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Prospering for who though? Landlords? Certainly not the average Californian making $50-$60k who can barely afford rent and groceries. Cost of living and quality

Prospering for who though? Landlords? Certainly not the average Californian making $50-$60k who can barely afford rent and groceries. Cost of living and quality of life are moving in opposite directions. Yep, big tech, Hollywood, beaches/Tahoe, and a lot of other things are great--but why can't people admit that the state has been getting shittier for the last 30 years? It obviously has. Housing prices going up isn't exactly 'prospering' for most... what other signs can you point to? Our failing schools? Or lack of any consequences for any crime? I would struggle to point to how the state is doing well--other than income potential.

hot_gril 3y ago
The complaint about home values is like saying "nobody drives cause there's too much traffic." There's far more housing than before, and many cities that used to be cheap new developments have become sought-after. Irvine and Glendale were cheap places that attracted immigrants and built themselves up. Every person with a home and family can afford it, otherwise they wouldn't be here. That's how I gauge it, combined with the constant complaints from people who've never set foot in CA. If you want a real failure story, it's San Francisco. Plenty of well-to-do people are leaving it, and at best it serves as a temporary workplace for people who don't care about its future.
- diogenescynic 3y ago
  Far more housing than before? No… housing is being built at lower numbers than ever… that’s precisely why property values have increased—when you restrict supply and increase demand (via immigration) then the price equilibrium pushes prices up. It’s borderline market manipulation. And there are so many different areas of California… Bay Area and Southern California surely are not representative of Central California or anything north of Marin county. Yes, if you’re rich and insulated in a nice neighborhood where houses cost $2m you’re probably pretty happy. If you’re living in Antioch or some area where sideshows happen and you see homeless people more often than you see cops… I’d bet you feel different.
  - hot_gril 3y ago
    There are more houses in California than before, and the sum of their value has probably far outpaced any other state. There's no shortage of usable land here. And well, don't live in the bad part of Antioch.
    - diogenescynic 3y ago
      You’re talking about absolutely values and ignoring that the rate of homes being built has stagnated to record lows (and definitely not keeping up with population growth and immigration). You’re either ignorant or dishonest or both. >And well, don't live in the bad part of Antioch. Might as well tell people not to be poor. Super useful advice, bub.
      - hot_gril 3y ago
        I'm ignoring that because it doesn't matter. Are you saying that our population is simply growing without places for people to stay? Half our population is homeless or something? If the state were doing so poorly, there wouldn't be demand to live here. And if you want to call me ignorant, give me the source on those "record lows" because all I can find is https://fred.stlouisfed.org/series/SMU06000002023610001SA https://fred.stlouisfed.org/series/SMU06000002023610001SA like are you comparing to the 2006 bubble? > Might as well tell people not to be poor. Super useful advice, bub. The suggestion is that if you cannot afford to live in an ok part of a city, you can instead be in a rural area, or better yet not live in California if you dislike it this much. I don't know if you'd find life better in the comparable part of Dallas or Detroit; weather alone might change your mind.
        diogenescynic 3y ago
        Parts of California are easily worse than Detroit: https://www.tiktok.com/t/ZTLka6qqp/ https://www.tiktok.com/t/ZTLka6qqp/ This is downtown SF after the sun goes down. This is 10x worse than it was 5 years ago. Meanwhile a fentanyl genocide is going on while liberal scumbag voters and politicians pat themselves on the back for giving out needles to them. It’s sick.
hnav 3y ago
Mean vs median, mean Californian is prosperous because of a big concentration of wealth at the top, median Californian is desperate. California is in a lot of ways a trendsetter and a microcosm so something to look forward to on a national level in the future.

hot_gril 3y ago

The complaint about home values is like saying "nobody drives cause there's too much traffic." There's far more housing than before, and many cities that used to be cheap new developments have become sought-after. Irvine and Glendale were cheap places that attracted immigrants and built themselves up. Every person with a home and family can afford it, otherwise they wouldn't be here. That's how I gauge it, combined with the constant complaints from people who've never set foot in CA. If you want a real failure story, it's San Francisco. Plenty of well-to-do people are leaving it, and at best it serves as a temporary workplace for people who don't care about its future.

diogenescynic 3y ago
Far more housing than before? No… housing is being built at lower numbers than ever… that’s precisely why property values have increased—when you restrict supply and increase demand (via immigration) then the price equilibrium pushes prices up. It’s borderline market manipulation. And there are so many different areas of California… Bay Area and Southern California surely are not representative of Central California or anything north of Marin county. Yes, if you’re rich and insulated in a nice neighborhood where houses cost $2m you’re probably pretty happy. If you’re living in Antioch or some area where sideshows happen and you see homeless people more often than you see cops… I’d bet you feel different.
- hot_gril 3y ago
  There are more houses in California than before, and the sum of their value has probably far outpaced any other state. There's no shortage of usable land here. And well, don't live in the bad part of Antioch.
  - diogenescynic 3y ago
    You’re talking about absolutely values and ignoring that the rate of homes being built has stagnated to record lows (and definitely not keeping up with population growth and immigration). You’re either ignorant or dishonest or both. >And well, don't live in the bad part of Antioch. Might as well tell people not to be poor. Super useful advice, bub.
    - hot_gril 3y ago
      I'm ignoring that because it doesn't matter. Are you saying that our population is simply growing without places for people to stay? Half our population is homeless or something? If the state were doing so poorly, there wouldn't be demand to live here. And if you want to call me ignorant, give me the source on those "record lows" because all I can find is https://fred.stlouisfed.org/series/SMU06000002023610001SA https://fred.stlouisfed.org/series/SMU06000002023610001SA like are you comparing to the 2006 bubble? > Might as well tell people not to be poor. Super useful advice, bub. The suggestion is that if you cannot afford to live in an ok part of a city, you can instead be in a rural area, or better yet not live in California if you dislike it this much. I don't know if you'd find life better in the comparable part of Dallas or Detroit; weather alone might change your mind.
      - diogenescynic 3y ago
        Parts of California are easily worse than Detroit: https://www.tiktok.com/t/ZTLka6qqp/ https://www.tiktok.com/t/ZTLka6qqp/ This is downtown SF after the sun goes down. This is 10x worse than it was 5 years ago. Meanwhile a fentanyl genocide is going on while liberal scumbag voters and politicians pat themselves on the back for giving out needles to them. It’s sick.

hnav 3y ago

Mean vs median, mean Californian is prosperous because of a big concentration of wealth at the top, median Californian is desperate. California is in a lot of ways a trendsetter and a microcosm so something to look forward to on a national level in the future.