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US housing wealth is growing for the oldest and wealthiest Americans, at the expense of everybody else
invite response
2017 May 4, 12:25pm 2,724 views 8 comments
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The Original Bankster
2017 May 4, 12:26pm
oh ya there's there's a crazy bitch in Phoenix named Beatrice Moore, who is an heiress posing as some kind of "Street Artist" who singlehandedly runs the "historic presevation" in DT Phoenix. They literally "preserved" a FLORIST SIGN.
The Original Bankster
2017 May 4, 1:40pm
APOCALYPSEFUCK_is_ADORABLE says
Just because you weren't born in 1974, doesn't mean you weren't FREE! to buy a house in 1974!
Get with FREEDOM!
I HATE BOOMERS. dumbest fattest fucks in history.
The Original Bankster
2017 May 4, 1:41pm
Beatrice Moore literally PRESERVED THIS SIGN so they could pump up the value of properties in that region.
Tenpoundbass
2017 May 4, 3:54pm
It's not weath it's a trap, they can't leave, they have to go somewhere. Sell your house, then what?
Those days of selling your house and moving to Florida and getting a $35K condo are over.
Strategic Renter
2017 May 4, 6:09pm
Sea level rise is going to be the ultimate FU for these smug coast dwellers.
Strategist
2017 May 4, 6:23pm
Since the 1970s, coastal US cities have implemented laws that make it impossible for housing supply to equal demand. Proponents of these laws argue they are important for historic preservation, environment protection, and the livability of cities. Conveniently, such laws also happen to inflate the housing prices of many of their supporters—mainly the old and wealthy, who are the clear winners of these kinds of market-constraining regulations.
There isn't much room in coastal areas to begin with. Even home prices further inland are extremely high. Demand is exceeding supply.
Those who are willing to pay the most will always get the best. Those who can't, will have to settle for less.
Such is life.
PRESERVED THIS SIGN so they could pump up the value of properties in that region.
Gotta say, not impressed in least bit
https://qz.com/972873/us-housing-wealth-is-growing-for-the-oldest-and-wealthiest-americans-at-the-expense-of-everybody-else/
Since the 1970s, coastal US cities have implemented laws that make it impossible for housing supply to equal demand. Proponents of these laws argue they are important for historic preservation, environment protection, and the livability of cities. Conveniently, such laws also happen to inflate the housing prices of many of their supporters—mainly the old and wealthy, who are the clear winners of these kinds of market-constraining regulations.