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Isn’t the main problem with the housing market that loans became so easy to obtain that prices increases 500% over 30 years? My parents had a nice suburban hou
by moksly 6y ago
Isn’t the main problem with the housing market that loans became so easy to obtain that prices increases 500% over 30 years?
My parents had a nice suburban house, that went from 300,000 Danish KR to a little over 3 million in the years they owned it. Which is about the maximum my generation can secure in loans on regular jobs. There is now way it’ll increase to 18million though.
- asdff 6y agoNot sure about denmark, but California is not building enough homes which is why prices are so high. The few homes available are all going to the slivers of the economy that can afford to spend $700k on a rotting 800 sqft bungalow without a foundation ordered from the Sears catalog in 1946.
- redis_mlc 6y agoInteresting, looks like Sears et al did sell houses thru 1942: http://www.sears-homes.com/2012/11/yes-virginia-sears-homes-were-built.html http://www.sears-homes.com/2012/11/yes-virginia-sears-homes-...