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re: Zillow: 242 US cities now have starter homes that cost $1M
Posted on 6/23/26 at 1:18 pm to lsupride87
Posted on 6/23/26 at 1:18 pm to lsupride87
quote:OK, Mr Victim, what would you have people do? I'm not moving to those areas so why should I care?
The amount boomers and others will stick their head in the sand
1
Posted on 6/23/26 at 1:19 pm to LSUSUPERSTAR
If you want an anecdotal data point that government interference, regulation, and taxes create an affordability and housing crisis, here you go:
New York's population is basically flat over the last five years and New Jersey's is up by about 3% over that same timeframe.
quote:
New York and New Jersey are the fastest-growing states on the list, adding 15 cities combined in the past year. New York's total has reached 41 — up from just 12 before the pandemic — while New Jersey's has grown to 26, up from only one. The pattern mirrors what Zillow found in its 2026 hottest markets analysis: Six of the 10 most competitive housing markets in the country are in the Northeast, where new construction has lagged and inventory deficits run deep.
New York's population is basically flat over the last five years and New Jersey's is up by about 3% over that same timeframe.
Posted on 6/23/26 at 1:22 pm to Hangover Haven
quote:
I think they're overlooking the definition of a "starter home"...
Posted on 6/23/26 at 1:22 pm to BabyTac
quote:
If most people can’t afford it, then don’t buy and prices will drop.
That only works if you don't have a third party controlling the supply, aka PE and China.
We only have ourselves to blame for this. We don't own shite anymore.
Posted on 6/23/26 at 1:23 pm to LSUSUPERSTAR
quote:
I was looking for sizing which should be the criteria, imo.
Correct. 1,500 sq ft IS the traditional size of a starter home.
Posted on 6/23/26 at 1:24 pm to forkedintheroad
quote:
That only works if you don't have a third party controlling the supply, aka PE and China.
Please go into more detail about what you're suggesting here and how it's affecting our housing market.
Posted on 6/23/26 at 1:28 pm to LSUSUPERSTAR
quote:
Once again, another article that doesn't define what is a starter home.
quote:
A typical "starter home" is defined for this analysis as a home in the lowest third of home values in a given region.
Posted on 6/23/26 at 1:30 pm to chrome_daddy
quote:
OK, Mr Victim, what would you have people do?
Some people just blame others. It's what the world is now.
Posted on 6/23/26 at 1:30 pm to Kinderman
Looks like a California and New York problem. With Florida’s coastal cities following behind.
Most of the US is not dealing with starter homes requiring $1M.
Most of the US is not dealing with starter homes requiring $1M.
Posted on 6/23/26 at 1:30 pm to LSUSUPERSTAR
quote:
I was looking for sizing which should be the criteria, imo.
You have to buy what is in the market.
Live in reality not some fantasy land where you make up all the rules.
This post was edited on 6/23/26 at 1:33 pm
Posted on 6/23/26 at 1:33 pm to CPA Yung Boi
Price has always been the primary factor in a starter home because they’re generally for young couples starting their lives. In the past size and cost have lined up to expectations, but in a lot of places that’s not the case anymore.
Posted on 6/23/26 at 1:34 pm to CPA Yung Boi
quote:
You have to buy what is in the market.
You don't have to buy. You can rent and wait until things get to where you're comfortable. I'm doing it right now in one of those $1MM starter home cities.
Posted on 6/23/26 at 1:35 pm to Chucktown_Badger
quote:
You don't have to buy. You can rent and wait until things get to where you're comfortable.
The American Dream: multi family living in builder grade high rises
Posted on 6/23/26 at 1:36 pm to kywildcatfanone
quote:
I googled, looks like .01% of all cities.
I think you need to put a population minimum (maybe 100k) to get an accurate percentage. You can't really compare a town with a population of 1126 to big cities.
Posted on 6/23/26 at 1:37 pm to Kinderman
So, virtually all the increase is in Cali, New York and Jersey?
Got it.
Got it.
Posted on 6/23/26 at 1:41 pm to Kinderman
“Living in Palo Alto is a human right!”
- progressive democrats (probably)
- progressive democrats (probably)
Posted on 6/23/26 at 1:41 pm to Ingeniero
dont believe Virginia at 1.
Posted on 6/23/26 at 1:49 pm to Kinderman
Yesterday I was looking at real estate listings in Charleston SC. Many 1200-1500 sq ft, 3BR 2BA homes on tiny lots going for $700k to $1M.
Posted on 6/23/26 at 1:55 pm to CPA Yung Boi
quote:
The American Dream: multi family living in builder grade high rises
Because heaven forbid someone not be able to get exactly what they want when they want it at the price they think they should get to pay.
Posted on 6/23/26 at 1:56 pm to Robin Masters
quote:
“Living in Palo Alto is a human right!”
- progressive democrats (probably)
Palo Alto is a perfect example of what I was talking about. As liberal as it comes but they created this situation themselves through their policy.
The NIMBYs there and how they set up zoning is hilarious.
quote:
Palo Alto, CA is another prominent example of a highly restrictive zoning landscape, with 80% to 90% of its total residential land zoned exclusively for single-family homes.
According to data compiled in the City of Palo Alto Housing Element, while single-family zones consume about 19% of the city's total total land area, dedicated multi-family residential zoning accounts for less than 3% of total land
This post was edited on 6/23/26 at 1:59 pm
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