4 ms·

1) Why would anyone on minimum wage need to afford a median house (or condo)? The person making the least would need to afford the cheapest house, not the media

by sershe 4y ago

1) Why would anyone on minimum wage need to afford a median house (or condo)? The person making the least would need to afford the cheapest house, not the median one. 2) No, housing prices have not skyrocketed for decades. It' simply not true, much less a fact. Aside from housing bubble and COVID mismanagement, they were flat-ish for decades in relation to income, only growing slowly. 3) Are you saying the recent "huge spike" over the last few years is caused by single family housing being preferred to multi-family construction? To me it clearly isn't.

effingwewt 4y ago
- sershe 4y ago
  What argument are you talking about? You were claiming that the problem is that the only houses being built are "expensive SFHs" and that needs to stop. I gave you the numbers that (1) multi-family (condo is the closest I could find) is not much cheaper the houses, do you disagree? Construction costs for apartments I could find are all over the place and hard to compare (they are often wide ranges with wide ranges of units) but they don't appear to be much lower too. Fundamentally, multi-family gets built because you can squeeze more housing in the same piece of land, land is the limiting factor, and land regulation makes both SFH and multi-family expensive. The type of housing has very little to do with it. (2) Price to income ratios are mostly flat /until the COVID spike/. P/I is the ~same between 1957 and 2017, what do you call that? Housing bubble was just that, a bubble, and it unwound all the way to 1980 levels. So, what remains is COVID spike. Can you point at the change in housing patterns that you argue about, that happened in 2020? Literally nothing related to housing, probably, caused the COVID spike (otherwise why didn't the price go up before?) - just money printing and inflation.
- dang 4y ago
  You've unfortunately been breaking the site guidelines quite a lot in recent threads. Can you please stop this? We have to ban accounts that post that way. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.

by sershe 4y ago

effingwewt 4y ago

sershe 4y ago
What argument are you talking about? You were claiming that the problem is that the only houses being built are "expensive SFHs" and that needs to stop. I gave you the numbers that (1) multi-family (condo is the closest I could find) is not much cheaper the houses, do you disagree? Construction costs for apartments I could find are all over the place and hard to compare (they are often wide ranges with wide ranges of units) but they don't appear to be much lower too. Fundamentally, multi-family gets built because you can squeeze more housing in the same piece of land, land is the limiting factor, and land regulation makes both SFH and multi-family expensive. The type of housing has very little to do with it. (2) Price to income ratios are mostly flat /until the COVID spike/. P/I is the ~same between 1957 and 2017, what do you call that? Housing bubble was just that, a bubble, and it unwound all the way to 1980 levels. So, what remains is COVID spike. Can you point at the change in housing patterns that you argue about, that happened in 2020? Literally nothing related to housing, probably, caused the COVID spike (otherwise why didn't the price go up before?) - just money printing and inflation.
dang 4y ago
You've unfortunately been breaking the site guidelines quite a lot in recent threads. Can you please stop this? We have to ban accounts that post that way. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.