Live data from Hacker News

The U.S. Housing Boom Is Coming to an End, Starting in Dallas

wsj.com

91–100 of 162 posts

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#91
post #83

Earlier quoted context omitted.

How do you find cheap land like this? I would love to own 20 unimproved acres in rural Washington.

Umm, Zillow with the right filters. All the 20 acre plots you want for $20K. You better have a vehicle with some ground clearance.

And in many places consider that a road which is passable by a light duty 4x4 or pickup in summer, due to snow, may be snowmobile or snow cat access only in winter. Unless you pave the access road and have it plowed.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#92
post #70
post #49

I just built a home. One thing I noticed: Some builders are really stupid about reading the market and knowing what people are willing to pay. They load homes up with luxury features and then wonder why their homes sit vacant. My builder has a vacant home in my neighborhood. He ran Ethernet to all rooms, and put in other silly features, and just couldn't comprehend why his price was too high.

> He ran Ethernet to all rooms, and put in other silly features Isn't this normal by now? My house is only a few years old but wasn't particularly expensive. When I bought it, it was already wired up with ethernet - I just had to replace the wall plates (they were RJ11 outlets instead of RJ45) and hook up an ethernet switch. From what I've seen of other homes, it appears to be common for electricians to use ethernet…

Because 90% of non-tech people don't like wires. Nobody runs ethernet cables to all their devices. They don't want to have to worry about an Ethernet switch in the basement or a closet. Having a Wi-Fi router/cable modem in the bedroom is the most they want to worry about. With wireless networking they can have their devices wherever they want, without extra wires.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#93

I am quite convinced it would be possible to build a pleasantly-looking development of $25,000 sale-value housing at 50 or 70 miles away from the urbanized area and connect it with a fast transit rail to the main urbanization. Empty land should be cheap. Buyers should be plentiful. The reason why this does not happen, is because the bureaucracy prevents it. There seems to be a strong political necessity to make accom…

$25,000 can EASILY be spent, and triple that, just on getting well water, septic and electrical services to a rural property. I could buy 20 acres in Okanogan county WA right now for $18,000 but it'll be at the end of a dirt road, with no sewer, no water, and looking at $30k to extend grid electrical to it (or build a $20k off-grid photovoltaic system). I'm guessing from your comment that you've never actually done t…

Just built a 1680 square foot house on agricultural land. Septic was $18,000. Water well was $10,000. Electric company charged $3000 to bring a line out 400 feet from the road. Gas line cost even more to bring out.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#95
post #92
post #70

Earlier quoted context omitted.

> He ran Ethernet to all rooms, and put in other silly features Isn't this normal by now? My house is only a few years old but wasn't particularly expensive. When I bought it, it was already wired up with ethernet - I just had to replace the wall plates (they were RJ11 outlets instead of RJ45) and hook up an ethernet switch. From what I've seen of other homes, it appears to be common for electricians to use ethernet…

Because 90% of non-tech people don't like wires. Nobody runs ethernet cables to all their devices. They don't want to have to worry about an Ethernet switch in the basement or a closet. Having a Wi-Fi router/cable modem in the bedroom is the most they want to worry about. With wireless networking they can have their devices wherever they want, without extra wires.

The number of people that don't even have a real Wifi router and just use the POS combination modem/router that Comcast provides (and charges a frankly usurious rental fee for) them bears this out.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#96
post #68
post #62

Earlier quoted context omitted.

So would I, since wired networking is my jam. But I get the point the GP is making. The pool of potential buyers who would appreciate the value of that additional investment is small and (presumably) only getting smaller with time. Anecdote: I realized how out of the mainstream I was when recently viewing a video produced by a high-profile gamer on Youtube showing off the specifications of his desktop gaming rig via…

Modern 5ghz wireless can fully saturate most home broadband connections, and if a good router is used, the added latency is trivial. If the house isn't already wired for CAT5, wireless makes sense.

To reiterate: the point of my anecdote was to point out how out of touch I am. Sure, wireless gaming is fine.

Still, for me, I can't fathom investing the kind of money this fellow had on a gaming rig to then pair it with wireless networking. The scenario in brief: On one hand, I've opted for a blistering no-compromises frame rate, but on the other, I am tolerating a few more milliseconds of lag. Does not compute.

I remember enjoying the analysis that Riot did comparing wireless and wired gaming [1]. The chart showing the percentage of players using wired versus wireless at each of their ranking tiers is especially interesting.

In my home, I use Ubiquiti UniFi wireless access points. Comparing my workstation (wired) with my laptop (wireless, situated about 10 feet from an access point), pings to Google are delayed ~1.5ms by wireless with a few more random hiccups. Is that a big deal? No, not really for me. But then, I don't really game nor do I have dual RTX 2080s.

[1] https://na.leagueoflegends.com/en/page/ethernet-vs-wifi-ping...

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#97
post #29

Earlier quoted context omitted.

> The Federal Reserve (which orchestrates interest rates to manage inflation and achieve full employment [two of its mandates]) is not part of the US government Yes, it is. It's established by US statute, its board of governors is appointed by the President, and its personnel are paid by the US government. It is not considered part of any of the usual three branches of the US government (legislative, executive, judic…

To be fair you are both right. The board of directors is appointed by government officials and the bank was established by the Federal Reserve Act. The bank is also privately owned and not by any government. I learned this because a technology director at the Dallas bank works with me in our side job.

This is an interesting subject. The banks that work in each federal bank's district have to buy shares in the local federal bank but they don't come with voting rights. Can this be true that its kind of like being an owner of the green bay packers without voting rights? https://www.thebalance.com/who-owns-the-federal-reserve-3305... and https://www.stlouisfed.org/in-plain-english/who-owns-the-fed...

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#98
post #49

I just built a home. One thing I noticed: Some builders are really stupid about reading the market and knowing what people are willing to pay. They load homes up with luxury features and then wonder why their homes sit vacant. My builder has a vacant home in my neighborhood. He ran Ethernet to all rooms, and put in other silly features, and just couldn't comprehend why his price was too high.

How expensive is Ethernet to all rooms? That decision strikes me as a no brainer for any newly built house. Even if no one actually wants Ethernet in all rooms, it guarantees that Ethernet is present in the particular room(s) that the eventual buyer will want it in. And it will still be present in the particular room(s) that the next buyer will want it in. In contrast, if a room is missing Ethernet, it would be far m…

In 5 years, Ethernet outlets in homes will be like telephone outlets are today: a relic of a prior generation. I don't know anyone under age 50 who still has a landline phone. The next generation of home buyers won't know what an Ethernet cable is. Everything will be wireless. Apple doesn't even have Ethernet ports on their laptops anymore.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#99
post #82

Earlier quoted context omitted.

Even as a DINK millennial couple with a combined low six figure income a home purchase feels like a poor investment. Not only the down-payment of $100k+ but the property tax increases and then having to pay that mortgage for 30 years. Since we expect mobility and a certain level of future uncertainty it just doesn’t make sense for us and many more of our generation to tie ourselves to such and expensive geographic an…

You can rent out that investment if you move. Paying rent is also expensive where home prices are expensive.

If you are lucky you can get money from renting. If you were unlucky and had a house in the rust belt and jobs disappeared then few people could buy or rent your house. So people can get trapped. At least you can expunge your mortgage debt with bankruptcy. Not being able to expunge education debt is what's holding our economy down.

Re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

#100
post #56

Earlier quoted context omitted.

Almost everyone thinks a crash is coming. There has never been a crash where almost everyone has seen it coming. Therefore there will not be a crash at least in the near future. Prices might pullback but it won't be a crash.

Bitcoin? Everyone saw that coming.

A perfect example, though it seems some here are somewhat butthurt :)
Post reply on HN