intensely_human@lemm.ee 3 months ago
The other thing that’s “artificially” driving housing prices up is the consistently constrained supply enforced by overeager zoning and labyrinthine permitting processes.
intensely_human@lemm.ee 3 months ago
The other thing that’s “artificially” driving housing prices up is the consistently constrained supply enforced by overeager zoning and labyrinthine permitting processes.
wintermute_oregon@lemm.ee 3 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.
BearOfaTime@lemm.ee 3 months ago
Thank Blackrock, and all the 401k/roth/retirement investment orgs for investing in Blackrock.
wintermute_oregon@lemm.ee 3 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.
intensely_human@lemm.ee 3 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).
BearOfaTime@lemm.ee 3 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.
wintermute_oregon@lemm.ee 3 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.