Können Häuser erschwinglich werden, ohne dass die Preise sinken?
https://www.missingmiddleinitiative.ca/p/can-homes-become-affordable-again
Können Häuser erschwinglich werden, ohne dass die Preise sinken?
https://www.missingmiddleinitiative.ca/p/can-homes-become-affordable-again
8 Kommentare
Not if you don’t want the prices of everything else to skyrocket. I’ll post my comment from another thread:
>“Housing affordability“ is 30% of gross household income. Average home price in Canada is hovering around $700K right now. That would mean we would need to get average household income to $210K for that price to be considered „affordable“. Current HH Income in Canada is around $92K.
>Now imagine what happens if wages raise as much as we need them to. Imagine the impact on prices. Imagine trying to attract investment to Canada. Who is going to want to open shop in Canada when wages are way more inflated than elsewhere in the world?
Housing prices coming down will hurt, no doubt about that. But the alternative can have pretty massive consequences on our economy. We care so much about retirees apparently, how are they going to afford grocery prices doubling or tripling? If their home values decrease, they still have a home.
If building codes are relaxed and cheaper materials are used, it could technically allow for the construction of many new homes while preserving the value of existing houses that were built to higher standards, as they would remain more desirable by comparison.
That’s a terrible idea though . People want affordable family homes not cardboard boxes to live in.
Unless they are talking about better wages , which technically would make houses more affordable
Housing can become cheaper…but affordable? Fck no! Current prices are so fcking detached from the reality of incomes…
I don’t really see housing becoming affordable on average until people start exiting major cities and moving to more affordable locations. People are continuing to live in places with sky-high costs and low wages.
Yes but wages would have to like, quadruple without any of that causing any impacts to the housing market. So no.
Well, „affordability“ is not simply related to the price of something. It’s also related to your capacity of paying for that price which itself is based on many different factors. The first is, of course, your income, but there’s also governmental credits and legislations that can help in that matter.
The biggest obstacle, as many first-home wannabe-owner indicates is the down-payment and not necessarily the total price. If someone has a good credit score, they can often get a mortgage but the down-payment is the real bottleneck.
If some governmental programs, policies, and legislations can help removing that barrier (or lessen it), then it will have a domino effect and make house purchasing more „affordable“.
So the answer is yes, houses can become more affordable without dropping in price.
„Can Homes Become Affordable Without Prices Going Down?“
Not really, but if you concentrate on building most of those new homes in smaller, less developed cities and towns, then you can preserve current home prices in the choicest areas while at the same time offering housing in the least attractive places.
if there’s enough housing and it’s not being sucked up by investment. Price should go down or remain constant while salaries increase.