4 ms·
> In some California cities, the average four-bedroom, two-bathroom home would set you back over $2 million, while a similar home would cost less than $100,000
by dionidium 10y ago
> In some California cities, the average four-bedroom, two-bathroom home would set you back over $2 million, while a similar home would cost less than $100,000 in many other US cities.
This is a little but misleading. You have to scroll way down to get to any city with an average under $100k for the described home and those are in cities with vast, mostly-abandoned areas where (basically uninhabitable versions of) such homes might cost as little as $10k. (Their averages are brought way down by outliers, in other words.)
- replicatorblog 10y agoYou are right, the author was extreme, but not by that much. Look at Houston, or Austin and you'll find lots of perfectly nice, new construction, 4b/2br in the $250K range. I live an hour outside Boston where there is a similar dynamic at play. My frustration is that large cities like Houston are able to build inexpensively, while relatively small ones like Boston/SF are just insane.
- dionidium 10y agoRestrictive zoning laws are good for incumbents
- jonknee 10y ago> My frustration is that large cities like Houston are able to build inexpensively, while relatively small ones like Boston/SF are just insane. Houston is a large city just because it's sprawlville (to a ridiculous degree, city limits is an astounding 627 sq mi). It's not a fair comparison to an urbanized city like Boston or SF (that both have 5+ times the density).
- muzz 10y agoAnd sky-high property taxes in Texas also helps keep prices low.