4 ms·

It has in several cities, including Austin, where I live.

by etchalon 11mo ago

ortusdux 11mo ago
Zillow publishes some interesting data: https://www.zillow.com/home-values/10221/austin-tx/ https://www.zillow.com/home-values/10221/austin-tx/ https://www.zillow.com/home-values/102001/united-states/ https://www.zillow.com/home-values/102001/united-states/
- Workaccount2 11mo ago
  What's fascinating to see is that around me the wealthy towns are seeing 6-7% annual appreciation whereas the lower middle class towns are in the 2-3% range. K-shaped economy and all that I suppose.
  - taeric 11mo ago
    Ish? Look into towns that didn't have a high reliance on tech. In particular, look for ones that didn't ride the rollercoaster of really high wages that a lot of tech drove and is now flattening off. Looks like shipping is also an industry that you probably don't want to track on this search. Other than that, places that saw modest wage growth saw similarly modest housing cost growth. And haven't seen it fall back, yet.
TrainedMonkey 11mo ago
I feel like 50% of that is explained by the luxury housing build out bubble in Austin specifically.
- etchalon 11mo ago
  We just overbuilt everything. Condos, houses, etc. There's a lot of inventory no matter what type of housing you're looking for.
  - cantaloupe 11mo ago
    The academic consensus is that there is a housing shortage, not a surplus. Perhaps there is a local surplus in undesirable areas, but that isn’t true in cities or nationally. https://www.brookings.edu/articles/make-it-count-measuring-our-housing-supply-shortage/ https://www.brookings.edu/articles/make-it-count-measuring-o...
    - nemomarx 11mo ago
      Austin and Texas in general have less housing restrictions than other places wrt zoning and regulation, so they could plausibly have a surplus. You can only really speak locally about any of this because location determines the market
  - qball 11mo ago
    No, you just happened to build appropriately because a certain subfaction of the population weren't able to pass the typical laws that would stop building. The housing shortage was created by regulation and it's foolish or selfish to pretend otherwise. Austin is unique in that most of the harmful self-serving conservatism-as-in-block-and-deny-all-development that city people usually to do is constrained by the rest of the state, and as an obvious result arguably has the highest standard of living in the entire world.
    - awesome_dude 11mo ago
      kind of.. and kind of not regulation /tends/ to be introduced because builders are misbehaving (bad materials, bad workmanship, building in flood zones, etc), but the bigger problem is NIMBY who then use those laws to prevent other people building in "their" neighbourhood
      - greenie_beans 11mo ago
        it's the market dynamics that create under building, not regulations. if regulations are the problem, then how were builders able to build record number housing starts leading up the GFC? and after the crash, housing starts dramatically lowered. were there new regulations introduced during that time period?
burnt-resistor 11mo ago
Moved out of ATX to somewhere around hill country last year. There were just too many boring, uncool, rich bozos moving in, and I couldn't take it anymore.

It has in several cities, including Austin, where I live.

Zillow publishes some interesting data: https://www.zillow.com/home-values/10221/austin-tx/ https://www.zillow.com/home-values/10221/austin-tx/ https://www.zillow.com/home-values/102001/united-states/ https://www.zillow.com/home-values/102001/united-states/

Workaccount2 11mo ago
What's fascinating to see is that around me the wealthy towns are seeing 6-7% annual appreciation whereas the lower middle class towns are in the 2-3% range. K-shaped economy and all that I suppose.
- taeric 11mo ago
  Ish? Look into towns that didn't have a high reliance on tech. In particular, look for ones that didn't ride the rollercoaster of really high wages that a lot of tech drove and is now flattening off. Looks like shipping is also an industry that you probably don't want to track on this search. Other than that, places that saw modest wage growth saw similarly modest housing cost growth. And haven't seen it fall back, yet.

TrainedMonkey 11mo ago

I feel like 50% of that is explained by the luxury housing build out bubble in Austin specifically.

etchalon 11mo ago
We just overbuilt everything. Condos, houses, etc. There's a lot of inventory no matter what type of housing you're looking for.
- cantaloupe 11mo ago
  The academic consensus is that there is a housing shortage, not a surplus. Perhaps there is a local surplus in undesirable areas, but that isn’t true in cities or nationally. https://www.brookings.edu/articles/make-it-count-measuring-our-housing-supply-shortage/ https://www.brookings.edu/articles/make-it-count-measuring-o...
  - nemomarx 11mo ago
    Austin and Texas in general have less housing restrictions than other places wrt zoning and regulation, so they could plausibly have a surplus. You can only really speak locally about any of this because location determines the market
- qball 11mo ago
  No, you just happened to build appropriately because a certain subfaction of the population weren't able to pass the typical laws that would stop building. The housing shortage was created by regulation and it's foolish or selfish to pretend otherwise. Austin is unique in that most of the harmful self-serving conservatism-as-in-block-and-deny-all-development that city people usually to do is constrained by the rest of the state, and as an obvious result arguably has the highest standard of living in the entire world.
  - awesome_dude 11mo ago
    kind of.. and kind of not regulation /tends/ to be introduced because builders are misbehaving (bad materials, bad workmanship, building in flood zones, etc), but the bigger problem is NIMBY who then use those laws to prevent other people building in "their" neighbourhood
    - greenie_beans 11mo ago
      it's the market dynamics that create under building, not regulations. if regulations are the problem, then how were builders able to build record number housing starts leading up the GFC? and after the crash, housing starts dramatically lowered. were there new regulations introduced during that time period?

burnt-resistor 11mo ago

Moved out of ATX to somewhere around hill country last year. There were just too many boring, uncool, rich bozos moving in, and I couldn't take it anymore.