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658
Booger
2025 Dec 31, 4:59am
Booger
2025 Dec 31, 4:59am
Misc says
That's what happens when only rich people can afford to buy a house.
Residential home values increased month over month and year over year.
That's what happens when only rich people can afford to buy a house.
659
GreaterNYCDude
2025 Dec 31, 5:33am
Misc says
California is a special kind of crazy. Here on the East coast there used to be pockets of relative affordability, particularly in the suburbs / exburbs after the '08 crash. Those days are gone. They may well return but it will take 5 to 10 years. We've seen this movie before. If '04 to '08 was housing bubble 1.0 we are living in housing bubble 2.0 which makes sense given it's been almost 20 years; a new generation gets screwed.
Based on price to rent models, for California houses, it has always been cheaper to rent than to own since I started visiting this site in 2007
California is a special kind of crazy. Here on the East coast there used to be pockets of relative affordability, particularly in the suburbs / exburbs after the '08 crash. Those days are gone. They may well return but it will take 5 to 10 years. We've seen this movie before. If '04 to '08 was housing bubble 1.0 we are living in housing bubble 2.0 which makes sense given it's been almost 20 years; a new generation gets screwed.
660
GNL
2025 Dec 31, 6:19am
GNL
2025 Dec 31, 6:19am
GreaterNYCDude says
I think they will do anything to keep prices high. Less building easily achieves that.
Want to know the easiest way to increase your wealth? Pull the ladder up and keep supply low. This drains all wealth.
Misc says
Based on price to rent models, for California houses, it has always been cheaper to rent than to own since I started visiting this site in 2007
California is a special kind of crazy. Here on the East coast there used to be pockets of relative affordability, particularly in the suburbs / exburbs after the '08 crash. Those days are gone. They may well return but it will take 5 to 10 years. We've seen this movie before. If '04 to '08 was housing bubble 1.0 we are living in housing bubble 2.0 which makes sense given it's been almost 20 years; a new generation gets screwed.
I think they will do anything to keep prices high. Less building easily achieves that.
Want to know the easiest way to increase your wealth? Pull the ladder up and keep supply low. This drains all wealth.
661
mell
2025 Dec 31, 9:39am
GreaterNYCDude says
Have you followd coastal Maine the past couple years until 2023? Totally nuts with $1000 per sqft prices. Past 2 years prices dropped 25% and they are still high hence not selling. CA selling much better
Misc says
Based on price to rent models, for California houses, it has always been cheaper to rent than to own since I started visiting this site in 2007
California is a special kind of crazy. Here on the East coast there used to be pockets of relative affordability, particularly in the suburbs / exburbs after the '08 crash. Those days are gone. They may well return but it will take 5 to 10 years. We've seen this movie before. If '04 to '08 was housing bubble 1.0 we are living in housing bubble 2.0 which makes sense given it's been almost 20 years; a new generation gets screwed.
Have you followd coastal Maine the past couple years until 2023? Totally nuts with $1000 per sqft prices. Past 2 years prices dropped 25% and they are still high hence not selling. CA selling much better
662
GNL
2025 Dec 31, 9:55am
GNL
2025 Dec 31, 9:55am
mell says
I just did a quick check on Zillow. Yep, prices have certainly dropped. I found one with an $80K drop from $449K to $370K. On the water. Not 25% though...yet.
GreaterNYCDude says
Misc says
Based on price to rent models, for California houses, it has always been cheaper to rent than to own since I started visiting this site in 2007
California is a special kind of crazy. Here on the East coast there used to be pockets of relative affordability, particularly in the suburbs / exburbs after the '08 crash. Those days are gone. They may well return but it will take 5 to 10 years. We've seen this movie before. If '04 to '08 was housing bubble 1.0 we are living in housing bubble 2.0 which makes sense given it's been almost 20 years; a new generation gets screwed.
Have you followd coastal Maine the past couple years until 2023? Totally nuts with $1000 per sqft prices. Past 2 years prices dropped 25% and they are still high hence not selling. CA selling much better
I just did a quick check on Zillow. Yep, prices have certainly dropped. I found one with an $80K drop from $449K to $370K. On the water. Not 25% though...yet.
663
mell
2025 Dec 31, 10:02am
GNL says
Yeah some of the most egregious ones have dropped in the area we are vacationing in (new harbor). Its crazy because most of these are really old houses inside and outside and the weather is quite rough. And once in a while a storm takes an oceanfront home without the possibility to rebuild. It's beautiful up there but prices are way too high. Most places are generational though so historically not much inventory, changed a bit over the past years.
I just did a quick check on Zillow. Yep, prices have certainly dropped. I found one with an $80K drop from $449K to $370K. On the water. Not 25% though...yet.
Yeah some of the most egregious ones have dropped in the area we are vacationing in (new harbor). Its crazy because most of these are really old houses inside and outside and the weather is quite rough. And once in a while a storm takes an oceanfront home without the possibility to rebuild. It's beautiful up there but prices are way too high. Most places are generational though so historically not much inventory, changed a bit over the past years.
664
MolotovCocktail
2025 Dec 31, 1:49pm
MolotovCocktail
2025 Dec 31, 1:49pm
PeopleUnited says
It's already happening.
This is not going to happen. The wealthy will get wealthier, and less and less poor and middle class will have houses or other valuable assets. That is the trajectory we are on and it is only accelerating in the past 5 years.
It's already happening.
665
Misc
2026 Jan 1, 7:11am
Booger says
Yep, there's always a big difference when several Nigger families move into a neighborhood. Then property prices grenade.
That's what happens when only rich people can afford to buy a house.
Yep, there's always a big difference when several Nigger families move into a neighborhood. Then property prices grenade.
« First « Previous Comments 658 - 665 of 665 Search these comments
So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.
The United States population reached 200 million on November 20, 1967. If there was no net migration, then the U.S. population have stabilized to about 220 million. Instead, the population is 335 million. This is why housing is so expensive. This is why rent is so damn high. This is why the younger generations cannot afford to have children. This is why the only way to keep the population from falling is to import massive numbers of unskilled, uneducated, and often criminal immigrants. Both parties are responsible for this: democrats for importing voters and republicans for importing farm laborers. Both parties want cheap labor.
When you import massive numbers of low-iq, low-skill workers, your per capital GDP declines relative to where it would have been otherwise. Yes, technological advancements mask this because technology increases GDP faster than low-skill immigration decreases it, but most of those gains don't get seen by the middle class.
Since both parties, and their corporate overlords, are benefiting from the current system, immigration will continue and housing prices will also continue to rise. I suppose I shouldn't care since I own and have a 2.25% mortgage that is being eaten away by inflation, but anyone young enough that they having bought already is fucked.