUCKING AMERICAN SUBURB.”
the only character i ever saw in a suburb was wandering the streets at midnight, a soft orange glow from gently humming street poles illuminating our path as my best friend and I lit many a joint and discussed everything from philosophy to physics. the only character being our own, as we learned more with each passing night how soulless and unaware everything around us truly was.
@@owfan4134 This Topic was also '''covered''' by Illuminaughti as well as Some More News. But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought". I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
@@owfan4134 I can ONLY speculate what would happen if we'd all Email/Tweet this video here as well as various Architecture-related and Issue-related and Simple-Solutions-suggesting videos by RUclipsrs Adam Something and Some-More-News tto some big important People. But even if this isnt feasible or fails, it at least want to direct as many people to these Channels and to 'Second Thought' as possible, so i will repeatedly post this comment here, hoping the Good-Will is obvious enough for people to not call it 'Spam'. I hope you check out those i believe in: Hbomberguy, Illuminaughtii and those i mentioned truly wanna tackle Issues and i hope you use their combined Might to inform yourself and Others.
You’re exactly right. I’ve been arguing this point for nearly a decade. Housing inflation is at the core of the political disgruntlement in America today.
@@maplenook Wow wonder if having a population more readily able to take on work, and secure in their finances so as to secure fair treatment could perhaps help the economy? I can't possibly imagine how that could occur.
As a fully young adult, im still stuck at home, as i cannot possibly afford to live on my own due to even apartments in my area and where i want to work costing nearly 1k a month. A Month. I have medicine, bills, loans, so much stuff i need to spend money on that i possibly cannot afford outside of my parents house. Guess what, id be homeless if i went to leave. I fully expect the total collapse of current countries and political systems within the next 30 years. If anything, id be all for revolution.
Same, but I'm stuck in a "family friend's" basement who's honestly a terrible landlord. Nice person, crap landlord. We can't afford to move and we're paying so much in rent that we're barely saving so.... The only hope we have is that my grandfather dies and my grandmother allows us to live with her for a couple years and save until we get on our feet enough or the house crash happens and we can get our own place....
honestly nimbys are traitors, ban zoning, ban support for zoning (life without parole hard labor) and ban opposition to any private development that doesnt use eminent domain. People want to oppose new construction send in the tanks and seize their assets they are traitors
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
If any of the points in this video seem weak or bad, I probably agree. Stay tuned for a director's cut with bigger and better information, coming 2024...
ok gemini
Also at 27:19, why are Serbia, Hungary, Belarus, Ukraine, Moldova and Russia missing?
they arent western countries
@@SuhbanIo
@@DubyaBush Hungary isn't a western county? but australia is??
@@SuhbanIo The term western has more to do with colonial influences than geography
it’s absolutely mind blowing to me that there was a time where housing wasn’t considered an investment
Apart from that this guy have no idea what he is talking about. Everything is so blatantly absurd and factually wrong that I wonder how anyone can take anything seriously.
Do you know why the "golden age of capitalism" were allowed to own all of those stuff on a small wage? It was because they literally borrowed money at YOUR expense. They manipulated the market and money to give it to themselves. You now have to pay for that simply because at some point you need to pay the piper. You pay it through taxes, inflation, high prices and stagnant wages. This guy just happen to ignore just about EVERY SINGLE FACT there is only so he can make the most absurd claim.
No. Lower house prices will not mean the end of poverty, sickness, homelessness and people moving to mars. He is either just lying or telling you the world is flat because he do not know any better.
@@Cloud_Seeker not sure about that, since it was clear that things got worse when neoliberals decided to make houses an investment with asset appreciation.
@@ianhomerpura8937 Houses has always been a massive investment. This guy is just wrong about them being a commodity. He also is not actually looking into what happened in 2008. Housing was not the cause. The cause was that banks were allowed to gamble with other peoples money and lost it all. The banks were then bailed out by everyone in the future through higher taxes, lower wages, loss in oppertunties and inflation.
If you have a IQ of at least two digits you should be laughing at the idea that your pee pee will grow 5 more inches and world hunger will be solved if people just build more houses. This guy clearly do not understand the infrastructure behind a house. Building a house and the infrastructure around it so it can be built are not the same thing.
@@Cloud_Seeker you also seem to forget that those very same banks who crashed the economy are now also basically the same companies that own most foreclosed homes, most of which have been empty for years.
And yes, building the house and building other necessary infrastructure are different things, but in the end, it's the fault of people from all sides screwing up real bad.
@@ianhomerpura8937 I have not forgotten that. It is just irrelevant. The whole thing that caused the issues were that ANYONE no matter what was allowed to loan money and buy a home. You were a drug addict with no income and mountains of debt? No problem. Take a loan and buy a home. Not only does it make more houses to be built everyone makes money even if you don't pay back. You can then lend even more money because the value of a house can only increase forever.
That was the cause of the problem. Many people who can not afford a home took out massive loans as no one cared about the risk of them not paying them back. Most of those foreclosed homes should not have been owned by those people in the first place.
what a time to be a young adult
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Im pro-china
@@MarcoAntonio-xd1ej You're allowed to be wrong, that's allowed because *_AMERICA_* guarantees freedom of speech. Something you will *_NEVER_* find in China 🥱🥱 Winnie the Pooh will just crush you under tanks in Tienanmen Square.
Trying to convince politicians to enact any advise in this video is like trying to convince a mass murderer that killing is bad and it hurts people.
To be fair, mass murderers typically know what they're doing is bad, but they justify it.
This is why I fully expect to see a revolution in my lifetime and probably die in it.
@@cosmicllama6910 I truly hope not. Whatever is on the other side probably will be worse.
@@besomewheredosomething we don't have a choice. Look at the fall of Rome and the French Revolution.
With the politicians being in the pockets of real estate, it's not a matter of if but when.
@@cosmicllama6910 finally a noble cause to die for
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I located her through google, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
It's so strange to me how houses in the USA are treated as an "investment". But wait. If people buy homes and expect them to keep getting more expensive so they can make a big profit... houses eventually become so expensive only the wealthy can buy them. And that's exactly what is happening. We now have a massive problem where private companies are buying up houses in order to rent them, making it harder for people to BUY homes and forcing more of us to rent for life.
To make it worse, some companies are just buying housing and not renting them. It happens all the time in FL: 1/3rd of all LLC properties sit completely empty with no intention of being rentals, air bnbs, or even winter homes for snowbirds. They might sell the property off in a few years, but nobody lives in them in the meantime. Considering LLCs can own entire zip codes in FL, and they currently own nearly 50% of the residential real estate in FL, just adding those empty homes to the market could cause prices to collapse nearly overnight. (New Orleans saw something similar but with airbnbs during the pandemic. They had a 'housing shortage' that nearly vanished overnight when suddenly all the housing that was used for airbnbs went on sale during the travel shutdowns.)
Banks bailout tho 😕
@@AleiiJoan Most investment properties weren't bought with loans or mortgages. They were bought in full and in cash. (It's one of the reasons I keep telling people that if this crashes it's not going to look like the 2008 crash. There's actually very few mortgages involved at all.) Some of the smaller fish will probably be caught at the bank, but I'm not feeling especially sad for them. Most small time landlords don't enact the full scale abuse of the bigger ones more for lack of opportunity, than any unwillingness to be gross.
@@SkySong6161 damn bud what's up with small landlord hate? Do you really think that every person who owns more than a single home is the devil who wants to fuck with you and doesn't because they don't have the opportunity?
If you want to see where the housing crisis could go, look at China, where the housing crisis is 10x worse than in California. Could you imagine you have to pay >$1M for (technically the
University student in Vancouver here, my monthly rent split with three roommates is $866 each. That's 10k per year and I've lived here for three years now. There's nothing I want more than affordable housing. I have no family to go back to or ask for help, I'm really just suffering.
It is now my life mission to find a solution
What really alarms me about Canadian rental prices is 10-15 years ago these cities were much more affordable than comparable US cities. Now they are even more expensive.
holy... that's insanely high
I’m a university student in Nanaimo still living at home. I pay $600 in my share of the rent, but it totals to $1750 per month, and we don’t even have 1000 sqft. We also get no sun and are forbidden from putting anything useful on the tiny deck.
I have a similar situation, similar costs and even with minimal familial help (and I mean like, really minimal help from an enabler of a unsympathetic parent, which is basically just signing papers), I'm barely stable enough to go to school. I have to get a job or do work-study next semester to complete my degree.
"Our generation is going to be known for wanting to die and memes" that feel
This Topic was also '''covered''' by Illuminaughti as well as Some More News.
But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought".
I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
Wait, I thought millennials were already synonymous with depression.
Yeah- I definitely can relate to that.
I've been thinking of suicide lately and thought of what I'd miss. First thing I put down is memes
@@eatright909 Try Comedy-RUclipsrs and Science-RUclipsrs, to raise your Happyness.
Hbomberguy combined Both!!
I still remember having an argument with my dad when there was a move to build affordable housing near his house and he went to protest it. His argument was simply "protecting his land's value" and that affordable housing is ok, just not in his backyard. This mentality still baffles me, as it just exemplifies the fact that he, and many people in that neighborhood, can't simply be happy that they have nice homes to live in, but those homes have to also be investments that are never allowed to decrease in value.
Its difficult. On one hand, we have many more people that need housing. On the other hand, we have people like your dad that bought their house as an investment and doesn't want the FMV to go down with the new buildings.
It appears that a radical, new, mobile, self sustaining system structures are needed that are completely outside of the old model of building houses/apartments. This new concept would try to be the RESISTANCE to the UN, Mega Corporation, International Bank take over of the Planet. Sadly, much of this video promotes the Stack and Pack Agendas 2030 and Agendas 21 of the UN where the vision is to shove as many people as possible into tiny, cramped rooms where animal meat will be replaced by insect 'meat'. There is irony in this vid.
"It is not enough that I won, somebody else needs to lose."
Literally NIMBY
But you can completely see why he's against it near his property. its a totally logical set of steps. Perhaps developers should buy land in the the middle of nowhere and build a totally new community there. sell the houses cheap as there is no community or established jobs etc and wait for the service demands to mount up for a local economy.
why should people have their property in an area devalued by competition and have to live with construction traffic for 3 years? If you want cheap homes, build them over there -> take the demand for services with you too and create a new city on a hill.
Its two different entitled peoples expecting to win without opposition and as such, the incumbent will usually win (your father).
The standard boomer mentality, and a contributing factor to why we even have this problem. Should be renamed the "pay-it-backward" generation
The more I think about the fact that I can’t afford a house the more I just want to give up, everything sucks.
Right. Like dude, why even try tf
i've been feeling the same this week, and the new demographic crisis that will come back by 2050, why even bother?
You know what? The thing is, i know many in their mid thirties that got their home now, but its something they started building in their 20's. Sometimes even putting in work themselves.
In my regions the suburbs have a big garden and orchards, so they took some corner of their parents land and build the house there.
But buying land and paying for a 4 bedroom house is not on the table for our generation.
@@AK-Kessler0907 I think if I hadn't been disabled I may have been lucky enough to own a house, but I feel like I would now be falling behind on the mortgage.
@@GG_Pretty you act as if countries just hand out free citizenship or work visas. “Just move to another country, ITS SOOOO EASY”
Your opinion is garbage and ignorant, end of story.
No way, go even nerdier. This needs to be put out there. i noticed during the pandemic in britain they managed to home all the homeless and the city centre, for the first time id ever seen, was homeless free. So they can do it but they, for some F'ed up reason, choose not to as since all the lockdowns have ended, my city centre (Plymouth) is back to full of homeless again. Really sad to see.
Very surprised that there are no replies saying "why are there no replies?"
@@Waaz732 Why are there no replies?
It's an unfeasible solution long-term to do what they did during COVID. They booked hotels in mass during lockdown, not only is this incredibly expensive but hotels aren't as available outside lockdown. They didn't built anymore houses, they just paid a lot of money for services which wouldn't be used in a lockdown
Homelessness is a function of capitalism, it's a silent threat to keep you in line. If there weren't homeless people on the street, there wouldn't be that constant, low-key reminder of "you could end up like this if you don't toil harder, prole"
@@kapnclinton Homelessness also existed in the Soviet Union as the Soviet government prioritised heavy industries over consumer goods, coupled with the second world war, caused a shortage in housing. So is the Soviet Union exactly capitalist? Homelessness isn't a tactic used to "keep people in line", preferably capitalist countries would want everyone with a home as it increases their productivity, lowers crime and prevents a portion of their population from dying every year, instead it comes from mismanagement, incompetence and greed, which does not only exist within capitalism.
It’s so important to emphasize that it’s not just “build more houses” but rather “build more houses more densely with walkability and bikeability to everyday businesses”. Otherwise it solves nothing.
"Otherwise it solves nothing."
I disagree. Even a suboptimal policy of building more is better than building nothing.
Banning foreign real estate companies and Wall Street from buying up all homes and renting them out would make housing more affordable. There should also be a limit on the number of homes that can be owned by a single person.
@@seneca983 if we continue the housing practices of post ww2 boom, or of the lead up to 2008 we just end up back where we started
@@randommodnar7141 It's better than building nothing. That's all I wanted to say. I agree that density and walkability are good.
@@seneca983 better for the housing market yea probably, better for the environment absolutely not. Continuing that would be a fucking nightmare, adding gas on the fire. Also agree, walkability and increased density are great.
Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
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27:16 Yeh I'm a Dutch city council member: That type of three to five story apartment building you're showing people is almost never built new here anymore. To a degree that's because towns and cities prefer to facilitate high-income fully detached houses.... But the BIG, real, actual reason we aren't building low/midrise apartment buildings anymore is *because of NIMBY home owners fighting every attempt at doing so tooth and nail.* They do this to protect the value of their homes at the cost of _everyone else._
Yep, everywhere on the West Coast is like that in the USA. Housing needs to be codified as a right, circumventing home owners’ ability to infringe on housing supply for their own selfish purposes.
NIMBY is keeping shelters for the houseless from happening for the same reason you describe apartments not being built. We treat our unhoused here as though they are criminals instead of human beings unable to afford the unaffordable. Do the Dutch treat the unhoused this way? I believe americans do it out of fear, because they're not far from ending up on the street themselves.
There's need to be a law to criminalize these kind of people, you don't keep this guy, just like you don't keep a stupid populist grew bigger.
@@BluetheRaccoon ABSOLUTELY agree!!!! It is sickening and people have a certain mindset even about the word "homeless", it is "THE homeless" like they are a group of people instead of a very real and palpable social condition. We as a country need to come to terms with our very real fear of housing instability before we can address this problem correctly.
Dont forget about the "emissions" bs when it comes to building houses... the ammount of crap from our country in 2020 has left me permanently mentally disfigured and now i require atleast 50hours of sleep a day to sustain my sanity...
Can they like instead, maybe- excempt "de bouw" from emission goals please?
Im paying about 1K a month for a single room with a shower
I want to just say that: In Japan, Housing is REPLACED, not resold at a very very high rate. You see, people do not want to live in homes that have been used before, for the most part, unless they hold historical significance. I can't quite remember the reasoning for it: but it's entangled with the evolution of certain cultural values and ideas. So,, houses are not resold very often, and when they are they hold almost no investment value: which creates a totally different market value (which is really so cool): since houses do not retain value for resale. This fact also explains the number of houses being built: since new couples are far more likely to fund the construction of a new property, rather than buy a "used" home. There are a few documentaries on RUclips about it. If people are interested I can find some links
I think it’s cuz of one of the tenets of Shintoism (the dominant religion there) where you don’t place much importance on material things since nothing lasts forever. But yea if I recall correctly I think like on average buildings last 30 years or so before they’re demolished and rebuilt
I didn't know it was spiritual, thought it had something to do with earthquakes
@@koobyn 🤣 natural disasters are definitely the biggest factor but I was just saying their culture also has some effect too
@@koobyn No it is spiritual but also technological issues. In Japan some of the building pads are very small. When you have real estate that small you cant just work around design flaws. Every inch, or in Japans case cm, count.
When I lived there you had separate sinks and toilets. But the room for the extra basin took up a lot of footage. So they started putting wash basins on top of the toilet so you got a double use. The grey water from washing your hands now gets used twice. In most places thats not even considered, but in Japan where a significant portion of fresh water is created from salt water, which is energy demanding it matters.
Some structures are torn down due to safety concerns, but those are very few and far between.
If you dont mind dropping the links that would be class
I’m a student in a huge college town and you don’t know how much it pains me to see a constant stream of new “Luxury Apartments” going up in a town that’s made up of students who can’t afford anything over $800/month. The zoning laws are painful to watch when they’re being followed.
I really wish they'd take lessons from South Korea and Japan.
I mean, the apartments are really small, but they're cheap.
800 a month won't even get you a small bedroom in Vancouver bc. That's all that I can afford too. I'm fitting to be homeless here
theyre not even real luxury housing, they're 5 over 1s made with wood construction techniques that are way cheaper than concrete/metal/glass luxury towers (and transmit noise to your neighbours etc)
The one near me that got made recently (at the end of the train station) is charging 1.4k for 500 sq ft.
Our population is growing at 10x the rate that housing is being built, and even if you divided it down by 4 people to a house, that's obviously a terrible outcome
this !!!!
So other people cn't have something nice because you can't afford it? When you grow up someday you will want to live as you did as a student? What are they teaching you in college? Gender?
There is also a huge psychological aspect to the avalability of housing as it correlates to our sense of belonging, of deserving a place on the planet, which of course we all do. I believe housing is a human right, and it is criminal that now it's all about money, ie. helping rich people get richer.
Food and clothing Is a human right isn’t it? But you have to pay nothing is free. You don’t work you don’t eat. I just feel the prices are insane even for some working. Every work person should be able to afford a home
Unfortunately, nobody owes or deserves anything in reality. In ye old days, hyenas and baboons would chase you away from food, lions would try to take your life, and a bear would make your cave its home while you were out for a walk. The only difference with today is that, instead of a bear, there's a wholeass dragon.
@@Kelogotti now imagine food is absolutely unaffordable to you while the people exploiting you basically throw it away because it's too much for them. But hey, you don't pay you die.
There is literally a housing crisis at my college that perfectly encapsulates this video. There a literally studio apartments that $1500/month that my school expects *college students* to be able to pay.
College students loans or their parents to pay
That’s wild $1500 my house is $1200
In my area a single room in a shared house a 20 minute drive away from the small city where I live is $500 A WEEK!
Hey just work 40 hours a week while you study... After rent that leaves you with 100 for Everything else
I'm 38 living with my husband and we can barely afford a studio that is $1700/month. Plus the kicker is I had a car paid off and it just broke down so I have to buy a new car which is $500 a month and full coverage insurance. I have NO clue how people expect college students to pay this, I really feel for you 😢
As a wise women once said, "if you are homeless, just buy a house."
she should have said build a house, it would have been more accurate
@@potapotapotapotapotapota exactly build a house makes sense. How's a homeless person gonna buy a house? She's obviously not wise.
In My Home Country Anyone Can Build A House
I love it
And just how does a homeless person with no money buy a house?
Design like the Dutch, build like the Chinese, house like the Fins. If they can do it, we all can.
The CO2 emissions of concrete is a hit we'll have to take, but it will be offset with the great reduction of car use. I live in the Netherlands and all things mentioned in this video about it are not just true, but they create a fantastic living environment. I can't even drive a car, not because of a personal defect, but simply because I have no need to. I can get anywhere I want with my bike and by train.
A couple things to consider. Sand suitable for concrete is a limited resource that is increasingly environmentally destructive to ecosystems to mine. Sand mining offshore can also accelerate coastal erosion, reducing seaside land in combination with sea level rise, a double whammy. Also offset concrete carbon emissions from concrete means we'd need to actively sequester, not just reduce carbon emissions from another source.
@@krandaman1 yeah, the 40% of emissions caused by the building industry really knock the "build more houses" argument to the ground. As in, the solution is a bit more nuanced and complex, though that simple answer sure makes for an entertaining video.
Don't build houses like the Chinese. They are of really poor quality and are doomed to collapse in decades. Build them like Japanese where houses can withstand earthquakes.
@@ralz97 it seems like it just emphasises the need for more sustainable building materials, rather than destroying the argument for more housing.
@@flurble33 sadly, fast large scale sustainable building is an oxymoron. A change in pace of life and need for urbanisation are where we gotta start, as you do need flexibility in where you live which comes with different approaches to building. But also, there really isn't a one size fits all solution and any approach ought to be *holistic*, countries like mine (Bulgaria) ought to outright ban new buildings.
Of course, it's beyond just building more housing, but also about disincentivizing a whole host of predatory real estate and financial practices. Practices and imperatives that also pervade almost every other sector as well.
All I ever wanted as a kid was a home. As an adult I know it will never happen.
Like retirement
We are many like that.
Me too man, me too.
Crash incoming Save your money, buy Gold and wait
@frederickmuhlbauer9477 hahahahaha what do u think that money will be worth when the crash comes. Your statement is so stupid it's brain numbing to think that your solution for this poor guy is for him to buy gold and save hahahahhahahahahahahhahahahahaahah damn that's dumb
Empty houses are actually a strong indicator of the problem, not the lack thereof. Additionally, an empty house degrades quickly, and empty houses that sit on the market stay at high prices simply because they can due to a low market supply.
Not due to low supply, it's like the Dimond market, they have a decent supply they just horde the supply and act like it's rare and charge you a ridiculous amount for it
@@Name..........
That is not even accurate to the video lol. No one is hoarding them and expecting market price for a house you own is to be expected. I mean you bought it and you need to sell it at market price to even buy another home. There are other factors that can be expected too (not all houses are made the same).
Like for an investor: "What is the initial cash for the investment and what do I expect to make percent wise year after year?" If I'm an investor I should expect a hard minimum of 7 percent per year as that is the average in the stock market and requires much less work (and no minimal investment unlike real estate for the most part).
Example: If I purchased a house to rent for 200K then with a thirty percent down payment of 66k.
Lets calculate the minimum monthly cost for this home to break even on rent. A mortgage calculator on google gives that with the numbers stated above with the current interests rate it is $1,121. Upkeep costs need to be set aside which is 2% per year (1-4% per year of your home value) and that is $333. Another cost is tax which is another 2% (based on my area)
This totals to $1787 MINIMUM with NO return on investment. With a 7% A.P.R. which should realistically be a minimum for this investment that's another 385 dollars per month totaling $2172 for rent.
Damn I would not want to go through the process of renting a house for 7% A.P.R. (Granted the property appreciates but if that doesn’t happen your f***** anyway)
Rent price plays directly into the money people are willing to spend on a home as well.
Also a lot of the math above plays into land development and the general buying and selling of houses even for the average homeowner.
Markets are a MASSIVE field of research and to dumb it down as you did is incredibly stupid and misleading.
Note: Some of my math could be wrong and there are other factors as well. I HIGHLY encourage you to do your own research.
@@Name.......... If there weren't buyers ready, willing, and able to pay those prices you consider 'ridiculous', they would be vacant almost 100% of the time. You can't simply charge whatever you like and get people who literally don't even make as much as the rent is to magically pay it. Supply & Demand decide what the price is, not sellers or anyone else.
THANK YOU!! Companies like Blackrock and Vanguard have been buying up properties/realestate/houses with funny money printed hot off the presses and HOLDING those properties, they don't even WANT or PRETEND to be open to selling. The less real estate on the market, the more the prices go up. Artificially withholding the supply of housing is also creating an artificial housing crisis.
As @Name and @kevykevTPA discussed, the prices are ridiculous because those property holders are likely PRETENDING to be willing to sell, but in reality they set some insane price that no one can possibly afford to ensure the house is with-held from the market.
@@kevykevTPAExcept that you need housing like you need food or water. housing is a necessity so people will pay those stupid amounts like the Weimar Germans paid the stupid amounts for bread.
The housing price is artificially inflated by a multitude of factors.
Then again my solution is removing the main thing causing the issue. butchering Landlords entirely by limiting the amount of buildings one can hold with the specific zoning of housing. Aka 1 house/housing building per person but have as many commercial or industrial ones as ya like.
Just one thing: China's housing development boom is a _very poor_ example to use for why we should build homes -- they build not to make livable cities, but to store their wealth. Look up China's "ghost cities", there's at least one RUclips video on it.
A better example of proactive housing development is Singapore. They actually build apartments to have places for people to live in, not for amassing profit.
China's problems with overbuilding housing is real but greatly exaggerated. The consistant 5+% GDP growth a year for decades is in large part due to their willingness to do w whatever it takes to build housing. This is an astonishing rate of growth compared to similar periods in the Western world. Yes they have overbuilt at certain stages and yes other investments that are actually more valuable than housing have been squeezed out by excessive investment in housing. But China's excessive house building is at a far smaller scale and far less damaging than the Wests under building of housing. To make up fake numbers China might have lost a percent GDP to building too much housing but the US lost 3 by underbuilding.
Thanks for pointing that out - what Chinese people are going to do when they can't resell these "investments" is going to cataclysmically rock their economy. It's the single biggest weakness in their plan to become a world leader, and there are many other flaws in those plans. But at least they are trying, and it does have the side benefit of keeping a robust construction industry thriving in case they ever have more productive projects to work on, like the Three Gorges Dam, 245GW of nuclear plants, massive highway expansions, and helping other nations build when they need a project completed.
@@ccox4669 There are plenty of people who still need housing in China. China is still no where close to the point where everyone has thier own good quality apartment. Sure they might have overinvested in housing in the sense that there were more critical investments to make than making sure everyone had their own high quality apartment. But the idea that they built more housing than they will have people to live in is an exaggeration.
Virtually every city cited as a “Ghost city” by western media about 5 years ago is eventually filled & functions like a livable, regular city.
i am in the philippines and my blood boils from the unholy amount of speculative pastetowers
I've been homeless for the past 4 years, when I find this comment again in the future I hope I'll have my own home.
i hope u do too dude !
Youre a badass
I hope everything works out for you
your day will come :3
Man... I hope you're currently doing fine add things are going towards a good direction :)
The fact that me and my girlfriend at almost 30 can't afford to start a family and buy a house is frustrating as hell, these days if you don't have the milion in your pocket you are basically poor. And then they wander why less people makes children, how tf are you supposed to take care of it if your income is just enough to cover some bills and eat?!
I believe this is the whole master plan. Use zoning laws to limit new housing, making real estate skyrocket lining the pockets of the governments while reducing carbon footprint from reduced city size and population. It’s is pretty frustrating to say the least.
@@mylesgray3470 at this point we are fuc**ng each other behind the back, everybody it's getting greedier and profiting from others, just to get the ideea, before corona i was going to buy a piece of land to build a house, it was in a rural area and it was like 10 dollar per square meter, some days ago I found the same post but the price is 70 dollar now... Immagine my face
@@sdfggtfhhyy Dang.. That’s a whole other level! I’m kicking myself that I missed out on 50% appreciation in 2 years in Salt Lake. The run is over now. Rates are up, prices are topped out and headed lower already here.
I could imagine a situation soon enough where a million in your pocket is still "poor" in certain areas...
@@Ithirahad
Already is on the coasts
When even just renting a 1 bed apartment costs the equivalents of a month's paycheck.
Things are always headed downhill
Bed? Apartment? Month's paycheck?
Nah, more like:
Light switch, closet, France's yearly economic output.
what luxury we all live in, Harry Potter had to live under the stairs!
In California a studio is the price of a months wage
@crassgop lol what the fuck are you talking about??? So untrue. Most of our parents easily afforded their own places when they were young and it cost a small fraction of their pay
Yep!! I had to get a roommate and can’t afford to get a 1 bedroom apartment by myself
As a 20 year old student bathing in debt, being denied a place in a dorm due to "not participating in student events outside of academic work" and being fed promises by the russian government about getting a flat for 10 years (my father is a retired military officer) I can say, that for a lot of young people getting a home (not a house, just a flat) seems like a far away dream. I spend all the money I earn on renting a room and buying food, occasionally going out with friends. Thank god my family is supportive and always buys me clothes, medicine (btw, this shit is so expensive). But due to recent events (there's a lot of them lmao) the price of renting goes higher and higher meanwhile there's less and less job opportunities for young people without a college degree (there's a joke in Russia, that you need to get a university degree to work at mcdonalds and now that shit is closing in russia). I can only be thankful for my parents that I have a place to stay but my mother has to pay for her appartment for 15 more years to close a mortgage. Anyway, goodnight, thanks for cheering me up 2 in the morning )
I'm sorry to you. I know it's not even the citizens who knew that war was coming, but caught in the mix, and suffering in life as a result, as well.
What's happening in Ukraine is inhumane, unfathomable, and unacceptable . But when were the citizens of every Russian, nevermind the majority , ever autonomous?
Even most Americans arent, without realizing it. Most.
American govt seems to be "importing autocracy, instead of exporting democracy" , I heard an intellect on a podcast say recently. It is reniscent of your McDonald's comment . Similarly - our profiteering college industry - failed most of us - with 40% polled, advising "the degree was not worth the cost".
Sending my love - from the US.
P.S. both my parents are Slavic. I'm first generation. So I get it.
Это еще в России мало законов, ограничивающих строительство, иначе бы пришлось жить в машине, как многие американские студенты делают.
Just one small question though, if I may. May I?
move out of russia ma man that land has NO HOPE
You making learning a new language, getting enough capital, separating with your friends/lover/family, getting a job in the foreign country without citizenship good enough to pay for housing and other expenses sound so easy. I wonder why you didn't immigrate to a better country yourself.
Oh, maybe it's because you were BORN there and don't have to do anything other that watching youtube and telling people how to live in the comments?
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I've had the same thoughts this morning. The connection between low birth rates and housing affordability is so goddamn obvious, yet everyone is trying every other "solution", which never works.
sATAN HAS INFLUENCED OUR GOVERMENT!!! wE NEED TO RETURN TO CRISTIAN THEOCRACY AND CRISTIAN FAMILY (abuse) VALUES!!!! and so on, and so on...
Tell that to the Africans living in a one-room "house", birthrate average is over 5. It's obvious it's culture at play, the Europeans with the biggest houses produce 1 child average.
Don't forget the populists who use this discontent and Blanes it on the migrants (instead of the housing shortage and invester probleem)
+Marc Anton this is such a terrible comparison. Unlike people in urban poor-housing areas, your hypothetical African mother own their property, and thus can sustain more children. Also, the atomisation of Western society is a product of poor suburban housing. This atomisation is not seen in African cultures, which is based on extremely strong community connections, which lowers the burden of motherhood
@@elsiemabel Your imagination is leading you strange places. It's like in your world-view Africa doesn't have highly-dense areas of living. They are called cities and Africa has them too, but I'll take any bet the fertility rate even there is nowhere near something like 1.7 per woman which the west has. It's also to the level of fantasy to imagine owning a one-room shack helps you sustain more children. I will tell you the strong correlates with high fertility rate, conservatism, religiosity and low intelligence. Weak correlates? Being in a city.
I've known this for a couple years now, certain zoning laws literally make better housing ILLEGAL. Ridiculous.
It's sad😥
This Topic was also '''covered''' by Illuminaughti as well as Some More News.
But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought".
I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
NotJustBikes and Climate Town wants to talk to you
Blame zoning and government regulation
How exactly? Short version if you can.
Most voters in the US are homeowners and they won't vote for policies that will devalue their investments. This is a problem of shortsighted voters but mostly incentives. Nobody wants to be less wealthy. The young people need to vote more, especially in local elections, then maybe we can ask why the game is rigged against us.
My generation has been brainwashed that voting doesn’t do anything Smfh. But I cannot be silent anymore. We need to become a community again. We need to build more and we need to get rid of the laws that say apartment complexes can’t be built. There’s a lot to be fixed.
@@NicolletteR The biggest lie we've been told as Millennials and Zoomers is that we have no power. We must change the juridical order as to fit our needs. We must spend the government's budget on our agenda. We must pass judgement as per our convictions. We must shift the balance of power in our favor. Taking to the ballots is not enough.
Most of us Westerners in the Americas and Europe live in democratic republics, so we must become candidates. Older Millennials spent their youths waiting for candidates that truly represented their will to come along, and they never came. Now we must become the candidates we want to see, and vote for ourselves. Then, and only then, will our fortune change for the better.
@@NicolletteR But they *don't.*
Maybe at some point they did, but that was multiple generations past. The only votes that truly carry enough power to mean anything are the votes the businesses cast. That's who becomes President, the person big corpo is elbow deep in.
Imagine thinking you can vote your way out of this. Voting is fake. It's just a cover to lend legitimacy to a corrupt internationalist oligarchy.
@@gnomefrompinkertonwith your vote, you can kick them out of power if they don't do anything
When houses that sold for 300k a decade ago to families are selling for 1.2 mil now with no changes to investors who don’t live there, you know that something is wrong with the world and the market
And the decade before they were 80K. And the decade before that they were 50K.
Might want to learn how inflation and gdp growth works...
@@ccdsds3221 it’s not due to inflation or gdp growth, it’s due to forced scarcity
@@WoddCar scarcity is pushed by inflation...
@@WoddCar Money printing too, especially the USA with the dollar
You forgot to mention one thing when it comes to Denmark - we have a law called bopælspligt!
It basically means that someone must live in a house/apartment that you own for at least 6 months of the year, it can be you or someone else.
If you can't fulfill that duty, you're forced put your house/apartment up for sale.
Of course, said specifics of the law can be altered as needed.
It can be 4 months or 8 months of the year, and instead of being forced to put the house up for sale, it can be higher property taxes.
There's also the fact that you can apply for exceptions, if you work overseas for example.
This law is generally good, as it forces landlords to actually rent out houses/apartments that they own, instead of just leaving them empty for their whole lifetime.
It also forces landlords to actually put rent at the actual market value, because if your prices are too high so that nobody wants to rent from you, this law still applies.
Housing prices in the US, where we obviously don’t have that law, are regulated by landlords going bankrupt if they rent for too high of a price. Unfortunately, there’s not really enough housing which drives prices up of course.
I think it’s cool that two different methods (try to?) solve the problem in different ways.
It also helps Denmark is having a lower people density than countries like the Netherlands. Still, this is a very good idea from which I hope it will be implemented here too some day. Here the overregulated real estate market of municipal social housing corporations, subsidized mortgages, regulated anti-squat living spaces, a difference between living homes and holiday homes that doesn't make sense, artificial urban, rural areas and Natura2000 national parks is completely broken. The proposed solution now is simply providing homes only to people living in town. This means people can't move to other towns and cities to get affordable housing.
@@saddlepiggy nah they are regulated by stupid laws(see R1 zoning=
UK could do with a law where empty properties are seized by the state for social housing.
That is a problem you know. I think every person should be at least entitled to at least 100 sq yards, it can be in a building. Say a couple get into a fight, we do not want one of them to be homeless or be in rent-slavery.
When I was in college my teacher showed my class all the properties in the local area and one of them was a literal cupboard under the stairs for £800 a month. He told us this is what we had to look forward too
Your a wizard harry
@@turtleanton6539 Ima ima ima ima ima ima ima ima ima ima ima ima wot?
Wage slave: "This has been a hard day/week/month. I've been surviving on instant noodles for almost a week. Finally my payment is here!"
Landlord: "My payment is here!"
ONLY £800?! Is the offer still available?
@@amultitudeofpeppers938 least broke millennial
It's so blatantly obvious that it almost feels like it's being done on purpose to keep the masses struggling to enough of a degree to be too weary to do anything about it
Yeah this whole system made to force you feel hopeless and think you can do nothing about it
It *is* intentionally done by those in power. They don't hide it.
That's because that's what they are doing
That’s exactly what they’re doing. The evidence is directly in our faces.
Class society bro
Moved to Finland to do my conscription service from Canada. I’m 23 and 3-5 years older than most of the guys/girls in my company and literally every single one of them lives on their own and has moved out. It’s such a contrast moving from Canada where everyone is locked in with their parents cause rents are +3k in the GTA.
Grand Theft Auto??? 😂😂😂😂😂😂
@@theminecraft_gamersxx2815i presume it's greater Toronto area lol
Must be nice
@@K3end0he's obviously 12
The rents in Finland are bad too. Must be even worse elsewhere
Currently a one bedroom apartment in Copenhagen, Denmark costs about 2/3 of a starting salary. It is now perfectly normal to have roommates something that was basically not a thing twenty years ago.
Yes; Copenhagen is slowly going the route of London. Very sad.
And even in Århus (the second-largest city in Denmark, where I live), prices are going upwards. In just the 10-12 years, since I bought my house, prices have literally doubled in some places. Good for me (and other owners who bought some years ago), but maybe not as good for newcomers.
The interesting thing is that we are actually following the advices and building like crazy here. Mostly more expensive apartments, though.
Adding more people will fix that
It’s laughable! Smaller towns in Denmark have rent that is half or third of the cost and wages are more or less the same. Also, majority of the new apartments are built for couples so - too bad if you’re single!
@@tinootnoot2725 "Adding more people will fix that": Are you seriously trying to spin this into a migration issue?
@@07Flash11MRC immigration is OF COURSE part of the issue. Adding more people to a geographically small area will off course drive up prices.. Unless of course you consider yourself a "progressive" and make your own (factually wrong) rules of reality.
The realtor’s lobby is the second largest lobby in the US. They are largely responsible for a lot of the shenanigans going on in the American housing market.
That's what happens when you make lobbying aka bribery legal.
what's the largest
Here in Spain the problem is worse because of tourism. In tourist cities, neighborhoods emptied because of the tourist apartments. Families with low incomes have to compete with richer tourists from other countries. The landlord earns more with 3 months of tourists renting than renting to poor people all year.
Same here in Croatia. Can’t get proper apartment in Split because they are only for rent from October to April.
Same in Montana. Rich elites from California love coming here
Same in Kelowna, BC, Canada
I work in hospitality, doing M&A for hotels. What is amazing are these resort towns where every home/apartment has been set up for AirBNB or is sold to some rich person who only lives there 1 month a year, and now labor is impossible to find there. So the businesses are importing labor from Nicaragua, Honduras, etc where they pay a temp agency to bring people in to essentially run the town and have 6-10 of them live in a single hotel room for 3 months at a time. A ski town in Idaho I just visited is almost entirely worked by people from abroad for the benefit of the rich. It is totally insane and backwards. And these f__king yuppies just say "well they are doing the jobs Americans are too lazy or entitled to so" - uh, NO, they can't freaking afford to live anywhere within a 2 hour drive away which wouldn't make sense considering you only want to pay them $10/hr and the gas alone would eat up that whole rate. It is exploitation pure and simple of everyone involved and should be illegal.
But there are plenty of areas in Spain that are desperate for new people. This is the problem, people just want to live in the popular hotspots.
I’m a developer in the Midwestern United States and this resonates strongly. So many of these issues are true. And medium density housing has to be the future for us to survive. I build these 4-plex and 6-plex units that incorporate a 1100ft 3/2 floor plan because I can build them at a cost of $160k/unit and provide a nice place to live where rent is only 25% of my city’s median income. But you would not believe the amount of pushback I get from neighbors and city officials. “Why don’t you build us real houses” “People don’t want to live so close to each other” Because you damn Karen it’s not 1958 anymore, we don’t have unlimited resources, land and skilled trades people. Which is the other issue facing us if we’re to fix this mess- declining trades. I know 4 HVAC techs alone who all make over 3x the median income. It’s because there is not enough of them to go around. The average age of an HVAC tech is in their early 50s! And that’s most trades. People all talk about let’s build more housing and yet the past two generations have all taken on debt to go to college to get a boring desk job that pays shit for wages. Meanwhile there’s guys I know who will hire a kid out of high school and start him at $28/hr as an electrician and by the time the kid is 21 they are making 6-figures.
Edit: LMAO @16:13 My sister literally lives in Clinton MO, that’s some funny shit. Can confirm there is not a lot going on there.
Funny you say that about electricians, I’ve got a friend who dropped out a semester after me here in Kansas. He’ll be making 20+ an hour here in a a few months
Hey Jordan, I think the number 1 reason people don't want to live near each other is noise.
We've all had that neighbor from hell.
Is there anyway to soundproof an apartment. I mean you could drop a bowling ball and it wouldn't be heard.
The real question is there a market for it.
Yes the lack of skilled tradespeople is a very real problem. In the past year I have talked with 4 men who owned companies , 2 plumbing companies and 2 carpentry businesses. All 4 of these men wanted to retire, have a good business they just need someone younger to take over, and for all of them; they could not find anyone younger, who was skilled enough to take over their businesses! Any young person now, should seriously consider going into any trade. In a country where going to college is lauded as "the be all end all", we have all these educated people who cant find a job, while Hvac and carpentry just doesnt happen anymore.
@@primesspct2 The problem with that in the US is public schooling hardly ever does trade courses anymore. Finding an actual trade school is seen as a last resort or a laymans path because there's a persistent systemic push for college. Which honestly amounts to little more than a debt trap for many people.
And that's not even mentioning the fact that not a single public school pays attention to the students interests. I'm sure MORE than a few kids would love to skip one of their courses to learn a practical trade. But because they're constantly bogged down by generic standardized busywork they don't have the time or interest to take on even more unpaid work.
Yeah, I said it. School is an unpaid internship, change my mind.
@@justsomeguy1671 From what I understand, American homes are built with much weaker walls compared to houses in Europe which block out much more noise.
I live in Los Angeles and wanted to share my two cents. The level of day to day degradation that residents endure is beyond the scope of imagination for people who don't live here. Every day you have to steel yourself when passing the homeless and downtrodden because having basic empathy will destroy you after you see it enough. That's not even counting the horrible suffering of those who are forced to live on the street. The NIMBY's here have a cold logic. After seeing their assets take a hit in 2008, homeowners are bent on preventing any development that will jeopardize the value of their home. After all, the plan is to one day sell the home like a stock or crypto asset and convert it into that Cape Cod home or overpriced Westchester or Seattle house they've been eyeballing. You are forced to drive across row after row of one story buildings. I'm thinking of leaving (much like others in the state) but I just wanted to confirm that a lot of the messages conveyed in this video are accurate. So much of the malaise here in the United States on the Right and Left come from a sense that the poor do not own their own lives. The basic dignity of a stable unit to call your own is central to human happiness. When you take that away, you convert your society into a tinder box.
Well in defense of the NIMBYs, most of them were there before it was LA. They were living in quiet little towns before LA rolled out to engulf everything. Heck I'm not that old and I remember when Burbank was a completely separate place. Now the city has rolled right over the place and is in the process of swallowing Simi Valley and Thousand Oaks.
I live in Texas and the homeless problem and residential burglaries are beyond comphrensible! I can’t believe how bad Texas has got. It’s always been stupid but atleast it was affordable
Democrats are not 'the Left'. They are in line with the economic interests of conservatives, which is why you see bipartisan NIMBYs. So long as we live under capitalism and neoliberalism, our government will not have consideration for the most vulnerable people in society.
@@Christopher_Gibbons NIMBYs were there before more people came in because they were slave owners or descendents of slave owners living on stolen land that was never returned to indigenous people whom NIMBYs ancestors committed genocide on.
@@grady7420 I highly doubt any of them are that old. I'm talking about 20-30 years ago
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
renowned for her proficiency and expertise in the financial market, ''Catherine Morrison Evans’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
“This parking lot is the hub of our community!”
The things people think will come across as reasonable and justified coming out of their mouths can be astounding.
The best use for a parking lot is to tear most of it down and build a multi story parking lot. The next best use is as a field for solar panels.
It's Fianna Fáil: I can say as someone who lives in Dublin that this is entirely unsurprising. BusConnects is an effort to rationalise the mess that is the city's bus network and desperately needed, and has been beset by NIMBYism like this. The same people who fret about this stuff are also the ones that turn a blind eye to listed buildings that are worth keeping being left to rot.
@@jambott5520 Nah, the best use is to either put a useful building on the plot that is isn't full of cars or replace it with a park. A multistorey car park is better than a regular car park, but only because it wastes less space.
@@talideon absolutely, and quite frankly if you are going to have a level of parking spaces, it should be beneath at least a story or two of working or living space, ideally with a rooftop courtyard or garden, I can’t believe that most buildings aren’t topped with outdoor living spaces, so much wasted real estate!
@@benjaminstevens4468 are you kidding me? I wouldn't want to tive on top of a car park lmao
Houston actually has zoning, they just don't call it zoning. They have land usage limitations, mandatory setbacks, parking minimums, the works.
It's just a little less restrictive than other cities.
I’m not sure about how it is now, but I’ve heard it described as being like the “Wild West” in the past. Like there was nothing stopping a developer from buying the land next to your house and building a strip club.
@@bushmg1061 That's not really true. In fact, single-family developments can even block small multifamily construction, never mind strip clubs. I'm sure there's exceptions, but for the most part it's zoning with extra steps.
I wrote a longer reply, but I guess youtube thought it was spam because it included search terms to check out.
Try City Beautiful's video about houston planning?
@@NonsenseFabricator I just know people who lived in Houston 40 years ago and that’s how they described it, that’s all
@@bushmg1061 I ask around: Isnt Seond Thoughts coverage of the Housing Crisis
and Workerclass-Struggles interesting? What do you think about it?
You can put a refinery around someone's house.
I submitted a design for a low-income medium-density housing development in Western Canada a couple years ago (open RFI).
It was rejected, because I had too many units, which would affect resale value.
... I'm sorry, this was SPECIFICALLY FOR A LOW-INCOME DEVELOPMENT, WAS IT NOT?!?!
I’m sorry that happened to your plans. Always sucks when you work hard to design something with an extremely beneficial goal in mind and it is rejected.
Work on your design, make scale models to physically show it (3d printing, good ol' wood and glue, etc), parade it on reddit and other public forums. If the government won't listen to you, show everyone else and they'll be behind you next time. Dont let the bastards drag you down.
lol XD
You have to realize, this entire crisis is intentional
they specifically, explicitly, do not want serfs to have homes
you know how those schizos were chirping about how "you'll live in the pod and eat the bugs"?
yeah, they weren't schizos at all
Canada is a joke country. Many such cases, of people trying to improve the local economy and being told "no" by the government. It seems they see life as a zero-sum game.
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity.
If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I have seen a lot about FAs and actually want to consult some pro. How did you go about it? Is yours any good?
Amanda Kathryn Sachs is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
My parents built their current house in 1991. My dad was 35 when he and the contractors he hired finished construction. I am 27 and I still live in that same house that he fully owns. Unless things change, I imagine this will be the only house I could ever own, as I currently can't afford to live anywhere else. I don't find it ideal, but it is much better than having no home. Either way, I agree that removing some of the dumb zoning restrictions in the US would be good.
Because your Pops is a boomer, a generation given socio-economic heaven on a silver platter by their Greatest generation parents and have left hell for generations to follow them as they took it all and still do till this day, they want it all baby as they race to be the richest corpse in the cemetery.
In SC ive seen some people build "party sheds" in the backyard. They run electricity and internet out to it and sometimes plumbing (but most if the time just a camping toilet) so that their adult kids can have some privacy. The HOA and the local govt isnt any wiser that there is actually someone habitating inthe backyard.
What do you do for work??
@@synchronicity458 software engineer
@@CocoHutzpah at least you have a home, most people rent as prices go up.
A house should be thought of as a place to live, not as an investment or a retirement plan... as a commodity.
Nope. They cost money to build and hence will have worth. The value of anything with worth will change depending on supply and demand. This is common sense
@@jimjam6598 yes but a house is also a necessity. You need a house to live so having houses being really expensive shouldn't be considered and it's also bad for the economy.
@@ivanmunoz9055 no a house is not a necessity. Shelter is. And those who are desperate enough have access to free or cheap shelter
@@jimjam6598 house and shelter are essentially the same thing. Homeless people do not have access to shelter because those shelters are shared between many of them, making those shelters "unsafe". Besides that a decent housing is a right and as you see for example in Hong Kong shit holes ain't decent.
@@jimjam6598 Housing is a necessity
saw a mattress on the floor in someone else’s home in a dublin suburb go for €1,000/month. the thought of having my own little place to live makes me want to cry because it’s a pipe dream. i’m nearly 26. i don’t want to live with my family any more. it makes me feel like a child.
it’s why i play the sims 4 so much. you can live out wild fantasies, like living away from your parents as an adult and having enough disposable income after paying rent and utilities to pursue hobbies.
Best of luck to you both. I hope you succeed. @@ChioCharmwily
God this is so relatable. Replace sims with stardew valley and we’re living the same life
Same :( it's absurd
this made me realize I'll be the same way. I'm still in school, don't even have an income yet, but I see no feasible way for me to move out in the next five years at least. I'll be stuck here...
Not sure why people have this mentality of needing to move away from their parents' house at all costs. There's nothing wrong living as a family. If you feel like a child, then contribute to the rent and take on more responsibilities (Note: I am in no way justifying housing costs).
I anticipate a housing market downturn due to the numerous individuals who purchased homes above the asking price, even with favorable interest rates. Despite the low rates, many are now at risk because they lack equity. If housing prices continue to decline, they may face difficulties selling or even risk foreclosure if they can no longer afford the property. This scenario is likely to impact a substantial number of people, particularly with the anticipated surge in layoffs and the rapid increase in the cost of living.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not a financial advice, but it may be wise to invest, as cash isn't ideal in this period.
*THIS IS A SCAM*
*THIS IS A SCAM*
*THIS IS A SCAM*
*THIS IS A SCAM*
@@RichConnerGMNbot talking to a bot
Stonks 🥴
Scam for sure, no brainer.
Those who bought houses at a high price also have high wages, I already have enough to reimbourse my debt after 4 years in my house, dont count on me for foreclosure and to sell my house at lower price
One of the 50 people living in NZ here. Yeah, we have a housing problem that is always blamed on the ever elusive "foriegn investors." The government has done some weird things to try and solve the issue, the weirdest being selling government owned housing. Fortunately our current government is trying to get new houses built, but they have been a bit slow with that.
Also, I can be a kiwi voice as long as you don't make me say deck.
Love how presumably left wing people would rather go straight up xenophobic before dropping their vice grip on single family zoning law
You can't take be the kiwi voice if I take it first!
I want to move to NZ, elect someone that builds good infrastructure before I get there please because my country isn’t
I envy you for having Jacinda, coolest mp in the world rn
@@seriousbees You aren't serious at all.
My rent in Japan was £200 a month (city of Kochi). I had a wonderful life there that was great for the economy, spent loads of money on consumer goods, ate out, bought drinks. When I lived in London my rent was £600 a month for an icy room, and I didn't eat on Sundays.
I HOPE Britmonkey covers the
on-PURPOSE Food-Waste mentioned in Second Thought's video 'Is Capitalism actually
Efficient?!'. Its a total shocker, basically a Must-Watch for all Humans.
Time to start learning japanese
In Japan 👀☝️ I was on a trip and got a cut on my leg that needed to be sewn. The cost was only about 2000 yen 💴 but they gave me 50% off because they knew how broke American students are 🙈😭😭
@Gothic Doritos Domo arigato Mr. Roboto.
The amount of times that I said " yeah duh" while watching this is astonishing. I feel like all of these things are such common sense, yet we can't get a popular consensus on it and it's very frustrating
We already have a consensus on it. The consensus is build more houses. The only people who are against this are landlords who think owning houses is a job (it isn't), nimbys who loudly protest against any and all change, and investment firms. So basically scum of the earth.
It is the popular consensus. We just have 0 say in how are government works.
@@BilboBaggManare? Really?
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
it’s a personal decision, but Forbes says housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
Certain Ai companies are rumored to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend one?
She's “ Sonya Lee Mitchell''. I choose to delegate my excesses to her because of her expertise. I suggest you look her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
As someone who lives in a country (Jersey, Channel Islands) that is currently going through a housing crisis, this video really hits home. The average cost of a house is £634,000 and a family home costs £1,339,000. People earning an average wage are not even able to afford a mortgage for a 1-bedroom flat. The problem is getting worse so quickly, that the cost of housing is going up by £1,850 a week, meaning that you would need to be earning in the top 10 percental to even match the rising cost of housing (unless you are already loaded with generation wealth or are already on the property market). Even renting is becoming impossible with studio apartments being rented for £1,000 a month, with some landlords even renting out their garden sheds for £1,700 a month!
And our government (most of who are themselves landlords) refuse to do anything about it, isn't saying that the crisis is not in fact a crisis, but instead a "challenge" that they are on the cusp of fixing, but they can only finish the job once they are re-elected (I wish this was hyperbole but it isn't).
Currency conversations for those who are interested-
Average cost of a house: $800k / €750k
Average cost of a family home: $1.7mil / €1.6mil
Cost of housing increase per week: $2300 / €2750
Studio apartment monthly rent: $1250 / €1500
Monthly rent to live in a fucking garden shed: $2150 / €2000
S o m o v e ? ? ? ? ?
Just save up, LOL!
(Sorry, I couldn't resist)
@@alalala132whyisthishandletaken no :) why should they have to leave their home
@@asheiou
He has a polish name so I assume moving around continously is normal for him
Yes. I did try to rent a flat in London. Ended up paying over £650 per month to just rent a room in a 2 bed flat, sharing with 3 other flat mates. And this was 7 years ago. Utterly insane. I eventually came to my senses and moved up north to Cheshire, where I have the privilege of renting a 1 bedroom hovel with a microscopic bathroom for £450. Not ideal, but at least I now have a few quid left over each month!
Oh boy, that's a lot of cash for a very small flat. I'm living in a small German city near Münster. (20 min train drive) And I thought my flat where expensive, At a price tag of 950 € (heating, water, sewage fees, warm water, garbage collection and taxes included) for 102 m² (125,991 yd² or 4 double bed rooms) but your rent is completely bonkers. How much do you have to earn to not spend 50 - 60 % off your income for housing. It's completely insane!
For like around the 200 mark my nan is renting out a 3 bedroom terraced house and has been for 10 years now.
I know it's a deprived area and the house was built back in the early 1900's but still....
@@davidty2006 i have to ask, is 200 marks a lot in Bosnia or is it cheap?
@@derFleetadmiral I'm living in one of the most expensive towns in the UK and I'm having the inverse of your experience reading OP's comment. I cannot believe how cheap your rent is and blown away how much money we would all have each month if your rent levels were a thing in my area!
Edit: to put things in context, you'd struggle to find a single bedroom flat at €950 pcm in my area. It might even prove impossible to find something self-contained at that price unless you got very lucky.
@@derFleetadmiral idk about bosnia im just going off GBP
This video was amazing. In college i wrote a paper on this topic that included obesity correlations to the suburbs. I had to present the paper and i remember everyone looking at like i was an idiot for complaining about zoning codes, non-existant pedestrian infrastructure, and car centric cities. I wish more people would find out about this
Old habits die hard... We're so used to this infrastructure, that we don't even consider there is a better alternative. And since it's in America, we assume ours is the "right way" to do it.
@@Hunter-gp7sr man i hate this country with a non-terroristic passion
Maybe they looked at you that way because you actually are an idiot? I despise people like the OP and others who think they have a right (indeed, many would say obligation) to tell others how, where, and under what circumstances they can live is decisively Unamerican. We LIKE our suburbs, we LIKE our single-family homes, and we like our backyards, and we're not giving 'em up.
But but but I live off welfare in a trailer park and don’t want the dang government 15 minute liberal takeover cities (but it’s okay for the gov to force children into poverty, because my religion says it’s okay)
My dad told me that when he first moved to Montreal, Canada in 2002, he was renting a bachelor's for barely 200$. Now, I'm renting a bachelor's for 750$ - and everyone says that I am lucky to have found something *so cheap.* What a time to be alive!
It's not just that more houses need to be built. Where I live, there's entire neighborhoods that are sitting empty because they were built in a low economy area and being sold/rented for 3 times the market value
Fair enough but the whole building more houses was only part of the solution. There was so much more information about The types of homes and housing tracks that are being developed which May not be efficient for a communities economy. One of the biggest key focuses was affordable housing so obviously the empty homes being rented or sold at 3 times their value is not what hes talking about
It should be illegal to own an empty property. You get permission to build a house and and if you build anything else you will get punished. An empty building no matter the shape, is not house without people living in there. If you build a house and ask too much for it and thus it stays empty then you should just lose the house. Property owners should be begging people to rent their property not the other way around.
@@sk8erbyern okay but like, what if you own a piece of land that you sometimes go out to to just like, chill out. Like a little piece of land in the middle of nowhere. Does someone need to fill that too? Because I don't think I'd want my private piece of paradise filled by a renter.
@@Professor_Sex that's got nothing to do with my proposal. You are talking about another type of land. In my country every piece of land has designated usage permits. You cannot build a multi-story apartment complex on a farmland for example. So if you want a place to chill then you need to buy a proper land for that. Countryside lands serve this kind of purpose.
Houses in cities on the other hand, they have housing permits which means if you get a permit for an apartment complex but then try to build a villa for yourself then you are violating the law. This is already a common practice in most of the world. What I am proposing is an upgrade to the current law. If you have an empty apartment complex then the building itself is still not serving the designated use case: housing people. You either sell your real estate to people who are gonna live in it or the government gets your property rights from you. You promised to build houses but they are staying empty? This is not why we gave you that land.
@@sk8erbyern bully for you sir that sounds mighty reasonable, ah if we can only get people with their heads on right in government but alas we commonfolk have to bear the brunt of it all for who knows how long, i've actually given up on the thought of owning a house and i can only hope things will change.
"And what they did was they built enough affordable houses, and then they put the homeless people in them"
I just want to acknowledge the extra long pause after that just to let it sink in. To solve their homeless problem, they built homes and put the people who dont have homes in those homes so they no longer didn't have a home.
What a revolutionary solution XD
If they just gave them, and have no "buy in" whether its simply going through certain steps, like getting clean for an addict, going through employment training, etc... Giving something to someone without some buy in or effort on their part has limited success.
tiggerbiggo - What a radical concept! LoL!
A few cities in California, Portland and Seattle have already tried that and the homeless don't want them because they require them to be clean from drugs and have a curfew.
@@at9871 Yeah I was about to say, you would need to couple providing homes with other rehabilitation services to make sure these people could support themselves and not just continue living like they were but now with a roof and walls.
@@lazerlightening it's weird the way the politicians feel about drugs, if instead of demanding they get clean BEFORE they be given a stable life they instead made them do rehab AFTER they get off the street, they'd be able to solve 2 problems at once, but because of the ridiculous stigma against those who are addicted to drugs they can't *possibly* allow a *smackhead* to live in a real property, because those people are scum and "deserve" to live on the streets if they cant get themselves clean...
it is really refreshing to hear people acknowledge, as he put it, "things that make life worth living." its nice when, even when talking about maximum efficiency, people still consider the little extras that, if looked at through the eyes of a machine, would seem unneccesary.
I can ONLY Speculate what would happen if
we'd all Email/Tweet this video here as well as various Architecture-related and Issue-related and Simple-Solutions-suggesting videos by RUclipsrs Adam Something and Some-More-News to some big important People.
But even if this isnt feasible or fails, it at least want to direct as many people to these Channels and to 'Second Thought' as possible, so i will repeatedly post this comment here, hoping the Good-Will is obvious enough for people to not call it 'Spam'.
I hope you check out those i believe in: Hbomberguy, Illuminaughtii and those i mentioned truly wanna tackle Issues and i hope you use their combined Might
to inform yourself and Others.
@@loturzelrestaurant Adam Something has been wrong about everything that isn't just shitting on low hanging fruit like Elon Musk's grifts or vanity-projects in middle east oil nations. You've been ensnared in the breadtuber bubble and fail to see that they're just the next generation of internet skeptics: A bunch of nobodies with no expertise in the areas they talk about, whose only merit is that they think about things. They won't change anything because their solutions are simplistic, unrealistic or flat out don't work.
Yes ☝️👀
but he's not a machine, he's a person. That's why he can see them.
not if the computer is smart enough
As someone who has lived my whole life in California and absolutely loves my state, I agree with everything in this video. It is prohibitively complicated and expensive to build housing in this state. I hate the NIMBY folks. The good news is that we have passed a ton of recent laws to make new housing easier to build, but this is just the start and will take years to make a meaningful impact on the California cost of living crisis.
It's hard to like California. It's full of so much red tape, homelessness, ideological pandering and lots of incompetence
live in california too and oh my... I absolutely love it here but it's hard to imagine things getting better
CT is trying similar stuff but all wrong - they are trying to force density via state law it’s horrid. If California has something similar I side with the NIMBYs
The laws passed are great but unfortunately, not enough action is being taken. look up your local area's RHNA! overall permitting actually has fallen, and by 2029 we need millions more units built :( policies are progress but slow acting, we also need short term solutions to help residents.
its thanks to californias high taxes and being a Democrat run hell hole. Flordia Texas and Oklahoma all have housing booms right now with most homes being less than 30 years old.
The amount of research and effort that goes into just one of these videos is genuinely incredible. This man publishes a whole scientific paper with each and every upload. Keep it up!
Very ironic to call population decline a problem while saying that not enough houses per person is also a problem. Sure, they are, but one literally solves the other
@@aceman0000099 He claims in this video that the shortage and unaffordability of houses and a decline in average births of most developed nations are both real problems, hence why the latter is a part and the former is the video topic itself. To elaborate, he also claims, in Hong Kong, that the decline of births is at least partially due to the expensiveness of property (1sq meter being 2,700 USD). So to decrease the cost of living would in turn raise the birthrate (BritMonkey provides more examples to prove this). Yes, he calls both birthrate - I assume that is what you meant by "population decline" - and not enough housing problems. It is important, however, to note that the cost of the houses is a major factor as well. By stating, "Sure, they are, but one literally solves the other" are you claiming that a higher population will fix the ever-increasing cost of living? I do agree, though, that building more houses would indeed help with the declining birthrate for the reasons I previously mentioned. Apologies if I misrepresented or misunderstood what you said.
I'm a little confused as to why this was posted as a reply to my comment.
@@cedwerd no, I'm saying that a declining population means the ratio of houses to people increases
@@ras1925 same
Very well done! I work in the "planning" department of a rural county in Arizona. This completely fits here. Everyone in the department beats their head on their desks about our irrational zoning that was adopted in the 1980's. We work around it as best we can but the consensus is it needs to be scraped. It's only function is to gives NIMBY's a way to restrict construction for newcomers.
Zoni here. Is your rural county filling up with californ!cators quickly? Mine is.
@@DavidBustamanteda-bu-sa watch 37:22 again and you won’t wonder why
@@TheChasedanger Are you a Californio?!
@@DavidBustamanteda-bu-sa no
I live in AZ too. I've come to believe that what's needed is--building off of Arizona's history of using preemption--a complete nuking of the current housing/zoning status quo by establishing a statewide framework for zoning that ensures housing affordability and takes some power away from the local governments, who have demonstrated that they can't be trusted with it.
Honestly, I'm working a job I dont like for money that I can't even buy a house with, working just feels like work so I dont end up homeless, rip to any plans of retiring or feeling financially secure when most of it is lost to rent and essentials.
Affordable housing (the way my grandparents had it) would make me feel way more motivated and secure about the future, just need a morale boost lmao, and of course affordable housing!
I feel like the takes in this video is something everyone can universally agree on.
And please be more nerdy, this is a video I will share to everyone I know and think about for a long time.
stay strong stranger, you're not alone in those feelings.
You’re certainly not alone, but unfortunately there are a large majority that would watch this video and still think it’s “communist propaganda” or whatever else ignorant Americans are saying.
@@dukedub Perfect Supplement (if not in all honesty a bit of a 'Correction')
to this video here: "How Racism And Greed Prevent Us From Solving Problems - SOME MORE NEWS"
Damn is so depressing to know so many of us are feeling the same even if we will never meet in real life.
when i realized this i just gave up. kinda freeing to just accept that poverty is for life
We no longer have a mortgage, my husband is retired and wants to travel to Thailand. We don’t splurge, but inflation has hit hard, and I want to relocate while DCA-ing into his TTSA, which is less than $400k. I'm cautious with rising costs and have discouraged the idea due to current insecurities.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Could you recommend your advisor? I'd appreciate some help.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jessica Lee Horst ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Dude just casually drop a 40 minutes video like nothing
You what?
@@jarvis911 I what?
Lol this is so true😆
I love twelve tone why do you think it’s lame?
@@OmegaThirty It's a satirical username
In Northern Virginia, a house just sold for $800,000 that had a mother and child illegally living in the basement. It was bought with cash in less than a week.
Why is it illegal for a mother and child to live in a basement, when it would be legal for the landlord to have his grandmother and child living in the basement? Regulations like these are not evidence that landlords are evil. They are evidence that the government is evil.
@@ihave3heads because they don't pay rent? They are illegal squatters.
Nova is fucking crazy, my family bought a home in the area for 400k in 2012, and they sold it for a little over 700k late last year!
@@ihave3heads More likely due to lack of safety with a lot of basement "apartments" (it's a huge issue in NYC)
@@LincolnLog for 800k I sure hope it does!
I live in cali, and the whole joke about "Go on google maps, place yourself in central LA, and see how long it takes to find a homeless tent" is funny, but also, very real.
I live across the street from a homeless encampment that stretches for 4 blocks, and onto a highway.
I remember that it was such a prominent issue, that the first time I went out of the state, I was bewildered at how there were no homeless encampments cutting off entire roads by taking up both sidewalks.
las casas de latam no tienen porque envidiar a las del primer mundo
The thing is, this used to just be a California issue and it makes sense. California attracts a lot of homeless people because it is warm, they have a lot of support systems in place, plus people falling into homelessness because of the high cost of living. However, when you go into downtown Pittsburgh and see homeless people sleeping in doorways of often vacant or under construction buildings, when you see small cities like Harrisburg dealing with a homeless crisis and having to frequently move homeless people out of encampments, that is when you know things are REALLY bad.
Oh my god, I tried that test, it was literally just a random location, and the first thing I saw was a park with tents, with piles of garbage.
I drove to downtown LA for field trip college assignment, and holy shit, you couldn't believe the contrast. Right when I left the downtown full of skyscrapers is a homeless ghetto village where sum black kid can throw rock at you for no reason.
We should bus them to Texas.
It’s not just “build more houses” it’s “build houses at the right price.”
Where I’m at there are plenty of new houses that don’t sell because they’re needlessly large and expensive, so half of them are scooped up by companies to rent.
Companies don't have infinite money. If it is a loss for individuals, it's a loss for the company too.
Homeless service centers in the USA exist because Reagan defunded so many affordable housing programs and other social safety nets. There are second and third generation families all experiencing homelessness where I work. I feel that funding our center is important but a sign that other programs are not being adequately funded. It's such a broken system.
Reagan has a lot to answer for, he was massively unintelligent and free of empathy.
You didn't really watch the video did you
I’ve been saying for a while that Reagan single-handedly doomed the United States and would be the worst President in history if it weren’t for Andrew Jackson being Hitler level evil.
He also defunded a large portion of the mental health systems in the US and a fuckton of people who were just unable to take care of themselves and find employment and housing ended up on the streets.
@@finncatwillhelm2457 I guess you've never seen One Flew Over the Cuckoo's Nest. Mental health institutions locked people up against their will, used ineffective treatment methods, and cost more than double what prisons or homeless services cost (which is also absurdly high) That was literally 42 years ago, how many people do you think were put on the streets are still alive today? Weak ass argument.
the lack of mixed used development in the U.S is a travesty in of itself, can't even walk down a street to the pub or grocery store.
There is genuine demand for suburbs and rural areas for alot of people, but thats usually for 30 year olds that are settled already.
Apartments are great for young people who still starting off in life.
But nah. Funnel the money towards boomers ig
@@honkhonk8009 adding mixused housing and density won’t ban suburbs 😂 god why are they like this
I personally hate mixed use, would hate to live in such area. It sucks that most of European cities are mixed use and quiet places are rare.
@@ligametis that’s fine, but policy should not deny people who do like mixed use housing (and need it) the opportunity to have it
@@ligametis yeah, except mixed use in Europe is still way quieter than most US suburbs in my experience... regardless the point is that the free market should decide but no, in the US horrid zoning laws prohibit that.
This was really eye opening and profound. It really does show the prominence of the housing crisis as an issue and explains how it links to a variety of other issues we have in today's society. I like also how you give us case studies real world examples of countries getting it both right and wrong. Please make more like this it was generally very educational and entertaining.
@buffalo wt thanks for the recommendation man. I'll check them out
This was really eye opening and profound. It really does show the prominence of the housing crisis as an issue and explains how it links to a variety of other issues we have in today's society. I like also how you give us case studies real world examples of countries getting it both right and wrong. Please make more like this it was generally very educational and entertaining.
I'm so fucking tired of all politicians arguing about meaningless shit and not giving a single fuck about real issues
You need to understand that the median voter is a homeowner. To the homeowner, the "meaningless shit" is real issues, because they don't need to worry about housing. In fact, they *want* the housing crisis to get worse, because it makes them richer. And of course politicians want to listen to the majority of their voters rather than the minority, especially when that majority is more likely to donate and vote.
i just wanted to share that when my cousin and her husband decided to purchase a block on land, it literally took them 3 YEARS to gain all the correct clearances to START building their home, due to all these ridiculous laws and regulations. Then, due to more issues with the council, it took them another 3 YEARS to finish building their home (which, may i add, was a completely different style and look that they wanted because of heritage laws ?????). I think I should also mention that because of lockdowns, they only started properly living on the land they bought SEVEN years prior, a year ago. Safe to say everyone involved was thoroughly pissed off.
Wow. UK?
Their own fault for not checking the zoning and building laws before buying the land
@@advocatingforautism8625 As in the case of UK, a lot of the decisions are made by the planner officer. It is a rule by man system, not rule by law.
@@advocatingforautism8625No, it's the government's fault for creating and enforcing these planning laws.
sorry for the late reply but no, Australia@@curious_O_o
I am gonna add a bit to your Denmark-angle: I am Danish myself, and I'm currently experiencing much of the same lack of affordable home that I see elsewhere. Denmark is by no means a utopia, and prices pr. square meter are rising fast, while the only new buildings are way overpriced for lower income people like myself. Unless I move in somewhere pitifully small, share with someone else (both detrimental to my mental health), or move to another part of the country where I have no network or opportunities (also detrimental to my health).
EDIT: Before I see the "Then why don't you just move to that other part of the country, get a fresh start?"-argument: Let me clarify; Those parts are literally on the other side of the country. I have NO network there, and even fewer opportunities, since the reason there are housing there is because those areas are destitute and offer few prospects for health, job and hobbies.
All of this is just skirting around the fact that; this region is my home, I was born and raised here, and I've always felt a bond to this place. Now rent have gone so bad that I'm lucky if I'll live here 5 years from now. Since I have health issues, I'm not likely to earn more than I already do, so I'm stuck with this income.
But yeah, all the poor and ill people could always move together in some destitute area. Not like anything bad has ever come from that...
People like to act like Nordic European countries are perfect utopias and the us is a big scary oligarch dictatorship
In the US most people already have to get a roommate, move to sketchy apartment complexes, trailer parks, or out of state. Your other option is moving to a rural area in with no job opportunities and hours away from a decently sized city. Oh and homelessness. You can always end up homeless and go to california or florida, or go to california and florida and end up homeless.
Jeg undrede mig over om suburbs virkelig var så fucked indtil han cuttede til hollands bygninger der ligner vores egene. For the internernations: I'm Danish too, but I actually like it here.
As a Finn I agree. We also suffer from all of the above. Even though we also have a great education system and this does not yet solve this problem either. Also we have alot of empty houses like he mentioned in the video and this goes hand in hand with the aging population and urbanisation. Year after year the state gets ever more indebted. But all us nordic people can atleast agree that it could be alot worse, if we were born in the USA instead.
So guys what is the solutions?
I feel like you should've mentioned why homeowners in the US care so much about their house value, because for many middle class Americans the higher the value of their home is the better their financial future will be. My parents were able to sell their current house and buy another one in a cheaper area with cash thanks to the sky high housing market in our area, thereby securing their retirement for the future with no mortgage to pay. I feel incredibly blessed, but sometimes I wonder if my parents success with the housing market is destroying younger people's ability to buy a home and build much needed wealth for their futures. I also wonder if homeowners would still care as much about home values if policies like universal healthcare, better funded social security, and quality public housing for seniors were implemented.
This problem of relying on house prices and worth is itself caused by the lack of housing.
That is circular logic.
Encourage higher home value to secure retirement ---v
^---need a lot of money to retire because of high housing prices
Given how he showed the housing issues were caused in many places (refer to Parts 9 and 10) by government policy and incompetence, I think the last thing we want is more government. We need government to stop supporting ridiculous things like monopolies in healthcare and reform to an actual free-market system.
@@CarterHancock Why not implement the system proposed in part 3? Where government AND private developments competed with each other to keep prices down while giving the people more choices.
@@nbewarwe Could work, that would be the best reallocation of government resources. But knowing my country, it would fail.
2 things that _never_ should've been required to profit:
housing,
hospital. (or like, the entirety of the medical field)
Public transport.
Utilities.
Basically anything thats a natural monopoly
This was literally on my local town ballot last Tues. in my upper class Boston neighborhood where the median income is $111K & I just (luckily) moved to one of the 2 public housing apartment buildings w/ my family. There's an org of rich locals that doesn't want any new housing, public especially, who campaigned like crazy & won. It sucks that this is the word we live in. We need to help more people have a home in a nice area w/ good schools.
Haha I’m in Natick and I do a lot of work in Weston and Wellesley, I can imagine exactly what you’re talking about
The perception that everyone being provided for takes away from "you" individually is one of the most pervasive lies in capitalism.
Brookline town meeting?
I voted in it for more pro-housing, equity driven candidates, and much to my chagrin the turnout was still 19%, an all time low.
It’s status quo all over.
Meanwhile, in Tennessee- our lovely government made it a felony to be homeless.
Hell, even in ROXBURY, the ghetto of Boston rent is fucking insane
As a New Zealander, I completely agree with your case study. Our politicians fill us with empty promises about how they'll fix the housing crisis, then they fall short of the goals set and blame it on the immigrants.
New Zealand has a fertility rate of 1.6 children meaning that without immigration the population would be falling or would eventually fall. It is not the "fault" of immigrants, but of the New Zealand government who bring in more people than they can house.
@@andrewcanuck6417 then (as the video states) house more people
ooooooor easier yet, accept less people and you don't have to keep building endlessly to offset a bad policy.@@sirspeedy9006
New Zealand has a low fertility rate because native born can't afford houses. Building more houses would really solve so many problems in Enzed too,
Immigrants aren't to blame, yes, but in times of scarcity they're just more people competing with natives for a shrinking pool of resources and any sensible government would take steps to slow that process down until the situation is normalized.
I can't imagine all the effort that went into this video. Honestly, it's up there with some of the greatest video essays I've watched in a long time... Quite engaging, and this has brought an issue so far-gone in the media's narrow-minded peripheral to the general contention. So thank you, truly.
I HOPE Britmonkey covers the
on-PURPOSE Food-Waste mentioned in Second Thought's video 'Is Capitalism actually
Efficient?!'. Its a total shocker, basically a Must-Watch for all Humans.
Seconded.
Correction, it’s not build more houses, it’s build more homes. Intensification is key, we can’t afford to be building more standalone houses, we should be more focused on apartments and the like.
Only if I can own my apartment. Why should I pay for something I’ll never own?
@@TheCrazyCapMaster You pay for a lot of stuff you consume. Food, gas, services. Why is housing different?
@@Fedacking well first off I don’t rent food and gas, I don’t have to return them when I’m done with them 🤣 but more to the point, I’ll just say that, like housing, food is a basic human necessity and therefore should not be used to generate profits. I haven’t properly run the numbers, but I’m pretty sure if we shrank our military a bit and stopped using it to meddle in other countries’ politics, the government could easily subsidize our farming and feed the nation without needing to budge our taxes.
@@TheCrazyCapMaster If you want people to "stop generating profits" that means the state just nationalizing it, not subsidizing it. Subsidizing just means fatter profits for farmers. And usually collectivization of land has gone real bad. And that still doesn't fix all of the food that is imported, as most countries are either net food importers or have critical imports.
Honestly, I don't give a shit if people make profits or not as long as everyone has access to the minimum for a comfortable life. The mechanism doesn't really matter to me, and if a subsidized for profit market works the best, let's do that.
THIS IS SO TRUE. My rent just got jacked up +50% In Denver, CO. At first I thought of capping the max rent laws and regulations, but ended up down the rabbit hole of wondering why my rent was jacked up so high, leading me to this video where housing, especially affordable housing, is the magic key. Just a mile from my apt, they are building luxury detached homes, and they are starting in the $600,000s range. The rent for a 1 bedroom, is reaching the $2,000/mo. STUDIOS, aka sleep in a coffin starts at $1,800. So they are building houses nearby, but they are the 5+ bedrooms kinds with exorbitant prices. My family paid $250,000 for a plot of land in a suburb, and they sold it 2 years ago for $650,000. This shit is so fucked up, no wonder why we are on the edge of a social class civil war. My parents peat down on Millennials for being lazy, when they are just gentrifying the whole city, increasing the homelessness BECAUSE rent is skyrocketing.
What a time to be alive... At least we don't have to deal with the black death amirite???
I'm down with black death, after it all ended society was much better and had all chances to grow, the shit we're going through can only be fixed but will not result in growth but damage control. IF SOLVED AT ALL
@@Scrubermensch
Might as well let COVID rage around some more. Would help free up some space
@@Demopans5990 lol covid doesn't solve shit, pray for a 50/50 infection-lethality sickness and things will be brighter
I live close to Denver as well and it's mind boggling how bad things have gotten. Even after living for 6 years here making a very decent salary, I still can't afford to buy a home and now I'm considering moving back with my parents to have a chance to save up for a home someday in another state.
Wasn’t there a handful of cases of Black Death a few years ago in polish rats or something ? And you call Covid- not a Black Death part 2?
A bit off topic, but as a previous resident there, the housing crisis in Hong Kong is a systematic problem, which is arguably a much greater challenge than just rewriting legislation like in the US or UK. Johnny Harris when he was still at Vox did a great video on it so I won't go into too much detail here, but basically high house prices are a desirable and calculated outcome so the government can sell land at a high price as an alternative revenue source to taxes. I won't be surprised if there are other countries' governments that have the same perverse incentive to keep house prices high.
@@EverythingisGoodieBud I don't think I'm qualified to say whether that'd be the case or not, but it's my personal hope that it wouldn't be.
this is actually how most provinces in China make money
@@EverythingisGoodieBud the 21st will be the rise of China, maybe
This is why most people I know, including myself, who could and weren't in super good jobs left around 2014. Everything just skyrocketed and a few local businesses had to shut... such a shame
But land value tax literally accomplishes this too lol
Happy to see that Argentina has been put amongst the "good guys" because I, as an argentine, recognize that my country has a lot of potential, tons of smart people and creativity, but 2 of our bigest problems are corruption and unwillingness.
I hope the corruption gets out of your country soon, dood. I know, utopian dream, but having at least one good place free of that problem would be heartwarming.
And narcos, and drugs, and debt and public education, etc...
The structure at 4:34 is not a space elevator, it is a massive radio antenna designed to look for aliens.
Generally I'm really not interested in politics (bad i know), but this really made me want to interact with my lawmakers more. The only problem: not a single party seems to address this problem in any meaningful way. I absolutely hate it. Thank you for making this great video
So organize one. This is part of the apathy problem.
The potentially good news is that a lot of this is a local issue and your voice holds way more weight on the local level. The presidential candidates may not care, but I bet there's a YMBY politician running for your local city council.
The problem is the voters. Old people vote, old people tend to own houses. Building more houses reduces property values, meaning the value of their seats goes down. They won't vote for that.
Our job is to make them address this problem in the correct way
This was literally JUST on my local town ballot last Tues. One group wanted more housing, especially public, the other, funded by rich locals didn't, & won more seats. It _is_ being discussed, but at the local level, where no one pays attention. The election had hardly any turn out, so it was easy for the better funded side to win, keeping this area w/ no new lower income housing.
As a Dutch student I wish you’d mentioned the student housing crisis bc that for sure is killing our mental health 😰😰
Suffering.
sTikSToF
Komt vooral door al die buitenlandse studenten die speciaal naar nederland komen om hier te studeren. OP NOS3 ofzo had er een video van gemaakt
What dyou mean :0? Im native American and I live in California, so sorry ☝️👀 I thought your country actually had pretty nice/affordable housing in general.
What's wrong ? Tell me please ☝️👀
@@kamilareeder1493 We got too many exchange students in the Netherlands, because of our amazing education system or something. Causing dutch students and the foreign students to just not have enough. Also due to climate rules we can't build more houses because of SO4 in the atmosphere. It's basically 2 problems making each other bigger.
This is an incredibly important and insightful video. The wealthy collecting houses like they are pieces of fine art is literally bringing about the collapse of society before our eyes. The message needs to get out - build more homes, and build them better.
nah my friend, this is socialism, this is evil. USSR literally solved this issue in the 70s, building cheap housing for 140 million people with pretty much no homeless. But hey remember, USSR is bad, Russia is bad, socialism is bad. Keep paying 370 dollars a week for a shoebox and enjoy capitalism. And keep being like this dude who is like "China and Russia are our enemies". Your enemies are rich people who will throw you into WW3 to make some money from selling guns. And the nuclear war will happen, with limited tactical nuclear strikes.
Vulture funds will buy the new builds & keep the prices high.
@@matthewrushmer238 So you would rather do nothing?
@@jakobwachter5181 Just building houses isn't a solution, there needs to be a structure/system/laws that will make sure new houses go to those who need them, otherwise we're just creating more things for the wealthy to collect.
@@matthewrushmer238 We actually need policy to divest these people of their house collection that they're not using.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia”, because I adore her methods. You can make research and find out more.
PSA: way too obvious scam for the rest of the humans not the bots @@PhilipDunk
@@PhilipDunk Scam bots! This Vivian person should face charges.
As someone from Houston I wouldn’t exactly give our city credit for building more houses because of the lack of zoning laws - if anything we actually have pseudo zoning laws that encourage urban sprawl, car dependency, lack of public transport, and single-family house building. If you look outside of our inner loop surrounding the downtown core it’s a rare to find any sort of medium dense housing, and most housing within the inner loop is crazy expensive relative to the rest of the city which further contributes to car dependent urban sprawl
You speak about urban sprawl and single family housing as if it was a bad thing
@@luisandrade2254 when it takes you 20 min drive to get from your house to nearest grocery, 30 min to nearest community activity, or 45 min to work- yes suburban sprawl and single family housing sucks. There is nothing good about the area where you cannot ride a bike, walk to a friend, get morning coffee, go for a run, play with your neighbor, hang out in the bar, take an evening walk.
This construction type feeds owners ego for feeling rich, but it looks ugly, it promotes obesity and food insecurity the same time, contributes to loneliness and isolation of the youth, early decline of the elderly, it makes parents spend 3 hr alone in car instead of playing with their kids, it kills small businesses because of restricting zoning laws, and big businesses because workplaces are inaccessible to workers. Literally no one living in suburbia benefits from the suburbia, it may makes owners feel wealthy and secure, it looks American- but that is it.
In principle it is not the bad housing type in itself, it can be done well and human friendly, but the way it is currently executed in northern American cities- it sucks. And before you say anything- I live in suburbia, I can't imagine how the f people can spend their whole life in this boxes surrounded by lawns in the center of the food desert and surrounded by stroads.
@@luisandrade2254 its absolutely horrible 😂 whatre you talking about
@@diegothegreatthe66th lol what’s horrible
@@luisandrade2254 Being dependent on a car to do anything or go anywhere. You might want to rewatch the part of the video on health outcomes due to sprawl.
BritMonkey has blessed us with the greatest of all his gifts, not only a new video but it's also 42 minutes long🙏
This video is your magnum opus, dude. I haven't seen such a well researched and well thought out video essay ever before in my life. I can't believe I'm watching this for free!
Fun-Fact: If you like this Channel,
Chances are you will appreciate Some More News, Sci Man Dan
and Knowing-Better.
I mean, they all tackle Problems, cover Issues, dont shy-away from Stuff.
@@loturzelrestaurant Those videos look like "stupid person fail compilations" which are boring to watch and mean spirirted
@@RainytheNB Nah,
thats just you being judgemental.
In Reality, these videos have entertained Millions. Sure, you can PRETEND they are mean-spirited and all the fans who loved it are 'just toxiccc', but that remains you head-canon that you use to dismiss People
who literally Strangers to you.
@@loturzelrestaurant I watched the videos adn they were boring and mean spirited. And yes, I do believe the people who watch those videos are know it alls and very toxic.
My favorite part is the brief 3-second silence after you said Finland gave the homeless free houses.
“[NIMBYs claim that development] will ruin the neighbour’s character.”
That was the point when I literally yelled out loud “THERE’S NO CHARACTER IN A FUCKING AMERICAN SUBURB.”
the only character i ever saw in a suburb was wandering the streets at midnight, a soft orange glow from gently humming street poles illuminating our path as my best friend and I lit many a joint and discussed everything from philosophy to physics. the only character being our own, as we learned more with each passing night how soulless and unaware everything around us truly was.
@@owfan4134 This Topic was also '''covered''' by Illuminaughti as well as Some More News.
But heres the thing: Coverage is One Thing, but really Tackling the Issue and hard-dissecting Solutions is Another. For that i recommend "Second Thought".
I mean, Some More News arguably also has the Intend to Tackle Issues and i like his videos and him not being afraid to cover or criticize any and all, but oh well.
There is
@@owfan4134 I can ONLY speculate what would happen if we'd all Email/Tweet this video here as well as various Architecture-related and Issue-related and Simple-Solutions-suggesting videos by RUclipsrs Adam Something and Some-More-News tto some big important People.
But even if this isnt feasible or fails, it at least want to direct as many people to these Channels and to 'Second Thought' as possible, so i will repeatedly post this comment here, hoping the Good-Will is obvious enough for people to not call it 'Spam'.
I hope you check out those i believe in: Hbomberguy, Illuminaughtii and those i mentioned truly wanna tackle Issues and i hope you use their combined Might
to inform yourself and Others.
You’re exactly right. I’ve been arguing this point for nearly a decade. Housing inflation is at the core of the political disgruntlement in America today.
Wouldn’t it be ”deflation”, considering the value is too high?
The dollar is losing value
And the core of the housing crisis is racism, it all cycles.
@@maplenook Wow wonder if having a population more readily able to take on work, and secure in their finances so as to secure fair treatment could perhaps help the economy? I can't possibly imagine how that could occur.
As a fully young adult, im still stuck at home, as i cannot possibly afford to live on my own due to even apartments in my area and where i want to work costing nearly 1k a month. A Month. I have medicine, bills, loans, so much stuff i need to spend money on that i possibly cannot afford outside of my parents house.
Guess what, id be homeless if i went to leave.
I fully expect the total collapse of current countries and political systems within the next 30 years. If anything, id be all for revolution.
Same, but I'm stuck in a "family friend's" basement who's honestly a terrible landlord. Nice person, crap landlord. We can't afford to move and we're paying so much in rent that we're barely saving so.... The only hope we have is that my grandfather dies and my grandmother allows us to live with her for a couple years and save until we get on our feet enough or the house crash happens and we can get our own place....
honestly nimbys are traitors, ban zoning, ban support for zoning (life without parole hard labor) and ban opposition to any private development that doesnt use eminent domain. People want to oppose new construction send in the tanks and seize their assets they are traitors
We won’t win unless we stand up to lobbyists, politicians, and corporations. Money rules everything and that’s the sad truth.
There is no "winning" with any of these systems in place. Thinking this place can be "controlled" is what the real problem is.
It's not just lobbyists, but voters. People who own houses benefit by keeping other homeless
Nothing like a bit of hopeless despair to brighten up my sunday. Thank you BritMonkey, very cool.
He's not british for nothing