41–50 of 104 posts
Earlier quoted context omitted.
I've spent kind of a lot of time talking directly to homeowners, and while I agree a general fear of change is one of the first principal components of this problem, housing price loss aversion is definitely a real thing.
I don't care much about price loss if it is happening everywhere, so if I ever want to move to another region selling my house here will pay for one there.
> The number of cities where a typical starter home is worth $1 million or more has nearly tripled since before the pandemic, rising from 80 in February 2020 to a record 242 today. Doubt. They don't define what constitutes a city and seem to be purposely be hiding the data. There's only a count of the cities per state with no mention their names. I followed link after link and couldn't find them and gave up. Texas su…
Austin had a building glut suppressing prices. The rest of the country didn't experience that.
Remember $1M today is the same as $750K in January 2019. https://www.bls.gov/data/inflation_calculator.htm
You can't convince me there's a housing crisis when houses like this exist, https://www.zillow.com/homedetails/404-W-Broadway-Centralia-... Walkable. Passenger rail. Fiber internet. Affordable with a single income.
Something has to be horribly undesirable about that.
> The number of cities where a typical starter home is worth $1 million or more has nearly tripled since before the pandemic, rising from 80 in February 2020 to a record 242 today. Doubt. They don't define what constitutes a city and seem to be purposely be hiding the data. There's only a count of the cities per state with no mention their names. I followed link after link and couldn't find them and gave up. Texas su…
Austin had a building glut suppressing prices. The rest of the country didn't experience that.
Anyway, my point is that it comes across as deceptive by providing ambiguous information with no easily accessible data to reference and loading the article with as many advertising links as possible.
Earlier quoted context omitted.
Homeowners definitely do not believe that their home prices benefit from denser zoning. (I'm a housing activist, very close to killing off SFZ in my muni, knock wood).
Homeowners care less about their house prices than people realize - it's just a convenient excuse. Most homeowners just don't want things to change.
Housing prices only come up when people try to engage in bad faith gymnastics about how actually they only paid 200K for their two million dollar house so they're totally just ordinary middle class people with middle class concerns.
You can't convince me there's a housing crisis when houses like this exist, https://www.zillow.com/homedetails/404-W-Broadway-Centralia-... Walkable. Passenger rail. Fiber internet. Affordable with a single income.
Something has to be horribly undesirable about that.
Unlike ancient European masonry homes in some of the most passive of climates globally, a 128 year old wood construction house in the central United States is not desirable for most people. This one is in a location that gets hot summers and cold winters. Homes of this age come with substantial upkeep and modernization costs, they lack modern amenities like central air and heating, good insulation, or even a kitchen that fits normal modern appliances, they creak everywhere and are drafty, floors aren't level or are warping, they have a distinctive odor that's impossible to remove, and they harbor surprises from all sorts of things that the last 7 generations of owners did for themselves over the decades. My family has owned similar properties in Missouri. The price is reflective of the market demand, not the losses the owner dumped into it.
> The number of cities where a typical starter home is worth $1 million or more has nearly tripled since before the pandemic, rising from 80 in February 2020 to a record 242 today. Doubt. They don't define what constitutes a city and seem to be purposely be hiding the data. There's only a count of the cities per state with no mention their names. I followed link after link and couldn't find them and gave up. Texas su…
For example, the City of Sydney LGA is only one of 33 LGAs that make up what is normally known as Sydney.
Remember $1M today is the same as $750K in January 2019. https://www.bls.gov/data/inflation_calculator.htm