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I was trying to figure out why I equated cheap with bad which you pointed out to me. I think it's because I figured if someone built cheap housing, and it was a
by namecheapTA 4y ago
I was trying to figure out why I equated cheap with bad which you pointed out to me. I think it's because I figured if someone built cheap housing, and it was actually nice and somewhere you wanted to be, it wouldn't stay cheap for very long at all. If someone built and sold condos for 250k in a town that usually sells for 1 million.... Wouldn't the buyer soon sell it for 750k? If it's cheap, it basically has to be much worse than other options or it'll soon become the price of the expensive options.
- SenHeng 4y agoI'm not dimissing your experience which comes from the current situation. But the current situation came about because of intense gentrification and the housing prices rising faster than society could cope over the past few decades.
- namecheapTA 4y agoI don't really get it. Stockton CA is a bad place because housing prices rose too fast? The average house there is now probably 300k. If they were 100k still, Stockton would have less murder and car theft?