slimyprincelimey t1_j9aehjh wrote on February 20, 2023 at 2:06 PM

I've never seen as many condo/apartment projects before in my life here. Portsmouth has dozens of active projects or projects that just finished up. Good medium density stuff, too.

FatherOfTheVoid t1_j9afl9l wrote on February 20, 2023 at 2:15 PM

At this point I'd take some of that Soviet block housing to easy prices.

slimyprincelimey t1_j9anjea wrote on February 20, 2023 at 3:15 PM

Honestly I think it's what people want at this point, minus the lack of AC and shared toilets. Seems like the attempt to dress places up like quasi luxury is just causing higher prices.

Neighborhood_Lesbian t1_j9bapfk wrote on February 20, 2023 at 5:49 PM

It's a good way to keep younger people in the state.

MethBearBestBear t1_j9do4b5 wrote on February 21, 2023 at 3:52 AM

Almost all for rent or way too high priced for locals.

Source: Me, a born and raise New Hampshirite, portsmithian for the past 6 years, struggling to find housing while making decent money looking up to 45 minutes from town as i work on the coast

slimyprincelimey t1_j9fobhb wrote on February 21, 2023 at 4:14 PM

Demand has far outstripped supply. Building more is increasing supply. There's no magic wand you can wave to decrease costs without making more housing.

MethBearBestBear t1_j9fq8pc wrote on February 21, 2023 at 4:27 PM

There is no magic wand but discouraging people buying a third rental property out bidding the first time home owner and offering support to first time home owners would assist with the issue. Supply and demand has 2 factors. More houses fixes the low supply high demand but lowering the demand is easier than increasing supply.

Yes multifamilies being built faster than single family has cause a conflict between high demand of downsizes and first time home buyers but this is usually maintained by the group of small house owners leaving smaller houses opening up properties. The issue now is people holding onto additional homes for rent or "as investments" causing an artificial restriction in supply

slimyprincelimey t1_j9gc1en wrote on February 21, 2023 at 6:53 PM

Offering support to first time home owners would increase demand significantly because it would increase the pool of people that can buy houses. And, I'd be curious how you suggest we "discourage" people from buying properties.

The only way out is to increase supply, or decrease demand.