Don’t Blame Developers For The Housing Crisis, Blame The Homeowners | Think | NBC News

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Rising populations and limited housing options have created an unprecedented affordability crisis in America’s urban cities. Randy Shaw, author of “Generation Priced Out: Who Gets to Live in the New Urban America,” joined THINK to discuss the policy change that could save America’s cities
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Don’t Blame Developers For The Housing Crisis, Blame The Homeowners | Think | NBC News

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14 thoughts on “Don’t Blame Developers For The Housing Crisis, Blame The Homeowners | Think | NBC News

    LegendaryLogz

    (July 12, 2019 - 10:35 am)

    Blame the city government

    gracetou

    (July 12, 2019 - 10:35 am)

    Once again greed made the problem to CONTROL the people !!!!!! Tell the crooked elite to get out their homes!!!!!

    Mitchell Phillips

    (July 12, 2019 - 10:35 am)

    This guy is trying to turn millennials into renters because climate change and affordability… wrong. The people who bought those houses bought them at half the price or even less than half. They got a mortgage for 1500/mo. For us even with a 20% dp would still be like 2500-4000… just like the other comment says raise wages or lower prices. I say lower prices but that’s because I want my dp to get me to the same payment as people who bought in 2011-2016.

    RJ Weissenborn

    (July 12, 2019 - 10:35 am)

    The home owners are not commissioning the developments they buy their homes in. They buy them after they’re already built. The developers are the ones making the decision on what gets built. Also you can’t just “build” a duplex or apartment. The land has to be zoned for it and that’s up to the local governments

    Reverend Randal Westbury

    (July 12, 2019 - 10:35 am)

    Don't fall for this man's crap. It's the developers who want to utilize the same square feet to build multi-unit housing to charge more for either renting or resale.

    Randy Caston

    (July 12, 2019 - 10:35 am)

    Millions of empty homes and millions of homeless.
    Prices need to fall or income needs to rise.

    Alan M

    (July 12, 2019 - 10:35 am)

    What if there weren't FIFTY MILLION foreign-born people residing in the country right now? How much cheaper would housing be? Start deporting people already!!!

    Dazzle Daze

    (July 12, 2019 - 10:35 am)

    Thank you for this great video. The haughty selfish single family owners are control freaks. They need a beating. They are like little cops patrolling everything like spies in their communities.

    Southern Star

    (July 12, 2019 - 10:35 am)

    He is right. I've been reduced to renting out a room in a divorcée's home. The decent suburbs in my town are elite and lily white boomers. The same boomers also own the flophouses on the bad side of town and rent them out. They know redlining is still being practiced and works in their favor, insuring the nice homes will stay all white and that there will also be poor POC to rent their slums out of desperation.

    Welcome to the South.

    I'd love more coverage of the "renting out a room" phenomenon exploding down here. Property owners are basically the aristocracy at this point. And they act the part.

    Cord Barnes

    (July 12, 2019 - 10:35 am)

    Ok I’d like to point out that Randy Shaw is a right leaning developer who believes democrats housing policies worsen climate change somehow. So there’s his bias. I actually live in NYC and much of my work in economics and real estate centers around affordable housing. NYC’s vacancy rate for apartments $1500 a month or less is 2.5%. The vacancy rate for apartments $2500 or more is 8.75%. As the prices go up, so do the vacancy rates. So there is not an availability crisis, there is an affordability crisis; and developers like our lovely speaker here, want to throw up buildings that charge 5k a month for rent of a 2 bedroom or 1mil for purchase of a 1 bedroom while marking 20 of their units affordable so they can avoid paying property taxes for 20 years while the worth of the surrounding neighborhoods skyrocket throwing current residents in property tax debt to the city making it impossible to remain in their homes. Once they move then the landlords revamp or sell the buildings to the new developers on the block like our speaker here (who’s very lovely if I haven’t mentioned) who mark the once rent regulated and affordable units to market where only wealthy millennials from the suburbs whose parents could afford to send them to Fordham, NYU, Columbia and all the other expensive schools, will be able to afford to live. Not like they wanted to stay in Connecticut anyways even if you could put a 6 story apt building on the cul de sac where their parents 3 bedroom two story house sits. They were gonna go to the city regardless. So Mr. Shaw thinks developers are trying to save the world big surprise but numbers don’t lie. And millennials come to cities for culture, education and jobs not because there are a lack of apartments in the suburbs. Once they get here they push the prices up with the help of expensive developments and a new martini place on the corner that finally is a good spot for happy hour because none of the authentic neighborhood spots were “comfortable” enough (you insert whatever adjective you want in lieu of comfortable.) Gentrification is not a myth. Maybe if developers didn’t get tax breaks for giving 20% of their units to 10,000 displaced residents then the city could build their own affordable housing with the taxes that would stay in the city treasury instead of being shipped off to the caymans* 🙂 But what do I know I sift through spreadsheets of affordable housing and multi family property taxes all day long 🤷🏾‍♂️

    Tom Tanner

    (July 12, 2019 - 10:35 am)

    Why argue against the guy's points when you can be mad at him when he's right?

    Damian Müller-Nordhorn

    (July 12, 2019 - 10:35 am)

    What?!?!
    We're part of the problem???
    You must be wrong!!!!

    Dactylogram

    (July 12, 2019 - 10:35 am)

    This is total liberal bs.

    Elephant In The Room

    (July 12, 2019 - 10:35 am)

    The most stupid video ever…….if you buy a home in cash, you pay $0 a month, then property tax in december. If you rent an apartment you pay $1000 a month, then next year thats $1200 then 10 years later its $2000 a month, and a landlord manny koshban on youtube owns 30 million in cars

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