6 ms·
Fixing the housing crisis is not rocket science. “Minneapolis has been build
- toomuchtodo 3y agoCan someone from Minneapolis share ground truth as to what the mix of building looks like? Condos? Mid rise apartments? Townhomes? Curious how this can be replicated elsewhere where the local planning is amiable to housing over NIMBYS.
- gustavus 3y ago[flagged]
- code_duck 3y agoWhy would those factors have not affected the other markets in the chart?
- polygamous_bat 3y agoExactly, compare this with New York, for example.
- ejstronge 3y agoYour and a sibling comment want to make the Floyd protests into an explanation for the data… while the trend both existed before the event and has continued afterwards
- gustavus 3y agoYes there was a slight trend before 2020 but then during 2020 it accelerates rapidly. Considering Minneapolis was particularly hard hit by the ACAB rehetoric and the "firey but mostly peaceful" protests it would be hard to not seriously believe that the BLM protests/riots were a significant part of that. I agree with the fundamental principle being stated but I also don't like bad and manipulative data.
- nikanj 3y agoX refuses to show me posts, does anyone have a mirror?
- dredmorbius 3y agoNitter: <https://nitter.net/scienceisstrat1/status/1702663125613301785 https://nitter.net/scienceisstrat1/status/170266312561330178...>
- mortureb 3y agoWouldn’t this dissuade private individuals from purchasing homes and make new home building a government endeavor.
- aperson_hello 3y agoBuilding new inventory and making housing more affordable would dissuade individuals from buying new homes?
- zamalek 3y agoReal estate is often seen as a safe investment. If property prices fall then it is no longer an investment.
- drekk 3y agoIt's a "safe investment" because people need a place to live and the supply is artificially constrained. Personally don't see why the barrier to having a place to live for new generations should be raised just so that boomers can guarantee returns on an asset.
- HWR_14 3y agoSo the harm is people will invest in the stock market instead of buying real estate to rent out?
- polygamous_bat 3y ago> If property prices fall then it is no longer an investment. So people who want to park their money in a house rather than living in it are discouraged to buy up the available housing. Yup, good. Seems like it should be going exactly as expected.
- mortureb 3y agoGood if it’s nationwide but that’s not the case here. You’re just going to have a city with no development besides the one carried out by government.
- jwie 3y ago[flagged]
- mortureb 3y agoYour dogwhistle bullshit is incorrect. Prices have been dropping for many years now.
- gustavus 3y agoYes they were but if you look at the actual chart it went from median rents slowly going from 100 to around 95 from 2017 to 2020 and then dropping drastically to 80 in 2020. If anyone believes that the "firey but mostly peaceful" protests didn't have an effect are trying really hard to believe that 2 + 2 = 5.
- mortureb 3y agoEvery city has had protests- Atlanta, Philadelphia, San Francisco, New York but rents are higher than ever. Does that mean protests are good for the housing market? Maybe, just maybe, the government building a lot of new housing like the article says may be the reason prices are dropping? Or are you suggesting some kind of contemporary white flight when the white population of Minneapolis has actually increased significantly between 2020 and 2021 from 59% to 63%. https://en.wikipedia.org/wiki/Demographics_of_Minneapolis https://en.wikipedia.org/wiki/Demographics_of_Minneapolis (Under race and ethnicity)
- pchristensen 3y agoIt’s also comparing it to similar midwestern cities with similar population dynamics.
- Eumenes 3y ago[flagged]