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Small cities in America’s Mountain West are booming

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Re: Small cities in America’s Mountain West are booming

#111
post #67

Is that house in the first image made of plywood?

Yes. That's called sheeting, and it's a type of thin plywood that's used over the (solid wood) framing of the house to support the housewrap (which functions as a vapor barrier) and whatever type of exterior siding goes on it. Between the framing studs would be insulation, and on the inside of that goes drywall.

Edit: sibling comment is right, I am wrong: it is called sheathing

Re: Small cities in America’s Mountain West are booming

#112

There seems to be a lot of negativity in the comments so far. Is this not the dream that is often touted on hacker news? Work at a FAANG and "retire" somewhere more affordable? I'm personally doing just this. I was lucky enough to land a good job out of college, buy a house in a desired area, and see it appreciate in the last 10 years. This increase plus the birth of my kids left me wondering if there wasn't a better…

Grew up in a village. It's nice if you are a 10 year old boy. When you're a grown man you want to be surrounded by degenerates and atheists.

It's nice to grow up and retire.

For work ( before covid), it wasn't interesting, definitely not tech related stuff. I'll return when I'm older and have the time to maintain a garden.

I think the bound between people in smaller villages of better too. You're limited to what you have, so you accept persons more to do they are.

In cities, you tend to like up people similar to your interests. And there's more possibility that an interest changes or you don't meet at the same event anymore.

Re: Small cities in America’s Mountain West are booming

#113
post #21

Earlier quoted context omitted.

What is your solution? Have internal passports? Government owned housing? Price controls?

Raise interest rates and kill federal backed mortgages except for low income. Limit fed backed loans to 1 per household. Tax housing income as normal income. Remove 1031b exchange. Remove depreciation of homes. Tax all housing sale gains. Housing would then be affordable.

A simple option, most countries already have land tax. Just make this proportional and federal.

And by proportional I mean like income tax, so the first $1m is 0%, $1m - $3m is 1%, etc

Not sure the best numbers but should be something were most people dont pay, even can have an investment property to cover need for a rental market, but if you have significant holdings it kicks in, and people with residential empires should basically be untenable unless it is short term holding to renovate etc.

Also could apply top rates to residential property with corporate or foreign ownership so residential is for people to live in.

Re: Small cities in America’s Mountain West are booming

#114
This is happening around Australia too. People are heading for coastal regions with their 'city' money and its creating some housing issues and generally booming prices.

I think with things like starlink and solar/batteries this will only continue to more remote areas. Before water/server were the well covered utilities. Now with internet/power we can cost effectively move further afield while staying connected and sacrificing less modern convenience better than ever.

Re: Small cities in America’s Mountain West are booming

#115

Earlier quoted context omitted.

Grew up in a village. It's nice if you are a 10 year old boy. When you're a grown man you want to be surrounded by degenerates and atheists.

A lot of people grow up in an Urban environment, I don't really see any disadvantage to it. We get to meet a lot of people and there is always stuff to do. During COVID I am seeing a lot of talk about moving into the countryside with their children, as if their children are sheep which need a lot of open spaces in which to graze. But the will probably get bored and miss their friends, and probably force them to pack…

Or they make friends in the new place.

Re: Small cities in America’s Mountain West are booming

#117
post #76

There seems to be a lot of negativity in the comments so far. Is this not the dream that is often touted on hacker news? Work at a FAANG and "retire" somewhere more affordable? I'm personally doing just this. I was lucky enough to land a good job out of college, buy a house in a desired area, and see it appreciate in the last 10 years. This increase plus the birth of my kids left me wondering if there wasn't a better…

> Is this not the dream that is often touted on hacker news? Work at a FAANG and "retire" somewhere more affordable? Practically, probably not. Few people talk about that, most dont. Most will move for affordable, but wont necessary like abrupt change from FAANG and big city to small city and not much to do. They will need to adjust to different culture, new hobbies, find new friends, everything. And that is not even…

What would a small city not have to do that big city would? Or do you mean a small town. Also, what hobbies would have to be given up?

Re: Small cities in America’s Mountain West are booming

#118
post #57

For those outside of these bubbles, it’s almost unbelievable how much the housing market has completely exploded the last two years. My family is squarely in this situation - bought our home a few years ago in an extremely fast - growing area, and watched prices climb to levels that we didn’t believe at first. Imagine purchasing a home in 2019 for $500k and selling it today for $1.2M. That’s the reality in some of th…

The bubble is back. Look at the housing market and the valuations of do-nothing bullshit companies. People don't learn.

In my experience everyone knows it is all a bubble. Nobody knows what to do about it, though. So they just continue living.

Re: Small cities in America’s Mountain West are booming

#120

There seems to be a lot of negativity in the comments so far. Is this not the dream that is often touted on hacker news? Work at a FAANG and "retire" somewhere more affordable? I'm personally doing just this. I was lucky enough to land a good job out of college, buy a house in a desired area, and see it appreciate in the last 10 years. This increase plus the birth of my kids left me wondering if there wasn't a better…

You're seeing negativity because it's getting harder and harder to deny that this "dream" involves the locals getting screwed when tech monopoly money turns their local economy upside down. Sure the guy who had the foresight to start a brewery wins but everyone else loses.

You know what the end game of this looks like? It looks like Vail CO, Cape Cod MA, coastal Long Island and CT, the Hamptons, wealthy retirement areas of FL, etc. What industry is there? What opportunity is there? Well unless you want to sell your soul to the tourism industry or run some business that entertains richer people in exchange for their money (best leave your moral compass at the door if you want to succeed in those endeavors) or work in the supporting industries thereof there is exactly squat. Everyone who doesn't stand to inherit a business either gets out or gets addicted to something.

It's not unreasonably negative to not want that for ones' community or want to inflict that on some other community.

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