About 46% of renters in the U.S. are struggling to make ends meet, according to Harvard University researchers. Builders say conditions for renters will get worse before they get better. A snarled supply chain, a labor shortage, and rising interest rates are worsening what some call a “throwaway” development pattern. Several real estate industry experts have ideas about how to make housing more attainable. Some of the most popular ideas include mixed-use districts and master-planned communities.
Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better.
U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing up prices for consumers, and catching the attention of leaders.
“The most immediate challenge is a lack of lumber and other kinds of building materials,” says Rob Dietz, chief economist at the National Association of Home Builders. “The other challenge, and it’s one that’s going to be with us for some time, is a lack of skilled labor.“
Architects say better planning could ease cost burdens while shoring up public health.
“Suburban retrofitting has the potential to transform people’s lives,” said June Williamson, dean of architecture at City College of New York.
The Mosaic District of Fairfax, Virginia, is among the many “retrofitted” mixed-use districts and master-planned communities that have attracted major developers to the concept.
Correction (04/06/22): At 0:36 and 9:08, a previous version of this video misidentified June Williamson. She is chair at the school of architecture at the City College of New York.
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How To Make The Suburbs More Affordable
source
VRAU.bani CHES 990.BILLION. BILLION./£/DATA.30.APRIL.2023
Great to see CNBC pump up Blackrock in this fluff piece on solutions. Always be nice to your shareholders at Comcast.
Lmao nice spin on Blackrock.
Lol. I just saw this video. Its a year old. Since then, in this state, homes in the suburbs increased in value. Some by as much as $100,000. Thought this video was going talk about cheaper suburbs?
@1:30 "We know that the laws of supply and demand drive housing prices." How about reducing the demand side of the equation. Reduce legal and illegal immigration.
Idk why younger people think even a majority of millenials want to move to the dense city. I think it's good to have nice cities and good transit, but in reality a majority of millenials still want to live in Suburbs
Unfortunately I like the idea of walkable neighborhoods but it’s dangerous people letting dogs loose, violent people and not to mention dumb drivers.
Stop printing money. Increase interest rates. Shut up nimbys.
Govt needs to step in to create affording housing. Perhaps give tax breaks (maybe even subsidies) to developers that build starter homes. Cut red tape and give preferential treatment to starter home building projects. Govt need to give more incentives to builders to steer them to building more starter homes. Lastly, but most importantly, disallow investors from buying these starter homes.
The capitalist economics ofcourse will come in conflict with majority,decisive being proletariat for fundamental needs and shifting the economics back to fundamental needs only as Engels rightly said "abolition of anti thesis between town and village is utopia just like abolition of anti thesis between capitalist and wage workers"
People complain to much.
There’s no such thing as building affordable housing in the US. Any new construction cost for any development is so high that it being affordable to middle income earners is no longer the case. Homelessness will get worse.
City idiots want to make housing affordable but don’t understand that their policies on zoning and building code make housing unaffordable. City and government workers have no idea on basic economics.
Mixed use neighbors are the sustainable, poor friendly, walkable places we need. It’s amazing to me that we go on vacation to great world cities, like Berlin, Paris, Hong Kong, Tokyo, and Buenos Aires and wonder at the public transportation, beauty of the buildings, and liveliness of any random street. Then we come home to single family homes in a cul-de-sac, drive to a single big box store with a massive parking lot, and drive to and from work. And for some reason we put up with it.
I would love to live in a small apartment surrounded by shops and restaurants and coffee houses etc, live in the middle of it all 😎🍹❤️
So, because city dwellers are deciding they want to leave cities, we now need to take suburbs and turn them into redesigned cities forcing the people in suburbs to move farther out. got it
Mixed use housing let's single people and couples live comfortably and sustainably before they are ready to buy a single family home, if they want to at all. it's disgusting that this country builds so much ugly single family housing dependent on traffic inducing car culture. affordable middle density housing is essential. people want to be free in this country, capitalism has made it an unfree, debt sustained shithole where corporations have the final say.
“We just rediscovered this way of organizing cities that every city in human history used for 10,000 years until the mid 20th century”
Suburbs can be made more affordable by companies increasing their workers wages.
In my country you must be extremely poor to live in a wooden house.
I personally believe this is all smoke and mirrors. If you look at a voting map, you'll notice that densely packed cities are blue while the surrounding state is red. The theory is if you pack all
Americans like sardines, this will become a Democratic Party utopia. Everyone should enjoy the luxury of living in the suburbs, within short driving distance of a good, parklike shopping area.
We Americans love our spaces. We don’t like to have people around too close, especially above or below where we dwell. Don’t even get me started with foot traffic we d get from shops and restaurants. We love single family houses on a big lot with fenced in yard.
We will all be driving Tesla or equivalent EV pretty soon.. if that makes those who worry about pollution feel better…
The suburbs usually are more affordable than the big cities but more entry level housing for sale needs to be built. I get that single dwelling buildings aren't profitable after the cost of permits… fine. How about some of those 700 sq ft units that are being built everywhere be offered for sale instead of just leasing?
I love living in the suburbs I lived in Chicago which is garbage crime ridden horrible schools . I love living in a rural suburb outside of Illinois and I love knowing that the average Joe can’t afford my neighborhood which keeps out the low rent people lol 😂
10:24 is that my moms car? Where and when was that flimed
Neighborhoods should never be segrated. It should stay mixed/multicultural. We should have a little bit of everyone and participate in everyone's culture, people will be much happier to live in their neighborhoods. People would not feel afraid & the neighborhoods would not be run down, we would not trash our neighborhoods we would love & respect it and have pride in where we live because we would all be on one accord and fight to keep each other happy & getting along. I love to see all colors of people in my neighborhood and community. It makes me happy ☺
https://m.youtube.com/watch?v=E6Ugz5mB_0M
Houses going up up up.
But nobody want to live in suburbia and it’s all falling apart.
Yeah
I know this is a difficult concept to master and is on the Cutting Edge ~
“ The only constant is change ! “.
Amazon changed the mall and strip mall.
Who knew that was coming in 1995.
( Hint ~ DARPA and the CIA ).
All the Folks on the inside.
These guys ~ in part – are experts ?
Lol
Some of the stuff they say is complete crap.
BUILD. MORE. HOUSES. cut the fat. 12 minutes long…? The message is literally 45 seconds… 😂😂😂😂
You can't build a 20 yr old apt building. But what you can do is drop the marble counters, higher end appliances, and the cost may actually come more affordable.
i think part of the problem is suburbs werent meant or designed to be affordable.. they are there to distinguish the middle and upper classes from the undesirables and peasants living in the slums. or at least thats the unconscious attitude lots of people living in the suburbs hold.. they can pay what it costs to live there because they are better and can afford it. even if affording it means maxing out all available lines of credit and being in massive amounts of debt for the majority of their entire lives, at least they kept with the Jones, lived in that exclusive zip code and got their slice of the America dream that they deserved..
keep buying and investing in stocks or crypto,soon Bitcoin will hit $100,000
build more town houses
In other words, urban sprawl.
I get that we need more housing but giant 500 home cookie-cutter developments where every house looks identical and is squeezed onto a tiny lot are soul-crushing.
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