Upcoming Housing Crash Threatens To Destroy Kansas City Suburbs!!!

For some strange reason our suburban neighbors mistakenly think they're insulated from the racially charged politics of the urban core. 

Or, even worse, they actively engage in divisive rhetoric that often accompanies the politics of the inner city and then run back to the relative "safety" of outlying areas.

All of that is quickly changing and mindless partisan politics won't help to delay the inevitable.

Remember that just last month the Kansas City northland had their political infrastructure turned upside down by 12th & Oak. 

On the Kansas side we've seen the futile fight against more and more crowded and lower income housing developments. 

The buildings keep going up along with the blood pressure of longtime residents.

This passage offers a bit of insight into the trend . . .

"Experts point to a number of reasons that the housing supply isn’t keeping up with demand, but one in particular has become a primary target for reformers: single-family zoning. Single-family zoning is a regulation that makes it illegal to build anything other than an individual, detached home on a plot of land — meaning dwellings like townhouses, apartments and duplexes that can house multiple tenants aren’t allowed . . . Recently, lawmakers in blue states and cities have moved to roll back zoning rules in hopes of spurring more development."

Accordingly . . .

An upcoming housing crash will only serve to accelerate the demand for "affordable housing" in the suburbs. 

Meanwhile . . .

Single-family homes are becoming a legacy of the past as the global economy evolves past the one of the tenets of the American century. 

Read more via www.TonysKansasCity.com news links . . .

Will the U.S. Housing Market Crash in 2022?

Housing prices exploded during the pandemic. Due to a mix of low interest rates and limited availability in desired areas, people bid up the price of homes leading to an overall increase of 11.3% in 2020 and 16.9% in 2021, according to data from Freddie Mac.

Housing Bubble? Buyers Say Yes, Economist Says No

Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin's chief economist says rising mortgage rates and buyers who can afford their homes are preventing a bubble. According to a survey in a new report from Redfin, 77% of homebuyers and sellers believe there's a housing price bubble in the area where they live.

Would banning single-family zoning solve the housing crisis?

The housing shortage in the United States, a problem that has persisted for decades, has become even more acute since the start of the coronavirus pandemic. The country has somewhere between 3.8 million and 5 million fewer housing units than it needs, according to various studies of the market over the past two years.

Developing . . .