5 ms·
This is mostly a west coast problem, where housing is hugely inflated in every west coast state and city. And NYC too of course, but that's less surprising give
by notadoc 7y ago
This is mostly a west coast problem, where housing is hugely inflated in every west coast state and city. And NYC too of course, but that's less surprising given its NYC.
Sometimes I think these articles are written as clickbait for people in the midwest, southeast, northeast, where housing is still very cheap and jobs pay well.
- notfromhere 7y agoevery major metro has seen an increase in housing costs. West coast may be extreme, but this hits every metro across the country.
- notadoc 7y agoSure ok, but over 6 years a starter house going from $19,000 to $30,000 in Dayton is a lot different on the affordability spectrum than an equivalent house going from $300,000 to $900,000 in Seattle.
- notfromhere 7y agoyou're not getting a starter home for 30k in Dayton unless it comes without walls and was a former meth lab.
- 2sk21 7y agoIndeed - even cities like Nashville have seen dramatic increases in home prices in recent years: https://www.nashvillepublicradio.org/post/after-years-surging-nashville-homes-prices-start-plateau#stream/0 https://www.nashvillepublicradio.org/post/after-years-surgin...
- beefalo 7y agoFrom looking at job markets vs cost recently, Nashville came out near the top for me on the list of worst job markets with most expensive housing.
- notadoc 7y agoThere are tons of fixer uppers in Dayton for 10k-30k, look on Zillow 30k isn't even 1/4 of a down payment on a fixer upper on the west coast.
- tathougies 7y ago> but that's less surprising given its NYC There's almost certainly as much (if not more) money on Sand Hill Rd than Wall St.
- xhgdvjky 7y agoin fact I think living on wall St is becoming more affordable