Bringing down the cost of housing requires a comprehensive plan that addresses the exponential increase without hurting current homeowners. Here (below) is such a list.
Prefab Housing– Increased production of prefabricated housing will enable houses to be built at a lower cost to consumers.
National Land & Indian Reserves- Allowing housing to occur in small sections where it is currently prohibited will allow a greater supply, which will cause prices to decrease over time. Of course, the use of housing in tribal areas will have to be approved by the native american community living there, and additional revenue and jobs should be strong incentives.
50 Year Mortgages with early payouts — This will definitely lower monthly mortgage payments, while early payouts without penalties can ensure it doesn’t last too long for such individuals.
Conversion- Permitting and/or pushing empty commercial property to be utilized for partial or complete residential housing will allow supply to increase.
Less Red Tape/Regulation – Safety is our first concern, but unnecessary regulations and red tape have increased property development costs and must be eliminated.
Senior Living Development- Having more options for seniors will make it easier for them to move out of larger houses that have outlived them into a more comfortable, social atmosphere instead.
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