Author Topic: "Almost half of US families can't afford basics like rent and food" - CNN  (Read 15957 times)

DreamFIRE

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Those damn poor people, why don't they get better jobs/move/not breed?  /sarcasm

I don't see the sarcasm with that.  It's true.  So often, I see a story about a struggling "family" where the earner of the family is advocating for a $15/hr minimum wage and making statements like, "I have 3 kids and another on the way."

Hello, if you can't afford to have kids, you shouldn't be having them.  Maybe then you wouldn't be struggling so much.

I am working very hard not to take this personally. I'm one of those damn poor people, you see. Had kids, then things became tough.

I'm not talking about the people who could afford it at the time they had kids.

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Telling people not to breed is neither realistic nor does it encompass the whole picture, regardless of some carefully crafted sound bite or highly edited quote designed to elicit a specific reaction in the viewer/reader.

I'm not telling someone not to breed, but I don't feel sorry for someone making bad decisions putting themselves in that situation of having kids when they can't afford them.  Kids are already highly subsidized by other taxpayers through tax credits and schools.

That doesn't sound right, unless you are ignoring the massive welfare systems we have that  are dependent on younger taxpayers to pilfer.

It's right, it's just not all inclusive.  Sure, children are subsidized even further by the massive welfare system, such as EIC, but the point is that they are already subsidized by my tax dollars, even though I don't have and never had kids.  I don't feel like doing the the math now, but a household with a $60K income occupied by a single person pays far more in taxes than a household with a $60K income occupied by a married couple with two kids.

But the amount of SS/Medicare the single person, and especially a couple without kids, will dwarf the amount they put in, and the difference traditionally has been covered by younger workers, and the cost of raising those kids were borne by the parents.  So the current difference between what people have paid in and what they are expected to receive is something like $21 Trillion.

I'm talking about singles/couples without kids paying higher taxes, paying for schools for other people's kids, paying for the EIC of low income families with kids, etc.   So I'm paying to raise kids that aren't mine - hence the subsidizing comment.  This has nothing to do with social security.  That's a flat rate based on income, and it doesn't matter how many kids you have, it doesn't change the payroll tax rate.

As for the unrelated topic on how to sustain SS without giving seniors and people within ten years of age 62 the shaft, that could be done easily if our legislators had the will to do so:
https://forum.mrmoneymustache.com/welcome-to-the-forum/i-fixed-social-security!/

Maybe we'll end up with Medicare for All, but I feel seniors are the most deserving after paying into it for a lifetime, so I don't want to see them given the shaft just so that poor people and their kids are further subsidized with yet another program:
https://forum.mrmoneymustache.com/welcome-to-the-forum/%27medicare-extra-for-all%27-would-mean-even-more-motivation-to-rothize/

Sure, it has nothing to do with social security or Medicare if you want to ignore the biggest subsidy that goes from parents to non parents.

Many non-parents will never collect a dime after paying into SS for a lifetime.  And being a parent or not does not change the payroll tax rate.  Since this tax rate is flat and not lowered for those with kids, I consider it irrelevant for my discussion about tax breaks for married couples with kids.  I don't expect it to change, this is just forum discussion.

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And the 'fixes' to social security, even if they were implemented, wouldl do nothhing to change the fact that recipients will be receiving money taken from younger workers, and for recipients who did not bear the.birden (sic) of raising any kids that fund social security and Medicare, that's a massive subsidy from those who did.

Not everyone pays into SS, such as certain government jobs and the unemployed, including kids who don't have jobs (that you mentioned).  Many others will never collect a dime because they won't contribute for 40 quarters before dying or leaving the workforce.  There are many details to the data, but the payroll tax rate is set with no advantage/disadvantage for couples with kids (although couples with get additional benefits on the receiving end!)  In the long run, those kids will probably be collecting SS as well.  And just like me, after paying into it over a long career, I expect a return from the system in another 16 years.  And I don't mind paying more payroll tax in the meantime to help shore up Medicare and SS.  I support our seniors, who are finding more of their SS is taxable every year (a built in tax hike) based on absolute thresholds that aren't indexed to inflation.
« Last Edit: May 22, 2018, 05:51:46 PM by DreamFIRE »

mm1970

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Quote
The married couple with 2 kids has $7561 more disposable income than the single woman.  That's right, $68861 is more than $61300.  Check the batteries in your calculator.

Or, the married couple with kids has $17215 disposable income per person, the single woman has $61300 disposable income per person.

SwordGuy

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There's a pretty simple reason why rich people pay more in taxes than do poor people:  they're the only ones who can afford it.

It's the same reason wealthy corporations get charged for pollution cleanup and bankrupt corporations don't.  It's the reason celebrities get sued for sexual harassment that burger flippers get away with.  It's the reason the US military deploys all over the world and no one else bothers.  If these things are going to get paid for, they have to be paid for by someone with resources. 

There's no point in suing the burger flipper because he has no money, and there's point in taxing the poor because they don't have enough money to run a country.  If America has made you successful and prosperous, you will be asked to pay more than your fair share.  And all of those folks that America failed will pay basically nothing, because they have basically nothing.

I'm not even upset about this inequality.  I see no better way.  It always baffles me when people who have profited from American investment (in infrastructure, public education of the workforce, criminal protections, stable markets, etc.) suddenly decide they don't owe anyone anything and want to keep all of their money, instead of repaying all of that investment that made them rich.

@sol , you ever find your way to my city, I'll treat you to a good dinner.   I like your attitude.


sol

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I'll treat you to a good dinner.   

Thanks much, but I'm a homebody these days.  I have kids and a garden to tend, and a job that I'm trying to get rid of in the next three months. 

I don't even get to the "local" Seattle meet-ups, because who wants to drive in freeway traffic for an hour when your five-year-old wants to play Candyland?

simonsez

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Quote
The married couple with 2 kids has $7561 more disposable income than the single woman.  That's right, $68861 is more than $61300.  Check the batteries in your calculator.

Or, the married couple with kids has $17215 disposable income per person, the single woman has $61300 disposable income per person.
Thank you for putting it simply, this what I was trying to get across.

big_slacker

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seattle had its heyday. it was called the 80s. low cost. best summers on the planet. best mountains in the lower 48. no traffic. low costs. good communities. all gone.

The mountains are still here, the summers are still awesome. The good communities are all east on 90 away from the cesspool. :D



Jrr85

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Those damn poor people, why don't they get better jobs/move/not breed?  /sarcasm

I don't see the sarcasm with that.  It's true.  So often, I see a story about a struggling "family" where the earner of the family is advocating for a $15/hr minimum wage and making statements like, "I have 3 kids and another on the way."

Hello, if you can't afford to have kids, you shouldn't be having them.  Maybe then you wouldn't be struggling so much.

I am working very hard not to take this personally. I'm one of those damn poor people, you see. Had kids, then things became tough.

I'm not talking about the people who could afford it at the time they had kids.

Quote
Telling people not to breed is neither realistic nor does it encompass the whole picture, regardless of some carefully crafted sound bite or highly edited quote designed to elicit a specific reaction in the viewer/reader.

I'm not telling someone not to breed, but I don't feel sorry for someone making bad decisions putting themselves in that situation of having kids when they can't afford them.  Kids are already highly subsidized by other taxpayers through tax credits and schools.

That doesn't sound right, unless you are ignoring the massive welfare systems we have that  are dependent on younger taxpayers to pilfer.

It's right, it's just not all inclusive.  Sure, children are subsidized even further by the massive welfare system, such as EIC, but the point is that they are already subsidized by my tax dollars, even though I don't have and never had kids.  I don't feel like doing the the math now, but a household with a $60K income occupied by a single person pays far more in taxes than a household with a $60K income occupied by a married couple with two kids.

But the amount of SS/Medicare the single person, and especially a couple without kids, will dwarf the amount they put in, and the difference traditionally has been covered by younger workers, and the cost of raising those kids were borne by the parents.  So the current difference between what people have paid in and what they are expected to receive is something like $21 Trillion.

I'm talking about singles/couples without kids paying higher taxes, paying for schools for other people's kids, paying for the EIC of low income families with kids, etc.   So I'm paying to raise kids that aren't mine - hence the subsidizing comment.  This has nothing to do with social security.  That's a flat rate based on income, and it doesn't matter how many kids you have, it doesn't change the payroll tax rate.

As for the unrelated topic on how to sustain SS without giving seniors and people within ten years of age 62 the shaft, that could be done easily if our legislators had the will to do so:
https://forum.mrmoneymustache.com/welcome-to-the-forum/i-fixed-social-security!/

Maybe we'll end up with Medicare for All, but I feel seniors are the most deserving after paying into it for a lifetime, so I don't want to see them given the shaft just so that poor people and their kids are further subsidized with yet another program:
https://forum.mrmoneymustache.com/welcome-to-the-forum/%27medicare-extra-for-all%27-would-mean-even-more-motivation-to-rothize/

While it's technically true that people without kids pay in part for education it's gradeschool level stuff to realize that many government provided services are good for society even if you don't 'use' them. Like, I've never had my house burn down but I'm happy we have fire departments. I've not driven on a 10th of the roads I 'pay for' but I'm happy they exist so maybe my plumber can get to the house if I need him. And I'm happy to pay for schools so we have halfway intelligent people that don't sacrifice goats on my lawn to the sun god, work at autozone instead of mugging me and so on.

You can argue about where to draw the line on social services, but hopefully we're not advocating for no public schools. If so I'll happily walk out of the thread and let you good folks have at it.

You will drive on some roads, and I'm sure you would like fire protection when your house starts to burn, so that's apples and oranges to what I'm talking about.  I'm saying that those without kids subsidize those that do have kids, it's not just by some chance that a house might catch on fire.  But since you mention it, I'm paying more for the fire protection and roads also because the person with the kids is getting a tax break.  So you don't mind paying for the roads and fire protection when you know I'll be paying more.  I'm paying higher taxes to support those because people with kids pay less.  That's the point.  I wasn't making a case about advocating for or against schools, only that people without kids are paying for much of the cost.  I think it would be better if those who have/had kids had a larger stake in paying for them without me having to do it and that people with kids weren't getting tax breaks for their personal decisions.  If I wanted to pay for kids, I would have had my own.  It's a pretty simple concept really.

That is an entirely reasonable position to take, but only if you also take the position of "if I wanted younger workers to be forced to send me money, I would have had my own."  If you want younger workers to be forced to give you money when you are older, it's pretty ridiculous to complain that the people who provide those younger workers only had to pay for ~75% of the costs of raising them. 

Jrr85

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Many non-parents will never collect a dime after paying into SS for a lifetime.
  Those non-parents won't have been subsidized.  But many parents will also pay into SS for a lifetime, and pay to raise the workers that actually fund SS, and then never collect a dime.  They will have received a much worse deal than the non-parents. 

And being a parent or not does not change the payroll tax rate.  Since this tax rate is flat and not lowered for those with kids, I consider it irrelevant for my discussion about tax breaks for married couples with kids.  I don't expect it to change, this is just forum discussion.
  You seem confused by how social security works.  When you pay social security taxes, that goes to older people and the disabled.  That does nothing to ensure you receive anything.  If you want to receive anything, somebody has to make sure younger workers are around to work so that money can be taken from them and given to you.  The cost of producing those workers is pretty high.  So if you don't have kids and you receive social security, you are typically getting a pretty massive subsidy from your cohorts who did bear the costs of producing workers (and from foreign parents or other parents who are not eligible for SS for some reason or another)

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And the 'fixes' to social security, even if they were implemented, wouldl do nothhing to change the fact that recipients will be receiving money taken from younger workers, and for recipients who did not bear the.birden (sic) of raising any kids that fund social security and Medicare, that's a massive subsidy from those who did.

Not everyone pays into SS, such as certain government jobs and the unemployed, including kids who don't have jobs (that you mentioned).  Many others will never collect a dime because they won't contribute for 40 quarters before dying or leaving the workforce.  There are many details to the data, but the payroll tax rate is set with no advantage/disadvantage for couples with kids (although couples with get additional benefits on the receiving end!).[/quote]  Which has nothing to do with anything.  If you want to look at any individuals, then you could get a rough comparison as to who is giving more than they are getting.  But if you want to claim that non-parents subsidize parents, you have to look at it generally, and on average, non-parents do eventually collect social security from younger workers, and the cost of producing those young workers was primarily born by parents. 

  In the long run, those kids will probably be collecting SS as well.
   Which is irrelevant to whether non-parents are being subsidized.  If those kids get social security, it will be because somebody raises kids that they can take money from. 

  And just like me, after paying into it over a long career, I expect a return from the system in another 16 years.
  The "system" is younger workers.  You paying social security taxes didn't pay for younger workers, it paid for older people's benefits (or just general government spending to the extent they were paid when SS taxes exceeded outlays). 

And I don't mind paying more payroll tax in the meantime to help shore up Medicare and SS.
  That's only possible to the extent SS is running a deficit (and I think it's basically a break even proposition over the next couple of years).  But to the extent it is running a deficit and higher taxes can shore it up, but I note that you are offering to pay more payroll tax, and not just give money.  WHich makes it sound like you are offering to pay higher taxes for 16 more years, and presumably everybody esle would be stuck paying those higher taxes while you collected benefits for the next 20 or 30 or more years? 

  I support our seniors, who are finding more of their SS is taxable every year (a built in tax hike) based on absolute thresholds that aren't indexed to inflation.
  That's great.  But has nothing to do with whether your social security will have been subsidized by parents. 

Greenback Reproduction Specialist

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Here is a solution..... Don't live like the average.

I lived in Seattle in 2012 making 85k, it was not just survival money, I still managed to save about $1000 per month while living there.... But I didn't spend money on ridiculous things.

Housing prices over there are INSANE though, I'm not living there anymore for a reason. Which brings up another point, if you cant make a situation work for you economically, move.

mm1970

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I'll treat you to a good dinner.   

Thanks much, but I'm a homebody these days.  I have kids and a garden to tend, and a job that I'm trying to get rid of in the next three months. 

I don't even get to the "local" Seattle meet-ups, because who wants to drive in freeway traffic for an hour when your five-year-old wants to play Candyland?

Right?  Except: Candyland.  It gets old.  My 5 year old is mostly over it, thank goodness.  But sometimes still...

sol

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Right?  Except: Candyland.  It gets old. 

Especially when she cheats.  She's such a cheater!

But it's not always Candyland.  Sometimes it's blanket forts, or a trip to the playground, or helping in the yard.  This morning it was making a birthday crown with stickers (it is not her birthday).  I'm sure all of you forumites are cool people and everything, but unless you're wearing dinosaur sticker crowns I'm just not that interested.

To tie this back into the thread topic, we don't struggle for rent or food at all, but we absolutely do struggle with a paucity of time.  There are swim lessons and scout events and band concerts and sleepovers and there just isn't enough time for me to be present, as a parent, in the way I would like to be.
 Spending 40 hours per week in a cubicle isn't helping.  I would totally trade away some of our abundant economic security for a little more relaxed family schedule.  Spending money to drive to Seattle for a forum meetup is trading away both my time AND my money, and thus far that hasn't seemed like a worthwhile deal.
« Last Edit: May 23, 2018, 12:42:50 PM by sol »

Nicholas Carter

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Here is a solution..... Don't live like the average.

I lived in Seattle in 2012 making 85k, it was not just survival money, I still managed to save about $1000 per month while living there.... But I didn't spend money on ridiculous things.
How much more money do you think you could have saved if you'd spent money on less ridiculous things?

mm1970

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Right?  Except: Candyland.  It gets old. 

Especially when she cheats.  She's such a cheater!

But it's not always Candyland.  Sometimes it's blanket forts, or a trip to the playground, or helping in the yard.  This morning it was making a birthday crown with stickers (it is not her birthday).  I'm sure all of you forumites are cool people and everything, but unless you're wearing dinosaur sticker crowns I'm just not that interested.

To tie this back into the thread topic, we don't struggle for rent or food at all, but we absolutely do struggle with a paucity of time.  There are swim lessons and scout events and band concerts and sleepovers and there just isn't enough time for me to be present, as a parent, in the way I would like to be.
 Spending 40 hours per week in a cubicle isn't helping.  I would totally trade away some of our abundant economic security for a little more relaxed family schedule.  Spending money to drive to Seattle for a forum meetup is trading away both my time AND my money, and thus far that hasn't seemed like a worthwhile deal.

Ah ha ha I'm glad it's not just my kid!  "Let's play Candyland!  I have it all set up."  Yeah, cards "shuffled" so you get the ice cream cone, I'm no dummy kid.

Yes...it's the time thing.  My kids are 5 and 12.  Baseball, orchestra concerts, swim lessons...we feel like we are constantly being pulled more than one way.  We are in our late 40's - and husband is awesome at his job, so super busy right now with a lot of contracts.  I just got "promoted".  We'd both just prefer to work less, but that's not an option right now at either workplace.  Husband works at home after everyone is asleep, doesn't get any exercise, and doesn't get enough sleep.  Kinda brutal.

Plus the last month of school - we've already had baseball playoffs, final orchestra concert, final after school band/video concert.  Still up: final school concert, 6th grade dance and family potluck, last swim lesson of the session, talent show, 6th grade fancy dinner, kindergarten promotion, 6th grade graduation, final school day "beach party", and all of that RIGHT BEFORE our 2 week vacation.  I'm doing my best to hold it all together, but you better believe I'm not missing these things.  (So of course I'll be working on vacation.)

Cassie

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Enjoy your time with your kids. As they age it goes faster and faster and their teen years are quick as they are busy themselves with so many things. Now that my kids are grown I have plenty of me time.  I am glad that I spent as much time with them as I could when they were home.   Of course I enjoy and see them as adults too but the kid years are fun.

AZDude

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We'd both just prefer to work less, but that's not an option right now at either workplace.

It is always an option. If family is first in your life, then its first. Tell your employer, don't ask. If they balk, find a new job. I have had this conversation 1000X with my better half, and slowly over time have gotten her to buy in, little by little. As for me, I made the decision a long time ago that I was OK with never getting that big promotion in exchange for having time to enjoy the little things in life.


mm1970

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We'd both just prefer to work less, but that's not an option right now at either workplace.

It is always an option. If family is first in your life, then its first. Tell your employer, don't ask. If they balk, find a new job. I have had this conversation 1000X with my better half, and slowly over time have gotten her to buy in, little by little. As for me, I made the decision a long time ago that I was OK with never getting that big promotion in exchange for having time to enjoy the little things in life.
Let me rephrase...it's not "officially" an option.

Finding a new job is more work, and I'd be unlikely to be able to find a part time job. (It's easier to change a current job to part time than it is to find a part time job.)

However, as raises are sparse, my management once said "you'll notice that if you ever put down 2 hours of PTO for a day, I took that off.  It's not necessary to take PTO for 2 hourss"  So.  While I'm not officially allowed to work part time, nobody cares if I'm missing for 2 hours to go to a school function.  Except that one jerk guy who is my age without kids, and flies into work every day.  "What do you mean you aren't going to be here?"  Um, not gonna make that meeting.  Can't call into it either.  Not explaining myself.  You aren't my boss.

dude

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Ah ha ha I'm glad it's not just my kid!  "Let's play Candyland!  I have it all set up."  Yeah, cards "shuffled" so you get the ice cream cone, I'm no dummy kid.


LOL!  I stacked the deck one time against my friend's kid, such that in like 3-4 cards, I reached the end. She threw a massive temper tantrum and tossed the game on the floor!  hahaha!  I was laughing so hard I almost cried, and her parents were just shaking their heads like, "Good going, asshole, why don't you tell her there's no Santa Claus next?" LOL!!!

Classical_Liberal

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It seems to me the major issue in these expensive metro areas is housing.  If we hadn't regulated out cheap flophouses and the like decades ago there would be much more affordable housing putting downward pressure on all other housing. I put the blame squarely on regulation and zoning laws.  Now instead of having "undesirables" living in the city (the original purpose for the zoning laws I assume), they are camped in the park. Dorm-like housing with shared community space would be a hit in most of these places.  Rent control does no favors either as it artificially reduces the number of housing units available.  Capitalism, left to it's means (within reason), would solve housing problems quickly.

pecunia

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Classic_Conservative:

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If we hadn't regulated out cheap flophouses and the like decades ago there would be much more affordable housing putting downward pressure on all other housing.

Does this mean zoning?  Does this mean ensuring the buildings comply with safety standards?  Does this mean that the flophouses were in an areas where the land was dear and the owners could no longer afford to give low rent?  If the land becomes expensive, I'd sell it so somebody could replace it too.

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Capitalism, left to it's means (within reason), would solve housing problems quickly.

Isn'r capitalism the reason there are no cheap houses?  The demand by folks with the big bucks precludes the guys with the little bucks have a place to stay since they ain't makin' no more land.

2Birds1Stone

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Those pictures look beautiful.

If you can't afford rent, just move into a van ;)

snapperdude

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I don't even get to the "local" Seattle meet-ups, because who wants to drive in freeway traffic for an hour when your five-year-old wants to play Candyland?

Aw, shit, Sol. I was buying in to everything you said until that last little bit.

2Birds1Stone

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I bet it's because his avatar is his drivers license photo too ;)

sol

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Aw, shit, Sol. I was buying in to everything you said until that last little bit.

What's with all of the Candyland hate in this thread?  You people are vicious.

Classical_Liberal

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Classic_Conservative:

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If we hadn't regulated out cheap flophouses and the like decades ago there would be much more affordable housing putting downward pressure on all other housing.

Does this mean zoning?  Does this mean ensuring the buildings comply with safety standards?  Does this mean that the flophouses were in an areas where the land was dear and the owners could no longer afford to give low rent?  If the land becomes expensive, I'd sell it so somebody could replace it too.

Quote
Capitalism, left to it's means (within reason), would solve housing problems quickly.

Isn'r capitalism the reason there are no cheap houses?  The demand by folks with the big bucks precludes the guys with the little bucks have a place to stay since they ain't makin' no more land.

Ensuring they comply with basic standards is fine.  Zoning that only single family, parking ramps, or retail can be placed in certain areas is simply a way  to garner higher taxes and to segregate by economics.  To believe differently is naive. Here is a good example of what I mean.

pecunia

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Classic_Person
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To believe differently is naive. Here is a good example of what I mean.

I am very naive.  So - They had these cheapo places to stay when America had the guilded age.  Like many items of the guilded age, looks like they want to bring a variation of the flophouse back which abounded in that time period.

Actually, for someone like me that works out of town, if these little cubicles provided a quiet clean place to sleep that's usually enough.  The Japanese places didn't sound bad.  If provided a per diem, I would be able to pocket a good deal of it.  it would support the quest for FIRE.

Jrr85

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Classic_Conservative:

Quote
If we hadn't regulated out cheap flophouses and the like decades ago there would be much more affordable housing putting downward pressure on all other housing.

Does this mean zoning?  Does this mean ensuring the buildings comply with safety standards?  Does this mean that the flophouses were in an areas where the land was dear and the owners could no longer afford to give low rent?  If the land becomes expensive, I'd sell it so somebody could replace it too.

Quote
Capitalism, left to it's means (within reason), would solve housing problems quickly.

Isn'r capitalism the reason there are no cheap houses?  The demand by folks with the big bucks precludes the guys with the little bucks have a place to stay since they ain't makin' no more land.

No.  They're not making more land, so the capitalist response would be to make the land more productive (i.e., put more people on it).  People can't do that because it has either been made explicitly illegal, or they have a regulatory process that makes it prohibitively expensive to do so.

libertarian4321

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Classic_Conservative:

Quote
If we hadn't regulated out cheap flophouses and the like decades ago there would be much more affordable housing putting downward pressure on all other housing.

Does this mean zoning?  Does this mean ensuring the buildings comply with safety standards?  Does this mean that the flophouses were in an areas where the land was dear and the owners could no longer afford to give low rent?  If the land becomes expensive, I'd sell it so somebody could replace it too.

Quote
Capitalism, left to it's means (within reason), would solve housing problems quickly.

Isn'r capitalism the reason there are no cheap houses?  The demand by folks with the big bucks precludes the guys with the little bucks have a place to stay since they ain't makin' no more land.

No.  They're not making more land, so the capitalist response would be to make the land more productive (i.e., put more people on it).  People can't do that because it has either been made explicitly illegal, or they have a regulatory process that makes it prohibitively expensive to do so.

Yup, the problems in Seattle have largely been created by the government in Seattle with ridiculous building codes and zoning laws which make it overly expensive to build and restrict the kinds of buildings.  In much of Seattle, the misguided attempt to maintain aesthetics has prevented the building of the kind of inexpensive housing that those homeless or soon to be homeless need (e.g. inexpensive high rise apartments).

Demand for housing is way up, but bureaucrats/politicians have acted to slow the creation of new housing.  Hence, demand vastly outstrips supply, and you have runaway inflation in housing prices.

San Antonio is similar to Seattle in size, and is actually growing faster than Seattle is.  Home prices here are rising, to be sure, but not at the insane levels you see in Seattle.

Why?  Because San Antonio is producing new housing at an extraordinary rate, including the kind needed by middle and working class people.   You can't swing a dead cat here without hitting a new house or a new apartment complex being built.  The reason is because San Antonio has not impeded new construction the way Seattle has with bureaucratic restrictions.

Meanwhile in Seattle, the politicians who created the problem are trying to "fix" it by imposing absurd head taxes on every worker.  They apparently believe they can solve the homeless problem by taxing Amazon and Starbucks more than they already do?

How much y'all wanna bet that doesn't solve the problem?

https://reason.com/reasontv/2018/05/15/seattles-amazon-tax




sol

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San Antonio is similar to Seattle in size, and is actually growing faster than Seattle is.  Home prices here are rising, to be sure, but not at the insane levels you see in Seattle.

Why?  Because San Antonio is producing new housing at an extraordinary rate

That's kind of an oversimplification, isn't it?  The big driver of home price increases in Seattle is the loose fire hose of cash being sprayed everywhere, not just the scarcity of houses for sale.

If you kept the number of buyers and sellers the exact same, but gave everyone twice as much spare money, prices would rise.  That's part of what's happened in Seattle.

Wages is San Antonio are low, and falling.  Wages in Seattle high are rising, especially among the upper echelon of workers who want to buy large single family homes with yards close to the city center.

pecunia

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Sol:
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https:/Wages is San Antonio are low, and falling.  Wages in Seattle high are rising, especially among the upper echelon of workers who want to buy large single family homes with yards close to the city center./

Might be comparing apples to oranges.  My guess is you've got lots of people who want to get out of Mexico right there.  Better to live in Texas.  Right now there is probably going to be oil money falling like the rains from the heavens for a bit.  That will spur growth in that area until the next bust.

Maybe Seattle is being a little smarter.  Unchecked growth that spreads like fungus on a loaf of bread is not always desirable. Maybe, the rules imposed by the powers at be are what is keeping Seattle desirable.  Some of the staple businesses in the Seattle area like Boeing and the software folks could probably set up shop anywhere.  Even the empty land on the East side would still allow access to many of the good things and it wouldn't rain as much.