Looking forward to watching this. It's a topic of interest to me. Housing is a frustrating topic. The issues can be very localized but the patterns aren't complex.
From what I have read, seen, and heard from people in the real estate market there is a massive housing supply shortage which is worse in California which never has really recovered from 2008 crash.
Zoning in many areas make the issues worse. Local rules I fluenced by the World Economic Forum has played a part. Some of the rules might have come from a good place but the impact is driving prices up. Of course there are plenty of people that wanna see this. And it's not just BlackRock. It's home owners that use their house as a savings account.
Yeah, Fiat is probably the biggest issue. It drives people into stocks and real estate as well as the BlackRocks. Removing or at least reforming housing regulations could massively help but sound money (bitcoin) is the real solution. Your home should not be your savings account.
A big issue is also local control. Residents of neighborhoods vote to make it hard to build. That keeps their property values up, preserves the "character" of their neighborhood, and basically makes it hard for anyone else to live there.
The point is that the problem of housing availability exists everywhere in the country where there are places to work.
If the choice of housing were independent of job availability, your point about housing being cheaper inland would make sense, but the cheaper housing inland only has the exact same income to home cost ratio. So its the same problem of affordability regardless of the actual price.
Income to housing price ratio varies by city and region
It is not 'exact same ratio'
edit: you also ignore the deleterious effects of illegal immigration which increases demand but not supply (not every illegal alien works in construction)
tsk man you're just gonna list some high paying job and then throw some 30 year mortgage on it and call it a day.
The point is not that 60% of people could get a place to live if they just moved, the point is honestly that needing to pay off a home for 30 years is nuts to begin with (Now 50).
AND
That the job market is not big enough for a significant percent of people regardless of where they moved (because they'd each be competing for each other's jobs) would not be able to afford a home. Its a systemic problem.
And dammit, even if everyone could be getting a remote job, just why live in the US? You'd save so much money living somewhere else.
Man a tool that gave people a somewhat automated estimation of income to living expenses per region would be really freaking nice.
Maybe then you could give me an example of a job near an area with what you would consider an affordable home.
ps: Alaska is probably the only exception because you can just live in the wilderness and build a home and if you live there long enough uncontested you just own it lel
Looking forward to watching this. It's a topic of interest to me. Housing is a frustrating topic. The issues can be very localized but the patterns aren't complex.
From what I have read, seen, and heard from people in the real estate market there is a massive housing supply shortage which is worse in California which never has really recovered from 2008 crash.
Zoning in many areas make the issues worse. Local rules I fluenced by the World Economic Forum has played a part. Some of the rules might have come from a good place but the impact is driving prices up. Of course there are plenty of people that wanna see this. And it's not just BlackRock. It's home owners that use their house as a savings account.
Yeah, Fiat is probably the biggest issue. It drives people into stocks and real estate as well as the BlackRocks. Removing or at least reforming housing regulations could massively help but sound money (bitcoin) is the real solution. Your home should not be your savings account.
A big issue is also local control. Residents of neighborhoods vote to make it hard to build. That keeps their property values up, preserves the "character" of their neighborhood, and basically makes it hard for anyone else to live there.
Yep
it's mainly coastal cities
prices drop considerably inland
Job availability also drops considerably inland :P
The real thing that drops is the dating pool, apparently
depends on your field and your ability to telecommute
Job availability of remote work is an even smaller highly competitive job pool lmao
your point is there are tradeoffs
and the sky is blue
The point is that the problem of housing availability exists everywhere in the country where there are places to work.
If the choice of housing were independent of job availability, your point about housing being cheaper inland would make sense, but the cheaper housing inland only has the exact same income to home cost ratio. So its the same problem of affordability regardless of the actual price.
Income to housing price ratio varies by city and region
It is not 'exact same ratio'
edit: you also ignore the deleterious effects of illegal immigration which increases demand but not supply (not every illegal alien works in construction)
tsk man you're just gonna list some high paying job and then throw some 30 year mortgage on it and call it a day.
The point is not that 60% of people could get a place to live if they just moved, the point is honestly that needing to pay off a home for 30 years is nuts to begin with (Now 50).
AND
That the job market is not big enough for a significant percent of people regardless of where they moved (because they'd each be competing for each other's jobs) would not be able to afford a home. Its a systemic problem.
And dammit, even if everyone could be getting a remote job, just why live in the US? You'd save so much money living somewhere else.
Man a tool that gave people a somewhat automated estimation of income to living expenses per region would be really freaking nice.
Maybe then you could give me an example of a job near an area with what you would consider an affordable home.
ps: Alaska is probably the only exception because you can just live in the wilderness and build a home and if you live there long enough uncontested you just own it lel