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Ask HN: Do you sleep better by the ocean?

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Re: Ask HN: Do you sleep better by the ocean?

#21

Post by deathanatos »

stavros wrote: post #19
deathanatos wrote: post #14

Earlier quoted context omitted.

> It is based on them (you) driving up property prices and basic goods availability. Sounds like where I am now. Near as I can tell, nobody wants my generation to settle anywhere , because we "drive up" property prices. Like we want to pay $1M for a home, or had any hand in the local zoning idiocracy.

You don't want to, but you do . That's the problem.

At some point, there simply isn't going to be much choice; I have a job that now requires space for a home office, and at some point, a family will require space, and it can only be delayed so long. Rent goes up year after year without so much as skipping a beat for the pandemic, and so it might, in some ways, be nice to put that into equity — even equity that might crash — rather than just continuing to enrich my local landlords.

Re: Ask HN: Do you sleep better by the ocean?

#22

Post by stavros »

deathanatos wrote: post #21
stavros wrote: post #19

Earlier quoted context omitted.

You don't want to, but you do . That's the problem.

At some point, there simply isn't going to be much choice ; I have a job that now requires space for a home office, and at some point, a family will require space, and it can only be delayed so long. Rent goes up year after year without so much as skipping a beat for the pandemic, and so it might, in some ways, be nice to put that into equity — even equity that might crash — rather than just continuing to enrich my l…

There isn't choice? That makes it sound like you're forced to spend 1M on a home. There are people with families and space requirement who don't even have 10k, let alone 1M. What choice do they have?

The issue isn't that rich people buy homes in rich areas, it's that they buy homes in poor areas and poor people can no longer afford to.

Re: Ask HN: Do you sleep better by the ocean?

#23

Post by ironmagma »

stavros wrote: post #19
deathanatos wrote: post #14

Earlier quoted context omitted.

> It is based on them (you) driving up property prices and basic goods availability. Sounds like where I am now. Near as I can tell, nobody wants my generation to settle anywhere , because we "drive up" property prices. Like we want to pay $1M for a home, or had any hand in the local zoning idiocracy.

You don't want to, but you do . That's the problem.

Demand is a group phenomenon; anyone who participates in the act of desiring a house drives up the prices. It’s not just the buyers, and certainly not just a particular age group of buyers.

Re: Ask HN: Do you sleep better by the ocean?

#24

Post by ironmagma »

stavros wrote: post #22
deathanatos wrote: post #21

Earlier quoted context omitted.

At some point, there simply isn't going to be much choice ; I have a job that now requires space for a home office, and at some point, a family will require space, and it can only be delayed so long. Rent goes up year after year without so much as skipping a beat for the pandemic, and so it might, in some ways, be nice to put that into equity — even equity that might crash — rather than just continuing to enrich my l…

There isn't choice? That makes it sound like you're forced to spend 1M on a home. There are people with families and space requirement who don't even have 10k, let alone 1M. What choice do they have? The issue isn't that rich people buy homes in rich areas, it's that they buy homes in poor areas and poor people can no longer afford to.

Isn’t the issue equally that people (presumably poor people, since it’s poor neighborhoods) are selling their houses to rich buyers? It’s entirely possible to only sell to a poor person for a lower price.

Re: Ask HN: Do you sleep better by the ocean?

#25

Post by saghm »

stavros wrote: post #19
deathanatos wrote: post #14

Earlier quoted context omitted.

> It is based on them (you) driving up property prices and basic goods availability. Sounds like where I am now. Near as I can tell, nobody wants my generation to settle anywhere , because we "drive up" property prices. Like we want to pay $1M for a home, or had any hand in the local zoning idiocracy.

You don't want to, but you do . That's the problem.

The problem is people having the audacity to want to choose where they live and buy a house there? It was reasonable to do that if you were born more than 35 years ago, but if not, you're just out of luck?

Re: Ask HN: Do you sleep better by the ocean?

#26

Post by stavros »

saghm wrote: post #25
stavros wrote: post #19

Earlier quoted context omitted.

You don't want to, but you do . That's the problem.

The problem is people having the audacity to want to choose where they live and buy a house there? It was reasonable to do that if you were born more than 35 years ago, but if not, you're just out of luck?

No, that's perfectly sensible. Unless you were born in a poor area, I guess, in which case fuck you, you don't get to choose where to live OR buy a house there because all the rich people from out of town are driving you out of your own city.

But that's fine, poor people shouldn't be alive anyway.

Re: Ask HN: Do you sleep better by the ocean?

#27

Post by withinboredom »

If I had to guess, it’s about security. Sleeping on a boat, no one is getting on there without you knowing. Animals generally stay away from the undrinkable ocean and you can basically run into the ocean to escape from a predator. Most things don’t hunt in the rain. All these things aren’t permanent security, but they are a temporary reprieve from the day-to-day dangers for our ancestors. Maybe.

Re: Ask HN: Do you sleep better by the ocean?

#28

Post by mvc »

stavros wrote: post #19
deathanatos wrote: post #14

Earlier quoted context omitted.

> It is based on them (you) driving up property prices and basic goods availability. Sounds like where I am now. Near as I can tell, nobody wants my generation to settle anywhere , because we "drive up" property prices. Like we want to pay $1M for a home, or had any hand in the local zoning idiocracy.

You don't want to, but you do . That's the problem.

There's two sides to every transaction. Why blame only the buy side?

Re: Ask HN: Do you sleep better by the ocean?

#29

Post by blitzar »

stavros wrote: post #22
deathanatos wrote: post #21

Earlier quoted context omitted.

At some point, there simply isn't going to be much choice ; I have a job that now requires space for a home office, and at some point, a family will require space, and it can only be delayed so long. Rent goes up year after year without so much as skipping a beat for the pandemic, and so it might, in some ways, be nice to put that into equity — even equity that might crash — rather than just continuing to enrich my l…

There isn't choice? That makes it sound like you're forced to spend 1M on a home. There are people with families and space requirement who don't even have 10k, let alone 1M. What choice do they have? The issue isn't that rich people buy homes in rich areas, it's that they buy homes in poor areas and poor people can no longer afford to.

> That makes it sound like you're forced to spend 1M on a home

No they are 'forced' to buy a home.

The home that fulfills their needs is 1M. If they could find a home that fulfilled their needs for $5 and 10c they would spend $5.10 on their home.

The 'poor' person who sold their house to them in the poor area for $1mil ('where back in my day a house cost nothing') now has $1mil. The 'rich' person has a mortgage.

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