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A record 242 US cities now have starter homes that cost $1M

investors.zillowgroup.com

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Re: A record 242 US cities now have starter homes that cost $1M

#92
post #68

Earlier quoted context omitted.

It's not a convenience excuse, it's a strawman. It's easy to dismiss the strawman. It's much harder to act like the good guy when you're talking about turning a quiet neighborhood into a much denser neighborhood where the kids can't walk to school anymore because there are too many cars. I never understand why people are so eager to turn a neighborhood they don't live in into something else rather than move to any of…

Because it's not OK to take the areas of highest economic opportunity and lock them up for incumbent homeowners with exclusive zoning. I focus on the neighborhood I do in fact live in, for what it's worth.

[deleted]

Re: A record 242 US cities now have starter homes that cost $1M

#93
post #68

Earlier quoted context omitted.

It's not a convenience excuse, it's a strawman. It's easy to dismiss the strawman. It's much harder to act like the good guy when you're talking about turning a quiet neighborhood into a much denser neighborhood where the kids can't walk to school anymore because there are too many cars. I never understand why people are so eager to turn a neighborhood they don't live in into something else rather than move to any of…

Because it's not OK to take the areas of highest economic opportunity and lock them up for incumbent homeowners with exclusive zoning. I focus on the neighborhood I do in fact live in, for what it's worth.

The economic opportunities are not something in the soil, but rather effects of the laws governing the place and the people that chose to live and work there. It might not be possible to make the change you want without changing who wants to live and work there and reducing the economic opportunities.

Re: A record 242 US cities now have starter homes that cost $1M

#94
post #68

Earlier quoted context omitted.

It's not a convenience excuse, it's a strawman. It's easy to dismiss the strawman. It's much harder to act like the good guy when you're talking about turning a quiet neighborhood into a much denser neighborhood where the kids can't walk to school anymore because there are too many cars. I never understand why people are so eager to turn a neighborhood they don't live in into something else rather than move to any of…

Because it's not OK to take the areas of highest economic opportunity and lock them up for incumbent homeowners with exclusive zoning. I focus on the neighborhood I do in fact live in, for what it's worth.

I didn't say that. There are good arguments on both sides of the issue but the pro-density/change side rarely makes any kind of argument that I've ever heard from the other side. Instead, it's just painted like they're a bunch of greedy bastards.

Imagine if someone wanted to change all the streets in your neighborhood to only accomodate bicycles but you own a home in the center of the city and commute 20 miles to a town in another county for work.

Re: A record 242 US cities now have starter homes that cost $1M

#95
post #68

Earlier quoted context omitted.

Because it's not OK to take the areas of highest economic opportunity and lock them up for incumbent homeowners with exclusive zoning. I focus on the neighborhood I do in fact live in, for what it's worth.

I didn't say that. There are good arguments on both sides of the issue but the pro-density/change side rarely makes any kind of argument that I've ever heard from the other side. Instead, it's just painted like they're a bunch of greedy bastards. Imagine if someone wanted to change all the streets in your neighborhood to only accomodate bicycles but you own a home in the center of the city and commute 20 miles to a t…

I didn't call anybody a bastard.

Re: A record 242 US cities now have starter homes that cost $1M

#97
post #52
post #35

Earlier quoted context omitted.

The median price of a house in Oak Park, Illinois --- the inner-ring suburb of Chicago in which I live --- is $700,000. This is an M-COL region.

Compared to a low cost of living region, that's a pretty high cost of living.

Also, property taxes are famously high in Illinois.

Re: A record 242 US cities now have starter homes that cost $1M

#99
post #85

Earlier quoted context omitted.

Exactly. For most people, the housing problem is that their house isn't worth more. My parents were whining a few months ago about the possibility of new apartments being built not far from their house. Why? More noise, more traffic, more people. Things that would impact the value of their nearly debt-free home. Meanwhile most people my age (mid-30s) who don't have a home have more-or-less given up on the idea of get…

> More noise, more traffic, more people. Things that would impact the value of their nearly debt-free home. Maybe they just don't want the noise and traffic, and they don't really care about the impact on their house value. Seems like you're jumping to a conclusion.

Yes, I'm jumping to conclusions about the people who I've known since my birth.

Re: A record 242 US cities now have starter homes that cost $1M

#100
post #85

Earlier quoted context omitted.

> More noise, more traffic, more people. Things that would impact the value of their nearly debt-free home. Maybe they just don't want the noise and traffic, and they don't really care about the impact on their house value. Seems like you're jumping to a conclusion.

Yes, I'm jumping to conclusions about the people who I've known since my birth.

You're right. I forgot that it's impossible for parents and children to misunderstand eachother.

I should have realized it, too, because when my parents tell me something, I know what they really mean, and it's not usually what they actually said to me.

So of course your parents want their house price to go up so they can pay higher taxes while surrounded by more traffic and noise. Seems so obvious now that you say it.

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