Unfortunately I think its unrealistic to hope for something that doesn't take profits into consideration as things stand now. Also, while I agree rents have gone FAAARRRRRR beyond any practical purposes, some people do forget "at cost" includes extra to cover maintenance and taxes.
some people do forget “at cost” includes extra to cover maintenance and taxes.
Taxes are a function of property value. One of the more ugly moral hazards of the last few decades has been municipal governments hungrily consuming the enormous tax windfalls of exploding property prices while residents are forced to pick up the tab for more and more privatized municipal services.
The same house jumping from $150k to $600k doesn't translate into roads that are 4x nicer or drainage 4x better managed or schools 4x more well-funded. It just floods into the pockets of municipal cronies and private contractors, for mayoral vanity projects. Selling property "at-cost" would keep the tax rates down. But high ranking city officials don't want cheap land in their city. That cuts into their slush funds.
So we see city officials tacitly encourage these exploding housing costs, while residents are priced out of homes they could have easily afforded even during the 2008 housing peak.
For all the whining about being censored and banned there sure always seems to be a while lot of you following ml instances just to cry about them being ml.
I need to do something, otherwise I'm having the equivalent of a destination wedding somewhere with easy access to prescription medication. It's a scary proposition but this is not an economic system I fit into, and I can't think of anything else to do.
As the home prices go down, the probability that you'll be able to find decent healthcare, education, and basically any businesses that consistently stay open outside of 9-5 weekdays goes with them
Good schools are kinda all over the place. There are good and bad ones in cities and good and bad ones outside of cities.
Certainly less businesses open super late, that moreso depends on what you want out of things. For example, most of my friends play video games at home and meet up to go hiking, canoeing, etc, none of which require stores to be open very late.
For healthcare, yeah, you might need to drive slightly further for a specialist, but it rarely is an issue; and is certainly something you can look for. Though, for me at least, having the extra money to afford the specialist easily outweighs the longer drive when I need one. Not so great healthcare access at my income level if all of it is going to rent and none leftover for healthcare.
Anyway, point is, it's going to depend on the person and what you most desire. It is important to not dismiss alternatives off-hand when they can solve the largest monetary issue in your life.