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Yeah, it's just dumb. Only winners in this market will be those who own property as an investment. First time home buying is quickly becoming a pipe dream.
by diob 5y ago
Yeah, it's just dumb. Only winners in this market will be those who own property as an investment. First time home buying is quickly becoming a pipe dream.
- maxerickson 5y agoIn areas with less than great job markets, housing has not really exploded in value. Which hey, they have less than great job markets. But there are lots of small to medium employers with solid jobs in most of those markets.
- wyclif 5y agoThat's why WFH is such a game changer, especially if you have a tech job.
- lumost 5y agoThis doesn’t necessarily mean housing is more affordable. If incomes are 1/4th SF and housing is 1/4th the price of SF then housing is still utterly out of reach for most people.
- maxerickson 5y agoI mean, I live in an area like that and for the jobs I'm talking about, housing is affordable. Median household income here is about 70% of the national median, there's decent houses available for $125k (and nicer stuff available as you go up from there).