Will real estate ever be normal again?
nytimes.com
Will real estate ever be normal again?
1–10 of 620 posts
Re: Will real estate ever be normal again?
#2Clickbait title. Article is about the real estate prices in Austin, TX after Tesla announced the move there.
Will real estate ever be normal again? I think that what's happening in real estate is perfectly normal from an economics point of view. Mortgage rates are extremely low, more people are moving because of remote work opportunities, and the younger folks wanting to buy homes now outnumber the baby boomers, all of which has created high demand for houses. Zoning regulations seem to have limited the construction of denser, multi-family home options like townhomes, duplexes, etc. And construction of new homes was likely affected by supply problems with labor and materials during the height of the pandemic.
Re: Will real estate ever be normal again?
#3Should have a (2007) in the description. :)
Re: Will real estate ever be normal again?
#4Should have a (2007) in the description. :)
[deleted]
Re: Will real estate ever be normal again?
#5Renters and buyers are increasingly in the same boat - the one where people with money in the bank are finding there's nowhere to live.
In the case of renters, many with savings are facing homelessness - once those savings are burned up on hotels. This isn't a dramatization or overstatement. It's what I'm witnessing personally and very nearly happened to us. We were one of the few to beat long odds and score a place to live.
Re: Will real estate ever be normal again?
#6I commented on this same article yesterday:
https://news.ycombinator.com/item?id=29212851
Here is a link to a relevant article on the zoning part of the problem, posted today:
Re: Will real estate ever be normal again?
#7Should have a (2007) in the description. :)
https://www.nytimes.com/2021/11/12/magazine/real-estate-pand...
The publication year is 2021, which is the typical way a story is tagged. I have to wonder why 2007 and not 1913 or 1929? Throwing out a date does not imply a specific context or add to the discussion.
Re: Will real estate ever be normal again?
#8Renters and buyers are increasingly in the same boat - the one where people with money in the bank are finding there's nowhere to live. In the case of renters, many with savings are facing homelessness - once those savings are burned up on hotels. This isn't a dramatization or overstatement. It's what I'm witnessing personally and very nearly happened to us. We were one of the few to beat long odds and score a place…
Why don't you move to a cheaper place/smaller city? I don't understand why there are some many homeless people in big cities (i.e NYC). If people would just move to cheaper areas/cities the whole issue of housing would be fixed.
Re: Will real estate ever be normal again?
#9Should have a (2007) in the description. :)
https://www.nytimes.com/2021/11/12/magazine/real-estate-pand... The publication year is 2021, which is the typical way a story is tagged. I have to wonder why 2007 and not 1913 or 1929? Throwing out a date does not imply a specific context or add to the discussion.
Sorry, just a joke.
Re: Will real estate ever be normal again?
#10Renters and buyers are increasingly in the same boat - the one where people with money in the bank are finding there's nowhere to live. In the case of renters, many with savings are facing homelessness - once those savings are burned up on hotels. This isn't a dramatization or overstatement. It's what I'm witnessing personally and very nearly happened to us. We were one of the few to beat long odds and score a place…
Why don't you move to a cheaper place/smaller city? I don't understand why there are some many homeless people in big cities (i.e NYC). If people would just move to cheaper areas/cities the whole issue of housing would be fixed.
My community is here. How is it just that I be forced into exile because “the market” says so? I’ve done no wrong.