WANT AFFORDIBLE HOUSING - We need to change our ways

[GailL1]

I am probably gonna get hit hard on this one - But it is the truth and I do not know any other way around it - we live in a capitalistic society. 

One way that our housing cost increase is when those selling their own place want to make as much as possible off it it. Right ?!?  Cashing in on the equity.  

So what if we were limited to what we could make in equity - real estate - land and/or structure.  

Wonder how much of our increase in housing cost comes from this reselling and pulling out equity? 

[SereneSeagull]

Interesting idea.  But with the government now trying to control free speech, our healthcare, etc., I personally don’t want what I earn in equity limited as well.  

[GailL1]

@SereneSeagull 

I agree but it is one of the factors that is increasing the prices of homes and also, property taxes.  Because when a home is sold at a higher price, it reassesses the value of other homes around it.  

I was being somewhat factious about limiting the amount of equity one can get from a property - I definitely do not want any government regulating that factor. 

Is there any other way that you see that a community could stop the effects of this in home values and property taxes (assessments) that comes as a result of increased sales prices of home in a community? 

[SereneSeagull]

Some communities and HOA’s are limiting the percentage of properties in a

given area that can be rented out. Which can help cut back on the house flippers.

 I don’t know a good answer to this.  What you don’t want in a neighborhood is the price going down.  Then becoming under water is a problem.