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The easy solution is that your quality of life should not infringe on the rights of millions of people to housing that doesn't cost 90% of their monthly income

The easy solution is that your quality of life should not infringe on the rights of millions of people to housing that doesn't cost 90% of their monthly income to pay for. And the state is going to drag local cities kicking and screaming to where we need to go, like it or not. I make well into 6 figures a year and I can't buy a shack in Fremont because of people like you.

ipaddr 4y ago
It's more afforable compared to an apartment in New York where a townhouse can set you back 15 million. Density isn't the issue demand is. You want to live in a place everyone else does. At 1.3 million on average you could buy 100a property on prime farmland or you could buy an apartment in New York or a house in Freemont. Wanting Freemont to be zoned like New York property would probably make it more popular with new hot properities and it will price you out further. The truth is there are a lot of people making more money who want housing in Freemont.
- ceeplusplus 4y ago
  Funnily enough buying a house close enough to work in NYC is actually cheaper, because Jersey City is viable and NY/NJ don't have Prop 13 to inflate property values. I could buy a 5bdr luxury home in a nice area with great schools in NYC in one of the outer boroughs or a high end luxury new construction in Jersey City. That same cash gets you a shack in a shitty part of the East Bay. > make it more popular with new hot properities and it will price you out further It's a common NIMBY misconception that adding more supply increases prices. Basic economics says this is obviously wrong. > The truth is there are a lot of people making more money who want housing in Freemont I'm pretty sure my income puts me in the top 10% of income in the Bay and definitely top 1% nationally. You're saying that less than 10% of the population should be able to purchase a starter home (what I mean by a shack). Do you not listen to what you're saying?
  - ipaddr 4y ago
    Average price in Freemont is 1.3 million. Top 1% nationwide is: 538,926 Top 10% in bay area: 534,600 If you make only 100k with no savings or partner you might be priced out of that 6000ft average home. Most people will buy as a couple, have a down payment and get help from parents which puts you at a disadvantage but it is still possible. No idea if a 5 bedroom NJ home is equal to a 3 bedroom 6000 ft home in Freemont. Not sure one location has more value. I would choose Freemont over NJ.
    - ceeplusplus 4y ago
      I see you are out of touch with the housing market. Zillow doesn't give an average but most of the homes listed in Fremont there are above $1.3M, more like 1.5-1.8M if you want something bigger than 1200 sqft. If you filter by >1500 sqft everything starts at 1.5M+. So no, there's no 6000sqft "average" home, these are all starter homes averaging 1.5-1.8M. Then factor in that most houses get 100-200k over asking price during the insane bidding process. > If you make only 100k with no savings or partner you might be priced out of that 6000ft average home. Most people will buy as a couple, have a down payment and get help from parents which puts you at a disadvantage but it is still possible Do you listen to what you're saying? A top 10% earner in the region needs to buy as a couple and get help from parents to afford a _starter home_? So everyone else that's under the 90th percentile is just screwed? > Top 1% nationwide is: 538,926 Top 10% in bay area: 534,600 90th percentile income in 2018 in the Bay was $384k [1]. Someone in the top 10% of incomes should not be struggling to afford a basic home with 3 bedrooms in a mediocre area. [1]: https://www.thecalifornian.com/story/news/2020/01/31/bay-area-has-highest-income-inequality-california/4625295002/ https://www.thecalifornian.com/story/news/2020/01/31/bay-are...
      - ipaddr 4y ago
        http://www.bayareaeconomy.org/wp-content/uploads/2021/03/Income-Inequality_3.10.21.pdf http://www.bayareaeconomy.org/wp-content/uploads/2021/03/Inc... The Bay area numbers I gave are from 2021 source included. Here are some current prices: https://www.realtor.com/realestateandhomes-search/Fremont_CA https://www.realtor.com/realestateandhomes-search/Fremont_CA The 1450+ feet one for 1.2 seems nice. The 760 one seems within reach. The prices are similiar around the world. 1.5-1.8 is the average house price in Toronto. If New York/NJ is under valued and you can get a similiar home for less I would probably make the move.
hellisothers 4y ago
Without knowing them exactly I imagine property owners actually do have rights in this situation. Where does the right “to housing that doesn’t cost 90% of their monthly income” come from?

ipaddr 4y ago

It's more afforable compared to an apartment in New York where a townhouse can set you back 15 million. Density isn't the issue demand is. You want to live in a place everyone else does. At 1.3 million on average you could buy 100a property on prime farmland or you could buy an apartment in New York or a house in Freemont. Wanting Freemont to be zoned like New York property would probably make it more popular with new hot properities and it will price you out further. The truth is there are a lot of people making more money who want housing in Freemont.

ceeplusplus 4y ago
Funnily enough buying a house close enough to work in NYC is actually cheaper, because Jersey City is viable and NY/NJ don't have Prop 13 to inflate property values. I could buy a 5bdr luxury home in a nice area with great schools in NYC in one of the outer boroughs or a high end luxury new construction in Jersey City. That same cash gets you a shack in a shitty part of the East Bay. > make it more popular with new hot properities and it will price you out further It's a common NIMBY misconception that adding more supply increases prices. Basic economics says this is obviously wrong. > The truth is there are a lot of people making more money who want housing in Freemont I'm pretty sure my income puts me in the top 10% of income in the Bay and definitely top 1% nationally. You're saying that less than 10% of the population should be able to purchase a starter home (what I mean by a shack). Do you not listen to what you're saying?
- ipaddr 4y ago
  Average price in Freemont is 1.3 million. Top 1% nationwide is: 538,926 Top 10% in bay area: 534,600 If you make only 100k with no savings or partner you might be priced out of that 6000ft average home. Most people will buy as a couple, have a down payment and get help from parents which puts you at a disadvantage but it is still possible. No idea if a 5 bedroom NJ home is equal to a 3 bedroom 6000 ft home in Freemont. Not sure one location has more value. I would choose Freemont over NJ.
  - ceeplusplus 4y ago
    I see you are out of touch with the housing market. Zillow doesn't give an average but most of the homes listed in Fremont there are above $1.3M, more like 1.5-1.8M if you want something bigger than 1200 sqft. If you filter by >1500 sqft everything starts at 1.5M+. So no, there's no 6000sqft "average" home, these are all starter homes averaging 1.5-1.8M. Then factor in that most houses get 100-200k over asking price during the insane bidding process. > If you make only 100k with no savings or partner you might be priced out of that 6000ft average home. Most people will buy as a couple, have a down payment and get help from parents which puts you at a disadvantage but it is still possible Do you listen to what you're saying? A top 10% earner in the region needs to buy as a couple and get help from parents to afford a _starter home_? So everyone else that's under the 90th percentile is just screwed? > Top 1% nationwide is: 538,926 Top 10% in bay area: 534,600 90th percentile income in 2018 in the Bay was $384k [1]. Someone in the top 10% of incomes should not be struggling to afford a basic home with 3 bedrooms in a mediocre area. [1]: https://www.thecalifornian.com/story/news/2020/01/31/bay-area-has-highest-income-inequality-california/4625295002/ https://www.thecalifornian.com/story/news/2020/01/31/bay-are...
    - ipaddr 4y ago
      http://www.bayareaeconomy.org/wp-content/uploads/2021/03/Income-Inequality_3.10.21.pdf http://www.bayareaeconomy.org/wp-content/uploads/2021/03/Inc... The Bay area numbers I gave are from 2021 source included. Here are some current prices: https://www.realtor.com/realestateandhomes-search/Fremont_CA https://www.realtor.com/realestateandhomes-search/Fremont_CA The 1450+ feet one for 1.2 seems nice. The 760 one seems within reach. The prices are similiar around the world. 1.5-1.8 is the average house price in Toronto. If New York/NJ is under valued and you can get a similiar home for less I would probably make the move.

hellisothers 4y ago

Without knowing them exactly I imagine property owners actually do have rights in this situation. Where does the right “to housing that doesn’t cost 90% of their monthly income” come from?