Is there no solution to housing crisis?

[u/Comfortable-Wrap-493]

I feel like we are completely stuck.

I know the government can't just snap its fingers and force real estate prices to drop. Property is treated as a huge investment. It's not just the massive corporations and wealthy investors; even regular, lower-income people have their entire life savings tied up in the value of their homes. Crashing the market hurts them, too.

But if we don't find a solution, we are heading toward a future where only the rich will ever be able to afford buying land or a house.

Even renting is getting completely out of control. At the rate prices are increasing, soon only people with high-paying corporate jobs will be able to afford a basic apartment.

So what happens to everyone else? What about the working class, the people who actually sweat and break their backs to keep this country running? If the main workforce is priced out of both buying and renting, how does society even function? What about artistic jobs? What about creativity? Should all just join high paying collar jobs?

Does anyone see a realistic way out of this mess?

[u/Gnome_Sane]

It's interesting that you didn't mention how difficult it is to build new homes, due to government regulations. Your main focus seems to be class warfare.

I'm willing to bet you live in a city run by Democrats, perhaps for decades now. Have you ever considered moving to a small town that is more affordable. Or voting for any other party?

You can buy a home for 150K to 250K in West Virginia that would sell for 1.5 million in LA... same home size, with a much bigger yard... And pursue art there.

Interestingly enough, this is basically what the 'Rich' are doing. They are fleeing the high tax, high cost living of Democrat run states and cities for lower cost and lower tax rural areas.

Until an actual change in the laws can occur - there is no other choice but to pay the 2500 a month to rent a crappy room in San Fran or 3500... or to leave and pay that much for a mortgage on a house in a rural area in the midwest or south. Sure there are a few exceptions in blue state rural areas too, if that is more important.

[u/Black_XistenZ → u/Gnome_Sane]

The crux is that 'the rich' don't rely on their day job to sustain themselves. Someone who has to pay all his bills with the wages he earns from his actual job cannot just pack his coffers and move to Bumfuck, Nowhere.

[u/Gnome_Sane → u/Black_XistenZ]

It's funny, people with no money move to LA or NY or Chicago to become big famous movie stars or big famous musicians with no money all the time...

Your description of someplace that isn't a 3000 a month studio apartment as 'Bumfuck' says it all, really.

[u/Black_XistenZ → u/Gnome_Sane]

That's a highly selective example since the movie and music industries are unusually strongly concentrated in specific cities. An aspiring actor basically has no other choice than to live in LA or a few other big cities.

The same is not true for an aspiring nurse or mechanic or engineer. For folks with "normie jobs", there's opportunity in medium-sized towns and smaller cities, too. Nonetheless, once these normies have established a career and become rooted in a specific place, they typically cannot just pack their coffers and move to a much more rural place at a later point in their work life just to avoid high housing costs, because that would almost surely be a step backwards career-wise.

The example of moving from LA to West Virginia makes no sense, career-wise, for the vast majority of folks with regular jobs.