What is being done to make housing more affordable in Utah?
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- Опубликовано: 2 окт 2024
- In his "State of the State" address last month, Gov. Spencer Cox called for the construction of 35,000 new starter homes over the next five years. It's part of an effort to make it easier for first-time home buyers to break into the housing market.
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Don't let Blackrock buy them up.
As a first-time home buyer, I doubt this will help. New homes are way too expensive.
The point of it is that the price of each home will go down when there are much more of them. They are only expensive because there is hi demand for them and low supply.
@@jakejakeman4591The demand hasn't stopped and it won't stop as long as people keep flocking this way. Especially from California.
no it hasnt stopped, thats why the only solution i can see is increasing the supply aka building more houses.@@mailmanjoe
"Starter homes". Building more is not the answer. Also new construction homes are NOT starter homes.
Amen.
Building more is not the answer? What is the answer then?
Grew up in Utah, love it, never thought I'd settle anywhere else. But I came out here to Omaha for law school; I'm staying out here. Even as a newly-minted lawyer, I can't afford the neighborhoods I grew up in where my mom was a nurse, and my grandpa was a construction worker could afford a home. I've been priced out of a place where my family's been for 200 years.
I know exactly what you say.
I live in Idaho and with all the west coast (including a few other states too) dreamers moving here the past 3 to 5 years, it's increased housing and many other costs so extremely expensive that we native residents have been priced out of the market.
It stinks.
Utah is landlocked with 85 percent of the land owned by the federal and state government,state parks, forest service, BLM, military bases, air force bases, army depot's and the next 7.5 percent is owned by the LDS church. So our legislature gives 35 million a year to developers to develop a property they will rent at 10 times the value of sell at 20 times the cost and don't have to pay the state taxpayers back for this grant. Grant citizens this money instead. We tried paying off developers to do a job they get paid for and for the last 20 years Utah still tops the nation as the most overpriced housing market in the USA. Governor is just doing the same old thing that created this mess in the first place. Developers in the Utah Legislature pay themselves and their friends to run their business at the expense of taxpayers. It's is obviously NOT working and eventually the Utah market will collapse and Utah did it to themselves. Can anyone spell corruption and greed? Pay Utah taxpayers the 35 million back that you have given to developers to develop property they then sell at astronomical prices which Utah Legislature has done for 20 plus years with NO benefit to Utahns.
Build UP UP is Free are. Just add it too Denver. @@upwherethesundontshine5602
Time to remove single family zoning. Whoever wants a single family home can buy one, whoever wants to build a mother in law suite on their property, should have the freedom to do so.
Wow your a little late for that, don't you need jobs for that? Illegals took my job.
True.
A four bedroom house isn't a STARTER home. Yet none of the builders will build a one and two bedroom suburb. They all want to continue building luxury homes, charging premium prices.
First fix, ban HOAs in new developments.
Second fix, no more suburbs where you can't see anything but houses when you stand out front. Shopping, services, and employment needs to be within a 15 minute walk. Mixed zoning will help lower fuel emissions and costs of living. Not having to drive everywhere means a larger percentage of income can be dedicated to housing costs.
Third fix, zoning boards need to allow vast areas of manufactured housing that is sold with the house and the land lot as one title.
HOA's shpuld be brought to the Supreme court, and banned and outlawed. If you're not paying the mortgage, you have zero say. All these power hungry morons, who think they are entitled to tell me what to do, is ludicrous!
better hurry up,,do something,, they're going to have a lot of people using the steps of the state capitol building for a latrine, and that goes for all the states in the USA
Utah needs politicians that are doer's and really involved with the whole picture , jobs that have a bigger take home check without handing it over in taxes
I agree there is no way to find a decent starter home for under 450k.
Truth. You need a two worker income, with both making well over 100K, to even get approved. This is completely sickening. If yiu have to live in a 600 Sq. Ft. Apt, shelling out well north of $1,500 a month, it better be in a home, where you can build equity. Our way of life in this country has gone way haywire. The insanity needs to stop. Moratoriums on apartment housing, and building permits on any builders proposing " LUXURY " homes.
Make apartments more affordable, too, not just building new homes!!
More apartments equals more trash neighbors. Overcrowded trash moved in since 2019. Go back where you from.
Government owned apartments is the answer. They work in Europe to compete with market rate to bring down housing costs.
Stop building so many apartments or you’ll overcrowd areas like you did bountiful. Now bountiful is a horrible place to live. Build more single family homes asap.
First off stop talking to the home builders who make massive profits off the buyer and who have no interest in making it more affordable. Then get rid of the ridiculous commissions agents receive. Those Commissions have helped to skyrocket home prices. It is in the agents best interest to keep prices trending upward as quickly as possible so their 3% keeps ballooning.
Oh and then anyone purchasing homes that they are not going to live in should have to pay considerably more taxes. When investors are buying up all the housing in an area so they can rip people off with out of control rent this only makes homes more unaffordable and adds to the skyrocketing prices due to low inventory. Investors have destroyed our country for the average person and their greed will never end until we put them in their place.
I forgot to add that even if you fix all of Ivory homes issues that saving would never be passed on to the homeowner it would just be more profit for the home builder. They want to get rid of all the fees so they can earn more bottom line.
It will just bring more crime by having growth.
Easy answer: Make it illegal for corporations to purchase homes.
The reality is that SLC needs more apartments rather than single family homes.
Nobody wants to admit that but it's the reality - we are land restricted, and our population keeps growing...
Building more single-family homes has a limit, there's a point where the city is just too big for it - we might at that transition point.
I agree, but…. I believe he’s talking about the state, not SLC (he’s governor, not mayor).
Land restricted??? SERIOUSLY??? I think you meant Cali. Oh yeah, that's why all those people who destroyed that state are invading Utah, Idaho and Montana.
Why so freaking much for Parks?!?!
I think it’s time to change how houses are being designed. We should go with or similar to what Elon musk brought to the table at the summit. His Tesla homes that are priced at 50k starting.
Agree, those are starter homes.
Gov doesn’t and shouldn’t have $$$. Gov and big biz working together is the reason for housing and pretty much every other prob
1 Get the government out of it.
2 Stop thinking everyone has a “right” to a home.
3 Environmentalism has driven up the cost of building materials.
Affordable housing is our greatest threat? Really? Just because someone doesn’t have a house, it doesn’t mean they are dependent on the government. Being a homeowner isn’t the ticket to freedom.
Buy what you can afford. If that means living in an apartment, so be it. We don’t need socialism buying people a place to live.
Its always this so called socialism. Its never corporate greed and corruptions fault. Its always this desire to help the people who have worked harder than most all their lives but have little to show for it fault. Socialism does not exist in the US and never has. Corporate welfare has always been a thing and benefited the top 1% amazingly well. Yet when we try to help those at the bottom people like you attack them for being socialists and evil...
Get corporate corruption and greed out of it. Profit is fine. Skyrocketing profit and deregulation have led to a housing market that is incredibly expensive and churning out subpar homes. Even if you can afford them they are no better than cardboard boxes when you look at the materials used. They often dont even live up to the city codes because of all the corners cut.
Apartments aren't affordable anymore let alone housing. Building government housing has proven to even out housing costs in Europe. Building starter homes isn't the answer unless they are small homes. Even so building regulations need to change.
And you calling for more Mexicans
Thanks for at least coming out with your bigotry and not trying to hide it behind snide comments.
When government gets involved in ANY industry it gets MORE expensive! How about letting us keep more of our hard earned dollars so we can AFFORD a home? Government programs ARE the problem and not the solution
Single family home cost $158k before a home is on the lot is absurd try to get it to $100k or less and $250k starter homes with a 2 to 1 mix 2 Non HOA developments for each HOA and 2 to 1 for HOA's 2 affordable HOA's and one slightly higher. For Condo/Apartment 2 to 1 on affordable vs luxury. You use a 2 to 1 approach to everything from starter homes to $800k homes.
Sadly this won’t lower prices 😢
Didn’t happen to the car market.
This is the same guy who wants to give hundreds of millions of dollars to billionaires for MLB.
Tbh, I don't see a solution. The prices will always go up.
This would be really easy to solve if we had a UTAH native incentive instead of letting outsiders come in and build.
why not let people put up tiny homes in their yard! stop trying to control!!!
Im Moving In My RV
Who builds homes ?
I am not sure building 35,000 starter homes will make homes more affordable. Affordably is 30 percent of your income. Government owned housing would create more of an impact to bringing housing costs down. It would create competition with market rate and even out the cost of living. I don't think single family starter homes is the answer.
i don’t disagree with some of the points the ivory CEO made but if you want people to step up from the state and local West Jordan officials than you should also step up your game and live in these neighborhoods your building where it feels like the homes are stacked right next to each other. just thought i’d ask.
The CEOs voice as if he is hurting financially 🫠
Greed and inflation. What a fun combination... I'm glad they are trying to make changes.
I don’t think those impact fees are remotely accurate. They are way more then that. Try closer to 35-40 thousand in impact fees getting started currently.
Stop buying homes. Stay in your home. If you are leasing sellers should go back to lease to own transactions.
As someone who makes a more than average income, a single family home IS NOT a starter home.
What's being done to stop growth because Utah doesn't have enough water for all of the growth?!
The homeless problem is getting worse, and these measures are ??
The major contributor to a correction, is a correction
thats notbthe answer when the ecomony is Crashing
We need more reservoirs to serve the housing if we dont want to be put on rations.
These politicians are all full of it
I expect nothing to come of this
Come on het ur head outta the clouds
Government planning, mind control programs. Government get out of my health and wealth.
These new suburbs are looking very similar to Arizona with Danny Mcbride...
Prime looking for a housing crash, a mental crisis and a visit to your local relator is coming up soon lol
Supply and demand.
Tell the local lds cultists to stop having 6 kids each