5 ms·

Awesome news. Maybe people can afford housing again?

TOMDM 5y ago
I think most of this trend is happening in small counties. Lots of people are moving to big cities, immigration means that the population is still growing very slowly. Even if all these small counties emptied out, I don't think many people would want to live in them, you can already snap up housing there at a bargain price.
- throwaway0a5e 5y ago
  >Even if all these small counties emptied out, I don't think many people would want to live in them, you can already snap up housing there at a bargain price. It's only a bargain when you're looking at it from the perspective of someone making stupid money doing tech or high finance in a big city.
  - fundad 5y ago
    And then you have a long drive to a hospital or even buying a replacement appliance. Good luck hiring someone for repair or childcare.
  - TOMDM 5y ago
    Maybe. What I'd like to see but can't find in ten minutes of googling is a combination of these charts https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment https://www.nar.realtor/research-and-statistics/housing-stat... https://www.census.gov/library/visualizations/interactive/2014-2018-median-household-income-by-county.html https://www.census.gov/library/visualizations/interactive/20... So that I could see a median income / housing cost ratio by county. I still think the main reason that people aren't moving into these small counties with cheap housing though is that nobody wants to live there. By many metrics they're not pleasant places to live.
- zone411 5y ago
  People were not moving to big cities in 2021. https://www.nytimes.com/2022/03/24/us/census-2021-population-growth.html https://www.nytimes.com/2022/03/24/us/census-2021-population...
  - fundad 5y ago
    City!=County in the states
    - zone411 5y ago
      Huh? The parent post talked about people moving to big cities and that's what I replied to. Also, considering I created city-data.com with information about U.S. cities and counties, I know ;)
  - TOMDM 5y ago
    I'm getting paywalled on that article. My assumption is that instead of moving to the biggest cities in the us, people are spreading out amongst the smaller cities, not the myriad of tiny counties in the US. Am I wrong? EDIT: https://web.archive.org/web/20220324065328/https://www.nytimes.com/2022/03/24/us/census-2021-population-growth.html https://web.archive.org/web/20220324065328/https://www.nytim... "But the 10 fastest growing counties last year accounted for nearly 80 percent of the national total, a testament not so much to the rapid pace of change in these places, but to the lack of significant growth in the rest of the nation."
  - jeffbee 5y ago
    "Phoenix, Houston, Dallas, Austin and Atlanta gained more than a total of 300,000 residents." are these not big cities?
    - Kye 5y ago
      They're big metros. I doubt 300,000 people moved into Atlanta, the city. That would almost double the population.
      - 5y ago
crate_barre 5y ago
Those houses get passed down to kids, so no.
- deleted 5y ago
  [deleted]
User23 5y ago
Don’t worry, Blackrock is making sure the housing market prices remain “healthy.”

I think most of this trend is happening in small counties. Lots of people are moving to big cities, immigration means that the population is still growing very slowly. Even if all these small counties emptied out, I don't think many people would want to live in them, you can already snap up housing there at a bargain price.

throwaway0a5e 5y ago
>Even if all these small counties emptied out, I don't think many people would want to live in them, you can already snap up housing there at a bargain price. It's only a bargain when you're looking at it from the perspective of someone making stupid money doing tech or high finance in a big city.
- fundad 5y ago
  And then you have a long drive to a hospital or even buying a replacement appliance. Good luck hiring someone for repair or childcare.
- TOMDM 5y ago
  Maybe. What I'd like to see but can't find in ten minutes of googling is a combination of these charts https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment https://www.nar.realtor/research-and-statistics/housing-stat... https://www.census.gov/library/visualizations/interactive/2014-2018-median-household-income-by-county.html https://www.census.gov/library/visualizations/interactive/20... So that I could see a median income / housing cost ratio by county. I still think the main reason that people aren't moving into these small counties with cheap housing though is that nobody wants to live there. By many metrics they're not pleasant places to live.
zone411 5y ago
People were not moving to big cities in 2021. https://www.nytimes.com/2022/03/24/us/census-2021-population-growth.html https://www.nytimes.com/2022/03/24/us/census-2021-population...
- fundad 5y ago
  City!=County in the states
  - zone411 5y ago
    Huh? The parent post talked about people moving to big cities and that's what I replied to. Also, considering I created city-data.com with information about U.S. cities and counties, I know ;)
- TOMDM 5y ago
  I'm getting paywalled on that article. My assumption is that instead of moving to the biggest cities in the us, people are spreading out amongst the smaller cities, not the myriad of tiny counties in the US. Am I wrong? EDIT: https://web.archive.org/web/20220324065328/https://www.nytimes.com/2022/03/24/us/census-2021-population-growth.html https://web.archive.org/web/20220324065328/https://www.nytim... "But the 10 fastest growing counties last year accounted for nearly 80 percent of the national total, a testament not so much to the rapid pace of change in these places, but to the lack of significant growth in the rest of the nation."
- jeffbee 5y ago
  "Phoenix, Houston, Dallas, Austin and Atlanta gained more than a total of 300,000 residents." are these not big cities?
  - Kye 5y ago
    They're big metros. I doubt 300,000 people moved into Atlanta, the city. That would almost double the population.
    - 5y ago

crate_barre 5y ago

Those houses get passed down to kids, so no.

deleted 5y ago
[deleted]

User23 5y ago

Don’t worry, Blackrock is making sure the housing market prices remain “healthy.”