The point you're missing is that this isn't happening just in the big cities, it's spreading elsewhere and it's deliberately engineered. I know for a fact that anybody who makes this claim hasn't done proper research on the housing market and likely hasn't looked at housing prices in the past 10 years if that and done any comparisons. It's actually kind of amazing how bad the takes are on this site lately with this kind of thing because even on Gab the boomers are starting to get it and I respect them for that.
As an example, in my country you could go to the most shithole areas and any kind of finished house you'd want to live in is going to cost £100,000 at a minimum. The others are all on auction so you'll be in a bidding war against investors who have several times the amount than you. The only places that are remotely affordable will be literal ghost towns and that also means you'd have to invest in extra money on top of even buying the house to get the infrastructure even functional and organise a deal with the local utility companies.
This is of course also assuming you even have the luxury of living where you want. Many people are going to be stuck where they are depending on their employment which is another point she was trying to make that you completely ignored. You don't want to know the sort of maths I'm looking at if I decided to rent out my own property just now which I looked up out of curiosity, you'll throw up.
Edit: Honestly the rent you're charging for a house kind of illustrates the point, $1,350 is pretty ridiculous though I suppose you can somewhat justify it if they're getting full use of the house for a month. Plenty of landlords now are renting per room and squeezing as many people in as they can thanks to mass migration. It really isn't just out of touch morons trying to live in San Francisco, even people who are being sensible and reasonable are struggling to find anywhere. I got fucking lucky with my property even by market standards because the real estate agent fucked up selling the house.
Americans have only just begun to get a whiff of the housing shock that has gripped Canada and the UK (among others) for years thanks to malicious governance and mass immigration. I actually don't think it will get that bad here except in a few blue states, but we've got our own worsening supply/construction problems too.
this isn't happening just in the big cities, it's spreading elsewhere
Yup. I was looking at apartments where I live in rural California, and 1 bedroom appts are going for $2100. Again this is in a rural area, hours from any big city.
Is the housing market screwed up, yeah sure. It's bonkers. My house would list for twice what I paid for it just 6 years ago.
Still though, I'm quite familiar with the housing market and am well aware of housing prices. Have I bought anything with the current rates? No. I probably will in a couple years though and I can still make money on it.
I'll give a real example I just picked this house right out of the most middle of the country. I've never lived in the area but I know that area a bit and it's pretty decent.
25mins from the OKC CBD where any working professional can get paid enough to afford it. Here's a house for sale, $281k, 1935 sq ft with 3 bedrooms. Doesn't appear old and falling apart.
https://www.zillow.com/homedetails/7320-Stinchcomb-Dr-Oklahoma-City-OK-73132/60558162_zpid/?
30 year mortgage for someone who can only scrape up the FHA 3.5% down payment with taxes and insurance is going to be in the $2,400 a month area. That's with today's insane interest rates. If we hadn't gone nuts giving away inflation money to Covid panic, that would be a $1800 house payment just from lower interest alone.
There are loads of examples like this all over the country and in some cases it gets better if you are more remote.
I actually just looked around my town for some places. I found plenty that were monthly mortgages in the $1,800 range for 3 bed, 2 bath homes, which would be a home for a family so you would expect multiple people paying in on it. And most apartments rent for around $800/month and cover almost all utilities except internet.
I guess Kansas exist in a timeskip where all of this stuff with the modern world passed us by then. Because a lot of what is around me is still what it has always been. Looking at my local Zillow right now, rents in the $1,000+ range get you an entire house, never mind an apartment.
Which is why this sort of stuff is entirely within range of being affordable to all but the most destitute of people. And as a tradesman myself (machinist) I can make plenty to afford this stuff and still have enough to save and invest.
Yeah, no one normal can afford that, which is exactly what's happening, the people buying this shit up are going to be investors and investor groups like Blackrock so they can import migrants and get the rent money from government welfare. I don't understand how you can look at the maths on that and think that's acceptable.
Plenty of normal people can afford that. That could be done on a $75k annual salary fairly easily in Oklahoma where you'd net $4,500ish a month after taxes. Take off money for utilities and a car and you're living on $30-40 a day for food, gas, etc. Is it going to work for some guy bussing tables, no, but $75k is well within the average pay for professional or skilled labor with 10 years of experience.
Your maths just isn't realistic as expected, the average salary for a millennial is shit and they're the ones that are going to be searching for property the most that's why they're despairing so much and no it's not just the out of touch leftist weirdos who don't understand the market. The only people who can get those kinds of salaries are Generation X style families or people lucky enough to be successful at building their own business etc. and ironically that's the types that I'm surrounded by RL. It's mostly Generation X families who will either have bought the house outright or gotten it on a mortgage. The only young people in the area are going to be those living with their parents and going to university.
Ohohohooo ouch LOL, I feel your pain. I once found an electric sub station in the south of England going for a ridiculous amount and there was some sort of ex-mining building I saw that was also a stupid price for what it was.
A house in my neighborhood, which is about 1 hour out from the edge of the nearest "city", costs more than many very nice private islands in other nations, even private islands with cottages already built on them.
it's spreading elsewhere and it's deliberately engineered
Supply and demand is deliberately engineered? That's news to me! Or do you think that the fixed supply of land (especially when discussion certain levels of development (rural vs suburban vs urban, etc)) and the increased demand that comes with larger population numbers are all controlled by the above?
Don't get me wrong, the urban side of things definitely is, especially with "muh 15 minute cities" crap, but you're purporting this is happening across the board. And to an extent it is, but you're ignoring the increased demand of a larger market than what was around 20 years ago. Housing prices increasing, especially in high demand areas, is an inevitability and one that cannot be controlled for without authoritarian design (allocated housing for all).
When people fight over the same thing, be it a good, a service, even a job, the person that's doing the selling gets to benefit off this by getting better offers. Housing is no different in this regard.
Mass migration is artificially increasing the population, overall native births have gone down and this is just a statistical fact because young people in the west just aren't having babies anymore and getting married. The elites are taking advantage of the situation and are essentially people traffickers that are importing cheap disposable labour and they don't care how many communities they end up destroying as a result.
Oh and I haven't even mentioned hyperinflation, I'm somebody who does political and military wargames in my head for lulz that make the 'experts' look like amateurs and I would not be shocked if we see governments doing exactly what you're thinking of seizing property under the guise of solving the housing crisis. We're already seeing the rhetoric pop up with democrats who are pretty much telling landlords house migrants or else. My first thought is in the UK at least we're probably going to be seeing some form of nationalisation happening to the utility companies as a way of 'combating the cost of living crisis' then they'll start addressing housing bit by bit.
I think all of this will largely depend on what happens in 2024 and if there's any huge backlash by the public, currently we're in a bit of a lull at the moment in political activity despite the noise.
The point you're missing is that this isn't happening just in the big cities, it's spreading elsewhere and it's deliberately engineered. I know for a fact that anybody who makes this claim hasn't done proper research on the housing market and likely hasn't looked at housing prices in the past 10 years if that and done any comparisons. It's actually kind of amazing how bad the takes are on this site lately with this kind of thing because even on Gab the boomers are starting to get it and I respect them for that.
As an example, in my country you could go to the most shithole areas and any kind of finished house you'd want to live in is going to cost £100,000 at a minimum. The others are all on auction so you'll be in a bidding war against investors who have several times the amount than you. The only places that are remotely affordable will be literal ghost towns and that also means you'd have to invest in extra money on top of even buying the house to get the infrastructure even functional and organise a deal with the local utility companies.
This is of course also assuming you even have the luxury of living where you want. Many people are going to be stuck where they are depending on their employment which is another point she was trying to make that you completely ignored. You don't want to know the sort of maths I'm looking at if I decided to rent out my own property just now which I looked up out of curiosity, you'll throw up.
Edit: Honestly the rent you're charging for a house kind of illustrates the point, $1,350 is pretty ridiculous though I suppose you can somewhat justify it if they're getting full use of the house for a month. Plenty of landlords now are renting per room and squeezing as many people in as they can thanks to mass migration. It really isn't just out of touch morons trying to live in San Francisco, even people who are being sensible and reasonable are struggling to find anywhere. I got fucking lucky with my property even by market standards because the real estate agent fucked up selling the house.
Americans have only just begun to get a whiff of the housing shock that has gripped Canada and the UK (among others) for years thanks to malicious governance and mass immigration. I actually don't think it will get that bad here except in a few blue states, but we've got our own worsening supply/construction problems too.
Yup. I was looking at apartments where I live in rural California, and 1 bedroom appts are going for $2100. Again this is in a rural area, hours from any big city.
California. Question answered. Next.
It's happening in rural areas of other states too admittedly.
Is the housing market screwed up, yeah sure. It's bonkers. My house would list for twice what I paid for it just 6 years ago.
Still though, I'm quite familiar with the housing market and am well aware of housing prices. Have I bought anything with the current rates? No. I probably will in a couple years though and I can still make money on it.
I'll give a real example I just picked this house right out of the most middle of the country. I've never lived in the area but I know that area a bit and it's pretty decent. 25mins from the OKC CBD where any working professional can get paid enough to afford it. Here's a house for sale, $281k, 1935 sq ft with 3 bedrooms. Doesn't appear old and falling apart. https://www.zillow.com/homedetails/7320-Stinchcomb-Dr-Oklahoma-City-OK-73132/60558162_zpid/?
30 year mortgage for someone who can only scrape up the FHA 3.5% down payment with taxes and insurance is going to be in the $2,400 a month area. That's with today's insane interest rates. If we hadn't gone nuts giving away inflation money to Covid panic, that would be a $1800 house payment just from lower interest alone.
There are loads of examples like this all over the country and in some cases it gets better if you are more remote.
I actually just looked around my town for some places. I found plenty that were monthly mortgages in the $1,800 range for 3 bed, 2 bath homes, which would be a home for a family so you would expect multiple people paying in on it. And most apartments rent for around $800/month and cover almost all utilities except internet.
Wow, $800 a month. Maybe I should move. That's not much more than I was paying for my first apartments close to 20 years ago.
I guess Kansas exist in a timeskip where all of this stuff with the modern world passed us by then. Because a lot of what is around me is still what it has always been. Looking at my local Zillow right now, rents in the $1,000+ range get you an entire house, never mind an apartment.
Which is why this sort of stuff is entirely within range of being affordable to all but the most destitute of people. And as a tradesman myself (machinist) I can make plenty to afford this stuff and still have enough to save and invest.
Yeah, no one normal can afford that, which is exactly what's happening, the people buying this shit up are going to be investors and investor groups like Blackrock so they can import migrants and get the rent money from government welfare. I don't understand how you can look at the maths on that and think that's acceptable.
Plenty of normal people can afford that. That could be done on a $75k annual salary fairly easily in Oklahoma where you'd net $4,500ish a month after taxes. Take off money for utilities and a car and you're living on $30-40 a day for food, gas, etc. Is it going to work for some guy bussing tables, no, but $75k is well within the average pay for professional or skilled labor with 10 years of experience.
Your maths just isn't realistic as expected, the average salary for a millennial is shit and they're the ones that are going to be searching for property the most that's why they're despairing so much and no it's not just the out of touch leftist weirdos who don't understand the market. The only people who can get those kinds of salaries are Generation X style families or people lucky enough to be successful at building their own business etc. and ironically that's the types that I'm surrounded by RL. It's mostly Generation X families who will either have bought the house outright or gotten it on a mortgage. The only young people in the area are going to be those living with their parents and going to university.
Ohohohooo ouch LOL, I feel your pain. I once found an electric sub station in the south of England going for a ridiculous amount and there was some sort of ex-mining building I saw that was also a stupid price for what it was.
A house in my neighborhood, which is about 1 hour out from the edge of the nearest "city", costs more than many very nice private islands in other nations, even private islands with cottages already built on them.
It would be a joke, if it weren't so serious.
Shithole McEurostan doesn't count.
The people here are generally fine but yeah it's a bit boomercon at times. Day of the pillow when etc
Supply and demand is deliberately engineered? That's news to me! Or do you think that the fixed supply of land (especially when discussion certain levels of development (rural vs suburban vs urban, etc)) and the increased demand that comes with larger population numbers are all controlled by the above?
Don't get me wrong, the urban side of things definitely is, especially with "muh 15 minute cities" crap, but you're purporting this is happening across the board. And to an extent it is, but you're ignoring the increased demand of a larger market than what was around 20 years ago. Housing prices increasing, especially in high demand areas, is an inevitability and one that cannot be controlled for without authoritarian design (allocated housing for all).
When people fight over the same thing, be it a good, a service, even a job, the person that's doing the selling gets to benefit off this by getting better offers. Housing is no different in this regard.
Mass migration is artificially increasing the population, overall native births have gone down and this is just a statistical fact because young people in the west just aren't having babies anymore and getting married. The elites are taking advantage of the situation and are essentially people traffickers that are importing cheap disposable labour and they don't care how many communities they end up destroying as a result.
Oh and I haven't even mentioned hyperinflation, I'm somebody who does political and military wargames in my head for lulz that make the 'experts' look like amateurs and I would not be shocked if we see governments doing exactly what you're thinking of seizing property under the guise of solving the housing crisis. We're already seeing the rhetoric pop up with democrats who are pretty much telling landlords house migrants or else. My first thought is in the UK at least we're probably going to be seeing some form of nationalisation happening to the utility companies as a way of 'combating the cost of living crisis' then they'll start addressing housing bit by bit.
I think all of this will largely depend on what happens in 2024 and if there's any huge backlash by the public, currently we're in a bit of a lull at the moment in political activity despite the noise.
We need authoritarian design.