Poll of the Day > Why has housing prices gone up so much?

Topic List
Page List: 1, 2
Cotton_Eye_Joe
10/11/23 1:29:32 PM
#1:


A manager at a shitty fast food restaurant could easily afford a house in Sacramento or L.A two or three decades ago.

Now they can barely afford rent in a shack with three roommates.

---
Starfield is a 7/10. Get over it.
... Copied to Clipboard!
MightBeOverSoon
10/11/23 1:41:09 PM
#2:


Real estate is the best investment there is. It's always going to go up over a long enough time line
They ain't making more land., and when they rty, it doesn't go well. Just ask Dubai.

Your parents should have been landlords and built a real estate empire while it was cheap. It's probably too late for you now.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
potdnewb
10/11/23 1:43:36 PM
#3:


banks and those backing the federal reserve stealing
... Copied to Clipboard!
teddy241
10/11/23 2:36:34 PM
#4:


MightBeOverSoon posted...


Your parents should have been landlords and built a real estate empire while it was cheap. It's probably too late for you now.
Realist post in the room. Bada bing, bada boom! How you Doin'?
... Copied to Clipboard!
Jen0125
10/11/23 2:38:31 PM
#5:


Greed
... Copied to Clipboard!
adjl
10/11/23 3:27:50 PM
#6:


Jen0125 posted...
Greed


---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Yellow
10/11/23 3:37:57 PM
#7:


Is it because people are scalping them, or is it because we just don't have enough houses?

Why are people allowed to just buy and sell houses like pokemon cards?
... Copied to Clipboard!
MightBeOverSoon
10/11/23 3:48:44 PM
#8:


Yellow posted...
Why are people allowed to just buy and sell houses like pokemon cards?

Why wouldn't they be?

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
Yellow
10/11/23 3:53:34 PM
#9:


MightBeOverSoon posted...
Why wouldn't they be?
I guess because it fucks everyone over and serves no purpose
... Copied to Clipboard!
potdnewb
10/11/23 3:54:40 PM
#10:


why do humans even think they have the right to say they own a part of the earth

---
https://youtu.be/mSgnC5eQ5u0?si=lh_nzFRDz4j4jhc8
... Copied to Clipboard!
MightBeOverSoon
10/11/23 3:57:57 PM
#11:


Yellow posted...
I guess because it fucks everyone over and serves no purpose

Uh, it serves the purpose of making money

Other people don't need to enter into it, unless of course it's to pay up

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
MightBeOverSoon
10/11/23 3:58:17 PM
#12:


potdnewb posted...
why do humans even think they have the right to say they own a part of the earth

Because of reasons

Why do you even think you have the right to say you own ANYTHING? Can I come to your house and just help myself to your shit? I don't really want any of it, but I'm sure someone out there does.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
TomNook
10/11/23 4:12:45 PM
#13:


potdnewb posted...
why do humans even think they have the right to say they own a part of the earth
Am I being detained?

---
Bells, bells, bells!
... Copied to Clipboard!
adjl
10/11/23 4:32:46 PM
#14:


Yellow posted...
Is it because people are scalping them, or is it because we just don't have enough houses?

It's a bit of both. Populations have grown, and in particular more people are moving to cities, but in most cases they haven't grown by that much and the number of potential homes has increased by enough that everyone could be housed. A very sizable number of potential homes are tied up as investments, though, often sitting empty while people gamble with the land or being turned into short-term rentals that throw off cities' efforts to plan zoning and development plans. That cuts down supply, while demand remains the same or grows, and that drives values up. In turn, that makes them even more attractive as investments, which means even more gets taken out of the housing market by investors (who, after a certain point, are the only ones that can even afford to buy properties because they're leeching off of everyone else), driving prices up further, and so on.

Yellow posted...
Why are people allowed to just buy and sell houses like pokemon cards?

Because most of the people in a position to regulate the housing market have significant real estate investments of their own and therefore have a vested interest in not solving what's proving to be a very lucrative problem for them.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
potdnewb
10/11/23 4:33:48 PM
#15:


Jen0125 posted...
Greed

potdnewb posted...
banks and those backing the federal reserve stealing


---
https://youtu.be/mSgnC5eQ5u0?si=lh_nzFRDz4j4jhc8
... Copied to Clipboard!
potdnewb
10/11/23 4:35:51 PM
#16:


also remember the only reason the people who believe they have to right to sell land are the same people that we as a society have deemed to be in charge of the land

---
https://youtu.be/mSgnC5eQ5u0?si=lh_nzFRDz4j4jhc8
... Copied to Clipboard!
blu
10/11/23 4:46:05 PM
#17:


MightBeOverSoon posted...
Real estate is the best investment there is.

Id say this is false. Its actually business (stocks). Real Estate is in business, sure, but just about 4% of exposure for me. Also any invidious piece of real estate is highly risky like any individual stock.
... Copied to Clipboard!
MightBeOverSoon
10/11/23 5:01:29 PM
#18:


potdnewb posted...
also remember the only reason the people who believe they have to right to sell land are the same people that we as a society have deemed to be in charge of the land

So people have no right to property?
Get outta here with that commie gobbledygook

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
Yellow
10/11/23 5:09:21 PM
#19:


Ownership of land is a social construct and obviously can't be proven as a real thing that exists

It's a legal tool we use to say "you can't put that there or be here, that's my property, get out of my house"

Most animals have some version of it. Ours is through paperwork, theirs is by marking trees with scents from their urine.

adjl posted...
...
Got it.
... Copied to Clipboard!
adjl
10/11/23 5:34:58 PM
#20:


MightBeOverSoon posted...
So people have no right to property?
Get outta here with that commie gobbledygook

I'm not sure why so many people have so much difficulty understanding that there's substantial middle ground between "people have no right to property" and "people should be able to do whatever they want with their property regardless of the consequences."

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
potdnewb
10/11/23 5:39:01 PM
#21:


MightBeOverSoon posted...
So people have no right to property?
Get outta here with that commie gobbledygook
do people have a right to have a property to live on of course they do
should some people have the right to claim to own large swatches of land and be able to charge extraordinary prices so people can simply have a home of course not

---
https://youtu.be/mSgnC5eQ5u0?si=lh_nzFRDz4j4jhc8
... Copied to Clipboard!
MightBeOverSoon
10/11/23 5:42:43 PM
#22:


potdnewb posted...
do people have a right to have a property to live on of course they do
should some people have the right to claim to own large swatches of land and be able to charge extraordinary prices so people can simply have a home of course not

Cool, who is going to determine what a large swathe* of land is and what an extraordinary price is?

Frankly it all just sounds like jealoisy

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
mario2000
10/11/23 5:55:00 PM
#23:


MightBeOverSoon posted...
So people have no right to property?
Get outta here with that commie gobbledygook

"Commie gobbledygook"?

ok grandpa

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
MightBeOverSoon
10/11/23 5:59:09 PM
#24:


mario2000 posted...
"Commie gobbledygook"?

ok grandpa

It would be Grandma, but really its just mom.
also, Ok, renter.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
mario2000
10/11/23 6:02:54 PM
#25:


No seriously who the fuck talks like that, did you fall out of a time warp from the 1960's?

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
adjl
10/11/23 6:03:06 PM
#26:


MightBeOverSoon posted...
Cool, who is going to determine what a large swathe* of land is and what an extraordinary price is?

You say this like governments don't define arbitrary thresholds all the time, adjusting them as needed when new information comes in to suggest they aren't working for whatever reason.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Jen0125
10/11/23 6:03:35 PM
#27:


Are only renters mad about the housing market and rent prices? I own my home and I'm pissed about it. Like the "OK renter" remark is so dumb lol
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:06:10 PM
#28:


mario2000 posted...
No seriously who the fuck talks like that, did you fall out of a time warp from the 1960's?

Me. I talk like that. Why you so mad about it?

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
mario2000
10/11/23 6:09:46 PM
#29:


MightBeOverSoon posted...
Me. I talk like that. Why you so mad about it?

You sound like a cartoon character, like Fry's dad from Futurama. It's embarrassing. You're a grown adult.

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:11:40 PM
#30:


Jen0125 posted...
Are only renters mad about the housing market and rent prices? I own my home and I'm pissed about it. Like the "OK renter" remark is so dumb lol

I guess congrats on being so far in debt and so tied to a single property. Good to hear you're breaking the cycle for the next generation of your family at least.

Weren't you going to move to South Korea or some nonsense? Did you give up on that dream in favor of a pool or something?

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:18:20 PM
#31:


mario2000 posted...
You sound like a cartoon character, like Fry's dad from Futurama. It's embarrassing. You're a grown adult.

Yes indeed. I am a grown, landowning adult. In fact, it is my primary source of income.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
Jen0125
10/11/23 6:26:32 PM
#32:


MightBeOverSoon posted...
I guess congrats on being so far in debt and so tied to a single property. Good to hear you're breaking the cycle for the next generation of your family at least.

Weren't you going to move to South Korea or some nonsense? Did you give up on that dream in favor of a pool or something?

So people should be homeowners but they shouldn't actually because debt? What is your stance even? That corporations should own everything?
... Copied to Clipboard!
mario2000
10/11/23 6:26:48 PM
#33:


MightBeOverSoon posted...
Yes indeed. I am a grown, landowning adult. In fact, it is my primary source of income.

As a fellow landowning adult, I implore you to stop watching Fox News and join the current millennium. No one is scared of the "commies" anymore.

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
adjl
10/11/23 6:28:24 PM
#34:


Jen0125 posted...
Are only renters mad about the housing market and rent prices? I own my home and I'm pissed about it. Like the "OK renter" remark is so dumb lol

Don't you know? You're only allowed to have a problem with something if it personally affects you. Never mind recognizing the harm being done on a larger scale, your success is all that matters.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:32:35 PM
#35:


mario2000 posted...
As a fellow landowning adult, I implore you to stop watching Fox News and join the current millennium. No one is scared of the "commies" anymore.

I dont watch the news. Politically obsessed people are cringe

and that sounds like a bunch of commie gobbledygook to me

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
mario2000
10/11/23 6:34:12 PM
#36:


User Info: MightBeOverSoon
  1. Rookie User
  2. User Since: Mar 2023
  3. Karma: 24
  4. Active Posts: 30
  5. Total Badges: 6


oh geez how did i miss this LMAO

gg you had me going for a bit

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:35:32 PM
#37:


mario2000 posted...
User Info: MightBeOverSoon
1. Rookie User
2. User Since: Mar 2023
3. Karma: 24
4. Active Posts: 30
5. Total Badges: 6

oh geez how did i miss this LMAO

gg you had me going for a bit

I get modded and banned a lot. Rub it in why don't ya.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
mario2000
10/11/23 6:36:01 PM
#38:


MightBeOverSoon posted...
I get modded and banned a lot.

what a shocker

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
MightBeOverSoon
10/11/23 6:39:29 PM
#39:


mario2000 posted...
what a shocker

It only hurts if you place any value on the opinions of the jannies on this, or any other site, which I don't.

They do it for free, and that's just not a respectable use of anyone's time.

---
I'm a girl. I have to put this in my sig because some people still think its cool to play gender police https://i.ibb.co/fpcdz3v/image.png
... Copied to Clipboard!
Lokarin
10/11/23 9:37:41 PM
#40:


https://www.theguardian.com/lifeandstyle/2021/dec/10/investing-in-lego-more-lucrative-than-gold-study-suggests

---
"Salt cures Everything!"
My YouTube: https://www.youtube.com/user/Nirakolov/videos
... Copied to Clipboard!
adjl
10/11/23 10:48:59 PM
#41:


Lokarin posted...
https://www.theguardian.com/lifeandstyle/2021/dec/10/investing-in-lego-more-lucrative-than-gold-study-suggests

I have zero difficulty believing that. As soon as any popular set goes out of production, the price increases substantially, especially if you've got it complete in box. Trying to figure out which sets to invest in can be a bit of a challenge, but pretty much anything big and complex is probably a pretty good bet.

Out of curiosity, I just looked up this set, which was like $80 when I got it two years ago:
https://www.lego.com/en-ca/product/dinosaur-fossils-21320

Two years later:
https://www.amazon.ca/LEGO-Dinosaur-Fossils-Building-Pieces/dp/B083GK6WXJ

100% return in two years is quite respectable, though not the easiest to scale up due to the fact that it tended to sell out quickly when it was in production.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Bloodychess
10/11/23 11:15:24 PM
#42:


The price of everything goes up. The percentages hurt more because your commodity already started in the thousands.

Also, coastal housing market is fucked.

---
"Alright, von Karma. I'll prove it. And I'll even use evidence... I know how you like it so much."
... Copied to Clipboard!
fishy071
10/12/23 12:36:57 AM
#43:


Because they don't want people to live.

---
"You don't need a reason to help people." -Zidane Tribal of Final Fantasy IX
... Copied to Clipboard!
Ozmose
10/12/23 1:52:03 AM
#44:


mario2000 posted...
As a fellow landowning adult, I implore you to stop watching Fox News and join the current millennium. No one is scared of the "commies" anymore.
If no one is scared of the commies, I guess we can tell Ukraine it's all good.
Nothing to worry about. We can get back those billions of dollars we sent them.

---
Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde
... Copied to Clipboard!
Yellow
10/12/23 3:36:36 AM
#45:


Ozmose posted...
If no one is scared of the commies, I guess we can tell Ukraine it's all good.
Nothing to worry about. We can get back those billions of dollars we sent them.
Russia is not communist and they don't even pretend to be, they're just a fascist oligarchy. They hold elections where the opponents all seem to die. They call themselves a democracy.

China has "postponed" communism.

And the funniest part is if you ask a tankie leftist they will lick the boots of these countries, like they reached across the ocean to find some propaganda to consume.
... Copied to Clipboard!
adjl
10/12/23 10:44:11 AM
#46:


Ozmose posted...
If no one is scared of the commies, I guess we can tell Ukraine it's all good.
Nothing to worry about. We can get back those billions of dollars we sent them.

If your understanding of geopolitics hasn't been updated since 1991, you might want to refrain from commenting on geopolitical matters.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
mario2000
10/12/23 10:48:28 AM
#47:


Ozmose posted...
If no one is scared of the commies, I guess we can tell Ukraine it's all good.
Nothing to worry about. We can get back those billions of dollars we sent them.

Might wanna send this one back to the cook and give it another shot, slugger.

---
Arrrr the SS Goku, Mighty fine boat... -fatmatt
Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash
... Copied to Clipboard!
Shrek
10/12/23 10:50:08 AM
#48:


adjl posted...
I have zero difficulty believing that. As soon as any popular set goes out of production, the price increases substantially, especially if you've got it complete in box. Trying to figure out which sets to invest in can be a bit of a challenge, but pretty much anything big and complex is probably a pretty good bet.

Out of curiosity, I just looked up this set, which was like $80 when I got it two years ago:
https://www.lego.com/en-ca/product/dinosaur-fossils-21320

Two years later:
https://www.amazon.ca/LEGO-Dinosaur-Fossils-Building-Pieces/dp/B083GK6WXJ

100% return in two years is quite respectable, though not the easiest to scale up due to the fact that it tended to sell out quickly when it was in production.

things are only worth something if you intend to sell it.

otherwise it is worth 0.

---
if i wasn't important then why would you waste all your poison
... Copied to Clipboard!
adjl
10/12/23 10:59:30 AM
#49:


Presumably, if you're buying Lego as an investment, you're doing so with the intent of selling it some day. I won't be selling my dinosaurs, because they're awesome (and also assembled, which cuts down the value quite a bit), but I can still recognize that if I'd bought 3-4 extras I could make an easy $300 profit now.

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Ozmose
10/12/23 11:44:21 AM
#50:


adjl posted...
If your understanding of geopolitics hasn't been updated since 1991, you might want to refrain from commenting on geopolitical matters.
If you think Russia and China aren't communist countries, you should try living there. The whole postmodern "but it's not REAL communism" thing is getting old.

---
Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde
... Copied to Clipboard!
Topic List
Page List: 1, 2