D&D and the rising pandemic

Ryujin said:

Real estate: 'Cause they ain't making any more of it

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Cadence said:

folks who just don't want to pay taxes but still want to reap all the profits

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Hussar said:

I know right now that the house I just bought three months ago will be worthless by the time I retire. It's not a nice feeling.

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Janx said:

here in the land of Texas, once I get to be OldEnough, property taxes freeze. That number is 65 or some higher number I can only hope to aspire to. Like very retiremed old people age. Haven't looked it up.

Definitely not 50, and I can assure you, the rate has gone up, year over year from when I was a younger home owner to the much, much closer to 50 home owner. A punk buying a home now is paying the same interest I am.

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FitzTheRuke said:

Correct me if I'm wrong about any of this (I have friends who live in Japan and I've been there six or seven times) - As a gaijin, you don't ever even have the option of owning the land, you just have the rights to the house and its use?

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Deset Gled said:

I think this was meant to be a joke, but my understanding is that this is literally the problem. We, as a people, stopped making as many new homes last year. We're starting to make more, but there are lots of parts shortages (lumber got a lot of attention, but it's not the only one) and labor issues. The end result is that demand is much greater than supply.

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Dannyalcatraz said:

Yet another reason to live in Texas: even our pricey real estate is cheaper. I live in one of the upper middle class suburbs of Dallas, and $520k will get you a house somewhere around 2200sq ft.

There are suburbs here where that will get you closer to 5000 sq ft.

(There are also suburbs here where that will get you living in someone’s pool cabana…)

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Maxperson said:

We just spent $940k last year here in Los Angeles for 2700. It's pricy here as well.

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Snarf Zagyg said:

Average (just average) price of a house in my area has gone from $580k (2015) to 800k (now).

But single family homes went from 700k to 1 million in the same time. More impressively, they went from $900k at the beginning of this year (2021) to July, which is an increase of 100k in this time. On average. That's not just "expensive subdivisions."

And even that's understating the market. It's driven by cash- people who want to buy with financing? Ha. Good luck with that. I knew someone who secured financing for up to $1.2 million, and they've been shut out of the market completely. They cannot compete with people (or ... entities) swooping in and offering cash. At that level.

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Snarf Zagyg said:

Average (just average) price of a house in my area has gone from $580k (2015) to 800k (now).

But single family homes went from 700k to 1 million in the same time. More impressively, they went from $900k at the beginning of this year (2021) to July, which is an increase of 100k in this time. On average. That's not just "expensive subdivisions."

And even that's understating the market. It's driven by cash- people who want to buy with financing? Ha. Good luck with that. I knew someone who secured financing for up to $1.2 million, and they've been shut out of the market completely. They cannot compete with people (or ... entities) swooping in and offering cash. At that level.

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