Thats all fine and yes the developers always find a way around regulations and laws. Money talks. As a life long resident and Florida native I have seen enough development and would be happy if they never built another house or shopping center. What has been done to Gainesville makes me sick. I live in a area that is designated farm preservation land and it is a constant battle as developers do all they can to change zonings and destroy our way of life. I have lived in my home for 44 years and my parents built the home in 1957 on land that has been owned and lived on by the family for over 150 years.
This USAToday article indicates 5.5 million immigrants entered the US in FY22 thru FY23. The total population growth over that same period was approximately 3 million - from 337 million to 340 million. To what extent is all immigration to the US impacting the cost of housing and the availability of affordable housing? How many migrants crossed the border in 2023? More people are arriving Here’s one opinion The migrant and housing crises are colliding with predictable results | The Hill “If as little as 7 million migrants have entered the country — legally and illegally — during the Biden administration, the number admitted will have exceeded the total population of Massachusetts, the 16th most populous of the 50 United States. The economics of supply and demand virtually assures that the addition of so many new residents seeking housing will put upward pressure on rents and housing prices, especially if new housing supply is constrained as press reports emphasize. The most immediate impact of the surge in asylum-seeking migrants will likely be continued pressure on rents. Most migrants admitted to the country, regardless of their legal status, will eventually compete for jobs and housing. And when it comes to acquiring housing, the federal government and many charities provide housing financial assistance to new domestic arrivals.“ “Millions of these new migrants will eventually compete with U.S. citizens to purchase homes in a market plagued by persistent supply shortages. Immigrants who entered legally are not disadvantaged when seeking mortgage financing. While undocumented migrants face more hurdles in acquiring home financing, federal government agencies have instituted special programs to help those who are undocumented secure home mortgages.”
sorry, calling BS on that at least in the parts of Florida I have worked in (Duval, Clay, Alachua, Charlotte, Hendry, Lee, Collier, Orange counties). Water management districts just don't let people not obey their rules when issuing permits. I have been designing, building, and certifying roadways and development 30 + years now and I haven't found a corner I can cut yet except for ag. Roadways get grey calls that development doesn't but the drainage systems still have to work without causing adverse impacts. And I can say that not a single project I have ever designed has flooded except when the county failed to keep an outfall canal clear and that caused the tailwater to back up when the trees etc clogged up the canal after a major rain event. Unless you know something I don't, there is no way to stop people from coming. What would you propose to stop the demand? Perhaps high prices will do it but it hasn't slowed demand yet. our family homesteaded in Clay County int he early 1820's and we lost most of our land after the civil war when most of the family men and young men died at Olustee
and we still can't meet our labor demands. can you imagine the price of food and other services (lawn care, roofing, restaurants, house cleaning, hotel staff, etc) if we didn't have all that cheap migrant labor to do the work so many americans refuse to do? and yes, the increased population requires increased housing.
I was going to bring up tiny houses when I read this. There seemed to be a push for them a few years ago. Even a program on TV. Not for people with kids. But pretty cool and some with the ability to be easily moved.
Depends on your area. When we moved back to Maryland this past summer, we lost a house in which we bid $60K over list because 15 people bid on it. Unfortunately, did not see that in New Orleans when we sold our house, which is getting pinched hard by a number of factors (the entertainment strikes, healthcare consolidation, high insurance costs, etc.).
I realize there is no way to stop development and people coming here. I wish they would like somewhere else better but that will not happen until the places they move are overcrowded. I don't have enough years left to worry about seeing my area over populated but I know it will happen some day. People move to this area because it is not as crowded and the traffic is not as bad as where they were in South Florida and before long this area will look just like South Florida. You can see it happening fast to towns like Newberry and WIlliston right now. . I know I have no right to say they can't move here and could not stop them anyway, but I don't have to like it.
RE the size of houses, I just ran a quick analysis on 10 homes (have the data from an analysis of assessed value per sq ft) in our neighborhood calculating the average living area per occupant. It was over 1500sq ft which is really a lot of space. I wonder how that will change in the future as baby boomers “age out” of the market.
I mean… I get what you are saying, somewhat, but South Florida has major cities in it. Miami, Ft. Lauderdale, and West Palm Beach. Even the smaller cities are bigger than the places you are describing. Of course there are more people and more traffic here. It’s like criticizing a leopard for having spots. It’s supposed to have spots. You can’t have a country of all small towns, you need a mixture.
That is exactly why i asked. I am guessing you see houses for sale and assume there isn’t a shortage. Feels a bit like gut to me but maybe you have some industry number to share, i dont know.
Of course you are correct but places like Ocala are growing really fast and at the rate they are growing they will be a large city not to far in the future. The roads are not good enough for the growth they have already had . I-75 is a bottle neck from North of Ocala to Wildwood all day long. In my lifetime I have seen Orlando grow into a city and watched the cow pastures of South Marion county, Sumpter and lake county all become large housing developments called the Villages. It was not that many years ago a drive down 441 toward Orlando was cow pastures and woods.
I check listings everyday in my area. There are about 650 homes that meet my narrow criteria in a relatively small geographic area. There are many for sale and that number stays pretty consistent between 640-670 at any given time. I don’t see that as a housing inventory problem.
My job isn’t top secret. But my role is a unique one and I would be easily identifiable in even partially describing it. Sorry if that’s weird, but who wants that over an internet discussion? But to your question… To use 2008 as the ultimate example (not that this would be that) homelessness did go up by about 50000 families nationally, the number people living in long term hotels went way up, people moved in with relatives so multi generational home numbers went up, even homes with multiple families in them went up. And some undocumented immigrants left the country entirely. Net illegal immigration from 2008-2014 was over a million in the negative if I remember right. The market found a way to sort itself out when it had to, even if it was ugly. To your other point, there was a big push post 2008 for smaller houses. Even now there is a push for 3d printed houses that can be built in days. But none of that has been happening fast enough…and the good economy came back and everyone forgot about what would make things better for the next time. So here we are again potentially.
Come on. Every industry organization and government agency reports we are 3-6M homes short. But you see for sale signs. You get how myopic that is, right? The US housing market is short 6.5 million homes | CNN Business Why Is Housing Inventory So Low? Understanding the US Housing Market Bridging the Gap: U.S. Faces 7.2 Million Home Shortage Amid Construction Challenges The Affordable Housing Crisis Grows While Efforts to Increase Supply Fall Short Housing Shortage in the US: Challenges and Solutions https://www.housingfinance.com/news...llion-affordable-and-available-rental-homes_o America's housing shortage won't be solved for years to come
I was in the middle of the 2008 crash, flipped a few condo's buying presale and selling before they were ever finished and got out a year or so before the end as I could see it coming. The development company that I was a small partner in went BR and I was lucky to get out without any personal liability. This market is substantially different as people aren't buying on speculation for resale and loans are secured with more of a down payment and are much harder to get with poor credit
I think you are confusing my words and my meaning. I did not say that there are more or less homes than any historical averages or in comparison to any metrics. I simply said there are a lot of homes for sale, which means there is a lot of inventory that hasn’t sold. Therefore, we cannot simply say there is no inventory, or that there is a shortage. It’s not like when we ran out of toilet paper and other supplies. We have never even got close to zero inventory or a shortage.
It slightly increased. I don’t really look at time on market. I think the bigger picture is that the overall number of available houses slightly increased, but for the most part remains steady. If I saw a big change either way, I’d consider it a sign of something, but so far it looks like a buyer/seller standoff.
