Earlier quoted context omitted.
Yes. A lot of this is down to environmental restrictions and building codes. Every rule a good idea in isolation, but taken together they mean you can no longer build an inexpensive house. I have a builder friend who told me in the SF East Bay he can't make money building houses except for 4000 sq ft luxury homes on tiny lots.
That's not environmental regulation that's just regular NIMBYism.
New U.S. college grads now have higher unemployment than the average worker
291–300 of 320 posts
Re: New U.S. college grads now have higher unemployment than the average worker
#292Earlier quoted context omitted.
That may be true in a very local area, but if you build something really nice in an area that wasn't very nice, the units that used to be mid are now near the bottom and have to lower their prices.
"the units that used to be mid are now near the bottom and have to lower their prices" Nah, what actually happens is the lower rung housing is either flipped to capture the increase in area pricing or the lot gets scraped, again to capture the increase in area pricing.
Re: New U.S. college grads now have higher unemployment than the average worker
#293Earlier quoted context omitted.
"the units that used to be mid are now near the bottom and have to lower their prices" Nah, what actually happens is the lower rung housing is either flipped to capture the increase in area pricing or the lot gets scraped, again to capture the increase in area pricing.
That's not the way it works. The "increase in area pricing" is just the result of adding new units. The older ones don't go up in value, so there's no increase in value to capture.
Re: New U.S. college grads now have higher unemployment than the average worker
#294Interestingly (and anecdotally), as a 10-year+ experienced college dropout, I still see challenges getting hired for jobs that list degrees as a requirement. The only time I get a call back on "front door" applications is with the fateful addendum of "OR relevant work experience". (I wonder if agents and their lack of human discretion is amplifying this.) The article's assertion that a college degree still offers an…
I know it seems awkward, but you can just lie on your resume. Most employers lie on their job ads, most applicants lie on their resumes. This is why the whole recruitment process is so broken.
Principles haven't done much good so far, but my sleep is bad enough as is.
Re: New U.S. college grads now have higher unemployment than the average worker
#295Earlier quoted context omitted.
Of course, people actually good at security are rare and in high demand. This is totally aligned with OP’s statement. IMO you shouldn’t even be thinking of going into cybersecurity straight out of college. There’s just too much you have to learn about how software works for it to be a reasonable first job out of university. There will always be exceptional people, of course, but as a general rule I’m not hiring new g…
Cybersecurity seems to be either working to fill out forms to satisfy some requirement of some company/government office, or being akin to an exhacker actually trying to improve security. Colleges seem to be producing tons of the first, hardly any of the second.
Re: New U.S. college grads now have higher unemployment than the average worker
#296Earlier quoted context omitted.
That's not the way it works. The "increase in area pricing" is just the result of adding new units. The older ones don't go up in value, so there's no increase in value to capture.
That's absolutely how it works, I've benefitted from the process several times in some areas and been entirely locked out of the market in others. You might need to closely examine the process (and margins) around house flipping if you're confused on this point.
Re: New U.S. college grads now have higher unemployment than the average worker
#297Earlier quoted context omitted.
"This is absolutely false, not true, disproven, and made up." Someone should tell the local housing market that then, because this pattern has consistently manifest over the last 20 years here. Without exception everyone I've seen make this claim isn't invested in residential real estate and hasn't closely watched how prices shift in response to new construction. In any event if you're trying to advance the claim tha…
Here's a prior discussion: https://news.ycombinator.com/item?id=44914153 It is rather fascinating that you would bring up a "gentrification is a myth claim," why would you try to insert that into my mouth? Gentrification happens all throughout the US, but in the current era it's from the under discussed type from the original literature in the 1970s: through lack of construction. When there's not enough housing to go…
Probably because the sentence you quoted and responded to points explicitly to gentrification as a primary driver of the phenomenon in question. You know, that thing you said was false, untrue, and entirely made up?
"It's all just shortage driven gentrification in every example I have been pointed to in recent times."
Fair enough, allow me to provide a few counter-examples from the regional housing market:
- three massive mixed-use development projects (in different local cities) each added thousands of rental units and mixed walkable retail to what were aging downtown-adjacent neighborhoods. Demand in this quadrant of the city spiked in response. Home prices (regardless of age or condition) in a 10 block radius tripled over the course of 4 years. Surrounding commercial real estate owners where quick to pick up on the increase in traffic and promptly raised commercial rents, driving the majority of pre-existing businesses out. These were (entirely predictably) replaced by national franchises. Area residential landlords, seeing rising commercial rents and real estate prices promptly increased rents.
- There is a phenomenon in local "blue collar" neighborhoods where developers are buying a handful of adjacent lots, scraping the existing structures, subdividing the parcels, and then putting up these utterly vile two and three story skinny block houses that combine all of the worst aspects of private home ownership and apartment living. These new units are generally priced between 175% and 500% of the pre-existing average of similarly sized houses in these neighborhoods. In every neighborhood I've bothered to watch where these things have gone up the sell price of for housing in these neighborhoods has gone up between roughly 75% to 200% over a ~4 year period following. During the same time period cost of similarly sized houses in similar neighborhoods in the area has increased by maybe a 3rd, which suggests that blanket demand for the area isn't the primary driver of the increase.
- Then there's the time two county planning boards colluded with the largest developer in the state to conjure a medium sized bedroom community from thin fucking air (well a swamp actually but you get the idea). ~1k new units added to the market a year for the last decade, targeting the entire spectrum from "affordable" apartments to two golf course communities. The price of housing and lots have skyrocketed in the surrounding area, to the point that section 8 landlords in neighborhoods 10 miles away are backing out of their agreements so they can capitalize on the increase in local rents.
The one thing all of these instances have in common is new capacity was added to an area and local rents and real estate prices increased rapidly.
Re: New U.S. college grads now have higher unemployment than the average worker
#298Earlier quoted context omitted.
That's absolutely how it works, I've benefitted from the process several times in some areas and been entirely locked out of the market in others. You might need to closely examine the process (and margins) around house flipping if you're confused on this point.
That's not how it works in my experience . And I'm old.
Re: New U.S. college grads now have higher unemployment than the average worker
#299Earlier quoted context omitted.
The mistake you're making here is in the assumption that voters have any meaningful input on policy. Given the overwhelming majority of policy at both the state and federal level is drafted by lobbyists this assumption seems questionable at best.
But that's a feature of oligarchies more than it is of democracies.
Re: New U.S. college grads now have higher unemployment than the average worker
#300Earlier quoted context omitted.
I don’t know about that, I feel like one of the issues when one person-one vote democracies is that it means the greater population demographic (aka the Boomers) hold a relatively higher proportion of the vote and thus can majority rule everyone else.
The mistake you're making here is in the assumption that voters have any meaningful input on policy. Given the overwhelming majority of policy at both the state and federal level is drafted by lobbyists this assumption seems questionable at best.