Restoring Logging 9-2-24

The best way to increase logging is to give Federal land back to the States.                           

We need to increase the production of building materials to lower the cost of construction for single-family starter homes selling in the $200,000 range. The obvious locations for these subdivisions are in the Exurbs of big cities. Currently, we are allowing our forests to burn in our annual forest fire festivals.

These forests need to be given to the States who will sell them to Private Sector individuals and companies who can clean them out and prevent fires from spreading. Forests on the East Coast are owned by individuals and they don’t have forest fire festivals, because they have hoses.

Logging needs to increase supply in order to reduce the cost of lumber. Composite materials should be used wherever the house hits the dirt to prevent rotting.

Renters account for approximately 34% of the U.S. population, with 44 million housing units in the U.S. currently being rented. In the U.S. 17.2 million Millennials rent compared to 9.1 million baby boomers.

67% of adult children live with their parents.

Renting makes absolutely no sense. The best way to build intergenerational wealth is single-family home ownership, where you can ride the inflation cycle and end up receiving your mortgage payments back.

Those who earn a household income of $100,000 or more and have a downpayment of $40,000 should be able to buy a $200,000 home when mortgage rates reach 5%. If these homes can be improved to increase their value, the buyers will build equity. The monthly mortgage is $1057/mo.

A 30-year mortgage at 5% interest will result in doubling the cost of the house. It is important to pay off the mortgage as soon as possible.

Norb Leahy, Dunwoody GA Tea Party Leader