• mctoasterson@reddthat.com
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      1 year ago

      I think it depends on the place but one observation is to notice what builders are choosing to build. In my area at least the majority of new construction is either cramped subdivisions with $600K+ homes, luxury apartments, or 55+ maintenance provided housing. All of these categories are not what the general populace is looking for, especially first time buyers or new entrants to the market. But I’m guessing the margins on these properties and rentals are much higher.

      I think developers don’t want to waste their efforts on affordable rentals or starter homes. They have block of land X, so they figure they can get Y% more return by building properties with rents in the top quartile for the area.

      • trailing9@lemmy.ml
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        1 year ago

        Yes. Now offer more land and the right to use prefabricated elements. Then somebody will figure out a way to create housing with low margins.

      • trailing9@lemmy.ml
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        1 year ago

        Affordable housing can be built in new areas connected by public transport. Nimbys cannot have a majority everywhere.

        • asteroidnova@lemmy.ml
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          1 year ago

          They are the ones who vote. They don’t need a majority. They need a majority of voters. They seem to have it. I think we’re learning that we have the country that we want more and more everyday. We don’t want better, we want this.

          • trailing9@lemmy.ml
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            1 year ago

            Or renters could organize and motivate the nonvoters to vote after they have clarified which party is willing to implement the necessary changes.

  • tallwookie@lemm.ee
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    1 year ago

    eh… wait long enough and the real estate bubble will pop - driving down prices.

      • tallwookie@lemm.ee
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        1 year ago

        yep. a few years is all most folks need - those that could afford to own real estate (not just purchasing, but the upkeep of and ability to pay taxes on).

  • mke_geek@lemm.ee
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    1 year ago

    This is an average including the most expensive areas of the county. Homes are still very affordable in areas like the Midwest (under $200k and sometimes under $100k).

    • Catsrules@lemmy.ml
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      1 year ago

      You mean the houses that use to be $75-150K with a 3% interest are now $100-200K at 8% interest? Your so right very affordable what a deal!

      I hope those people living in the Midwest making 40K a year got their income bumped up to 60-70K a year so they could afford the new housing market.

      The issue is housing is going up faster then income.

      • Sinonatrix [comrade/them]@hexbear.net
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        1 year ago

        I hope those people living in the Midwest making 40K a year got their income bumped up to 60-70K a year so they could afford the new housing market.

        That’s the real rub with these studies that use national averages. It’s not affordable for anyone, anywhere - unless you’re blessed with a remote job paying HCOL money and don’t mind moving somewhere where the nearest doctor is an hour away and the local past time is fentanyl and larceny.

    • Lexam@lemmy.ca
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      1 year ago

      No the fuck they are not! I am tired of idiots saying this. I live in the Midwest and I assure you that they are not. We have too many people moving in from the coasts buying sight unseen and causing our prices to sky rocket. And our rents aren’t any better. Kansas City, MO had the highest rent hike in the country. Our cost of living is getting closer to that of the coast but our pay is not.

      • Letstakealook@lemm.ee
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        1 year ago

        My job brought me to Indiana last year from Denver. I thought I might be able to afford a home here. Nope. I’m paying the same in rent for older apartments. The homes face the same pricing issues as the rest of the country. Additionally, as you mentioned, folks are coming in with cash over the asking price. The whole thing is fucked.

    • thejevans@lemmy.ml
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      1 year ago

      They have to be affordable for the local population as well, not just an average income. Incomes in places with lower cost housing are lower, too, so raw numbers aren’t meaningful.

    • keepcarrot [she/her]@hexbear.net
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      1 year ago

      I feel like generally the data shows the situation better if people use median instead of mean.

      But perhaps a measure of “median income in region (incl unemployed/underemployed people)” compared to “median house price in region”. Not much point in moving to cheap town if you can’t find work there, and is that worth uprooting all your communities and social support networks?

      • ryathal@sh.itjust.works
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        1 year ago

        For house prices, it would be better to just exclude the areas that are classified as high cost by Fannie and Freddie.