patrick.net

"At Vox, Matthew Yglesias argues that an important piece of the puzzle is the restrictions that many high-income localities place on new housing construction. "

On to something...
but is refuted as:

"...it’s not evident that they are more restrictive today than they were in the 1990s, when national building activity was much higher relative to the economy."

Well... in the 1990s, prices were much lower. The deficit of new building accumulated for 2 more decades, and the need is now much more.

It's a showdown between speculators who paid too much for their houses and are trying to sell them for more than they are worth, and the few remaining buyers with money.

APOCALYPSEFUCKisShostikovitch says

There are only so many gay platinum shitting space aliens in the universe and they don't have kids.

Then we should offer our homeless to act as wombs for them.

Dan8267 says

It's a showdown

I started looking at houses with a Realtor...real low end stuff.

It's amazing how long some of these things have been on the market...years!

But homes that are truly garbage...maybe not even salvageable..."value in land" as they say...and worth (in my view) 25% of advertised price.

The top guys at Fannie&Freddie are Democrats.
The guys who came up with Community Reinvestment Act were Democrats.
Rubin, Summers, Sandy Weill and Clinton were Democrats.
Other do-gooders who wanted to increase the rate of home ownership were Democrats.
Bawney Fwank is a Democrat.
The results eventually were visible in 2008.
I didn't read the link but where I live there can be no new housing because the limit of houses is out by Long Marine Lab. Beyond there, nothing is going to be built.
So, where I live, supply is not allowed to increase and so prices will be high.
I knew some mega rich local landlords, old timers in their 80's who bought places around here before the University and Silicon valley was doing much. There are some of them here and there, old guys living off the students, the University doesn't build enough dorms either so the landlords make big dough.

clambo says

The top guys at Fannie&Freddie are Democrats.

The guys who came up with Community Reinvestment Act were Democrats.

Rubin, Summers, Sandy Weill and Clinton were Democrats.

Other do-gooders who wanted to increase the rate of home ownership were Democrats.

Bawney Fwank is a Democrat.

The results eventually were visible in 2008.

You mean these initiatives:
http://georgewbush-whitehouse.archives.gov/infocus/achievement/chap7.html
Yeah we saw the result.

"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."

- President George W. Bush, December 16, 2003

The Accomplishments

Increasing Homeownership

- The US homeownership rate reached a record 69.2 percent in the second quarter of 2004. The number of homeowners in the United States reached 73.4 million, the most ever. And for the first time, the majority of minority Americans own their own homes.
- The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
- President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
- The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.
- President Bush proposed a new Single Family Affordable Housing Tax Credit to increase the supply of affordable homes.
- The President has proposed to more than double funding for the Self-Help Homeownership Opportunity Program (SHOP), where government and non-profit organizations work closely together to increase homeownership opportunities.
- The President proposed $2.7 billion in USDA home loan guarantees to support rural homeownership and $1.1 billion in direct loans for low-income borrowers unable to secure a mortgage through a conventional lender. These loans are expected to provide 42,800 homeownership opportunities to rural families across America.

APOCALYPSEFUCKisShostikovitch says

There are only so many gay platinum shitting space aliens in the universe and they don't have kids.

And they have space cash.