Finding the right property at an affordable price is burdening many.

Jump to Last Post 1-3 of 3 discussions (8 posts)
  1. rhamson profile image77
    rhamsonposted 2 years ago

    Here we go folks. in our race to the bottom and the stagnant wages the housing market is now becoming not affordable to many. The next step is trying to make the housing fit the incomes. Maybe we can loosen some of those restrictions and build the houses cheap enough out of cardboard. The market will probably open up to Chinese prefabs that can totally put all the tradesmen out of work. Maybe then we can have a complete service oriented work force. … 05885.html

    1. wilderness profile image97
      wildernessposted 2 years agoin reply to this

      Did you catch the slap on the wrist to lenders?

      "Meanwhile, mortgage lenders, despite record-low rates, are still reluctant to extend credit to less-than-superb borrowers."

      In other words, they need to make more low quality, less secure loans.  Just what caused the recession we finally (mostly) worked our way out of.

    2. wilderness profile image97
      wildernessposted 2 years agoin reply to this

      When I built my second house, I paid $9,000 for a lot to build a $120,000 house on.  The lot was 7% of the package price.  It was in the middle of nowhere, 50 miles from any real city and some 25 miles from a town of 10,000.

      My current house has the lot being shown at very nearly half the cost of the package of lot + house.  In a "bedroom" town of a small city.

      When Krispy Kreme doughnuts built a store about 3 miles from me, on the busiest intersection in the state of Idaho, the purchase price for the land was over $1,000 per square foot!  Something like 40 million per acre, about 10 years ago.  I'm sure it has gone up since then.

      The biggest problem with housing cost isn't the cost of the house - it's the cost of land.  As we cram more and more people into metropolitan areas this is inevitable.  That we are trying to reduce transportation costs and time, pollution, urban sprawl etc. doesn't change that the result is going to be a skyrocketing of land prices.  There is a price for everything, and that's one of them for city living.

      If you want cheaper housing, move to small towns far from the city.  It's still available, where no one wants to live.  If you demand a home in a metropolitan area, well, you're going to have to outbid all the other homeowners that want the same thing.

    3. colorfulone profile image84
      colorfuloneposted 2 years agoin reply to this

      Ownership Assets

      The middle class does not own enough financial assets to have participated in the latest stock market bubble, while the majority did not recover the wealth lost in the housing bubble bust. This is the cost of allowing the financial sector to financialize housing and mortgages in the 2000s.

      There are several interesting graphs to see on this webpage.  You might not like what you see, so be warned if you are trying to keep your blood pressure down.

      I sold my cozy little house about three years ago so that I could move back home to take care for Mom.  I was surprised to see that the property taxes for this year actually when down $40., I was expecting the opposite.

      1. rhamson profile image77
        rhamsonposted 2 years agoin reply to this

        Another disturbing trend is who are buying the used homes in the aftermath of the meltdown. I have noticed the predominant title transfers in our area of Maryland to be banks and investment groups. I find it so ironic that those who were so responsible for being bailed out were not only saved by the taxpayer but are now taking ownership of these homes as well. It is like a one-two punch.

  2. profile image0
    ahorsebackposted 2 years ago

    To tell you the truth , This doesn't bother me as much as  --Always having maintained an excellent credit rating  and watching as ANYONE got mortgage loans ,multiple  new car loans , credit cards , during the ninties and two  thousand ought's !    Lets face it housing , credit , and the big bust in the market was the fault of over extending credit to those undeserving  !     People who just walked away from debt like it was the right thing to do AND STILL weredit to have to pay interest   able to get new loans .  I came up in an age when building ones credit rating  really mattered .   What a scam on those of good credit who  had and have to subsidize  those who cared less !

    1. rhamson profile image77
      rhamsonposted 2 years agoin reply to this

      I agree the bubble was what caused the wholesale devastation to the housing market but what is even more disturbing is the loss of jobs which were a chief employment factor in the economy. With this trend it will be a very long time before the housing industry will come back. We charged too much for the houses and were willing to finance them with equally too much and no equity to show for it. It is true there is still responsible efforts made by people such as yourself but you cannot divorce yourself form the underlying ramifications of the bubble bursting.

  3. psycheskinner profile image83
    psycheskinnerposted 2 years ago

    I bought a property last year and was offered 2-3 times more mortgage than I could realistically service.  I didn't see much reluctance at all.  Fortunately I know how to not bite off more debt than I can manage. But it left me with the impression that the banks are more than ready to make the same mistakes all over again.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)