He's right, a lot of what is holding the prices up is people being that concerned with their housing prices going down. I had rentals and honestly I got out of that business. There's a little money to be made I just didn't want to do it anymore. I'm starting to change my tone that a house should be something you buy to live in and to own not some big deal about net worth. I don't even know what my house value has done in the last year. I don't really care. If it goes down then I still live in it, if it goes up, I still live in it. Too many worry about less-liquid property values. If I'm not planning to turn it into cash, why do I care? Net worth is a number on paper. If things turn to shit no one will look at net worth but tangible assets. Knowing that the foreclosure man or the repo man is not on the way, whether my property value is $20 or $20M. Of course you can't avoid the tax man.
Side note on housing, what I find really irritating is the ones who do buy houses they can be had for cheap in some red places. I can think of specifically one development I know of in the low 200s for new houses. Yeah they are pretty cost cut, but I mean it's still a house. Starter houses and stick houses have been a thing for decades. Maybe 10% even attempt to take care of them at all. What the hell? You actually get past all these issues and then let your house turn to shit?
Most cities with cheap housing have no romantic prospects for young people and no job prospects so hardly anyone goes there. The people that do tend to be pretty low quality on average which is why they "don't take care" of the houses.
What's the black population of these cheap areas? I think there's a direct correlation between percentage of non-Whites and cheap housing which will also correlate to lack of care for housing.
The one I was talking about specifically was outskirts of Oklahoma City in a generally nice area, but I do suspect there's more blacks in the cheap development.
I'm not sure how jobs and romance is there. Jobs probably as good as anywhere else that size. Romance is a really tricky one just because that's either turned into online or "I need to go get some bitches at da club and sheet." A lot of the people I know in cheaper parts of the country (even smaller towns) grew up there. No one will move there and particularly for a young person from a big city, they'd just bitch about it the whole time anyway because they have no understanding of that lifestyle. It's very hard to get into the closed society of a small town if you hate everything about everyone there.
I tried the move to a small town thing. I had a good job making close to $150k and bought a 3 bedroom /w attached garage house for $250k. Really nice yard.
I moved within 1.5 years because it was impossible to make friends or meet people. No one went out. Everyone knew everyone already. All the smartest people from the town moved to the big city for university when they graduated high school then never came back. Everyone else was already married or was a single mother. I got the sense I wasn't welcome and was distrusted. A couple people told me something to the effect of: "what's wrong with you moving here?" because in their mind, anyone of quality wouldn't be stuck in their town. I ended up in 3 bar fights within a year just because the locals didn't like me because I stuck out like a well-to-do city guy and they were all depressed that they were too stupid to get out of their shit town and were stuck there for life.
Most young people are in bigger centers with high costs of living because these areas are superior, that's why the cost of living is so high there (generally).
Yeah I can't argue, it's an uphill climb. I live in one but I'm an hour from the city and I keep to myself. People around know me but that's about it. I'm also not young and trying to build a life. That would be difficult. I don't stick out that much either, but I've got enough country credentials from the past to shut any of that up.
I do think there's still some places (like the aforementioned OKC) that could work, but they are few and far between.
I've very much taken the approach that was perhaps different from my past mindset is to get to the family building stuff early and young. The ones you want aren't waiting around and by the time you're 30 in the big city women have gone from "mother of your children" to "getting some pussy". Maybe I'm right or wrong on that, hell I don't know. I've long since moved on.
He's right, a lot of what is holding the prices up is people being that concerned with their housing prices going down. I had rentals and honestly I got out of that business. There's a little money to be made I just didn't want to do it anymore. I'm starting to change my tone that a house should be something you buy to live in and to own not some big deal about net worth. I don't even know what my house value has done in the last year. I don't really care. If it goes down then I still live in it, if it goes up, I still live in it. Too many worry about less-liquid property values. If I'm not planning to turn it into cash, why do I care? Net worth is a number on paper. If things turn to shit no one will look at net worth but tangible assets. Knowing that the foreclosure man or the repo man is not on the way, whether my property value is $20 or $20M. Of course you can't avoid the tax man.
Side note on housing, what I find really irritating is the ones who do buy houses they can be had for cheap in some red places. I can think of specifically one development I know of in the low 200s for new houses. Yeah they are pretty cost cut, but I mean it's still a house. Starter houses and stick houses have been a thing for decades. Maybe 10% even attempt to take care of them at all. What the hell? You actually get past all these issues and then let your house turn to shit?
Young people follow jobs and romance.
Most cities with cheap housing have no romantic prospects for young people and no job prospects so hardly anyone goes there. The people that do tend to be pretty low quality on average which is why they "don't take care" of the houses.
What's the black population of these cheap areas? I think there's a direct correlation between percentage of non-Whites and cheap housing which will also correlate to lack of care for housing.
The one I was talking about specifically was outskirts of Oklahoma City in a generally nice area, but I do suspect there's more blacks in the cheap development.
I'm not sure how jobs and romance is there. Jobs probably as good as anywhere else that size. Romance is a really tricky one just because that's either turned into online or "I need to go get some bitches at da club and sheet." A lot of the people I know in cheaper parts of the country (even smaller towns) grew up there. No one will move there and particularly for a young person from a big city, they'd just bitch about it the whole time anyway because they have no understanding of that lifestyle. It's very hard to get into the closed society of a small town if you hate everything about everyone there.
I tried the move to a small town thing. I had a good job making close to $150k and bought a 3 bedroom /w attached garage house for $250k. Really nice yard.
I moved within 1.5 years because it was impossible to make friends or meet people. No one went out. Everyone knew everyone already. All the smartest people from the town moved to the big city for university when they graduated high school then never came back. Everyone else was already married or was a single mother. I got the sense I wasn't welcome and was distrusted. A couple people told me something to the effect of: "what's wrong with you moving here?" because in their mind, anyone of quality wouldn't be stuck in their town. I ended up in 3 bar fights within a year just because the locals didn't like me because I stuck out like a well-to-do city guy and they were all depressed that they were too stupid to get out of their shit town and were stuck there for life.
Most young people are in bigger centers with high costs of living because these areas are superior, that's why the cost of living is so high there (generally).
Yeah I can't argue, it's an uphill climb. I live in one but I'm an hour from the city and I keep to myself. People around know me but that's about it. I'm also not young and trying to build a life. That would be difficult. I don't stick out that much either, but I've got enough country credentials from the past to shut any of that up.
I do think there's still some places (like the aforementioned OKC) that could work, but they are few and far between.
I've very much taken the approach that was perhaps different from my past mindset is to get to the family building stuff early and young. The ones you want aren't waiting around and by the time you're 30 in the big city women have gone from "mother of your children" to "getting some pussy". Maybe I'm right or wrong on that, hell I don't know. I've long since moved on.
tries to download my bank app
"You need Digital ID, anon."
No shit it's cheap. They're speedrunning 1984.