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re: Housing Prices: The Whole Country Is Starting to Look Like California
Posted on 7/1/25 at 1:29 pm to Chucktown_Badger
Posted on 7/1/25 at 1:29 pm to Chucktown_Badger
quote:
Austin is still very overpriced and out of reach for many buyers,
Thanks for admitting you were wrong
1
Posted on 7/1/25 at 1:30 pm to DownshiftAndFloorIt
quote:
We dont have a housing crisis. We have a crime crisis.
The problem is vast swaths of urban development are basically uninhabitable if you care about being safe. Fix that and the "housing crisis" is resolved.
I agree this is a huge piece of this, especially in major cities. There are massive sections of cities where the crime and homelessness are so bad, they are completely removed from the housing supply.
Posted on 7/1/25 at 1:31 pm to VooDude
quote:
Massive economic development and you could live 2 hours outside of major cities
Okay so the rail drops you off about 20 miles from the city center because the city is so densely populated and land is so expensive that you would have to tear down homes/buildings using eminent domain for billions of dollars (ruining the tax base in the process) to get the rail line terminus anywhere near a populated (walkable) area. Therefore if you commute, you have to take the rail and then call a $40 Uber to take you anywhere
Posted on 7/1/25 at 1:32 pm to TigerBaitOohHaHa
quote:
Okay so the rail drops you off about 20 miles from the city center because the city is so densely populated and land is so expensive that you would have to tear down homes/buildings using eminent domain for billions of dollars (ruining the tax base in the process) to get the rail line terminus anywhere near a populated (walkable) area. Therefore if you commute, you have to take the rail and then call a $40 Uber to take you anywhere
Have you never been to a big city? Jesus
Posted on 7/1/25 at 1:32 pm to hikingfan
quote:
“This is exactly what happened in many coastal cities in the 1980s and ’90s,” Armlovich told me. “Once you run out of room to sprawl, suddenly your zoning code starts becoming a real limitation.”
You mean when people flee high-cost areas en masse it creates more demand in the areas they flock to?
Well frick me runnin'... I'duh nevuh thawt uv dat.
Posted on 7/1/25 at 1:33 pm to Mingo Was His NameO
quote:
Thanks for admitting you were wrong
You're having trouble keeping track of some pretty easy to digest points that I've made.
1) Plenty of affordable starter homes out there in tons of cities across America, for anyone who wants one
2) The correction is happening and the market always responds
Try to keep up.
Posted on 7/1/25 at 1:35 pm to hikingfan
Housing crisis is because too much of our job market is concentrated in about a dozen major Metropolitan areas. Either build more houses there or spread more jobs across the country.
I know some boomer on here will say "just move to Macon instead of Atlanta, its way cheaper, problem solved." A lot of us can't find jobs in our field area in towns like that. It doesn't work like that anymore.
I know some boomer on here will say "just move to Macon instead of Atlanta, its way cheaper, problem solved." A lot of us can't find jobs in our field area in towns like that. It doesn't work like that anymore.
Posted on 7/1/25 at 1:35 pm to Bard
quote:
You mean when people flee high-cost areas en masse it creates more demand in the areas they flock to?
I've tried to make this point multiple times but it appears people are being intentionally obtuse because they have entitled, unrealistic expectations or just strongly desire being a victim.
Posted on 7/1/25 at 1:35 pm to TrueTiger
quote:
Or telecommute using high speed Internet.
The trend is back to office in person because Boomer and Gen X management can't change and can't tolerate the idea that someone is at home nursing a sick child and doing the same amount of work in 3 hours that they would do in 10 in person in the office. Telecommuting requires more monitoring of employee productivity and that is simply too much to ask of most people in management positions whose idea of attracting and keeping talent is to threaten them with unemployment for using the bathroom. The window was open during COVID....it has slammed shut for at least a generation because management was unable to tolerate the idea that they could not easily and with little or no effort keep their foot on the necks of their employees....
Posted on 7/1/25 at 1:37 pm to Defenseiskey
quote:
Either build more houses there
Are you suggesting that homes and apartments are not going up like crazy in those cities?
shite, I live in Charleston and people are bitching constantly about all the new apartments being built. quote:
spread more jobs across the country.
Anyone is free to start a business in any city in America they'd like
Posted on 7/1/25 at 1:39 pm to Chucktown_Badger
quote:
Plenty of affordable starter homes out there in tons of cities across America, for anyone who wants one
When factoring in the job markets in those cities, not really. A lot less than there used to be certainly.
quote:
Try to keep up.
I’m up to date with what you are saying just fine. You just usually aren’t this stupid so it’s a bit surprising
Posted on 7/1/25 at 1:40 pm to junior
quote:
I doubt it would "fix" housing prices, but having increasing tax rates for someone's second and even higher tax rate for third or forth home wouldn't hurt.
Also, Add 10-25% if you own a home and aren't a citizen.
There is already a precedent....homestead exemption. Homestead property taxes should be about what the school tax is and that is it. Any other property should be taxed at a much higher rate. Would be hard on renters but the offset is mobility associated with renting. The county I live in has a massive number of high value lake houses and they are taxed at about the same rate as primary residences when they are investment properties for the most part. We are building one ourselves. It will eventually be our retirement home and primary residence but that is several years from now.
Posted on 7/1/25 at 1:43 pm 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.
The president of El Salvador would have this problem fixed in a week.
Wow LOL. What about a young Hispanic family that aren't criminals, you know, the vast majority of Hispanics? Black folks are largely not criminals, do they count or should we El Salvador them all just to get the "bad ones".
Posted on 7/1/25 at 1:46 pm to Mingo Was His NameO
quote:
Have you never been to a big city? Jesus
Yes I live in one dipshit. Tell me how to connect fricking Houston center to anywhere? Dig underneath it? We have development sprawl an hour in every direction. The other cities I’ve been to (and lived in) Paris and London, have tunnels from a hundred years ago that they can tag on to their rail. High speed takes you to a subway terminal and you switch trains to get around the city. That is my entire point
Houston floods at least once a year. Sometimes two or three times. Running rail underground to the extent that would be required to connect to a high speed network is not even feasible
This post was edited on 7/1/25 at 1:50 pm
Posted on 7/1/25 at 1:48 pm to Dire Wolf
quote:This is why you go to business school to figure that out.
where she got the capital to do all that
Posted on 7/1/25 at 1:50 pm to AwgustaDawg
When whites move out to the suburbs it is considered bad, and "urban flight aka white flight" and what can we do to stop it?.
When they move back it's considered "gentrification" and that is thought of as bad too and what can we do to stop it?
Can't win with some people.
When they move back it's considered "gentrification" and that is thought of as bad too and what can we do to stop it?
Can't win with some people.
Posted on 7/1/25 at 1:51 pm to HubbaBubba
quote:
This is why you go to business school to figure that out.
You or one of her partners parents gave it to her
Which is great that you or they could afford to do that and they’re smart enough to deploy it. But no outside investor is giving a couple of 24 year olds money to invest in residential real estate. Not sure why you’d be so coy about that
This post was edited on 7/1/25 at 1:53 pm
Posted on 7/1/25 at 1:52 pm to hikingfan
I have a fix for at least part of the problem and it works in some parts of the world. We should import ALL menial labor from other nations like Taiwan, the Phillipines and Africa. If, as we have been told, outsourcing manufacturing jobs to low wage locations has proven to be an economic boom for middle class America in that it got them out of shitty factories and into offices imagine what doing basically the same thing would do for truck drivers, electricians, plumbers and any blue collar trade type job???? It'd be great....no American would have to do that shitty work and the cost of everything would be akin to that $6 pack of 3 T-Shirts at Walmart made in Sri Lanka! It works in the middle east....the locals do not do any manual labor in Saudi Arabia or The UAE....we do it on a bunch of our military bases around the globe...it works perfectly. Of course it would mean a few carpenters would lose their job to Fillipino carpenters but overall the lower prices would eventually benefit the auto mechanic who lost her job. We have been told since the Reagan revolution that offshoring manufacturing was good for American workers because it reduced prices...it would certainly do the same thing if we imported all manual labor in this country....hell eerybody would have a 6 figure job in an air conditioned office....there is no down side and its all upside if it was good for middle class America with manufacturing....
Posted on 7/1/25 at 1:56 pm to Mingo Was His NameO
"West Hartford is like 20% higher COL than the national average"
Because you CAN get a good paying job there. It is more difficult to get a VP of Sales job for 250k in New Mexico than it is in Hartford. Not impossible of course. Plus you are a drive or train trip (too long to make daily but not weekly) from Providence, Boston, NY where your global HQ might be or the main HQ of your law firm.
Because you CAN get a good paying job there. It is more difficult to get a VP of Sales job for 250k in New Mexico than it is in Hartford. Not impossible of course. Plus you are a drive or train trip (too long to make daily but not weekly) from Providence, Boston, NY where your global HQ might be or the main HQ of your law firm.
Posted on 7/1/25 at 2:00 pm to Geauxgurt
quote:
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.
Americans don't want smaller houses but a big reason why is zoning and codes make building small impractical economically. First dirt is expensive if it is within a reasonable commuting distance which in 2025 means invading more rural areas adjacent to hubs of employment and those areas are now owned by people with multiple acres who aren't interested in selling at any price and will lobby their local building departments to prevent the construction of anything that will negatively impact their property values. The fact that most Americans main source of wealth is a pile of bricks that really isn't an investment but is instead a necessary evil that may appreciate in value over time and offset the cost of ownership is a major obstacle....if people had income enough to build true wealth outside of their primary residence they would not be so damned focus on maintaing the steep increase in that properties value but we do not live in that world.
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