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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/27/24 at 4:00 pm to Locoguan0
Posted on 4/27/24 at 4:00 pm to Locoguan0
quote:
There is no housing crisis.
There is no housing cost crisis.
There are a lot of people who unwilling to live in a place that isn't their dream location. I bought in St. George (oh, yeah, that's right) because the same house in a decent neighborhood in town would cost twice as much. Simple as that.
Look at Colorado. Everyone wants to live in the Front Range cities with quick access to the mountains. No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price.
Because none of those places have jobs, dipshit. The Boomer School of Economics strikes again.
Posted on 4/27/24 at 4:52 pm to Limitlesstigers
quote:
Because none of those places have jobs, dipshit. The Boomer School of Economics strikes again.
I love that an entire generation views themselves as housing investment geniuses because they were able to buy reasonable starter homes in attractive areas and then got to watch their equity skyrocket over the course of their lives because they kept supporting restrictive NIMBY zoning bullshite. Now that they’ve completely strangled the attractive areas to live, their solution is to tell people to go live where no one in the several hundred year history of this nation has ever wanted to live
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