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117 sats \ 2 replies \ @kepford 17h
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.
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71 sats \ 1 reply \ @SimpleStacker 16h
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.
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0 sats \ 0 replies \ @kepford 5h
Yep
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10 sats \ 7 replies \ @Bell_curve 18h
it's mainly coastal cities
prices drop considerably inland
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11 sats \ 6 replies \ @nerd2ninja OP 18h
Job availability also drops considerably inland :P
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11 sats \ 0 replies \ @SimpleStacker 16h
The real thing that drops is the dating pool, apparently
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12 sats \ 4 replies \ @Bell_curve 18h
depends on your field and your ability to telecommute
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11 sats \ 3 replies \ @nerd2ninja OP 18h
Job availability of remote work is an even smaller highly competitive job pool lmao
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0 sats \ 2 replies \ @Bell_curve 18h
your point is there are tradeoffs
and the sky is blue
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0 sats \ 1 reply \ @nerd2ninja OP 18h
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.
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0 sats \ 0 replies \ @Bell_curve 17h
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)
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