Can the older generation alleviate the housing crises?

amother

↑ Phlox

Wed, Aug 28 2024, 11:09 am

GLUE wrote:

Why do some people think that non Frum or non Jewish people don't have a housing crisis?
It's a world wide effecting people mostly young like generation z in countries like Australia, Iran, Tunisia, Canada, Germany, and many many more.
There is a reason there are YIMBY chapters in most major cities

The next poster wrote that the young non frum people move out of Zurich..

amother

↑ Sapphire ↓

Wed, Aug 28 2024, 11:18 am

amother Rose wrote:

And how is their moving out of Flatbush helping anybody? They are only motivated to downsize because of the extra money they will get from selling their home. The houses are still unaffordable - and not enough. Bh frum families are growing exponentially and they will iyh need more housing than that.

They could sell it cheaper to their kids or swap with them. One should want to do it though

amother

Darkblue ↓

Wed, Aug 28 2024, 11:20 am

I know in the Netherlands (Amsterdam) it’s the worst, the Torah community really needs to grow a normal house is already Round 1.000.000 or more and a 3 bed room flat is 8k. The community is doing nothing they just say you should move to the UK, Antwerp or make Aliya. Renting a house is 4.000 and an apartment is 2.500 it’s beyond crazy

Reality

Wed, Aug 28 2024, 11:21 am

amother Sapphire wrote:

They could sell it cheaper to their kids or swap with them. One should want to do it though

The parents choose one child who gets to buy/swap homes. What a recipe for sibling animosity.

amother

↑ Brunette ↓

Wed, Aug 28 2024, 11:28 am

amother Sapphire wrote:

They could sell it cheaper to their kids or swap with them. One should want to do it though

And what about retirement? For many the house is an investment in the future. There are those who sell, then move to a 55+ community or smaller house and the difference in price is what allows them to retire or work part time.

amother

Mustard

Wed, Aug 28 2024, 11:30 am

amother Sapphire wrote:

They could sell it cheaper to their kids or swap with them. One should want to do it though

I know a family who did this and it caused terrible pain.

↑ GLUE ↓

Wed, Aug 28 2024, 11:34 am

amother Darkblue wrote:

Sounds like the community wants to die

essie14 ↓

Wed, Aug 28 2024, 11:38 am

amother Brunette wrote:

Exactly.
Our home is one of our largest investments. We bought it at an amazing price and it has gone way way up. When all my kids are grown and move out we will sell it, downsize, and the profit will be a big part of our retirement funds.
My kids will be buying small starter apartments when they can, and then sell and trade up if/when they need to. That is what adults do. I will not be giving my house to one child - that's a huge recipe for disaster. I will sell it for the fair market value and if there's money left when DH and I die our kids will get an inheritance. But we worked d*mn hard for what we have. No handouts. No help from anyone. We deserve to live בנחת when we retire. Our children have been raised to get a good profession and live within their means. They are all college educated (except my 2nd grader LOL

) and will be able to support themselves.

↑ GLUE ↓

Wed, Aug 28 2024, 11:42 am

essie14 wrote:

Exactly.
Our home is one of our largest investments

This is one of the reasons why there is a housing crises.
Can a house be an investment and affordable?
Nope, you can't have both as long as housing is investment not a place of shelter it will not be affordable.

amother

↑ Darkblue

Wed, Aug 28 2024, 11:49 am

GLUE wrote:

Sounds like the community wants to die

That is basically what they tell each other for decades! Chabad stays there and the people who are still having enough money or who are in kollel and have a goods sponsor so to say. But this has been a thing for decades really. It’s also a very non chareidi place, the chareidi school is very small approx 100 children from nursery to high school. They want to grow but my sister who lives there keeps telling that they really should make it attractive for people to move there. It’s a very wealthy community they can easily help people.

↑ shabbatiscoming ↓

Wed, Aug 28 2024, 11:52 am

amother Sapphire wrote:

They could sell it cheaper to their kids or swap with them. One should want to do it though

If they have one child maybe. But not even. Whst about the couples retirement? My in laws sold their home and bought into a retirement community.
Ad if there is more than one child? Which to sell to?
And why should the parents loose money on their investment?
This is so unrealistic. Really.

amother

↑ Brunette ↓

Wed, Aug 28 2024, 11:53 am

GLUE wrote:

Disagree. My home is where I bring up my family. When they are grown up and have their own lives to live, my home becomes my asset for retirement. We are not talking about a second home or vacation home. This is the primary residence.

↑ essie14 ↓

Wed, Aug 28 2024, 11:59 am

GLUE wrote:

I literally have people knock on my door and ask if we are selling. My house is and will be affordable to someone. I only need 1 buyer.
My house is an investment AND a place of shelter. I live in it. I didn't buy it to keep it empty.

amother

↑ Birch ↓

Wed, Aug 28 2024, 12:13 pm

amother Brunette wrote:

Just want to add- if we are already focusing in empty homes- what about vacation homes ( in israel or NY, NJ) that are empty most of the year.

and what about it?
they belong to someone?
they are someone's investment
someone's asset

I don't even get this mentality

what about Prince Harry? he has money! he can fund it...

amother

↑ Birch ↓

Wed, Aug 28 2024, 12:17 pm

shabbatiscoming wrote:

Why do you believe couples in their 50s and 60s have any desire to do this? And whos to say they dont still have children of their own at home? I really think your idea is so unattainable and so unrealistic.

and quite authoritarian entitled and unappealing sorry to say ...like if this works for you and your family then great you all go for it...
to make it like some societal mandate is just ....off...to look at someone else's resources to add to your mix to address your issues...
we all need to look in our own daled amos..that can include asking our own friends and family of course
though yes what is fair for one is fair for all and many of us have more than one child B"H
how many times do you think you can split one person's hard earned money accumulated over a lifetime iy"H...let alone impose solutions to your issue upon someone else...even your parents
oy

amother

↑ Birch ↓

Wed, Aug 28 2024, 12:18 pm

amother Denim wrote:

That is the key word, willingly. Which means no one forced them out of their homes or started a campaign to get them to agree to get out of their homes.

At the end of the day, it's their home. I don't care if OP thinks they don't deserve to live there anymore or never deserved to own it in the first place, it's still theirs. How can you uproot someone just because YOU decided your needs are most important?

yes this
you said it better than I

↑ GLUE ↓

Wed, Aug 28 2024, 12:19 pm

amother Brunette wrote:

Why did you buy your house?
Did you buy it as a place of shelter or did you buy it for investment?
When people look at there place of shelter as an investment they expect the price to go up and will many times put in place polices in their community that might not be for best interest of the community but will protect their their investment. When people look at it as a place of shelter it is not devastating if the price does not rise.

amother

↑ Birch ↓

Wed, Aug 28 2024, 12:20 pm

amother Sapphire wrote:

My point is that OPs idea is not absolutely foreign. It lives and flourishes in other societies.
In those societies people would feel bad for their own kids and grandkids and won’t see them stuffed into a one bedroom, as they look out of their mansion window. It fact, the others would look down on such grandparents and consider them dysfunctional and selfish. Such grandparents would be ashamed, just like modern mommies are ashamed to show up in shul and their kids are in torn casual clothes.

Giving your kids a car and a home is a basic set up for adulthood in such cultures. I believe many Jews are this way too, but not a majority.

oh my
are you for real
B"H our children and us do not have such a relationship
if we did I don't think we would be inclined to help them as much as we do
so this attitude probably gets you less of what you want
talk to a rov
learn some mussar
maybe also some chassidus

amother

↑ Brunette ↓

Wed, Aug 28 2024, 12:25 pm

amother Birch wrote:

and what about it?
they belong to someone?
they are someone's investment
someone's asset

I don't even get this mentality

what about Prince Harry? he has money! he can fund it...

The op is complaining about large homes where older ppl live alone ( but they are there year round). I was just pointing out that there are plenty of homes that stay empty for about 10 months of the year. So the community doesn’t grow and those who need homes are out priced and outstocked. This happened on my children’s blocks and on my block.

amother

↑ Brunette ↓

Wed, Aug 28 2024, 12:29 pm

GLUE wrote:

I bought for shelter. But as is the case in frum areas, it is developing and the price is going up.
Many do this. They buy a little further out at lower price., to be affordable. But we all know that as communities grow and expand prices will go up. And even if it doesn’t go up by much. Once the mortgage is paid off , it allows me to have menuchas hanefesh.