Except…Luxembourg, EU's richest country, grapples with housing crisis
Etc…etc…
If you dont build enough houses, or places people want to actually live. You’re eventually going to run out of houses and people are going to have to live together more…
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Seems like the problem is solving itself. People are leaving which will reduce demand and prices. No need to live with grandma.
I mean Multigen Housing is great. I’m almost either living with my in law or my parents are any given time.
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I always wondered who the NIMBY, get off my lawn, yelling at clouds crowd was…
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A lot of multi gen out here in coastal SoCal because of prices…very difficult for the younger gen to afford living near where they grew up…
Loud and proud. And I’ll keep fighting the efforts of people who want to destroy beautiful neighborhoods with section 8 apartments.
One day if you own a home you’ll understand and join us. 
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Why doesn’t the ultra progressive Hollywood set open up BelAir, Brentwood and Beverly Hills to dense, multi-family housing? You know to help the “working man” they claim to support?
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Where I live it makes fiscal sense to rent a home rather than buy (which I am doing)…not a lot of inventory because people just staying in their homes…plus a lot of people grandfathered into lower property tax rates, have adult kids living with them, etc. It takes household income of 350K just to get a mortgage for average home. Old money or inheritance becoming the only way to get in this market.
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I own a condo outright
I partially own a second condo (the bank owns the rest)
I partially own a 5 family property (the bank owns the rest)
Not all MFH is section 8.
You must be a boomer
b00mEr lol. What can’t they be blamed for?
No sorry to disappoint not a boomer. Just someone who likes living in nice areas and wants to keep my property value high. This b00mEr stuff is hilarious, it’s the ultimate boogeyman for all life’s problems. Even though most b00mErs are now retired and have no influence on anyone’s life anymore. You were saying something about windmills? 
Is all MFH section 8? No is a large percentage of it? Absolutely. Do renters care about their neighborhood? Absolutely not. Look at any crime map and you’ll see an almost perfect correlation between high crime and high % of rentals. There’s a reason for NIMBY.
If you want to live in a crime infested MFH neighborhood, all the power to you. Just don’t turn my area into that as well. That’s all I’m asking.
Quick search shows many studies showing home ownership reduces crime. Here’s one from Louisana.
“ FROM 2013 TO 2017, A ONE PERCENTAGE POINT INCREASE IN HOMEOWNERSHIP RATES IN BATON ROUGE CENSUS BLOCK GROUP RESULTED IN A STATISTICALLY SIGNIFICANT DECREASE IN COMBINED ASSAULT, HOMICIDE, AND ROBBERY INCIDENTS OF OVER 4.5%”
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Dual income $100k each can easily afford a home. Even in California. It won’t be a 4/2 with a quarter acre. But you can get a small 2/1 in a decent area.
Just don’t have kids and you’ll never need more.
Condo or townhome maybe but not a SFH near coast. Inland sure.
Personally could (would have to since no job, lol!) write a check but for now I like easily living off the interest alone on the money I’d pay for a home here. I don’t know how the vast majority of young people will ever be able to afford to stay.
Someone is buying, otherwise prices would plummet. Saying nobody can afford the high prices is like that joke about a bar being so crowded nobody goes there anymore.
And before anyone says BlackRock, that’s another boogeyman like b00mErs. BR owns something like 100k homes nationwide. Out of hundreds of millions of homes. It’s a drop in the ocean and has no real influence on prices.
Oh sure but like I said very low volume sales since not much on market here…it’s not a normal market here in paradise tho…seriously have to pay to play and people will! I do see homes sitting a little longer tho and a tick up in inventory.
Zillow map search in SoCal, Costa Mesa to Burbank, I see 2200 SFH for sale under $1M.
Seems like a good amount of options . I realize this includes a lot of shitty areas. But I see options in Pasadena and other (what I believe to be) decent areas as well,
Coastal. 10 min to beach or less is another world.
Sure. But where it written everyone should live 10 mins from the coast on day 1? Entry level is far out. Then as income grows move up to the coast. That’s how it’s always been.
Housing is afffordable for the average person if they set realistic expectations. Can the average person own a home 1/2 a block to the beach? No. But that doesn’t mean housing is unaffordable. It would be like saying the average person can’t afford a 911 therefore cars are unaffordable. Buy the Camry instead.
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I hear ya. I’m more speaking about my immediate circumstance where our cul de sac of 7 homes has 5 of them where post college kids are still living under the roof. And they/parents don’t want to be an hour away. Beggars can’t be choosers tho! Haha
200k income pre tax becomes 100 post.
What that family can afford is a joke.
And commuting 2-3 hours for work isn’t doable for most people just to save a little.
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Bruh, where do you live? Tax burden isn’t that bad anywhere in the US.
But this is a stretch. $140k/year take home without counting healthcare and retirement, for 2 people making $100k each. Yeah, it’s $11.7k per month together which will certainly get you something with margin, but you’re scraping by. $7k/month mortgage is far from safe at that income.
I don’t personally think a 2/1 SFH is worth buying anywhere short of beachfront. That’s the North Park San Diego special and they’re currently $1M+ and you have to park on the street.
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