[camgunz]

Not everyone can or wants to be persistent enough to do this kind of thing. In isolation these stories are interesting. As policy, these stories argue against changes to housing and zoning in the US, which are obviously needed. Like, "live in and remodel a shed and wait to capitalize on a historically bad housing market wipeout" isn't useful advice, much less a housing policy.

[more_corn]

That was your takeaway? Mine was entirely different. Here are some things I took away: ADUs and in-law units are great. It’s too hard for a group of friends to buy an apartment building. They had to masquerade as a slumlord to do it. That’s probably a failing in laws and policies. Buying property is a viable strategy to rise in this society. Buying land and building a house is possible, but harder than it should be. It’s possible to buy damaged property, make it livable and rent it to people who want it without selling your soul.

I’ve got some money in the stock market that would probably serve humanity better if I bought some unlivable property and spent the time and money to make it livable. Not sure if I want to be a landlord, but the first part appeals to me. We need more housing and I’d love to put my resources behind that effort. Yes, we need sweeping policy changes too. Link me your proposal and I’ll give it a read.

[camgunz]

I'm not saying those things aren't in there, but they're pretty niche. Like, how often is a group of friends trying to buy a multi-unit building?

The big bad here is lack of housing supply brought on by NIMBY-ism and a shortage of tradespeople (maybe this also speaks to our inability to evolve housing construction as well), and the danger is more or less that policymakers and voters will read this story and think "see, all you have to do is <list of ridiculous and lucky things> and you too can own a home in one of the most expensive places on Earth."

For policy and such, the problem is complicated. Going to housing site:vox.com in DDG isn't a bad idea. But secondarily, I'm interested in prefab and modular housing. A lot of it is better suited to modern housing needs (more efficient--not just 2x4s, fiberglass and Tyvek, cheaper, less construction waste, way less build time on site, smaller and thus higher density, etc).

[aww_dang]

Agreed. I'm not advocating for a housing policy in this observation.

Waiting for housing policy to fit with your ideal of a just world isn't reasonable advice for everyone. There are things which for practical intents and purposes, are beyond our control. If you are looking for change, it is better to focus on the things within immediate control.

[camgunz]

Super agree, but I will say I have a hard time ignoring the feeling that more and more things that used to be in my control are now beyond it.

[aww_dang]

Isn't that one of the problems with the pessimistic lament at the top of this thread?

Conditions are rarely if ever static for extended periods of time. The entrepreneur must adapt to the opportunities presented. The popular idiom is, "Where one door closes, another opens".

The observation about 2008 housing prices was telling. A market can stay depressed for extended periods of time. Pessimists could have experienced that same market and missed the opportunity. When evaluating in hindsight the uncertainty of imperfect information inside the moment can be overlooked.

Not only are opportunities constantly changing, but each individual brings unique knowledge to any given situation. Therefore the opportunities in a given situation are differ from one individual to the next. From this point it is easy to see to the value of adaptation and innovation. The man in the article didn't just accept the world as it is, he thought out of the box and created solutions where others saw problems.

I agree that things have changed and that doors have been closed. Some of them may never open again in our lifetimes. Yet at the same time I feel optimistic. There are incredible opportunities all across the Internet. Many here have the technical skills to realize them, but they lack the entrepreneurial vision.

[camgunz]

I mean, we can keep restating our positions here:

aww_dang: there's always an opportunity somewhere

camgunz: that may be true, but it can also be true there are fewer opportunities, which I find worrying

aww_dang: but what does that matter if there's always one

camgunz: I think the total number of opportunities matters

aww_dang: I don't