4 ms·
Why would I live somewhere so expensive? Many seem to not understand that real estate is not unlimited-supply like most manufactured goods. Just because you wa
by ctdonath 5y ago
Why would I live somewhere so expensive?
Many seem to not understand that real estate is not unlimited-supply like most manufactured goods. Just because you want a particular home doesn’t mean expect it will go for MSRP like common retail goods. You’re bidding on a strictly limited supply, vs others willing to bid more. At some point reconsider what you’re actually trying to get, and that better is far more affordable elsewhere.
- loeg 5y agoYour datapoint was only interesting if it was comparable to building housing in UCSB. Since you don't live in Santa Barbara, I don't know why you brought it up. Your choices are completely irrelevant here. UCSB students have already determined that what is best for them is not what you describe as "better." Your mortgage rate in some cheaper locale is totally irrelevant to the cost of building a dwelling in Santa Barbara.