Comments by "spacetoast7" (@spacetoast7783) on "How Money Works" channel.

  1. Yeah this video was trash
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  2. Daily reminder that 75% of Americans own their homes.
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  3. Not even. It favors structures that protect homeowners from competition.
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  4. ​ @Stroopwafel76 yes
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  5. Just be aware that you're standing against 75% of Americans.
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  6. That's 75% of Americans yeah
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  7. Luxury is a marketing term, and it's not the main driver of costs. The main driver is land.
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  8. Prediction before watching: Betteridge's Law of Headlines applies.
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  9. I guess I'll assume I was right, since the video didn't address the question whatsoever. I can't believe I wasted so much time watching this.
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  10. Damn, no wonder your housing market is so fucked. You guys need to get that changed!
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  11. ​@daspeed198 Do you think the investors don't care about renting our or selling their investments????
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  12. ​ @tommysalami420 Why do you hate students, interns, young professionals, the elderly, and other people who don't want to live in one place for a long time?
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  13. How do you decide who gets to live in it then? In every major metro, there are fewer homes than people who want to live in them.
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  14. Rent and mortgage always have been and always will be close in price. If one was way cheaper, everyone would try to get into that until prices equalize again.
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  15. It's not fake. Show me the cities with 15% vacancy and high housing costs.
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  16. Greed + democracy yeah
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  17. That's why SFHs cost more yeah. They're a major luxury.
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  18. Because they have even more constraints than private developers. They still have to bid on land. They still have to conform to zoning laws.
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  19. That's Americans for you. They want their home to infinitely appreciate with zero competition or effort.
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  20. Land is the expensive part in major US cities, not construction.
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  21. Well yeah. A SFH is a major luxury and that's why they cost way more than condos and apartments.
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  22. I guess at least they have features that non-luxury apartments don't have, like security and parking.
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  23. There aren't huge swathes of empty buildings in close proximity to huge swathes of homeless people.
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  24. The middle class?
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  25. It's part of the culture.
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  26. This is 90% of the problem and nobody wants to admit it.
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  27. ​ @IvanAkinfiev  for what cause?
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  28. Rent and mortgage always have been and always will be close in price. If one was way cheaper, everyone would try to get into that until prices equalize again.
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  29. Good luck telling Americans they can't sell their houses for a profit.
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  30. Americans make way more than $16/hr lol. They have higher discretionary income than any other country in the OECD.
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  31. What are you, some kind of commie? /s
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  32. They probably just don't want to waste time working with someone who's putting in hopeless offers all the time.
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  33. ​ @darkwing3713  If someone's willing to pay a price, then that's the market price.
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