Real Estate Expert Answers US Housing Crisis Questions | Tech Support | WIRED
Professor of urban planning Kate Nelischer answers your questions about real estate and the US housing crisis from Twitter.
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Professor of urban planning Kate Nelischer answers your questions about real estate and the US housing crisis from Twitter.
source
Great video! I hate it lol
You should ask this. How come Japan has deflation and America and similar English speaking countries had crazy asset bubbles? And also did Japanese people kick Kate Nelischer's butt in math class? The answer to that is yes. So who should I believe will end up better off in the long term?
Please don’t tell ppl Texas is affordable, I live in Houston and we are FULL!! Our market is unaffordable now since everyone is moving here
Fire that AI who made this a man with a mental condition could do better! How softball can you get!?
48 months?!! 4 YEARS? Good lord.
what a freaking communist…her answer to the housing crisis is more government.
Really because gentrification saved the city of Detroit after. Riots all the people with means moved out they just happened to be white because it was the. 60s. Now the city is back because all the young professionals who are black and white, Asian, Muslim are back and yes that raises prices and changes the neighborhood but your neighborhood wasn’t a good place to begin with if all was there was crack and crime. Aka cass corridor. In my dads time if you told him that would be one of the nicest areas now he would said your the one smoking crack. How is a community suppose to get richer and better if people with the money don’t come there?
Can answer this question in 2 words: Because boomers. Maybe a little reductive, but that generation is at the core of all these issues.
7:30 no one’s gonna talk about how she said Regina?
You can still buy an acre of land for $5,000- $25,000 most places in North America. Plop a used trailer house on it, fix it up, or build something cheap yourself. Broke folks done been on that for forever.
"regina" LOL
I love her answer on red-lining. Less about racism and more about the fact that that those areas carry a significant risk financially.
"Public housing" meaning the government owns your house, not you. Thats just as nightmarish.
There is no HOUSING crises !! realtors are trying to create but please one don`t buy it !!
11:50 it is still a thing people need to live. Corporations shouldn’t be allowed to do this.
2025 now much expensive year to buy a house😂
Question 3: price gouging plus trump. But he's a real estate crook, so obvi just price gouging.
I don't know why we don't all just strike on paying rent one month or two.
Question 1 answer: price gouging. In layman's terms.
The first question answered alot. Rental properties made slight upgrades and now think they are luxuries and charge luxury prices.
So we’re screwed basically. Government doesn’t care about us guys, pay attention.
The U.S. housing market is absolutely rotten, and quite honestly, dumb. Other countries have shown for decades people can live decently, i.e. Japan, S. Korea, and grow its military. You can do both, America. Make it make sense.
7:32 also Airbnb encourages expats to balloon non American prices in areas with their American wages. Cheaper long term domestic units versus expensive short-term internationally favorable ones
Maybe millennials could afford a house if they worked more then 3 days a week…
"Places like New York City" circles all of the state except for NYC
I get that corporations are buying up homes but families are doing it too. I have no problems with individuals or families making money through renting out, but I also think there is a limit. When individuals and families buy up homes when other have none, I think it also can be immoral. I dont know when exactly but when individual villify corporation when they are doing pretty much same thing, it's hypocritical.
I hope she does a follow up since it’s been a year and we have an idiot in the White House
If you want affordable housing, move to somewhere with few job opportunities. WV, for instance.
I knew when she used the term "unhoused" that she would be giving us spin on the causes of homelessness.
Why did she say Regina like…. well…
Wages are far under what is needed for the cost of living and it only gets worse every year. Everyone knows that. At least we have hope now with Trump in office.
omg she has a book coming out about a failed smart city project! i can’t wait to read it
we need this amplified to the wider world! capitalisation of housing is a money game with real consequences
The house I am in now was purchased for 120k at 3.5% 30yr principle is 110k total monthly cost 930 a month taxes and pmi included. The same house 10 years later is now about 200k the lowest apr I can see without serious serching is 6.2% monthly cost 1945 I also assume that the calculator is not including the tax and pmi. That is a stark difference in cost and the only changes made are standard maintience and 10 years of time. 3/4 of the houses here have been sold and purchased in the last 5 years so appearently lots of people are willing to pay double for a house I however, am not.
God I just want to build, build build
Housing shouldnt be something you can make a profit on. Thats insane
I think when she mentioned BlackRock at some point of the video, she meant Blackstone (PE firm)
Yeah soo. It's cheaper to pay to completely tear down a building and to pay to start every thing all over then to refab a building… that got to be one of the biggest lies out there.. truth is… there's very little money to gain In refab for renters… why not tear it down and rebuild it for luxury condos… maybe get some tax write offs in the process.
Where in the world are they getting housing right? The south. Kentucky Arkansas those areas. Want to build a house on your land. Go for it. Want to turn your kitchen into a nail salon. Go for it. Code! What code? Have the money and want to build 1000 houses on your land and rent it out? Have fun bro.
Its not quite that east but its pretty close. Wonder why rents in the south are so cheap.
they just rent for a month then squat now
whats the problem?
Solution is to move abroad. Leave the gross USA, take Canada, Europe or Australia instead
A 16-floor high rise made of wood? Are you nuts?
You kidding? BlackRock is a private equity? Are you sure you aren't talking Blackstone?))
50000 houses in London is a very small amount, I doubt it causes any increases really, I mean it's 9 mil population in Greater London alone, and 15 mil in metropolitan area.
Corporations should not be allowed to buy single family dwellings.