569
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Nov 2023
569 points (98.3% liked)
News
23409 readers
1934 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Houses were smaller back then and priced more appropriatly because they weren't being bought up for renting and as financial safe-haven by financial entities. The majority of new homes are 2,500+sqft, average new homes in the post-war era were around 1,000sqft. In the 70s average homes were around 1,500sqft.
There are a lot of homes in the 1,000-1,200sqft range that are under $150k. In my area there are about 1k homes under $150k(2/3 under $120k), there are about 3k priced $150-350k.
You referenced the adjusted price and I am talking about $150k homes because the homes under $120k tend to be houses that need $30k in renovations/repairs because the previous owners stopped doing maintenance and haven't updated in decades which leaves first-time buyers holding the bag.
Home prices aren't even the problem, stagnated wages are the problem. The size of homes increasing doesn't help and people demoing reasonably priced homes to build 2.5+sqft homes doesn't help. If builders had incentive to build sane starter homes and wages were where they should be, the housing market would be in better shape for people trying to start a life and own property.