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Started By
Message
re: The Atlantic: the great affordability crisis breaking America
Posted on 2/10/20 at 8:58 am to teke184
Posted on 2/10/20 at 8:58 am to teke184
quote:
Doesn’t necessarily mean to a completely different market.
People who work in Manhattan can live in Joisey or Connecticut.
Sure there is some choice involved here
You don't have to live in the greatest neighborhood just because you work in the proximity. There are other options if you don't mind commuting. I'm just saying that these real estate markets aren't the result of taxation. They're the result of the market.
2
Posted on 2/10/20 at 8:58 am to Magician2
Any centrally located place in all those cities are also very pricey. Wanting to live in the middle of where everyone else also wants to live is always pricey.
Some cities do the residents no favor however by limiting development height and placing unnecessary restrictions on residency amounts.
Some cities do the residents no favor however by limiting development height and placing unnecessary restrictions on residency amounts.
This post was edited on 2/10/20 at 9:01 am
Posted on 2/10/20 at 9:00 am to Powerman
quote:
quote:
Um.. move?
To where there is no opportunity for your skills?
If you can only ply your trade in downtown SF or NYC then you have chosen poorly and you must therefore pay the price the piper demands.
Supply. And. Demand.
Highly desirable skillset and education, paired with universal applicability and high demand = geographic and lifestyle freedom.
Tough concept.
Posted on 2/10/20 at 9:00 am to SquatchDawg
quote:
100% financing at 3%?
Damn son where have you gotten this? I’ve seen 100% financing but that was at 4+%
Posted on 2/10/20 at 9:00 am to SquatchDawg
quote:
Do you think these homes would be as big and expensive if you couldn’t arrange 100% financing at 3%?
You think these homes are big?
Posted on 2/10/20 at 9:00 am to The Pirate King
"sub"-urbanization and better public transport solves this
people, namely millennials, need to get their heads out of their asses and realize they don't need to live in city centers, buying $8 starbucks coffee (which sucks) every day.
people, namely millennials, need to get their heads out of their asses and realize they don't need to live in city centers, buying $8 starbucks coffee (which sucks) every day.
Posted on 2/10/20 at 9:00 am to Powerman
quote:
I'm just saying that these real estate markets aren't the result of taxation. They're the result of the market.
Ehhh, sort of. There are a whole lot of market distortions (mostly governmental) that come with urban real estate in most of those areas, though.
Posted on 2/10/20 at 9:01 am to The Pirate King
I really love affordable KC housing.
Posted on 2/10/20 at 9:01 am to teke184
Major liberal cities are all the author knows anything about? 
Posted on 2/10/20 at 9:02 am to Apollyon
quote:
If you can only ply your trade in downtown SF or NYC then you have chosen poorly and you must therefore pay the price the piper demands.
Supply. And. Demand.
Highly desirable skillset and education, paired with universal applicability and high demand = geographic and lifestyle freedom.
Tough concept.
So elite software engineers can find gainful employment in New Orleans?
Posted on 2/10/20 at 9:02 am to Powerman
quote:Wrong. Higher values (assessed by a public official) = higher property taxes to feed the liberal machine.
Taxes are almost irrelevant in this discussion.
Posted on 2/10/20 at 9:04 am to HubbaBubba
quote:
Wrong. Higher values (assessed by a public official) = higher property taxes to feed the liberal machine.
But that has nothing to do with the purchase or appraised prices of the homes
You simply are not going to find a home in SF Bay area that you would consider a reasonable price compared to the rest of the country
Posted on 2/10/20 at 9:04 am to Powerman
quote:
Maybe ask yourself what % of the population lives in these 10 cities?
It’s not big enough, thankfully, to impose their idiocy on the rest of us.
It IS big enough, apparently, that they have a housing shortage and they can’t figure out that their policies caused it. In any event that would be a “liberal metro area” crisis, not a national one.
Posted on 2/10/20 at 9:06 am to Powerman
quote:So you don't think a public official would be pressured to keep property assessments (tax base) higher and higher every year to feed the fatted cow?
But that has nothing to do with the purchase or appraised prices of the homes
Posted on 2/10/20 at 9:08 am to Powerman
Reading is fundamental
quote:
Highly desirable skillset and education, paired with universal applicability and high demand = geographic and lifestyle freedom.
Posted on 2/10/20 at 9:11 am to SSpaniel
quote:
Um.. move?
When they do, they bring their liberal views with them.
That's why Collin County TX is more blue than Denton County, even though the latter has two liberal universities within it.
Posted on 2/10/20 at 9:12 am to Powerman
quote:
Maybe ask yourself what % of the population lives in these 10 cities?
What does that have to do with this being a problem narrowly focused in large urban coastal metropolises, specifically in the highest priced parts of those urban areas? Are you stupid?
Posted on 2/10/20 at 9:12 am to The Pirate King
quote:That's steep. A 555 SqFt apt for $1m?
In Manhattan, listings for sale now ask an average of nearly $1,800 per square foot.
Posted on 2/10/20 at 9:14 am to The Pirate King
quote:
. The housing cost crises in the Bay Area and New York might be the country’s most obscene.
I can't afford Tiffanys either. So I don't go in. Is this a national crisis now?
Posted on 2/10/20 at 9:15 am to The Pirate King
quote:
The price of housing represents the most acute part of this crisis. In metro areas such as the Bay Area, Seattle, and Boston, severe supply shortages have led to soaring prices—millions of low- and middle-income families are no longer able to purchase centrally located homes.
Supply and demand
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