The carpetbagger’s guide to home ownership

Post by seibelj » Sun, Dec 26, 2021, 5:16 AM UTC

vinceguidry wrote: post #22

seibelj wrote: post #12

Earlier quoted context omitted.

Another way to look at it is that there is absurd amounts of empty land throughout the country. Places were undesirable and cheap, and people of moderate means bought them, improved the area, and over decades it became a desirable area. Young people need to go to shitty places that are cheap and then make the place better. Many young people want to live in SF or NYC. Go to Detroit instead.

The process of making unwanted real estate wanted is called real estate development . It's not done by "young people just moving there." That just makes crappy real estate more crowded. Real estate development is very much a "build it and they will come" sort of deal. It takes capital, a lot of it, to make an area desirable. You can't just dump it anywhere, there has to be a good reason to dump it in this particular…

Post by nitrogen » Sun, Dec 26, 2021, 5:46 AM UTC

TulliusCicero wrote: post #42

causality0 wrote: post #37

Earlier quoted context omitted.

I mean, sure. At the end of the day all land owners, and I speak as one, exist at the end of a chain that began with theft and likely violence. The surface of the earth is by nature no less a resource that should be common to all man as the atmosphere and the oceans. Neither the landlord with more than he can live on nor the renter with not enough to live on can exist without someone at some point having taken more t…

Owning as the only housing model doesn’t make sense. There’s plenty of reasons someone might prefer to rent instead, most of them having to do with not being in a position to put down roots. Which necessitates some kind of landlord.

Post by vinceguidry » Sun, Dec 26, 2021, 5:50 AM UTC

seibelj wrote: post #41

vinceguidry wrote: post #22

Earlier quoted context omitted.

The process of making unwanted real estate wanted is called real estate development . It's not done by "young people just moving there." That just makes crappy real estate more crowded. Real estate development is very much a "build it and they will come" sort of deal. It takes capital, a lot of it, to make an area desirable. You can't just dump it anywhere, there has to be a good reason to dump it in this particular…

Or just move to a shitty area that is cheaper, plenty of those around.

Post by [deleted] » Sun, Dec 26, 2021, 6:00 AM UTC

endisneigh wrote: post #25

HarryHirsch wrote: post #23

Earlier quoted context omitted.

The frontier has been settled since 1890, but housing prices have been stable from 1950 to 1980, then they started creeping up, with a big burst around 2000 and another beginning 2018. Desirable can't be the answer.

A burst happening has nothing to do with desirability not being the answer. Less desirable areas had bigger bursts. Relatively, desirable areas will always appreciate, by definition. Housing isn't a mass produced fungible commodity like a car. People comparing cars to houses make no sense.

Post by xboxnolifes » Sun, Dec 26, 2021, 6:02 AM UTC

cammikebrown wrote: post #34

rekabis wrote: post #10

Earlier quoted context omitted.

> 5) You don’t need as much house as you’ve been lead to believe. For living arrangements, you are mostly correct. I can exist very comfortably in about 1,000ft². Heck, even 800ft² would be comfy and cosy. My problem involves my hobbies and domestic activities: I need a 200ft² cool room for the enormous amounts of fruits and vegetables I harvest every year, canning all that shit needs a 150ft² summer kitchen so I don…

You don’t “need” any of that.