Should the government be building reasonably priced starter homes?

Question

It is getting extremely hard for first time buyers to get on to the housing ladder, indded an estate agent i know said the housing market is a ' ladder without a bottom rung'. Property developers only want to build three and four bedroom houses and hold on to building plots for the sole purpose of driving up prices. isn't it time the government took some DIRECT action for once.

I have my own house but have several friends who cannot even afford to get on to the housing ladder even with a mortgage at six times their earnings. There are lots of houses for sale but not at affordable prices, as profiteering is obviously more acceptable than trying to provide reasonable housing for hard working people.

Answer 1

first priory of any responsible government is to provide the basic necessaties of life to its people that is shelter,health, education, water and affordable food.

Answer 2

The starter home average price is around high $200.000 to 350.000. These prices are suitable for houses w/2 bathrooms, 2 +1/2bedrooms or 3, and 2 garages. For about 1390 to 2240 sq.ft. These houses are located in a calm and good neighborhood.

Answer 3

The government is not here to provide everything and solve every problem. When our society finally accepts that is when we can start to fix the real issues in our country, not just the ones that can get a politician more votes from the greedy masses.

There are plenty of starter houses out there, but no new family wants to buy them. They all want the bigger homes just like mom and dad raised them in. Well you can't be 20 and buy a house that it took mom and dad 30 years to save for. You mention that all the houseing developers only want to build larger homes. Well, that is part of the problem right there, you want a new home at starter price. You should be looking at older homes, not new build.

Answer 4

No. We live in a *mostly* free market economy where supply and demand fuel each other. As soon as the government steps in, and they all ready are, we'll be socialists. They'll take more taxes out of your paycheck so others can buy starter houses. The United States is one of the lowest-taxing nations in the world. We should keep it that way. if you want to buy a starter house, start saving money earlier for a down payment. Houses are expensive, but that's the way life is. There are plenty of places to buy smaller houses, but just not in the areas you'd like to live.

That sucks, my friend, but you can't always get what you want. Go out, save some money, and buy a smaller house to build equity, when you can afford a big number, do it up.

Answer 5

they actually are already doing this. house builders are getting large contracts and cheaper land to build smaller affordable homes. the problem is the demand far outways the amount being built. most are owned by agencies so people can buy into shared ownership. started doing it about 3-4 years ago

Answer 6

If I were a housing builder I do not think I would want the government coming in and telling me house much I could sell my house for.

There are houses out there for first time buyings, they may have to wait but they will find one for them.

Answer 7

Probably not - harsh though that may seem. We live in a mixed economy within which the housing stock is increasingly in private hands. The days of Government involvement in housing (Council house and flats) is really in the past.

Answer 8

Rather than trying to accommodate excess population and degrading quality of life, the government should severely restrict immigration and welfare, thus reducing demand for property, income tax and subsidies on the underclass and making existing property available and affordable.

Answer 9

yes definitely

Answer 10

yeah, that Would be nice
ain't never gonna happen tho-- they cant even help us with health care