Lumber crash leads to 'blowout' sales as prices crater • Hacker News Board

Re: Lumber crash leads to 'blowout' sales as prices crater

#551

Post by hakfoo » Sun, Sep 19, 2021, 8:24 PM UTC

AndrewKemendo wrote: post #134

tayo42 wrote: post #25

Earlier quoted context omitted.

who has all this money to spend? everywhere everything is so expensive. i make a ton, and this doesn't add up. nothing about home prices seems to add up.

Yes! This has been my nagging question for years too. I make 5x the median wage in my county and my county has the second highest wage in the US. I see all these $M houses being sold left and right and I'd never feel comfortable buying a $M plus house. What gives?

What's confusing me is the seeming lack of location-based price gradient.

According to the estimate-o-matic tools, the house I'm in is worth about 425k. There's basicaly nowhere in this market I could take 425k and get a house meaningfully bigger or better. Not in the new-developed neighbourhoods where the maps say "eventually a grocery store is planned, but until then it's a 10km drive", not in old neighbourhoods where it was built in the 70s and the floorplans top out at 1500 square feet.

I've been trying to sell my family on the Rust Belt, but so far no dice.

Re: Lumber crash leads to 'blowout' sales as prices crater

#552

Post by xsmasher » Wed, Sep 22, 2021, 4:49 AM UTC

oivey wrote: post #192

kebman wrote: post #176

Earlier quoted context omitted.

I get the need to safeguard condominiums and high-rises, but what is that to single or duplex home owners?

Single family homeowners still don’t want to live in collapsing fire traps with railing short enough that their toddler can climb over. The building codes are also different for different building types. Not all hazards in a building will be obviously apparent to a layman.

I never realized how un-climbable railings are until your comment. Thanks for the new perspective.

Re: Lumber crash leads to 'blowout' sales as prices crater

#553

Post by exporectomy » Wed, Sep 22, 2021, 8:44 AM UTC

IIAOPSW wrote: post #378

TeMPOraL wrote: post #210

Earlier quoted context omitted.

Well, sure. So "fake news" is like a fake Rollex. But then, what the "regular" news are is a genuine Rollex, except the company secretly swapped out internal parts for low-quality, less-precise but much cheaper ones, and are selling the watch for the same price, with the same SKU[0]. Sure, buying the genuine watch supports the IP holders and gives you bragging rights, but both the genuine and the fake are bad choices…

There's legitimate gripes you can have with news, but you can't say they don't literally send a person out to conduct interviews and whatever. "Fake news" isn't just less precise or some subjective quality issue about the internals of the organization There is no internals. That's the part that's fake. Fake news is like the man at the store told you it wasn't ticking because it just needs to be wound up, wouldn't let…

Not wanting to get caught up in this analogy war but I think there's a clear distinction between "proper" news which tries hard to be factually correct and "fake news" that's just made-up lies. The problem I see is that people judge the former type as being informative and the latter as misinformative. In reality, both intentionally mislead people using different techniques - proper news by exploiting human reading comprehension weaknesses to plant false ideas in readers' heads without technically lying, and fake news by exploiting gullibility by actually lying.