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Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely

Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.

DANmode 1y ago
Because you've all treated housing as a financial instrument, instead of what it should be: safety for your family.
- jmclnx 1y ago
  I look at it as an expense. If you can sell and make a few bucks, great. But I doubt any new buyers will make out. I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
  - s5300 1y ago
    [dead]
  - gottorf 1y ago
    > I expect in the not to distant future, the only way someone will get to own a house is to inherent one. Only if the current insanity around zoning and regulation persists. In many real estate markets, it's literally illegal to increase the supply of housing; in others, price controls make it unappealing to invest in increasing the supply of housing. I don't know what kind of toxicity is unique to the Anglophone world that exacerbates this problem, but at some point we just need to rip off the band-aid, tell existing homeowners to cry more, and just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country.
    - jmclnx 1y ago
      >just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country You are right, but there is always a but :) Seems right now the "good jobs" are only being create around a few mega cities. DC, NY, SF and a few others. DC stalled a bit I think due to DOGE. In a lot of those areas NIMBH is big. So if you build like crazy in many "fly over" states, where is is plenty of land, at best the builders will not make a profit. But probably the houses will stay empty. As with everything else, politicians will not make the hard decisions due to fear. I use to be against term-limits, but the last 25 years proved me wrong :(
- bobthepanda 1y ago
  The market can stay irrational longer than you can stay solvent, and in a world where every home is priced this way it’s not like you could go to an alternative housing market.
  - charlie0 1y ago
    Of course you can, digital nomads have been geoarbitraging for a long time.
    - deleted 1y ago
      [deleted]
    - deleted 1y ago
      [deleted]
    - bravetraveler 1y ago
      Truly upsetting that what was a joke is now my best plan: van, river. Absolutely zero interest in sharing walls with people again... or participating in building the next Company City. Bidding against colleagues is enough to make the bosses laugh. So, behave like a dragon. Hoard coins and, eventually/occasionally, fly. Maybe burn some stuff.
  - DANmode 1y ago
    Are you sure?
clipsy 1y ago
> Even if you sell your house for a million dollar where will You move to? Literally anywhere in the "bottom" 99% of the country by real estate costs?
- eigen 1y ago
  median home price was 410k in 2025Q2 [1] so it may take most/all the net gains to purchase a median house. 1. https://fred.stlouisfed.org/series/MSPUS https://fred.stlouisfed.org/series/MSPUS
  - gottorf 1y ago
    Very closely tracks the money supply[0]. [0]: https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
  - clipsy 1y ago
    Complaining because you can "only" afford to buy a median house without needing a mortgage has to be one of the more shockingly out of touch things I've heard on this very out of touch site.
    - deleted 1y ago
      [deleted]
  - zihotki 1y ago
    General median home price is a metric but of a limited value. There are a lot of homes in remote areas and they don't cost much. The only downside is that they cost so little because they are in remote areas without jobs. One can buy such house only to retire.
- zihotki 1y ago
  And what would you do there? Are there enough jobs in those areas?
  - DANmode 1y ago
800xl 1y ago
The job market is scary. I can afford a better house right now but am scared shitless I won’t be able to keep my income up. So we stay in our small old house for now, maybe forever.
- Esophagus4 1y ago
  Yes - looking around at the volume of people on the job market after years of layoffs, it is a very humbling experience thinking that if I do end up unemployed, I will have a hard time orchestrating my personal soft landing.
- deleted 1y ago
  [deleted]

DANmode 1y ago

Because you've all treated housing as a financial instrument, instead of what it should be: safety for your family.

jmclnx 1y ago
I look at it as an expense. If you can sell and make a few bucks, great. But I doubt any new buyers will make out. I expect in the not to distant future, the only way someone will get to own a house is to inherent one.
- s5300 1y ago
  [dead]
- gottorf 1y ago
  > I expect in the not to distant future, the only way someone will get to own a house is to inherent one. Only if the current insanity around zoning and regulation persists. In many real estate markets, it's literally illegal to increase the supply of housing; in others, price controls make it unappealing to invest in increasing the supply of housing. I don't know what kind of toxicity is unique to the Anglophone world that exacerbates this problem, but at some point we just need to rip off the band-aid, tell existing homeowners to cry more, and just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country.
  - jmclnx 1y ago
    >just build, build, build. There's no inherent reason why the price of houses should so far exceed income in this vast country You are right, but there is always a but :) Seems right now the "good jobs" are only being create around a few mega cities. DC, NY, SF and a few others. DC stalled a bit I think due to DOGE. In a lot of those areas NIMBH is big. So if you build like crazy in many "fly over" states, where is is plenty of land, at best the builders will not make a profit. But probably the houses will stay empty. As with everything else, politicians will not make the hard decisions due to fear. I use to be against term-limits, but the last 25 years proved me wrong :(
bobthepanda 1y ago
The market can stay irrational longer than you can stay solvent, and in a world where every home is priced this way it’s not like you could go to an alternative housing market.
- charlie0 1y ago
  Of course you can, digital nomads have been geoarbitraging for a long time.
  - deleted 1y ago
    [deleted]
  - deleted 1y ago
    [deleted]
  - bravetraveler 1y ago
    Truly upsetting that what was a joke is now my best plan: van, river. Absolutely zero interest in sharing walls with people again... or participating in building the next Company City. Bidding against colleagues is enough to make the bosses laugh. So, behave like a dragon. Hoard coins and, eventually/occasionally, fly. Maybe burn some stuff.
- DANmode 1y ago
  Are you sure?

clipsy 1y ago

> Even if you sell your house for a million dollar where will You move to? Literally anywhere in the "bottom" 99% of the country by real estate costs?

eigen 1y ago
median home price was 410k in 2025Q2 [1] so it may take most/all the net gains to purchase a median house. 1. https://fred.stlouisfed.org/series/MSPUS https://fred.stlouisfed.org/series/MSPUS
- gottorf 1y ago
  Very closely tracks the money supply[0]. [0]: https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
- clipsy 1y ago
  Complaining because you can "only" afford to buy a median house without needing a mortgage has to be one of the more shockingly out of touch things I've heard on this very out of touch site.
  - deleted 1y ago
    [deleted]
- zihotki 1y ago
  General median home price is a metric but of a limited value. There are a lot of homes in remote areas and they don't cost much. The only downside is that they cost so little because they are in remote areas without jobs. One can buy such house only to retire.
zihotki 1y ago
And what would you do there? Are there enough jobs in those areas?
- DANmode 1y ago

800xl 1y ago

The job market is scary. I can afford a better house right now but am scared shitless I won’t be able to keep my income up. So we stay in our small old house for now, maybe forever.

Esophagus4 1y ago
Yes - looking around at the volume of people on the job market after years of layoffs, it is a very humbling experience thinking that if I do end up unemployed, I will have a hard time orchestrating my personal soft landing.
deleted 1y ago
[deleted]