June home sales drop to the slowest pace in 14 years as short supply chokes the market

[KCfromNC]

We should completely ignore China in regards to anything America. our history and lives are incompatible, like apples and watermelons.

Then why the support for a candidate who says he wants to copy one of China's real estate policies?

 

[KCfromNC]

What if some democratic politicians jump on board with Trump’s plan, and attempt working with him... Could it work if both parties got involved in this?

Not if we "completely ignore" the reality when another country tried something similar and failed.

 

[Landon Caeli]

Not if we "completely ignore" the reality when another country tried something similar and failed.

I don't think you realize the magnitude of the difference between how many homes Communist China has built compared to the United States. The fact is, we are so far behind where we should be, it's almost inconceivable. China has used more concrete in a 3 year span that the US used in the entire 20th century.

"Between 2011 to 2013, China used 6.5 gigatons of cement." :

China used more cement in 3 years than the U.S. used during the entire 20th Century

So you’ve probably heard at least a little bit about the wildly expanding middle class in China and the extremely rapid growth of once-rural and tiny cities into giant metropolises just in the last couple of decades. But here is a statistic and a photo to put all of that into context, via Bill...

www.equipmentworld.com

 

[Landon Caeli]

Then why the support for a candidate who says he wants to copy one of China's real estate policies?

I really don't think you want to use China as a factor in your arguments for several reasons. First of which is that all land ownership in China is reserved, exclusively, for the government... Nobody is allowed to own land there, so the houses are all built on rented properties.

...We really shouldn't compare apples to watermelons.

 

[KCfromNC]

I really don't think you want to use China as a factor in your arguments for several reasons. First of which is that all land ownership in China is reserved, exclusively, for the government... Nobody is allowed to own land there, so the houses are all built on rented properties.

...We really shouldn't compare apples to watermelons.

Why does that mean we can't compare their government's plans to build cities in the middle of nowhere with Donald's?

 

[FireDragon76]

I don't think you realize the magnitude of the difference between how many homes Communist China has built compared to the United States. The fact is, we are so far behind where we should be, it's almost inconceivable. China has used more concrete in a 3 year span that the US used in the entire 20th century.

"Between 2011 to 2013, China used 6.5 gigatons of cement." :

China used more cement in 3 years than the U.S. used during the entire 20th Century

So you’ve probably heard at least a little bit about the wildly expanding middle class in China and the extremely rapid growth of once-rural and tiny cities into giant metropolises just in the last couple of decades. But here is a statistic and a photo to put all of that into context, via Bill...

www.equipmentworld.com

Most of which are dense apartment buildings that you seem to think are subhuman.

 

[Landon Caeli]

Why does that mean we can't compare their government's plans to build cities in the middle of nowhere with Donald's?

Why do you prefer highlighting China's failures over their successes? Or even the successes of Saudi Arabia?

...I think I know why - because this isn't Joe Biden's idea, so therefore it must be likened to that which is bad.

 

[Landon Caeli]

Most of which are dense apartment buildings that you seem to think are subhuman.

I don't actually think that, however I really don't want to see co-living apartments as the future, which is basically what we're looking at when prices are so high, people have to resort to renting rooms.

We're starting to see more of these popping up in Los Angeles, which is cool and all if people like the idea of moving in with strangers, but I wouldn't want to make it the 'norm', to where families are seen as old fashioned - which is essentially what we're doing when we reject "urban sprawl" entirely.

https://www.apartments.com/co-relate-west-adams-shared-apartments-los-angeles-ca/j9cwfw5/

 

[FireDragon76]

I don't actually think that, however I really don't want to see co-living apartments as the future, which is basically what we're looking at when prices are so high, people have to resort to renting rooms.

We're starting to see more of these popping up in Los Angeles, which is cool and all if people like the idea of moving in with strangers, but I wouldn't want to make it the 'norm', to where families are seen as old fashioned - which is essentially what we're doing when we reject "urban sprawl" entirely.

https://www.apartments.com/co-relate-west-adams-shared-apartments-los-angeles-ca/j9cwfw5/

Urban sprawl is actually intensifying the problem, because it forces poor and lower-middle-class people into that type of housing.

 

[Landon Caeli]

Urban sprawl is actually intensifying the problem, because it forces poor and lower-middle-class people into that type of housing.

I'd like to see the explanation on how flooding the housing market with 2 times as many homes would force anyone into co-living. It doesn't seem logical.

 

[FireDragon76]

I'd like to see the explanation on how flooding the housing market with 2 times as many homes would force anyone into co-living. It doesn't seem logical.

The real lack of housing is affordable housing, which usually means smaller homes and more density (since most of the value of a home is in land).

During the early 2000's housing boom, they didn't build enough affordable housing. In fact, they haven't built affordable housing on any kind of scale since the 1960's.

 

[essentialsaltes]

Why do you prefer highlighting China's failures over their successes? Or even the successes of Saudi Arabia?

...I think I know why - because this isn't Joe Biden's idea, so therefore it must be likened to that which is bad.

Nothing prevents the GOP House from proposing legislation to enact this quixotic plan.

 

[Landon Caeli]

The real lack of housing is affordable housing, which usually means smaller homes and more density (since most of the value of a home is in land).

During the early 2000's housing boom, they didn't build enough affordable housing. In fact, they haven't built affordable housing on any kind of scale since the 1960's.

I feel like you're looking over your shoulder, and not ahead... By flooding the market, everything becomes cheaper due to supply and demand changes, which means, this makes housing more affordable.

 

[FireDragon76]

I feel like you're looking over your shoulder, and not ahead... By flooding the market, everything becomes cheaper due to supply and demand changes, which means, this makes housing more affordable.

Land won't suddenly become cheaper. And that's a huge part of the cost of a home.

 

[Desk trauma]

Land won't suddenly become cheaper. And that's a huge part of the cost of a home.

Speaking of land, as yet unanswered is where all these vacant plots of government owned land with the resources for a city are hidden at.

 

[FireDragon76]

Speaking of land, as yet unanswered is where all these vacant plots of government owned land with the resources for a city are hidden at.

China could build alot of new cities because areas they built up used to be rural or much smaller cities. A city like Shenzen, now a huge trading and manufacturing hub, didn't even really exist 30 years ago.

 

[Landon Caeli]

China could build alot of new cities because areas they built up used to be rural or much smaller cities. A city like Shenzen, now a huge trading and manufacturing hub, didn't even really exist 30 years ago.

I'd like to see reasons why a masterplanned city, built an a previously uninhabited area, is unlikely to take-off aside from claims that we "haven't seen it before"... Realistically, we *have* seen it before... I can tell you that my ancestors left their native countries and came here to the United States, before there was anything here... My ancestors surveyed the land, and then began building New Amsterdam...

 

[Landon Caeli]

Speaking of land, as yet unanswered is where all these vacant plots of government owned land with the resources for a city are hidden at.

Does it really even matter though, outside the attainment of resources, considering our population is literally starving for real estate?

“The market can easily absorb a doubling of inventory.” - Lawrence Yun, chief economist for the Realtors.

 

[Landon Caeli]

Nothing prevents the GOP House from proposing legislation to enact this quixotic plan.

That's all I ask... That if Trump should win the 2024 election, that people not stand in his way from attempting this out of spite. Actual concerns though, should be welcomed and discussed.

 

[Desk trauma]

Does it really even matter though, considering our population is literally starving for more real estate?

“The market can easily absorb a doubling of inventory.” - Lawrence Yun, chief economist for the Realtors.

Yes.