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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.
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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.