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1   RWSGFY   2018 May 3, 9:04am  

Soo, the "housing shortage" is forcing people to move from LA to Arizona while it does not prevent people to move into SFBA? And this is supposed to make sense how? What exactly is causing said "housing shortage" in LA? Not enough desert around it to build new housing?
2   Strategist   2018 May 3, 9:27am  

Satoshi_Nakamoto says
Soo, the "housing shortage" is forcing people to move from LA to Arizona while it does not prevent people to move into SFBA? And this is supposed to make sense how? What exactly is causing said "housing shortage" in LA? Not enough desert around it to build new housing?


The high wage earners are the ones moving into SFBA. They can afford to.
My guess, the lower middle class are most likely to move out of California for a better standard of living in Arizona and Nevada.
As for welfare recipients, nothing beats living in California. It'a a paradise for them.
3   RC2006   2018 May 3, 9:38am  

To many illegals, to many people that contribute nothing and only drain, to many ridiculous pensions, to many taxes.
4   NuttBoxer   2018 May 3, 11:34am  

Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.
5   Strategist   2018 May 3, 11:43am  

NuttBoxer says
Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.


So what would be causing the price escalations for rental homes?
6   NuttBoxer   2018 May 3, 11:56am  

Strategist says
So what would be causing the price escalations for rental homes?


Inflation, loose lending, and heavy leveraging
7   Heraclitusstudent   2018 May 3, 12:02pm  

NuttBoxer says
Bullshit. I've never once had trouble finding a place to rent, having a large selection to choose from. If there's a housing shortage a city as big as San Diego shouldn't have hundreds of available rentals every day of the year.

In a market like renting there will always be roughly the same available inventory regardless of the relative scarcity of units. What shows it is scarce is the price, and who can afford it: i.e. not most of the US population. The same market is there, just restricted to a fraction of the population.

NuttBoxer says
Inflation

If the price goes up much faster than inflation, then you know there is a capacity problem.
8   Heraclitusstudent   2018 May 3, 12:06pm  

The state's median home price is now $537,315, reflecting a compounded annual growth rate of nearly 10% since 2012, according to real estate website Zillow. The median rent for a vacant apartment jumped an annual rate of nearly 5.5% to $2,428.

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