3 ms·

I know we can all think of people being unreasonable, but I don't trust that its the norm, given my own experiences in trying to get out of the rent cycle and o

I know we can all think of people being unreasonable, but I don't trust that its the norm, given my own experiences in trying to get out of the rent cycle and others I've talked to. We aren't all trying to get 3 bed w/ a yard and amenities in the ultra desirable neighborhoods. I'd take a 2 bedroom in a safe neighborhood that maybe even doesn't have a yard (or has a really small one) and I can't even come at that reasonably EDIT: I work and live in a Tier 2 city where home prices are a median of 500K. This isn't SF, Manhattan or Seattle etc.

JumpCrisscross 3y ago
> a 2 bedroom in a safe neighborhood that maybe even doesn't have a yard (or has a really small one) This is a lot in a tier 1 city! Consider the de-densification that would be required to bring New York to that level of space for everyone.
- no_wizard 3y ago
  Not sure if you saw the edit, but I live in what is traditionally considered a Tier 2 city (Portland area) by most (all?) accounts. I face prices that are more appropriate for a Tier 1 city, and constraints more appropriate for a Tier 1 city, without the adjustments to wages of a Tier 1 city. This isn't wholly unique to Portland either. Some of this is policy, some of this is locality, some of it is state quirks, but generally speaking, policy does not reflect reality no matter where you look
  - seanmcdirmid 3y ago
    Portland actually has the tech jobs and salaries to stoke its housing prices, or no one could afford them. But I get the feeling that lower end wages must be less than Seattle given how much more affordable the restaurants are, that non tech jobs aren’t keeping up.
  - kasey_junk 3y ago
    Portland is considered a highly desirable city! Oklahoma City is similarly sized and has a median home price half of Portland.
    - no_wizard 3y ago
      It’s a Tier 2 city by Amy definition of that term I’ve ever read
      - kasey_junk 3y ago
        Not by the definition real estate investors use: https://www.investopedia.com/terms/r/real-estate-tier-classifications-tier-1-tier-2-and-tier-3.asp#:~:text=These%20cities%20have%20the%20most,developing%20their%20real%20estate%20markets https://www.investopedia.com/terms/r/real-estate-tier-classi....
        no_wizard 3y ago
        from the investopedia article: >Tier 2 cities such as Seattle or Pittsburgh If Seattle is somehow Tier 2, then Portland is definitely at most Tier 2, if not even lower

JumpCrisscross 3y ago

> a 2 bedroom in a safe neighborhood that maybe even doesn't have a yard (or has a really small one) This is a lot in a tier 1 city! Consider the de-densification that would be required to bring New York to that level of space for everyone.

no_wizard 3y ago
Not sure if you saw the edit, but I live in what is traditionally considered a Tier 2 city (Portland area) by most (all?) accounts. I face prices that are more appropriate for a Tier 1 city, and constraints more appropriate for a Tier 1 city, without the adjustments to wages of a Tier 1 city. This isn't wholly unique to Portland either. Some of this is policy, some of this is locality, some of it is state quirks, but generally speaking, policy does not reflect reality no matter where you look
- seanmcdirmid 3y ago
  Portland actually has the tech jobs and salaries to stoke its housing prices, or no one could afford them. But I get the feeling that lower end wages must be less than Seattle given how much more affordable the restaurants are, that non tech jobs aren’t keeping up.
- kasey_junk 3y ago
  Portland is considered a highly desirable city! Oklahoma City is similarly sized and has a median home price half of Portland.
  - no_wizard 3y ago
    It’s a Tier 2 city by Amy definition of that term I’ve ever read
    - kasey_junk 3y ago
      Not by the definition real estate investors use: https://www.investopedia.com/terms/r/real-estate-tier-classifications-tier-1-tier-2-and-tier-3.asp#:~:text=These%20cities%20have%20the%20most,developing%20their%20real%20estate%20markets https://www.investopedia.com/terms/r/real-estate-tier-classi....
      - no_wizard 3y ago
        from the investopedia article: >Tier 2 cities such as Seattle or Pittsburgh If Seattle is somehow Tier 2, then Portland is definitely at most Tier 2, if not even lower