4 ms·
Not everywhere is California
by duped 5y ago
Not everywhere is California
- whimsicalism 5y agoIt's not just happening in California.
- WarOnPrivacy 5y agoIt's true that all the other markets with severe housing shortages are not California.
- nebula8804 5y agoMany cheap places have other problems that are reflected in the price of the property (ie. There is a cost to living in a town full of anti-vaxxers/religious nutjobs/etc.) If you look at California exodus data, its mainly people making less than 100K, population is increasing for people making more than 100K. Despite this, property prices are still increasing elsewhere. This is a worst of all worlds scenario.
- tjr225 5y agoLook at any moderately sized midwest cities subreddit and you will find countless posts about rapidly rising housing costs.
- duped 5y agoI live in a moderately sized Midwestern city. We don't have a shortage of new construction or regressive zoning laws.
- tjr225 5y agoWell, that’s fantastic for you. I’ve got friends in Kansas City whose 100k house is now worth 300k. Friends in Omaha buying new construction for 400k. Housing shortages in Grand Rapids, Michigan where I am from. If you’re immune to all of this, you must be in either a very magical, or very undesirable place. It must not be California, that’s for sure.
- deleted 5y ago[deleted]
- pvarangot 5y agoNo it's not, but everyone selling their house for 1 million dollars in California is indeed going everywhere and outbidding the locals.