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I don't think what happened in SV is completely unique though. I live on the other coast and the price of housing maybe isn't as bad as SV but it is still outra
by chrsw 2y ago
I don't think what happened in SV is completely unique though. I live on the other coast and the price of housing maybe isn't as bad as SV but it is still outrageous. And I think some people lucky enough to afford it are buying in on the promise that will be even worse in the future so they can sell off.
- bumby 2y agoAll I’m saying is that the degree is unique. By and large, home prices have went up in other parts of the country but not by 10x like implied by the author. Once you strip away the preference piece (ie, measure by $/sqft rather than absolute values) the effect is still there but much less pronounced.
- chrsw 2y agoThat's true. My point was if you're part of the population that has a good job and still can't afford a home where you live, because of how we've allowed this situation in the housing market to happen, and which is a large population of people, then I don't think your zip code matters very much.