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intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

• wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

  There are many things that caused the slow creep over the year. The last three years have sky rocketed the cost.

  Historically homes are suppose to grow at the rate of inflation. Maybe slightly higher.

  I wish both parties would team up to fight the rapid cost increase. Otherwise there will be a few generations who can’t own a home.

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  • BearOfaTime@lemm.ee ⁨8⁩ ⁨months⁩ ago

    Thank Blackrock, and all the 401k/roth/retirement investment orgs for investing in Blackrock.

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    • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

      lol. Yeah I’ve seen the argument they buy so little they don’t influence the market. I call BS. When I was buying my third home. I kept getting beat out by them. It took my a year to finally lock down my home.

      I think they are buying more in the low end to middle Market.

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  • intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

    I’m sure there are many factors, but constructive zoning plus rising population (ie rising demand) is itself sufficient to explain not only rising prices, but even accelerating price increases (since the demand curve isn’t linear).

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    • BearOfaTime@lemm.ee ⁨8⁩ ⁨months⁩ ago

      That’s only one element, and it’s not everywhere.

      In my city, it’s the opposite. They’re pushing for more home construction and less commercial.

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      • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

        Zoning issues is typical of blue states. California. Oregon has have heavy restrictions for legit reasons.

        People don’t realize restrictions make sense. You can’t cram 50k people into an area without the sewage, water, roads, etc. there is a balance.

        At one of my houses we have a restriction that each house must have 1 acre. It seems crazy till you learn most of that is an easement for electric and drainage. So while I have an acre. Most of it’s not useable. It’s just grass.

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