Comments by "Kong" (@Koushi82) on "Priced Out: The Bay Area Housing Struggle" video.

  1. houses can be made for less than 100k. the house value itself is not the value of the house. but it is the value of the LOCATION of the property itself that is valuable. also the only way to lower prices of rent and housing is by making the prices crash. meaning recession. The 0% interest rates needs to go up and crash the markets further. Living like this is really bad for the children. I grew up in NYC so its basically the same thing and worse. Kids cannot move out at 18 because everything is so expensive and they need to win the lottery to be able to move out and find a life of their own. Going to college is impossible because family doesn't have savings and they would need to borrow money if you dont wanna borrow? Tough you will never go to college then or live at home and have menial jobs until you win the lottery. Best thing live in your car and then save rent money until you can afford to buy DO NOT RENT FOR 5000+ not worth it at all. Live close by and sleep in your car if you are single. Like we say tiny homes are not even the problem. Location itself makes it priced higher. Property owners will drive it up if possible not lower increase property taxes to market price and if it is vacant make it even higher lets see what happens. Make property owners eg speculators bankrupt and make them sell/rent out cheap is the answer. notice they said they wanna flip the house not live in the house. INCREASE PROPERTY TAXES LOWER INCOME TAXES TEXAS has it right where income tax = 0% property tax = high. CALIFORNIA? NOPE they suck as far as economic policy goes. Completely relying on higher property values are not good. California government = greedy not trying to solve problems Increase supply is best deregulate the zones.
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