Linus Solves the Housing Crisis

"You don't get to line up for the buffet again, until everyone's got a plate." - Linus Sebastian. This needs to be the baseline of every conversation about this.

The fact that my wife and I both realized the other day that we wont be able to buy a house unless we both make 6figures was a fun time.

The UK is a nightmare too. The government sold off social housing in the 1980's, local government (councils) don't have the money to build/ buy new social housing and if you're on benefits you get "Housing Support" so the money goes straight to landlords.

As long as the land owning class and the regulation making class has a 1:1 overlap it's not going to change. Of course they will try to stuff their pockets with "rent subsidies". That's what they've been trying to achieve for decades.

fun fact, in Canada 40 years ago, 40 thousand homes were made a year. That number has halved... that's not how numbers are supposed to work.

I am a 35-year-old guy down here in Florida. I just bought a house earlier this year, but I was only able to accomplish it through an extraordinary set of circumstances. Being able to own your own home shouldn't give you the same feeling as winning the lottery, but unfortunately that's exactly how I felt.

A while back Japan introduced an 'empty house' tax. I think that is something that the governments of Canada, the UK and Australia should consider copying. I don't know about the exact situation in Canada but here in the UK much of what would be low cost housing has been bought up by investment firms and the same goes for empty plots of land. A tax on properties that remain empty would at least encourage investors to make these houses fit to live in and available for the rental market rather than sitting empty until the price increases to the desired amount at which point it would probably go to some other investor who would leave it empty.

I’m so happy someone with a big audience like Linus is talking about this.

Said very well. In Australia it's actual fucked, between homeowners using their collateral as negative gearing on other houses to basically buy new homes with very little risk, over seas investors allowed to buy property even though they will never live in them, and corps buying property still. It's impossible for a normal person to get a house now.

All I'm saying is, Rome had the same issue and they overthrew the republic and installed ceaser who promised and delivered land reform

This is the single most based conversation I've ever witnessed

Yk Tokyo doesn’t have a housing crisis, because they allow housing to be built basically almost anywhere. Arbitrary zoning red tape usually is the biggest hurdle to getting housing built

Same problem in Holland. Housing is crazy expensive. Houses are for people not for profit.

My family got their apartment from my grandma. It's just 50 square meters. It cost like 150k when it was new. (about 230k accounting for inflation), It was a sum you could get in a 4-5 years of average-paying work. Now, even if I were to become a senior software developer, it would take me about 15 years to buy it. It now costs about 1.2 million. Even with a job that requires like 10 years of experience, I would have to work the next 15 years to afford a 50m apartment. What the actual fuck.

When the waves of Boomers start dying, the housing market is going to go even higher. I got lucky, I got into my house before the bubble started, and I recently sold it. I was then gifted my mom's house when she passed away. I no longer have a mortgage, and in my mid thirties that is a huge step ahead of anybody else from my graduating class.

zoning, red tape, and nimbys are the real cause of the housing crisis. near me, there are lots where you are legally not allowed to subdivide your lot below 20 acres per parcel. the HOA will sue you if you try to submit an appeal to subdivide to 10 acres. cheapest lot is 1 million, ridiculous stuff

I'm a home builder in Oregon. Actually used to build affordable housing about 14 years ago. Affordable housing nowadays is a thing of the past that can only be looked at in the history books. Progressive legislation at the local, state, and federal levels has pushed new construction prices into the stratosphere. The unintended consequences have been catastrophic. And it continues to get worse.

The vet thing? In Germany, we have that happening to human doctors. Plus, you can by law only have so many practices in one area, so now I have to go to the ER for a cough.

As an American where it's not as bad AND I don't live in a city so it's even less relevant, I still want a crash myself. Been looking to buy a house for a while, but even here, it's hard. I have a hard time fathoming the prices my sister in Minneapolis has to deal with, let alone Canada.

Multi-generational homes will simply have to become more popular if something doesn't change. I can't foresee my own kids being able to move out of the house in 5-10 years with the current state of things. We're already multi-generational with my MIL living with us; we did it due to other circumstances, but I can see it becoming a necessity for many families now.