So basically a room rental. I have one of these. Good landlord. But these spaces are always small. And eventually people will need to expand. Prices are too high to afford anything beyond a room rental for working class. I take home 2400 a month after taxes. With rent prices being $1500 and up, I have to diviide $900 between food and other bills for the next 30 days. It's impossible out here. I'm losing my mind. Exhausting! Thankful for my landlord and for the room. But I have no damn life like this.
When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
The real solutions are: corporate house ownership needs to end. Stop building McMansions. Stop paying so much for a house. If we All just stop paying so much, the price has to fall.
This is treating the symptoms and accommodating the problem. The real cause of rising land prices is the monopolization of land, and the solution is to tax land value instead of taxing productivity. This solution has been advocated by almost all of the classical liberals and libertarians prior to Hayek, Rothbard, Rand and Mises.
@@matsal3211, The Faircloth amendment is largely irrelevant. Public housing does not make housing cheaper overall, because it just robs taxpayers to make expensive public housing seem cheaper.
I'm a Realtor. Companies like these already exist. The issue isn't acceptability to rent a damn room. The issue is that an average family in America can't afford a home. I shouldn't have to count on a stranger renting a room from me and being around my little kids in order to afford basic shelter. What needs to happen is limit the number of investment properties a person can own. Lower downpayment percentages. Significantly tax vacant land. Provide lower interest rates for first time home buyers or buyers that are moving into a primary residence.
If you want to reduce the cost of housing, remove real estate brokers from the process. The real estate industry has been harboring and enabling real estate investors forever. And, they're an unnecessary expense in this day in age. There's literally no reason or legal requirement for using a real estate agent. So heartened by the recent class actions against NAR and other industry players. Finally someone standing up to a corrupt industry, in the US anyway, that has grown fat fueling the boom bust real estate cycles and contributing to the affordability crisis.
Americans can't but Chinese people buying houses in Palo Alto that they don't even live in. We sell property to foreign investors while we have a homeless problem smh looking dumb af.
I think the financialization of housing is the starting point on the problem. We need to stop making them an investment as opposed to a necessity. Somehow get institutional investors out of buying houses and leaving them empty.
How do we ensure that this splitting of houses can be safe and effective for all who reside there? That people are appropriately matched with housemates?
We need to build more smaller houses, under 2000 sq ft, houses which can be "starter" homes. Houses persons can truly own, none telling them what to do, no HOA.
The issue is that we Americans have to capitalize on everything! Why do we have to capitalize on basic necessities like food water and shelter. Basic necessities should not be capitalized on.
Get Hedge fund companies to stop buying homes as investments and let them be owned by people. But this is also a great idea.... Facebook is going to copy this. Keep it up Mr. Yang.
That makes government the middle man. Government is the worst in terms of cost-to-benefit ratios. If you tax land values, and take away the exemptions for speculators, people will build their own housing, and it will cost a lot less than it costs today.
@@SavingCommunitiesDS us relying on the market for the pass 2 decades have resulted in nothing. So much so that NY progressives are pushing for a social housing authority. I rather have government that won’t operate in the name of profits unlike realtors and capital institutions
@@matsal3211, property tax is a good place to start, but it should replace other taxes as well. The United States economy was far more dynamic when there were no income or sales taxes, and most of the revenue came from local property taxes.
There should be a law about square footage and windows per person, but not about how many people to put in a "unit". How many houses have unused kitchens?
With all due respect to your guest and no doubt he is doing his part in finding a solution and understanding the nature of the problem, but I feel like given the scope and danger of the problem, is there not a bigger person/project tackling this issue?
I’ve lived like that for the last 11 years. Issue is that people that have that kind of authority over you will ALWAYS try to leverage it over you. It would be one way to understand you have to take a bad deal but it’s another when you can’t escape them without losing shelter. I’m not an attractive woman nor some kind of obnoxious stoner loser. There’s no reason for people to take advantage of me other than their own opportunism. It still happens with complete certainty. This is why I have no sympathy for and no faith for this country or society. It’s not just the rich, everyone with means is too focused on getting everything they can.
@@danielmejorado6098 thanks for your concern. It’s particularly bad because it’s my immediate and extended family mostly. I’m almost 30 and all I’ve done in my life is subsidize my own families living expenses while suffering their criticism for why I haven’t accomplished anything. I so desperately want to run to the Northpole and freeze to escape this malignant shame. It’s unbearable.
The key? WHO has all of the empty houses sitting vacant? BOOMERS. It’s time for a 50%+ tax on second and third properties to influence a huge sell off and collapse of real estate prices
@@everythingisfine9988 And yet we as a society treat squatters like shi” even though these home owners are sitting on the land investment property hoping to make a profit out of it while people are in the streets without a roof over their heads.
This is a good practical idea, although not the ideal one that people wish for. It is obnoxious to think of all the wasted space, while so many are constantly fighting with homelessness, or paying way too high a percentage of their income for housing. Just an aside, my wife and I rented an empty room to co-workers of hers who couldn't afford housing in the area at the time. It wasn't perfect, but in many ways it worked better then we expected.
I would rather tax policy change such that owning more than 1 residential property incurs a significant tax burden. Real estate investors need to be encouraged to divest.
Why do the major parties not put out videos like this? I’m more familiar with what Andrew thinks on issues than I am my “progressive” rep in the house.
How about putting a stop to corporations buying up houses and apartments only to jack up the rent? Everything in this country is built to cater towards corporations like people don’t matter. The focus needs to go more towards the needs of people rather than benefiting the greedy.
Building millions of homes globally using bamboo, hempcrete, and wood will remove carbon from our atmosphere and lock it up in housing for hundreds of years ending climate change. I would like to see more building in drought areas as it is now cheaper to get our water directly from the sea using desalination.
It is a little frustrating when they talk about the solve as, do people really need a single family home or just reduce space per person but that is dodging the issue of cost per sqft going crazy. Is there just a consession that that issue is not something that can be improved?
There needs to be a regulatory body that ensures and enforces that the proper repairs and investments are made. Too many slum lords with "affordable" but barely habitable housings
@@ImmortalAmbitions sure. i was thinking about evictions of people in need. including eviction threats/stress that harm people’s health, elderly people, ect
@nutmegriot209 I agree. The predatory practices that especially prey upon those who cannot afford legal representation, is most atrocious. My friend has been looking for a new house for her and the 2 grandkids she is raising; as the one she has inhabited for the last 6 years, is RIDDLED with mold. But finding housing that is in any half decent neighborhood AND accepts HUD is an especially difficult find.... Her newest landlord (one of the 4 from the past 6 years) is trying to pressure her and the neighbor to move out in May/June, despite the prior lease being set for renting in October.... What on earth makes him think she can find a house in that sort of time given the fact that she's been looking for over two years to get out of that house.....?!!
@@nutmegriot209 Additionally a regulatory body as I previously mentioned, Could be utilized to ensure that proper procedures were taken as well as ensuring that the judges hearing the cases are not active friends with the landlords of the home in the cases that they are hearing. That is how my sister became homeless, The judge was Facebook friends with the landlord and refuse to even review.My sister's evidence against what the landlord was claiming.
@@ImmortalAmbitions that’s horrible. Thats what happened to my friend. The landlord wanted him out & now he’s dead. He was older, he needed financial help. The landlord is already renovating the apt & looking for a new tenant to capitalize on the investment. Theres no care for human life & no repercussions. It’s a nice neighborhood, that’s part of the problem, but the building is old and probably has mold itself. It smells funny. I’m sorry that’s happening to your friend. Mold like that is harmful also
Zeihan forecasts that the lack of housing will only be a limited, 10 yr trend, but obviously ppl are getting crushed in the meantime. I'm a broke-ass, in my early 30's. Why I can no haz house, America?
Speaking of NIMBY 18:40 I thought he was going to say, it'sa relatively recent assumption that a working clase demographic automatically correlates with an inmoral or dysfunctional lifestyle that degrades local property value. But maybe that is just where my head is at. Most working class folks, especially when not surviving the trauma of intersectional racism or criminalized poverty (re: predatory leading, cash bail, addiction arrest instead of treatment) are some of the most honest, hard-working and generous people I know. I continue to be shocked when I work with rich people, who have the most unused cash to spare, acting the most miserly. Who says I want THEM in MY backyard?
Not all rich people of course. ❤ Same as feminism needs male allies, and anti-racism is a job white people need to embrace in order to create equality, we need wealthy people on board in order to successfully eliminate poverty. If we evolved mentally and socially, just a tiny bit, we could knock it out like THAT. There' would be unexpected downstream effects, but we can handle it.
It's a good point, freedom of association is in the Constitution. We should be able to live with any law abiding citizens with zero government interference
The key to cheaper housing is to get institutional investors out of the market. The US has turned into a banana republic. You know, where a few rich own everything and the masses live in cardboard boxes. Restriction: Single family homes. A person/family unit/institution is allowed to own three single family homes max. The problem with the housing market is that institutional buyers/the rich have destroyed the market with their obscene amounts of money that regular folks can't compete with. Restriction: A person/family unit/institution is allowed to own three rental homes/complexes max. In a housing crisis. Need to get the monopolistic practices of institutional landlords ended. Once the housing and rental markets have been placed in the hands of the public, where they belong, you can consider loosening the restrictions a bit. But, first things first, the housing market must serve the public, not the other way around.
This is flawed in the fact that it is conflating living conditions of the past with a high standard and/or quality of life. Assuming that because people used to live in spaces with less square footage than the average today. So we can just go back to that is like suggesting that we used to live without air conditioning so why dont we go back to that (Its not a perfect example). Its like saying, "we used to bunk up and sleep head to toes 4 in a room. And then work 72 hours a week. And we were happy to get a drink from the water hose. Why dont we go back to that?"
21:33 (For the Idealog) Universal Basic Income UBI presents a solution where money is increased to solve people problems. UBI enables people to elevate themselves in the Mazlow's heirarchy of needs!!!
I hate this proposed solution. Because it ignores that what he's proposing is basically what renting an apartment is. I mean, that's essentially the same thing. But the fact that he keeps bringing up Abe Lincoln renting a room in the 1830s (damn near 200 years ago), so why dont we go back to it: its a a huge difference. Ive lived in some tiny places with my parents and 6 siblings. And im telling you, this is not the win this guy is touting it as. Look at inmates. Technically, a human can survive in a 9'x12' concrete room. But keeping people in small spaces like this leads to all kinds of problems. And Ohana means family.
This is one of the worst ideas to address America's housing crises I've heard so far. There are already numerous platforms where rooms for rent are listed. Living in a room for rent is unpopular because it's a shitty way to live.
So basically a room rental. I have one of these. Good landlord. But these spaces are always small. And eventually people will need to expand. Prices are too high to afford anything beyond a room rental for working class. I take home 2400 a month after taxes. With rent prices being $1500 and up, I have to diviide $900 between food and other bills for the next 30 days. It's impossible out here. I'm losing my mind. Exhausting! Thankful for my landlord and for the room. But I have no damn life like this.
When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
The real solutions are: corporate house ownership needs to end. Stop building McMansions. Stop paying so much for a house. If we All just stop paying so much, the price has to fall.
This is treating the symptoms and accommodating the problem. The real cause of rising land prices is the monopolization of land, and the solution is to tax land value instead of taxing productivity. This solution has been advocated by almost all of the classical liberals and libertarians prior to Hayek, Rothbard, Rand and Mises.
And repeal the Faircloth amendment
@@matsal3211, The Faircloth amendment is largely irrelevant. Public housing does not make housing cheaper overall, because it just robs taxpayers to make expensive public housing seem cheaper.
I'm a Realtor. Companies like these already exist. The issue isn't acceptability to rent a damn room. The issue is that an average family in America can't afford a home.
I shouldn't have to count on a stranger renting a room from me and being around my little kids in order to afford basic shelter.
What needs to happen is limit the number of investment properties a person can own. Lower downpayment percentages. Significantly tax vacant land.
Provide lower interest rates for first time home buyers or buyers that are moving into a primary residence.
Nah, just make housing a right, this capital investment in housing is a factor on why we as a society lack affordable housing
If you want to reduce the cost of housing, remove real estate brokers from the process. The real estate industry has been harboring and enabling real estate investors forever. And, they're an unnecessary expense in this day in age. There's literally no reason or legal requirement for using a real estate agent. So heartened by the recent class actions against NAR and other industry players. Finally someone standing up to a corrupt industry, in the US anyway, that has grown fat fueling the boom bust real estate cycles and contributing to the affordability crisis.
@@bille9243 base
Americans can't but Chinese people buying houses in Palo Alto that they don't even live in.
We sell property to foreign investors while we have a homeless problem smh looking dumb af.
Amen! Thank you!!!’
I think the financialization of housing is the starting point on the problem. We need to stop making them an investment as opposed to a necessity. Somehow get institutional investors out of buying houses and leaving them empty.
How do we ensure that this splitting of houses can be safe and effective for all who reside there?
That people are appropriately matched with housemates?
We need to build more smaller houses, under 2000 sq ft, houses which can be "starter" homes. Houses persons can truly own, none telling them what to do, no HOA.
like in the 1950’s after the war when a bunch of ranch houses were built
Some people get along with friends better than generational members of their own family.
The issue is that we Americans have to capitalize on everything! Why do we have to capitalize on basic necessities like food water and shelter. Basic necessities should not be capitalized on.
This is why the forward party is fake: they will never have the guts to say that “housing should be right, should be a public good”
Vote progressives
Because everything takes capital and labor. That's like complaining why everything is "laborized"
Get Hedge fund companies to stop buying homes as investments and let them be owned by people. But this is also a great idea.... Facebook is going to copy this. Keep it up Mr. Yang.
Taxing land value does that simply and elegantly, while saving money for most home owners.
HOW DID I NOT KNOW YANG HAD A PODCAST?
you want to fix housing, then repeal the faircloth amendment and build more housing. No more middle man.
That makes government the middle man. Government is the worst in terms of cost-to-benefit ratios. If you tax land values, and take away the exemptions for speculators, people will build their own housing, and it will cost a lot less than it costs today.
@@SavingCommunitiesDS us relying on the market for the pass 2 decades have resulted in nothing. So much so that NY progressives are pushing for a social housing authority. I rather have government that won’t operate in the name of profits unlike realtors and capital institutions
@@SavingCommunitiesDS but don’t get me wrong. I support a land value tax to replace property taxes
@@matsal3211, property tax is a good place to start, but it should replace other taxes as well. The United States economy was far more dynamic when there were no income or sales taxes, and most of the revenue came from local property taxes.
@@SavingCommunitiesDS that’s a lie. We had economic growth when we had a 90% tax rate. Thank you Eisenhower for seeing that taxing the rich works.
There should be a law about square footage and windows per person, but not about how many people to put in a "unit". How many houses have unused kitchens?
Atticus: "We've come away from renting out rooms to strangers, especially since sub-urbanization"
Me: "and Charles Manson"
With all due respect to your guest and no doubt he is doing his part in finding a solution and understanding the nature of the problem, but I feel like given the scope and danger of the problem, is there not a bigger person/project tackling this issue?
I’ve lived like that for the last 11 years. Issue is that people that have that kind of authority over you will ALWAYS try to leverage it over you. It would be one way to understand you have to take a bad deal but it’s another when you can’t escape them without losing shelter.
I’m not an attractive woman nor some kind of obnoxious stoner loser. There’s no reason for people to take advantage of me other than their own opportunism. It still happens with complete certainty. This is why I have no sympathy for and no faith for this country or society. It’s not just the rich, everyone with means is too focused on getting everything they can.
Sucks that you're in that kind of situation. Especially when it feels like your situation is being weaponized against you to keep you stuck.
@@danielmejorado6098 thanks for your concern. It’s particularly bad because it’s my immediate and extended family mostly. I’m almost 30 and all I’ve done in my life is subsidize my own families living expenses while suffering their criticism for why I haven’t accomplished anything. I so desperately want to run to the Northpole and freeze to escape this malignant shame. It’s unbearable.
The key? WHO has all of the empty houses sitting vacant? BOOMERS. It’s time for a 50%+ tax on second and third properties to influence a huge sell off and collapse of real estate prices
That could work. Empty houses just sit there helping nobody
@@sulljoh1 helps squatters.. the neighbor NOBODY wants
@@everythingisfine9988 And yet we as a society treat squatters like shi” even though these home owners are sitting on the land investment property hoping to make a profit out of it while people are in the streets without a roof over their heads.
This is a good practical idea, although not the ideal one that people wish for. It is obnoxious to think of all the wasted space, while so many are constantly fighting with homelessness, or paying way too high a percentage of their income for housing. Just an aside, my wife and I rented an empty room to co-workers of hers who couldn't afford housing in the area at the time. It wasn't perfect, but in many ways it worked better then we expected.
Am I missing something? Renting out rooms and renting out houses? 😂 ummm, wow nobody ever thought of that! Christ….what an original idea.
I would rather tax policy change such that owning more than 1 residential property incurs a significant tax burden. Real estate investors need to be encouraged to divest.
Why do the major parties not put out videos like this? I’m more familiar with what Andrew thinks on issues than I am my “progressive” rep in the house.
This reminds me of “Budget Suites”
How about putting a stop to corporations buying up houses and apartments only to jack up the rent? Everything in this country is built to cater towards corporations like people don’t matter. The focus needs to go more towards the needs of people rather than benefiting the greedy.
Building millions of homes globally using bamboo, hempcrete, and wood will remove carbon from our atmosphere and lock it up in housing for hundreds of years ending climate change. I would like to see more building in drought areas as it is now cheaper to get our water directly from the sea using desalination.
It is a little frustrating when they talk about the solve as, do people really need a single family home or just reduce space per person but that is dodging the issue of cost per sqft going crazy. Is there just a consession that that issue is not something that can be improved?
Some landlords should be arrested
There needs to be a regulatory body that ensures and enforces that the proper repairs and investments are made. Too many slum lords with "affordable" but barely habitable housings
@@ImmortalAmbitions sure. i was thinking about evictions of people in need. including eviction threats/stress that harm people’s health, elderly people, ect
@nutmegriot209 I agree. The predatory practices that especially prey upon those who cannot afford legal representation, is most atrocious. My friend has been looking for a new house for her and the 2 grandkids she is raising; as the one she has inhabited for the last 6 years, is RIDDLED with mold. But finding housing that is in any half decent neighborhood AND accepts HUD is an especially difficult find....
Her newest landlord (one of the 4 from the past 6 years) is trying to pressure her and the neighbor to move out in May/June, despite the prior lease being set for renting in October....
What on earth makes him think she can find a house in that sort of time given the fact that she's been looking for over two years to get out of that house.....?!!
@@nutmegriot209 Additionally a regulatory body as I previously mentioned, Could be utilized to ensure that proper procedures were taken as well as ensuring that the judges hearing the cases are not active friends with the landlords of the home in the cases that they are hearing. That is how my sister became homeless, The judge was Facebook friends with the landlord and refuse to even review.My sister's evidence against what the landlord was claiming.
@@ImmortalAmbitions that’s horrible. Thats what happened to my friend. The landlord wanted him out & now he’s dead. He was older, he needed financial help. The landlord is already renovating the apt & looking for a new tenant to capitalize on the investment. Theres no care for human life & no repercussions. It’s a nice neighborhood, that’s part of the problem, but the building is old and probably has mold itself. It smells funny. I’m sorry that’s happening to your friend. Mold like that is harmful also
Americans seem to hate communism or socialism but yet advocate for something similar as long as it is not called as such. Make up your mind.
Zeihan forecasts that the lack of housing will only be a limited, 10 yr trend, but obviously ppl are getting crushed in the meantime. I'm a broke-ass, in my early 30's. Why I can no haz house, America?
Speaking of NIMBY
18:40
I thought he was going to say, it'sa relatively recent assumption that a working clase demographic automatically correlates with an inmoral or dysfunctional lifestyle that degrades local property value. But maybe that is just where my head is at.
Most working class folks, especially when not surviving the trauma of intersectional racism or criminalized poverty (re: predatory leading, cash bail, addiction arrest instead of treatment) are some of the most honest, hard-working and generous people I know. I continue to be shocked when I work with rich people, who have the most unused cash to spare, acting the most miserly. Who says I want THEM in MY backyard?
Not all rich people of course. ❤ Same as feminism needs male allies, and anti-racism is a job white people need to embrace in order to create equality, we need wealthy people on board in order to successfully eliminate poverty. If we evolved mentally and socially, just a tiny bit, we could knock it out like THAT. There' would be unexpected downstream effects, but we can handle it.
It's a good point, freedom of association is in the Constitution. We should be able to live with any law abiding citizens with zero government interference
craigslist still exists, doesn't it?
No offense, but did you listen to the podcast? I think he addressed that.
People aren't living in the same location as long as they once did.
The key to cheaper housing is to get institutional investors out of the market.
The US has turned into a banana republic. You know, where a few rich own everything and the masses live in cardboard boxes.
Restriction: Single family homes. A person/family unit/institution is allowed to own three single family homes max. The problem with the housing market is that institutional buyers/the rich have destroyed the market with their obscene amounts of money that regular folks can't compete with.
Restriction: A person/family unit/institution is allowed to own three rental homes/complexes max.
In a housing crisis. Need to get the monopolistic practices of institutional landlords ended.
Once the housing and rental markets have been placed in the hands of the public, where they belong, you can consider loosening the restrictions a bit. But, first things first, the housing market must serve the public, not the other way around.
never did I hear zoning, permitting, and parking lot reforms to build more afdordable housing in this conversation
Timely subject and an informative interview. The new American dream? To leave the country.
This is flawed in the fact that it is conflating living conditions of the past with a high standard and/or quality of life.
Assuming that because people used to live in spaces with less square footage than the average today. So we can just go back to that is like suggesting that we used to live without air conditioning so why dont we go back to that (Its not a perfect example).
Its like saying, "we used to bunk up and sleep head to toes 4 in a room. And then work 72 hours a week. And we were happy to get a drink from the water hose. Why dont we go back to that?"
21:33 (For the Idealog) Universal Basic Income UBI presents a solution where money is increased to solve people problems. UBI enables people to elevate themselves in the Mazlow's heirarchy of needs!!!
I hate this proposed solution. Because it ignores that what he's proposing is basically what renting an apartment is.
I mean, that's essentially the same thing.
But the fact that he keeps bringing up Abe Lincoln renting a room in the 1830s (damn near 200 years ago), so why dont we go back to it: its a a huge difference.
Ive lived in some tiny places with my parents and 6 siblings.
And im telling you, this is not the win this guy is touting it as.
Look at inmates. Technically, a human can survive in a 9'x12' concrete room. But keeping people in small spaces like this leads to all kinds of problems.
And Ohana means family.
He invented a marketplace for housemates?
This is one of the worst ideas to address America's housing crises I've heard so far. There are already numerous platforms where rooms for rent are listed. Living in a room for rent is unpopular because it's a shitty way to live.
What about families? $800/person is not sustainable either. C'mon Andrew, do math again.
Speculating on necessities like water, food, and residential properties should be banned
So he’s a middleman for house hacking?
Yang for President 2024
LOL
Hahaha is this a joke??
I hope so.