Why can't young people afford houses?

98,438 Views | 1302 Replies | Last: 14 hrs ago by FLBear5630
Redbrickbear
How long do you want to ignore this user?



Redbrickbear
How long do you want to ignore this user?
nein51
How long do you want to ignore this user?
They are right. When we bought our farm it had just been parceled. The neighbor bought the pasture in the front and had it placed in a trust with the stipulation that the land never be built on. The people that live out here don't want apartments, they don't want neighbors, they don't want RVs or trailers. If they wanted 6 story apartment complexes they would move to the city, not the small town next door, not the small city 30 miles away…the city.
cowboycwr
How long do you want to ignore this user?
nein51 said:

They are right. When we bought our farm it had just been parceled. The neighbor bought the pasture in the front and had it placed in a trust with the stipulation that the land never be built on. The people that live out here don't want apartments, they don't want neighbors, they don't want RVs or trailers. If they wanted 6 story apartment complexes they would move to the city, not the small town next door, not the small city 30 miles away…the city.


While what you say is true that is what people want when they move out. But trying to control what is built on other people's land is going too far I think. Especially if it is in the city and not within eyesight of your land which is what sounds like is going on in that story.
FLBear5630
How long do you want to ignore this user?
nein51 said:

They are right. When we bought our farm it had just been parceled. The neighbor bought the pasture in the front and had it placed in a trust with the stipulation that the land never be built on. The people that live out here don't want apartments, they don't want neighbors, they don't want RVs or trailers. If they wanted 6 story apartment complexes they would move to the city, not the small town next door, not the small city 30 miles away…the city.


The County Comp Plan should set land use. GA uses growth tiers. Most rural areas are more than 1 unit per acre. Ag areas are usually 1 unit to 4 acres. Outside the urban service area it would be tough to change.
nein51
How long do you want to ignore this user?
cowboycwr said:

nein51 said:

They are right. When we bought our farm it had just been parceled. The neighbor bought the pasture in the front and had it placed in a trust with the stipulation that the land never be built on. The people that live out here don't want apartments, they don't want neighbors, they don't want RVs or trailers. If they wanted 6 story apartment complexes they would move to the city, not the small town next door, not the small city 30 miles away…the city.


While what you say is true that is what people want when they move out. But trying to control what is built on other people's land is going too far I think. Especially if it is in the city and not within eyesight of your land which is what sounds like is going on in that story.

I agree. If you don't want the land developed the easy solution is to purchase it and keep it undeveloped. Exactly what my neighbors did. I believe they are up to 2,000 or so acres now.
FLBear5630
How long do you want to ignore this user?
nein51 said:

cowboycwr said:

nein51 said:

They are right. When we bought our farm it had just been parceled. The neighbor bought the pasture in the front and had it placed in a trust with the stipulation that the land never be built on. The people that live out here don't want apartments, they don't want neighbors, they don't want RVs or trailers. If they wanted 6 story apartment complexes they would move to the city, not the small town next door, not the small city 30 miles away…the city.


While what you say is true that is what people want when they move out. But trying to control what is built on other people's land is going too far I think. Especially if it is in the city and not within eyesight of your land which is what sounds like is going on in that story.

I agree. If you don't want the land developed the easy solution is to purchase it and keep it undeveloped. Exactly what my neighbors did. I believe they are up to 2,000 or so acres now.

Problem there is that unless you are wealthy, like what is happening in New Mexico, Colorado and Montana with Hollywood buying massive acreage and preventing the public access, you can't afford the property tax to let land stand fallow. Even at Ag levels, 2000 acres is an expense. Or you can put in public trust. My father in law did that in Wisconsin on a dairy farm for trees. It is now protected and not a tax burden, but future use is off the table.

Where it gets particularly nasty is on the coast. We are seeing what used to be one story beach homes being replaced by multi-lot monstrosities that take up multiple lots and several for "private play". Destroying the view shed for pretty much everyone else. My favorite was on the east coast the owner of Hawaiian Tropic owned two mansions, one to live and one for parties. Some States like California and Hawaii have made beach public owned. The California Coastal Protection Act preserves below the mean high tide mark as public and you can't cut off public access. So, people can still go through your property. CA has done a good job at protecting the coast and their State Parks.
boognish_bear
How long do you want to ignore this user?
I'm not sure if this is meant to be a definitive statement. We know the housing market has always fluctuated just like the stock market. It has never been permanent.


FLBear5630
How long do you want to ignore this user?
boognish_bear said:

I'm not sure if this is meant to be a definitive statement. We know the housing market has always fluctuated just like the stock market. It has never been permanent.




You will always have to pay for housing, whether it is just taxes, rent, mortgage, or an ACLF. Housing as an expense never goes away. It will come back and if it doesn't, it gets used as a rental property.
boognish_bear
How long do you want to ignore this user?
boognish_bear
How long do you want to ignore this user?
Redbrickbear
How long do you want to ignore this user?
Redbrickbear
How long do you want to ignore this user?
J.R.
How long do you want to ignore this user?
boognish_bear said:



that is why I rent by choice.
boognish_bear
How long do you want to ignore this user?
cowboycwr
How long do you want to ignore this user?
boognish_bear said:




I don't have X so can't read the thread but my guess is while it sounds like a huge amount of money it probably is not that many total apartment complexes.

But when this happens are the residents forced out or just a change of management?
cowboycwr
How long do you want to ignore this user?
FLBear5630 said:

boognish_bear said:

I'm not sure if this is meant to be a definitive statement. We know the housing market has always fluctuated just like the stock market. It has never been permanent.




You will always have to pay for housing, whether it is just taxes, rent, mortgage, or an ACLF. Housing as an expense never goes away. It will come back and if it doesn't, it gets used as a rental property.


But it shouldn't be a forever payment.
boognish_bear
How long do you want to ignore this user?
cowboycwr said:

boognish_bear said:




I don't have X so can't read the thread but my guess is while it sounds like a huge amount of money it probably is not that many total apartment complexes.

But when this happens are the residents forced out or just a change of management?


I don't think so.

4th and Inches
How long do you want to ignore this user?
cowboycwr said:

boognish_bear said:




I don't have X so can't read the thread but my guess is while it sounds like a huge amount of money it probably is not that many total apartment complexes.

But when this happens are the residents forced out or just a change of management?
residents under a contract remain, a written lease isnt breakable due to a change of ownership
Adopt A Bear 2025

94 Palmer Williams

Ray Guy Award Watch List
• Preseason Second-Team All-America (Phil Steele)
• Preseason Third-Team All-America (Athlon)
• Preseason All-Big 12 (Big 12 Media)
• Preseason First-Team All-Big 12 (Athlon, Phil Steele)
boognish_bear
How long do you want to ignore this user?
nein51
How long do you want to ignore this user?
boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.
boognish_bear
How long do you want to ignore this user?
nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


If you don't mind a slight chemical smell you can get a good deal on a used one...

cowboycwr
How long do you want to ignore this user?
4th and Inches said:

cowboycwr said:

boognish_bear said:




I don't have X so can't read the thread but my guess is while it sounds like a huge amount of money it probably is not that many total apartment complexes.

But when this happens are the residents forced out or just a change of management?
residents under a contract remain, a written lease isnt breakable due to a change of ownership


I figured it wasn't under a normal sale but wasn't sure if the fact it was a foreclosure made it different since it would now be a bank in charge and not a rental/property management company or since the original company was going out of business.
nein51
How long do you want to ignore this user?
boognish_bear said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


If you don't mind a slight chemical smell you can get a good deal on a used one...



True if you don't care how often it moves. They cost a fortune to maintain and good ones cost more than a house…sometimes by a lot.
boognish_bear
How long do you want to ignore this user?
4th and Inches
How long do you want to ignore this user?
cowboycwr said:

4th and Inches said:

cowboycwr said:

boognish_bear said:




I don't have X so can't read the thread but my guess is while it sounds like a huge amount of money it probably is not that many total apartment complexes.

But when this happens are the residents forced out or just a change of management?
residents under a contract remain, a written lease isnt breakable due to a change of ownership


I figured it wasn't under a normal sale but wasn't sure if the fact it was a foreclosure made it different since it would now be a bank in charge and not a rental/property management company or since the original company was going out of business.
In Texas, a foreclosure does not automatically break a lease; the new owner must honor the existing lease unless it specifically states otherwise. However, if the new owner intends to occupy the property, they can terminate the lease with a 90-day notice.
Adopt A Bear 2025

94 Palmer Williams

Ray Guy Award Watch List
• Preseason Second-Team All-America (Phil Steele)
• Preseason Third-Team All-America (Athlon)
• Preseason All-Big 12 (Big 12 Media)
• Preseason First-Team All-Big 12 (Athlon, Phil Steele)
Youre a clown
How long do you want to ignore this user?
nein51 said:

boognish_bear said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


If you don't mind a slight chemical smell you can get a good deal on a used one...



True if you don't care how often it moves. They cost a fortune to maintain and good ones cost more than a house…sometimes by a lot.


My in-laws have one that just sits on their property that they can't afford to do anything with. Was a nice RV at one point, but it had some serious issues, and they paid a crackhead relative of theirs that fixes RVs to try to repair it on the cheap, and he made it worse. Lol
nein51
How long do you want to ignore this user?
Youre a clown said:

nein51 said:

boognish_bear said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


If you don't mind a slight chemical smell you can get a good deal on a used one...



True if you don't care how often it moves. They cost a fortune to maintain and good ones cost more than a house…sometimes by a lot.


My in-laws have one that just sits on their property that they can't afford to do anything with. Was a nice RV at one point, but it had some serious issues, and they paid a crackhead relative of theirs that fixes RVs to try to repair it on the cheap, and he made it worse. Lol
I own a Freightliner MT55. An oil change and an air filter with a PM service is over $1,000. A turbo is around $9,000 replaced. The running joke is that it costs $4,000 to stop in there. Which is not a joke.

Pusher RVs cost well more than my MT55 to maintain and that's without all the upfit garbage work.

A new pusher will set you back more than my 10 acre farm cost and if it's a nice one it might set you back near double, triple if it's a top end model.
cowboycwr
How long do you want to ignore this user?
nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


Yea it is. I think this claim is also including RVs and trailers as one. More and more people are buying or even renting rvs. Not the nice new bus ones but the older models. Most of them park and don't move again.
boognish_bear
How long do you want to ignore this user?
nein51
How long do you want to ignore this user?
cowboycwr said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


Yea it is. I think this claim is also including RVs and trailers as one. More and more people are buying or even renting rvs. Not the nice new bus ones but the older models. Most of them park and don't move again.

I'm not saying that .01% of people aren't doing that. But it's such an insignificant number it's not even funny. It's laughable that someone wrote that article and someone published it. There are 350,000,000 Americans give or take and we have to be talking about a few thousand at most.

The build quality of an RV is so bad the ones that do it probably won't be doing it long lol.
cowboycwr
How long do you want to ignore this user?
nein51 said:

cowboycwr said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


Yea it is. I think this claim is also including RVs and trailers as one. More and more people are buying or even renting rvs. Not the nice new bus ones but the older models. Most of them park and don't move again.

I'm not saying that .01% of people aren't doing that. But it's such an insignificant number it's not even funny. It's laughable that someone wrote that article and someone published it. There are 350,000,000 Americans give or take and we have to be talking about a few thousand at most.

The build quality of an RV is so bad the ones that do it probably won't be doing it long lol.


So a quick google search brought up two different numbers and I didn't feel like diving further but one number was 450,000 but seemed to only count working rvs and another number was 1.1 million in rvs, vans or trailers working or non working.

So it seems higher than you thought but still not an epidemic. But both sources have said the number has increased rapidly, with one saying the number doubled in less than a decade.

Drive by an rv park and they are always full and not just with weekend campers. Lots of them seem to stay a long time.
cowboycwr
How long do you want to ignore this user?
nein51 said:

Youre a clown said:

nein51 said:

boognish_bear said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


If you don't mind a slight chemical smell you can get a good deal on a used one...



True if you don't care how often it moves. They cost a fortune to maintain and good ones cost more than a house…sometimes by a lot.


My in-laws have one that just sits on their property that they can't afford to do anything with. Was a nice RV at one point, but it had some serious issues, and they paid a crackhead relative of theirs that fixes RVs to try to repair it on the cheap, and he made it worse. Lol
I own a Freightliner MT55. An oil change and an air filter with a PM service is over $1,000. A turbo is around $9,000 replaced. The running joke is that it costs $4,000 to stop in there. Which is not a joke.

Pusher RVs cost well more than my MT55 to maintain and that's without all the upfit garbage work.

A new pusher will set you back more than my 10 acre farm cost and if it's a nice one it might set you back near double, triple if it's a top end model.


Is this tropical with motorized RVs? I have a former coworker that retired, bought a bus rv with her husband and they have been driving the country for a few years seeing all the national parks, tourist stops and college football stadiums. They post all the time about where they are and talk about regular maintenance but never seem to complain about it breaking down or other issues.

But I have heard some people complain the rvs are bad at maintenance but to me it has also seemed they let it sit for months without driving them. To me sitting for months seems to be part of the issue. That would be fine for the trailers but not engines.
cowboycwr
How long do you want to ignore this user?
My wife and I have used this site that is basically Airbnb for rvs and trailers a few times. Can't think of the name right now, but we have loved it. We have also rented from companies that rent out rvs/trailers and have liked that. For us it has been all we need for quick trips but not wanting to justify the cost of buying an rv or trailer.

nein51
How long do you want to ignore this user?
cowboycwr said:

nein51 said:

cowboycwr said:

nein51 said:

boognish_bear said:



Lol no they aren't. You think a regular home is expensive try an RV.


Yea it is. I think this claim is also including RVs and trailers as one. More and more people are buying or even renting rvs. Not the nice new bus ones but the older models. Most of them park and don't move again.

I'm not saying that .01% of people aren't doing that. But it's such an insignificant number it's not even funny. It's laughable that someone wrote that article and someone published it. There are 350,000,000 Americans give or take and we have to be talking about a few thousand at most.

The build quality of an RV is so bad the ones that do it probably won't be doing it long lol.


So a quick google search brought up two different numbers and I didn't feel like diving further but one number was 450,000 but seemed to only count working rvs and another number was 1.1 million in rvs, vans or trailers working or non working.

So it seems higher than you thought but still not an epidemic. But both sources have said the number has increased rapidly, with one saying the number doubled in less than a decade.

Drive by an rv park and they are always full and not just with weekend campers. Lots of them seem to stay a long time.

That's all of the units on the road. Not people that bought them as a home. People that bought them because they couldn't afford a home is a fractional number of those numbers. There are plenty of Americans that live in RVs and travel trailers. Ohio, Michigan, New York and Texas/Florida/Arizona are full of them. But the number of people who are living in them because they can't afford a home is just not very large.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.