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re: Housing Prices: The Whole Country Is Starting to Look Like California
Posted on 7/1/25 at 7:44 am to Solo Cam
Posted on 7/1/25 at 7:44 am to Solo Cam
quote:
You really want to help the housing crisis out? Stop allowing so many immigrants- the patels are taking over DFW
Why I was against Mike Lee's land piece of the bbb. The mfr bleeds H1Bs out of his curry destroyed bunghole.
0
Posted on 7/1/25 at 7:45 am to Chucktown_Badger
quote:They don't buy existing single family homes. What they do is the purchase "build-to-rent" developments.
I don’t know why people keep repeating the Black Rock thing. Pretty sure it’s Blackstone you should be saying.
I've literally built single family homes for blackrock before. That's why I know what I'm talking about.
I worked with a home builder in central Florida - we started a neighborhood with 3 spec homes, a company came in and said they would purchase the entire neighborhood and they were going to rent it out.
I looked up the company and it traced back to a massive investment by Blackrock into a development company.
So Blackrock doesn't buy single family homes- what they do is they invest into development companies under their umbrellas and buy entire neighborhoods, add a property manager and a pool and say it's a "mixed use build to rent development" and then they release statements like the one you quoted and people believe them.
Look up on google or chat gpt- ask if Blackrock buys "build-to-rent" properties and then ask if that includes single family homes.
You don't know why people keep saying Blackrock and I don't know why people keep trusting them.
This post was edited on 7/1/25 at 7:50 am
Posted on 7/1/25 at 7:49 am to VADawg
quote:
We don't have a shortage of housing. We have a shortage of liveable areas. Large parts of major metro areas are completely off limits. Imagine how much the housing market would open up if a young white family just starting out in life could realistically buy a house on the south side of Chicago, for instance.
This is true, but the retards of the OT will just call people soft and say they should just move to the ghetto like that’s a realistic outcome.
Then they’ll call me poor for posting this saying I can’t afford it because I’m not an idiot and realizes this is bad for everyone
Posted on 7/1/25 at 7:50 am to hikingfan
As soon as the bulk of the boomers start dying off there will be many houses available.
Posted on 7/1/25 at 8:25 am to jscrims
quote:Welcome to TD. You must be new hear. I only post on here because it gives me a sense of superiority and ultra intelligence.
Why this has so many downvotes is baffling. A high speed rail system in this country would change it dramatically but we are too stupid and economically irresponsible to improve the infrastructure of this country. Instead let’s argue about everything else.
Posted on 7/1/25 at 8:25 am to hikingfan
quote:
hikingfan
quote:
The Atlantic
Libtard posting libtard propaganda in the middle of the night with the first reply a libtard bot.
I suspect the rise in housing costs has a lot more to do with Blue State Refugees, WFH Email Job Hipsters, and Airbnb Trillionaires invading the sun belt and mountain west. It is not because of whatever clickbait bullshite is in that article.
Posted on 7/1/25 at 8:27 am to hikingfan
Love how it's always a crisis and only mention huge cities like "Phoenix (+134 %), Miami (+133 %), Atlanta (+129 %), and Dallas (+99 %)". Are these the only cities in America?
Posted on 7/1/25 at 8:28 am to Pecos Pedro
quote:
I suspect the rise in housing costs has a lot more to do with Blue State Refugees, WFH Email Job Hipsters, and Airbnb Trillionaires invading the sun belt and mountain west.
You’re an idiot
Posted on 7/1/25 at 8:29 am to jnethe1
quote:
Have you ever lived in a city? Or used public transportation?
Yea that money should be spent on the military industrial complex instead
Posted on 7/1/25 at 8:30 am to Solo Cam
quote:
chat gpt- ask if Blackrock buys "build-to-rent" properties and then ask if that includes single family homes.
ChatGPTs answer
quote:
Yes — but with an important distinction: BlackRock does invest in “build-to-rent” (BTR) developments, though it does not buy scattered single-family homes on the open market like some other institutional investors.
Also, rentals are housing units too and will relieve pressure on the market. Everyone bitches about building more housing but then they're immediately all "no, not like that!"
Posted on 7/1/25 at 8:36 am to VooDude
quote:
but Milwaukee doesn’t have many corporate jobs….
Yes, a metro area of 1.5 million people doesn't have many corporate jobs.
There's a bunch of big companies there....Northwestern Mutual, Kohl's, Fiserv, Harley Davidson, Rockwell Automation, etc etc.
And are we going to pretend that every major and midsized city in this country doesn't have thousands of engineers, lawyers, doctors, plumbers, electricians, accountants, salespeople, and every other good paying profession that literally constitutes a city?
There are tons of perfectly nice cities in this country with a good quality of life and affordable/really affordable homes. But everyone wants to focus on the handful of cities that are the "hot cities" to make a case of a housing crisis. It's dumb.
Just because you cannot afford the home of your dreams at the price you want to pay in the most popular city does not a crisis make. It shows there's a market and some people not being able to purchase there means it's working like it should.
This post was edited on 7/1/25 at 8:39 am
Posted on 7/1/25 at 8:37 am to Chucktown_Badger
quote:
Everyone bitches about building more housing but then they're immediately all "no, not like that!"
That very well could be a reasonable take.
Is that really that hard to understand?
Posted on 7/1/25 at 8:41 am to alajones
quote:
In Seattle, WA, teachers and cops can’t live in their neighborhoods. In Northern VA, no chance at ever owning a home.
You're getting close to what I think it's a more important yet more subliminal issue we don't want to address.
We're very concerned about the market but what about culture? Family? Communities?
While we can push young professionals to move to Milwaukee or Huntsville or similar cities, is that where they grew up? Is that where their family is? Is that where they identify their sense of belonging? Or is that just the place where they can make better financial investments?
I'm not sure what the solution would be or how it would be possible to help people who want to stay in their native locations. But I do think family is important, and we have a society that better rewards people for economic pursuit over community.
Posted on 7/1/25 at 8:42 am to Eurocat
quote:
If you want to bartend or be an artist or a writer, it might be best to do that in Baltimore not Boston for example.
AOC laughs at you.
Posted on 7/1/25 at 8:48 am to hikingfan
It’s pretty simple, much like with the cost of higher education, ridiculous approval of loans by banks has led to a market that says “if they get a loan for that much, I will sell it for that much”.
This caused inflation in prices along with super low interest rates and now all the factors are coinciding to make it worse.
People aren’t selling because they won’t be able to afford a better place even if they sell at a good price. There is no incentive to do so, and it actually hurts people by downgrading.
Americans don’t want small homes, and that is the issue. They all want bigger homes even when it is just two people. Reality is that American consumerism has hit the housing market and aided in this too.
This caused inflation in prices along with super low interest rates and now all the factors are coinciding to make it worse.
People aren’t selling because they won’t be able to afford a better place even if they sell at a good price. There is no incentive to do so, and it actually hurts people by downgrading.
Americans don’t want small homes, and that is the issue. They all want bigger homes even when it is just two people. Reality is that American consumerism has hit the housing market and aided in this too.
Posted on 7/1/25 at 8:55 am to hikingfan
This is overstated. Any bigger city is getting expensive but every state including California has cheap houses. The issue is no one wants to live there and they want to live where everyone else does but want it cheap
Posted on 7/1/25 at 8:57 am to Geauxgurt
Look at any real estate report for Florida and you'll see the correction happening with factual data. Since ~May of 2022 prices have leveled and are starting to drop, days on market is way up...for example, average days on market in Cape Coral in May 2022 - 9, average days on market in May 2025 - 76, median sales price is way down...from $442k to $362k.
For a long time that area of the state and Florida as a whole has lead run ups and declines in the market. It just doesn't happen overnight.
For a long time that area of the state and Florida as a whole has lead run ups and declines in the market. It just doesn't happen overnight.
Posted on 7/1/25 at 8:59 am to VooDude
quote:
high speed rail network across the country
Posted on 7/1/25 at 9:06 am to Chucktown_Badger
quote:
Look at any real estate report for Florida and you'll see the correction happening with factual data. Since ~May of 2022 prices have leveled and are starting to drop, days on market is way up...for example, average days on market in Cape Coral in May 2022 - 9, average days on market in May 2025 - 76, median sales price is way down...from $442k to $362k.
Interest rates are more than double. Total price of ownership is no different and normal people can’t cash flow the mortgage payment
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