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Housing costs are so high that divorced couples are still living together

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Re: Housing costs are so high that divorced couples are still living together

#61

Post by epicureanideal »

threeseed wrote: post #56
xutopia wrote: post #47

Earlier quoted context omitted.

That's disingenuous to some extent. Housing is beyond reach for many folks nowadays and jobs don't follow in the smaller towns you mention and you'd put yourself at risk of being surrounded by no one your age. Of course people want to live close to their social circle.

Housing is significantly more affordable outside inner city suburbs. And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach. But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.

Anywhere within an hour drive of the SF Bay Area is hugely expensive. Most of California is expensive even away from the big cities. Sacramento is expensive now.

Re: Housing costs are so high that divorced couples are still living together

#62

Post by Pet_Ant »

ethanwillis wrote: post #54
robjan wrote: post #45

Earlier quoted context omitted.

The work is in the cities

Even if it is it doesn't invalidate the argument. Outside my "city" you can get housing for much much cheaper and have the same commute as if you lived in the city itself. But at some point you're going to have to give up this notion that population density can be made infinite. At some point you can't simply cram more "work" into a city.

> But at some point you're going to have to give up this notion that population density can be made infinite.

Tokyo, Beijing, Hong Kong, and Singapore would like to have a word with you.

Re: Housing costs are so high that divorced couples are still living together

#63

Post by 4death4 »

slymon99 wrote: post #57
threeseed wrote: post #38

> Housing Costs Are So High They left out the "in the trendy, inner city areas we want to live in" part. Because whilst housing prices are rising in cities we are also seeing major declines in populations for smaller towns. And whilst our parents were willing to sacrifice and embrace these towns which in turn became gentrified it doesn't seem current generations feel the same way.

Cities have jobs. Cities have opportunity. Cities have diversity. Why should we expect, encourage, or even desire that young people sacrifice economic and social opportunity and mobility? Why is the response to high housing cost in cities lecturing "current generations" about their choices? There are glaringly obvious problems in many of our cities that make housing so expensive. Is it so outrageous to try to solve t…

But why do cities have all the opportunity? Most likely because the capital owning class lives in cities and has been systematically draining wealth from more rural areas via globalization and the erosion of workers' rights. I'm not saying young professionals need to concern themselves with such lofty ideals, but I do think it's a valid to question why there are only a few pockets of opportunity left in the country.

Re: Housing costs are so high that divorced couples are still living together

#64

Post by slymon99 »

threeseed wrote: post #56
xutopia wrote: post #47

Earlier quoted context omitted.

That's disingenuous to some extent. Housing is beyond reach for many folks nowadays and jobs don't follow in the smaller towns you mention and you'd put yourself at risk of being surrounded by no one your age. Of course people want to live close to their social circle.

Housing is significantly more affordable outside inner city suburbs. And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach. But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.

Comparing living near jobs and quality schools to living by a mansion on the beach is quite unfair - people don't solely desire the luxury of cities, they desire the opportunity for themselves and their families.

"Working your way up the property ladder"? The median sale price for a house in Westchester County, NY is seven hundred and fifty thousand dollars. With insurance and property taxes and the current interest rate, that's over six grand a month. That's a hair shy of the US median household income (before taxes!). How exactly is a person ever supposed to afford that?

Re: Housing costs are so high that divorced couples are still living together

#65

Post by threeseed »

slymon99 wrote: post #57
threeseed wrote: post #38

> Housing Costs Are So High They left out the "in the trendy, inner city areas we want to live in" part. Because whilst housing prices are rising in cities we are also seeing major declines in populations for smaller towns. And whilst our parents were willing to sacrifice and embrace these towns which in turn became gentrified it doesn't seem current generations feel the same way.

Cities have jobs. Cities have opportunity. Cities have diversity. Why should we expect, encourage, or even desire that young people sacrifice economic and social opportunity and mobility? Why is the response to high housing cost in cities lecturing "current generations" about their choices? There are glaringly obvious problems in many of our cities that make housing so expensive. Is it so outrageous to try to solve t…

Housing prices in cities are rising across the world.

And it's all driven by simple economics. Demand is increasing faster than supply.

Now if young people want to participate in this market then all the best to them. I'm not stopping them. But statistically they have less purchasing power and demanding that the entire world ignore that fact is not realistic.

Re: Housing costs are so high that divorced couples are still living together

#66

Post by sanp »

threeseed wrote: post #56
xutopia wrote: post #47

Earlier quoted context omitted.

That's disingenuous to some extent. Housing is beyond reach for many folks nowadays and jobs don't follow in the smaller towns you mention and you'd put yourself at risk of being surrounded by no one your age. Of course people want to live close to their social circle.

Housing is significantly more affordable outside inner city suburbs. And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach. But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.

Relative to income? Every single Metro areas in this list has seen affordability drop significantly (even Hooverville).

https://cdn.nar.realtor//sites/default/files/documents/metro...

Re: Housing costs are so high that divorced couples are still living together

#67

Post by 8note »

threeseed wrote: post #56
xutopia wrote: post #47

Earlier quoted context omitted.

That's disingenuous to some extent. Housing is beyond reach for many folks nowadays and jobs don't follow in the smaller towns you mention and you'd put yourself at risk of being surrounded by no one your age. Of course people want to live close to their social circle.

Housing is significantly more affordable outside inner city suburbs. And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach. But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.

That doesn't mean those areas haven't also gone up a ton

Re: Housing costs are so high that divorced couples are still living together

#69

Post by mlinhares »

ethanwillis wrote: post #54
robjan wrote: post #45

Earlier quoted context omitted.

The work is in the cities

Even if it is it doesn't invalidate the argument. Outside my "city" you can get housing for much much cheaper and have the same commute as if you lived in the city itself. But at some point you're going to have to give up this notion that population density can be made infinite. At some point you can't simply cram more "work" into a city.

Dude, when NYC has half the density of Paris, there is so much more density to be added to cities in the US.

And this isn't building skyscrapers all around. It is building those 4/5/6 levels apartment buildings all over the place, most with some businesses on ground level. There are plenty of opportunities to make these cities cheaper and more livable. What we lack here in the US is politicians who aren't sellouts.

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