No it hasn't. What does this even mean.
California Today: Why Does It Cost So Much to Live in California?
- Thread starter Jimi Swagger
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- california housing money
Banks and greedy real estate developers started going global and jacked up the cost of living. 30 years ago, when people started to move to the sunbelt states with "nice weather", prices were manageable. These banks are short sighted and greedy and want quick profits from other millionaire/billionaires, forgetting the working and middle class.
you just proved my point. IN THE SUMMER. and thats not ALL summer either. Now we all know thanks to global warming it has been hotter than normal in the summer in all of the spots. but you can't tell me its been silly hot mid january all these years. or mid feb. stop the lies now.
and while it's a 100 degrees in san bern.. its 98 degrees plus 98% humidity in georgia, texas, florida. no actual rain. just straight humid. feeling like you can't breath and feeling like you need to take 3 showers a day at minimum.
It's a stupid article, because a state that already has 40,000,000 people living in it shouldn't want more development. This country already has way more housing than it needs, which is why so many places lie vacant and the housing bubble crashed. The thing that pushes up housing prices are speculators and banks, not any real unavailability of enough housing.
Now they're arguing that California should reduce its regulations, reduce environmental concerns, let more developments build up all over beautiful places until they're all gone, when there isn't even a housing shortage in this country but there's a growing shortage in open spaces and clean environments.
It's just two money-focused guys caping like hell for their capitalist masters. Trump would commission a report like this.
Now they're arguing that California should reduce its regulations, reduce environmental concerns, let more developments build up all over beautiful places until they're all gone, when there isn't even a housing shortage in this country but there's a growing shortage in open spaces and clean environments.
It's just two money-focused guys caping like hell for their capitalist masters. Trump would commission a report like this.
MalikX
Superstar
Me and my godbrother was talking about this today. We don't have a shortage of housing supply. It's speculative buyers jacking up the prices. Alot of banks buy up property and don't even list it for sale. They just keep it off the books until they can find a buyer that will pay what they're looking for. You also have all these overseas buyers parking their money over here and hoping to flip properties in LA, New York, DC and other coastal cities. I don't think it's right. For a while you couldn't buy property in China if you weren't a Chinese National but, we're cool with Russians, Arabs and East Asians distorting our housing markets. You know its a problem when programmers at Google and Facebook making $150,000 a year STILL can't get a house in San Francisco (that's not a crack house). If you're making $50,000 a year....forget it. Forget renting an apartment on your own too. Something's off.
When real estate became open to foreign markets, with an oversized population, they jacked up the price and forgot about the working class American.
MalikX
Superstar
the average home price in LA is $611,000...the median income is $55,000
the average home price in DC is $549,000....the median income is $75,000
shyt is comedy
Your mortgage supposed to be only 3x your income at most
I just want to know who exactly is buying those houses....Uri, Cho and Goldman Sachs
ORDER_66
I am The Wrench in all your plans....
the average home price in LA is $611,000...the median income is $55,000
the average home price in DC is $549,000....the median income is $75,000
shyt is comedy
Your mortgage supposed to be only 3x your income at most
I just want to know who exactly is buying those houses....Uri, Cho and Goldman Sachs
#FACTS
the average home price in LA is $611,000...the median income is $55,000
the average home price in DC is $549,000....the median income is $75,000
shyt is comedy
Your mortgage supposed to be only 3x your income at most
I just want to know who exactly is buying those houses....Uri, Cho and Goldman Sachs
Yep. That's why these bubbles keep bursting faster and faster. Why should a person be some Tony Stark level engineer or a damn banker to buy a standard 3 bedroom house? At some point, these greedy wealthy realtors need to back off and let people have disposable incomes again, so that the economy can get back on track.
godkiller
"We are the Fury"
Regulations
The answer is actually lack of rent regulations and an unprecedented migration of super rich foreigners to Cali.
newworldafro
DeeperThanRapBiggerThanHH
Price controls do not work.
newworldafro
DeeperThanRapBiggerThanHH
Rockridge dump receives 19 offers, sells for quarter-million over asking
Originally asked for 500k received $750K
Originally asked for 500k received $750K
Cali has lots of inland landlack of land
KeysT
Playa from the Himalayas #ByrdGang
I don't really understand why Rent and Real Estate in DC is as expensive as it is.