9 ms·
Even without the politics/nimbyism I am trying to imaging a realistic scenario where housing prices go down and stay down in California, but I just can't.
by seiferteric 3y ago
Even without the politics/nimbyism I am trying to imaging a realistic scenario where housing prices go down and stay down in California, but I just can't.
- skulk 3y agoCan you imagine one where wages go up instead to compensate?
- missedthecue 3y agoIt seems that the price of housing is directly related to how much people can afford to pay, meaning that increases in wages won't remediate housing cost increases, but contribute to them directly and indirectly.
- seiferteric 3y agoNah, this is why you can make $180k in CA and still feel poor cause you are competing with everyone around you in a zero sum game (real estate).