Do We Actually Want Affordable Housing? | The Housing Affordability Crisis We Don't Want To Solve

Housing is getting more expensive. Here's why.
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[stevenmiller]

It seems to be the moral of this story is, rising house prices are good for those who already own a home

[stevespike]

“It’s actually not that bad just make sure you already own a home first” oh fantastic why didn’t I think of that

[OkamioftheRinnegan]

"If you can't afford a house, then just pay for it by selling a house"
Gee, thanks. I'll make sure to eat lots of cake when the mortgage starts encroaching on my food budget.

[chilln]

“Do we want housing to be affordable”

Yes. Housing isn’t (or at least shouldn’t be) an investment, its a consumer good. Its one of the basic things a human needs to survive, on the same level as food and water. To say that more people having them is a bad thing is ridiculous, and this isn’t a partisan argument.

[anthonymigliaccio]

“Assuming their kids move out, which might not be a given these days”

Yes, it’s almost as if they can’t afford to move out….because of high housing prices

[mariokarter]

If you wanna know how screwed our economy has been for decades, consider the fact that ONE income earner used to be able to afford all this, while TWO are barely able to scrape by now. We've gone from "the woman doesn't work" to "the woman doesn't _have_ to work" to "dear god, woman, if you don't start pulling your weight around here we're gonna be out on the street."

[travisissoocool]

In the 70s, you could buy a house on one year’s salary. This blew my mind.

Retiring would be a lot easier if you didn’t have to spend 30 years paying off a massive home loan.

[omranhashim]

Ironic how investors buying homes didn’t make the list of reasons why prices are increasing.

[zerotoinfmath]

"Is it a problem?" It depends on who are you asking. For someone that already own the house or maybe a few more investment properties, it is not a problem at all. But for the young people who want buy a house to live in, that is a huge problem.

[rbet]

"I'd go and live on some remote island somewhere" Mate you already do...

[thedreamer]

2000 Me: When I grow up, I want to have a cozy 5 bedroom house in the suburbs just like my parents!
2010 Me: In a few years I'll be able to afford a mortgage that will get me a small 3 bedroom house on the edge of town!
2020 Me: If I'm lucky, by the time I'm 40 I can have a double wide trailer paid off...
2022 Me: If I can pay someone to park my truck and trailer somewhere for a small fee every month... that would be great...

[fuccckckkkkckkck]

“We don’t want prices to crash” actually I pray for it every day.

[MrYungsan]

I think having affordable housing available is much more important than a house being an appreciating asset.

[arthurgraton]

you're right, rising housing prices isn't an issue for people that already own a house.
I'm looking forward to sleep on the street in front of an empty house I can't afford with my friends.

[Emperor]

Yes, yes we do. Houses being treated as a commodity instead of a necessity is DIRECTLY involved in the continuous market crashes we experience.

[CosmicToaster]

“Do people actually want affordable homes?” How far down the dystopian rabbit hole are we going next?

[magnusvestad]

Is rising housing prices bad for people who own a home or more?
No.
wow thanks economics explained.

[KDeds]

"Is it really a problem?"
For all of us young people who are going to inherit debt, poverty, and homelessness, yes it just might be a problem.

[GuruMeditationError]

As a homeowner, I don't necessarily appreciate the insane growth in the value of my home. If current trends continue, it will have doubled in value in the space of about 5 years, which is simply insane. I don't need it to grow in value so dang fast. What I do need is to be able to continue to afford to live in it. Though my mortgage has a fixed interest rate, the value of my home is taxed. The tax man may end up pushing me out of my home in the end.