5 ms·
If only housing had the same kind of price drop
by eternityforest 5y ago
If only housing had the same kind of price drop
- imtringued 5y agoHouses got bigger faster than they got cheaper. That's on top of land going up in value.
- eternityforest 5y agoYeah that's the problem, you can't just make more land, so there's no incentive to do anything other than make any area you own into an expensive area.
- ajmurmann 5y agoIf regulations for building houses were compostable to those for building computers... Just think you had to ask the most opinionated people in your town every time you want to get a new computer and potentially ask people in your neighborhood when you want to make minor changes to you existing computer...
- Gollapalli 5y agoMicrosoft is the new HOA, and Google the new building commission.
- Cthulhu_ 5y agoGiven that land and the like is a limiting factor, the only way to get it cheaper is to develop the middle of the US (assuming it's about the US anyway), and / or to go upwards. But that too has limits; megacities like Singapore have built upwards for decades and is still one of the most expensive places to live. And another factor is that landlords and investors will resist oversupply. This is where China went wrong, billions have been invested in brand new cities that are effectively ghost towns; preparing for an influx of people that never came.
- nopzor 5y agosingapore has also ~doubled their population over the last ~decade, or at least in that order of magnitude. if they hadn’t, i’d argue that’d blunt prices.
- eternityforest 5y agoHas that oversupply affected prices at all? I thought they were a bit cheaper than the rest of the world?