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I completely missed the boat on that one with home prices. I guess that's why it's a tough issue. It's not something you can just answer without knowing a ton o

I completely missed the boat on that one with home prices. I guess that's why it's a tough issue. It's not something you can just answer without knowing a ton of variables which maybe is a task for AI. My bad. I really liked this video -> https://www.youtube.com/watch?v=n6h7fL22WCE https://www.youtube.com/watch?v=n6h7fL22WCE regarding a man who tried to help (in LA) by making tiny homes.

mrep 8y ago
> House/rent prices have gone way up. No they haven't recently from sources I have seen. Housing prices are falling [0] (admittedly might be due to rising interest rates) and rents fell earlier this year [1]. [0]: https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-drop-again-with-6-month-decline-among-largest-ever/ https://www.seattletimes.com/business/real-estate/seattle-ar... [1]: https://www.seattletimes.com/business/real-estate/seattle-area-rents-drop-significantly-for-first-time-this-decade-as-new-apartments-sit-empty/ https://www.seattletimes.com/business/real-estate/seattle-ar...
- UnpossibleJim 8y ago
  That's relatively new. Housing prices over the last decade have gone way up.
- Pfhreak 8y ago
  Have gone up is not mutually exclusive with falling house prices. It can be true that they've gone way up, but are currently falling. I bought a house in 2014, and it's definitely way up, despite a fall in the past couple months.
- TomMckenny 8y ago
  A Month or even a year's price decline is insignificant. Housing prices have outpaced inflation and far outpaced wage gains nation wide for decades.[0] As is true of every asset class relative to the value of labor[1] Indeed, barring extreme systemic changes, there are a couple of things that we can be absolutely certain of nation wide in 10 years: housing will be less affordable and there will be more homeless. [0] https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html https://www.cnbc.com/2017/06/23/how-much-housing-prices-have... [1]https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...

mrep 8y ago

> House/rent prices have gone way up. No they haven't recently from sources I have seen. Housing prices are falling [0] (admittedly might be due to rising interest rates) and rents fell earlier this year [1]. [0]: https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-drop-again-with-6-month-decline-among-largest-ever/ https://www.seattletimes.com/business/real-estate/seattle-ar... [1]: https://www.seattletimes.com/business/real-estate/seattle-area-rents-drop-significantly-for-first-time-this-decade-as-new-apartments-sit-empty/ https://www.seattletimes.com/business/real-estate/seattle-ar...

UnpossibleJim 8y ago
That's relatively new. Housing prices over the last decade have gone way up.
Pfhreak 8y ago
Have gone up is not mutually exclusive with falling house prices. It can be true that they've gone way up, but are currently falling. I bought a house in 2014, and it's definitely way up, despite a fall in the past couple months.
TomMckenny 8y ago
A Month or even a year's price decline is insignificant. Housing prices have outpaced inflation and far outpaced wage gains nation wide for decades.[0] As is true of every asset class relative to the value of labor[1] Indeed, barring extreme systemic changes, there are a couple of things that we can be absolutely certain of nation wide in 10 years: housing will be less affordable and there will be more homeless. [0] https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html https://www.cnbc.com/2017/06/23/how-much-housing-prices-have... [1]https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...