Quote:
Originally Posted by Descant
"low cost" housing like we did in the 70's is a staring point, but over time these houses get a second story added or other additions and it is no longer low cost to buy for entry level families.
We have mortgage programs for veterans. Why not make it rental assistance? I'm happy to help veterans. And getting more people to be veterans with recently increased service ages and maybe expanded reserve programs? If colleges can have ROTC then community colleges could have similar programs for welders and truck drivers and other trades that are in short supply. And nobody comes out of a CC with $50K in student loans that stifle financial advancement.
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It is less about financing than availability of product. A 5% vacancy in long term rentals is considered the norm... and a healthy supply of homes for sale should be about six months of inventory - Roche has us around 1.4
Lots of people have complained that the builders are not constructing affordable homes rather than higher end homes... but they really aren't doing any speculative homes at this time - only homes that the buyer has contracted to be built and is willing to wait for the contractor to have time to complete.
If someone contracted for an affordable home, the builder constructs it.