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America needs to change
how we think about housing

Original Article

Posted By: NorthernDog, 6/15/2021 4:24:53 PM

There is one big thing wrong with the American dream of owning one's own home: the price. Now that the pandemic is easing across much of the country, prices are skyrocketing — just like at the peak of the housing bubble, houses are being snapped up for well over the asking price in a matter of hours. The Case-Shiller home price index saw an annualized growth rate of 13.3 percent in March, the highest figure in more than seven years. All this is a consequence of the American idea, and the goofy system we've constructed to prop it up, that homes


Author omits some of the biggest issues. It's largely liberal policies that artificially inflate new housing costs. Also, new home owners will avoid crime-ridden neighborhoods like the plague. That leaves everyone scrambling to buy only in certain areas. And yes - a house does actually appreciate in value as the neighborhood becomes more appealing compared to elsewhere.

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Reply 1 - Posted by: jimincalif 6/15/2021 4:31:59 PM (No. 816779)
What a mess of an article. the author starts out reasonably well, pointing out some of the government policies that lead to inflated housing prices, but then goes on to prescribe a whole bunch of new government policies to fix the problems government is creating. Rent control? Government-owned housing? "Social housing"? Yeah, what could possibly go wrong?
37 people like this.

Reply 2 - Posted by: itsonlyme 6/15/2021 4:44:22 PM (No. 816797)
Eliminate the mortgage expense deduction? Rent controls? State owned houses and apartments? Another clown masquerading as a "journalist"
39 people like this.

Reply 3 - Posted by: ColonialAmerican1623 6/15/2021 4:52:43 PM (No. 816806)
Joey keeps bringing in thousands of illegals and promises them housing, food, healthcare, and a stipend. Where does he expect to house them if there is a shortage of housing ? Those of us with single family homes will be forced out because of inflation. My homeowners insurance has tripled.
12 people like this.

Reply 4 - Posted by: kono 6/15/2021 4:57:15 PM (No. 816808)
The author's basic assumptions are more like propaganda. The "goofy" system treating home-as-wealth wasn't CONSTRUCTED, it was an organic reality that evolved over time, and was recognized by investment advisers seeking patterns they could incorporate into strategies for growing their and their clients' wealth. Home values have been driven mostly by market forces (supply and demand) and taxes. And his advice sounds like a part of the marxist vision -- no private ownership of homes, only rental or public property allowed.
22 people like this.

Reply 5 - Posted by: zephyrgirl 6/15/2021 5:04:26 PM (No. 816816)
I quit reading when he started talking about green energy improving growth and more government intervention into the housing market. Both told me he didn't have a clue what he was talking about.
25 people like this.

Reply 6 - Posted by: Illinois Mom 6/15/2021 5:07:47 PM (No. 816819)
Government housing blocks for all! We can all be the same, wearing what we are told to wear. Driving what we are allowed to drive, going only where we are allowed to go, etc. We've had a little taste of the "it's for your own good" carpola this past year. Think they'll stop now? Look how many surrendered their rights enthusiastically with Covid. The vehement opposition to School Choice comes from believe that it's "government money" that goes to the schools rather than taxpayer money. Every taxpayer is essentially paying into a "fund" to be used for education. Letting taxpaying parents access that education fund, again, money set aside specifically for education, to send their children to the school that they feel is best for their kids, makes a lot of sense. It's freedom of choice. What would happen if all of a sudden our brilliant elites decide that our Social Security contribution set aside, in theory, for our retirement, really belongs to the government, and you may access it only, if you live in government housing, shop only in government approved stores and not one penny may be put in the collection plate on Sunday? After all they can't be subsidizing religion can they? Losing private home ownership is the long term goal. Chipping away at our freedoms. We will eventually get to the point where it will be a good, and very logical thing to do as we are told. Good bye U.S.A.
14 people like this.

Reply 7 - Posted by: marbles 6/15/2021 5:14:42 PM (No. 816825)
The guy is an over the top Marxist. He obviously hates capitalism unless it benefits him.
19 people like this.

Reply 8 - Posted by: bad-hair 6/15/2021 5:24:23 PM (No. 816833)
OMG !!! I never thought of it like that !!! How could I have been so wrong ? I'm , like, gonna sell my house and go live in a tent on Venice Beach.
11 people like this.

Reply 9 - Posted by: Riley 6/15/2021 5:27:04 PM (No. 816834)
Why can't liberals ever remember that housing projects always fail. Also, renters are worse for neighborhoods than owners. These facts will never change.
18 people like this.

Reply 10 - Posted by: paral04 6/15/2021 5:34:26 PM (No. 816840)
We have had it with Social Housing. The compounds that have been built in the cities are are inhabited by vandals and thieves. Property is destroyed, garbage is lying around, graffiti on the walls and not safe because the people who live there don't care. They have no skin in the game and "The Man" will fix it..
11 people like this.

Reply 11 - Posted by: Vaquero45 6/15/2021 5:49:09 PM (No. 816854)
The author of this article is a socialist moron. Sorry, I repeated myself....
18 people like this.

Reply 12 - Posted by: DVC 6/15/2021 5:50:10 PM (No. 816857)
Uh, NO. I own my homes. Renting is not even a possibility for me. Not ever.
13 people like this.

Reply 13 - Posted by: Salt5792 6/15/2021 5:53:35 PM (No. 816864)
There is no such thing as "affordable housing"
12 people like this.

Reply 14 - Posted by: bogeegolf 6/15/2021 6:10:41 PM (No. 816878)
Same # 5
3 people like this.

Reply 15 - Posted by: secondtimelucky 6/15/2021 6:33:11 PM (No. 816894)
been kind of wondering how long this would take. you KNOW that this is the goal - individual ownership of anything is not a boon to the collective.
6 people like this.

Reply 16 - Posted by: LC Chihuahua 6/15/2021 6:54:25 PM (No. 816916)
Bought my house in 1991 for 69k. I'm now being told it is worth 115k just because people are fleeing the big cities. I have maintained my house, but I have not done any major renovations to justify its increased value. My neighborhood is OK, but its not great. It has crime. it has COVID. It does not make sense prices are going up so much. Here is my theory. My house hasn't gained value. The dollar has lost value. Save your money folks. You are going to need every dollar you got as they lose value.
11 people like this.

Reply 17 - Posted by: MDConservative 6/15/2021 6:59:41 PM (No. 816919)
Americans need to re-think their family values. Not long ago it was common for families to take care of their elderly and "less fortunate" themselves. Many of my boyhood friends had grandparents living in their homes, which were originally owned by the oldsters, and even their parents. It remains that way in many immigrant communities. Today, it's seen as a state problem...too busy...gotta work...too much nauseum.
7 people like this.

Reply 18 - Posted by: Surroundedbyblue 6/15/2021 7:57:22 PM (No. 816951)
We already have “social housing”, it’s called Section 8. There are plenty of housing complexes where the residents are taking advantage of the government programs, and they are a disaster. I’m surprised the Green New Deal isn’t in his prescription to make housing great too....
2 people like this.

Reply 19 - Posted by: Newtsche 6/15/2021 8:02:49 PM (No. 816956)
By "we" Ryan Cooper means you. He lives on a cloud above the fray.
3 people like this.

Reply 20 - Posted by: DVC 6/15/2021 8:05:33 PM (No. 816958)
Somebody needs to keep Mr. Cooper away from keyboards. He is dangerously deranged.
5 people like this.

Reply 21 - Posted by: downnout 6/15/2021 8:37:58 PM (No. 816983)
By all means, let’s get rid of single family homes. Stuff us into hamster-like cubicles stacked on top of one another (Cabrini Green ring any bells?).
7 people like this.

Reply 22 - Posted by: earlybird 6/15/2021 8:54:08 PM (No. 816996)
The price of housing is dictated by the market. the "fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. This Cooper guy is just another Socialist.
5 people like this.

Reply 23 - Posted by: earlybird 6/15/2021 9:00:33 PM (No. 816999)
The Week is a Brit publication with an issue in the U.S. Overall, we rate The Week Left Biased based on story selection that frequently favors the left and strongly left-leaning editorial positions. We also rate them High for factual reporting due to proper sourcing and a reasonable fact check record. Ryan Cooper is a national correspondent at His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.
4 people like this.

Reply 24 - Posted by: Thegranddanny 6/15/2021 9:02:58 PM (No. 817001)
You first Mr. Cooper quit work sell your house give away the proceeds and move onto a housing project.
6 people like this.

Reply 25 - Posted by: columba 6/15/2021 9:45:21 PM (No. 817026)
The illegal Biden regeime prints paper money like it is going out of style and WE are told that WE have to change OUR thinking?
1 person likes this.

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