Anybody else extremely depressed over real estate?

[Anonymous]

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Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

[Anonymous]

It's almost like demand causes prices to be higher in certain areas compared to other areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

Second tier cities like Denver, Miami, Portland, etc., outside the premier five or six metro areas like LA, SF, NY, Boston, etc. DC compares excellently against the premier metros though, for which DC is very affordable.

https://cdn.nar.realtor/sites/default/files/documents/metro-home-prices-q4-2023-ranked-median-single-family-2024-02-08.pdf

I don't care how they rank specific and somewhat arbitrary sub-components like DC proper or Brooklyn, this is about metro areas, but even then DC has a high income for its cost of living.

That Newark and Miami-Fort Lauderdale-West Palm Beach is more expensive than DC on your list makes me suspect and that it's a case of rigging municipal boundaries to distort the picture.

But even your list accepts that DC is more expensive than the vast majority of cities and municipalities in this country. Just about every city more expensive than DC is still a California/NYC/Boston area municipality or a fancy resort town. Which means most Americans live in cheaper markets than DC. So you are not "fortunate."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

[Anonymous]

Anonymous wrote:It's almost like demand causes prices to be higher in certain areas compared to other areas.

It would help if we stopped allowing corporations, non citizens, and foreign countries to buy our land and housing. Also limit the number of homes anyone can own for just investment purposes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

My friends who live in Europe think house prices in our large NE city are still cheap!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

My friends who live in Europe think house prices in our large NE city are still cheap!

Where in Europe?

[Anonymous]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless"
-Thomas Jefferson

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

My friends who live in Europe think house prices in our large NE city are still cheap!

Where in Europe?

Several countries including Netherlands which is not a big foreign money attractor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

My friends who live in Europe think house prices in our large NE city are still cheap!

Where in Europe?

Several countries including Netherlands which is not a big foreign money attractor.

Housing in desirable areas of Amsterdam are expensive. But there's also much more affordable housing elsewhere in the Netherlands.

On the whole, European housing is more expensive but it's not always more expensive. Depends on what you're looking for and where. And depending on the country the mortgages are also different and people are able to take out bigger mortgages on smaller incomes.

Americans do get more money for housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

Second tier cities like Denver, Miami, Portland, etc., outside the premier five or six metro areas like LA, SF, NY, Boston, etc. DC compares excellently against the premier metros though, for which DC is very affordable.

https://cdn.nar.realtor/sites/default/files/documents/metro-home-prices-q4-2023-ranked-median-single-family-2024-02-08.pdf

I don't care how they rank specific and somewhat arbitrary sub-components like DC proper or Brooklyn, this is about metro areas, but even then DC has a high income for its cost of living.

That Newark and Miami-Fort Lauderdale-West Palm Beach is more expensive than DC on your list makes me suspect and that it's a case of rigging municipal boundaries to distort the picture.

But even your list accepts that DC is more expensive than the vast majority of cities and municipalities in this country. Just about every city more expensive than DC is still a California/NYC/Boston area municipality or a fancy resort town. Which means most Americans live in cheaper markets than DC. So you are not "fortunate."

do they also live a few miles from the president?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

Second tier cities like Denver, Miami, Portland, etc., outside the premier five or six metro areas like LA, SF, NY, Boston, etc. DC compares excellently against the premier metros though, for which DC is very affordable.

https://cdn.nar.realtor/sites/default/files/documents/metro-home-prices-q4-2023-ranked-median-single-family-2024-02-08.pdf

I don't care how they rank specific and somewhat arbitrary sub-components like DC proper or Brooklyn, this is about metro areas, but even then DC has a high income for its cost of living.

That Newark and Miami-Fort Lauderdale-West Palm Beach is more expensive than DC on your list makes me suspect and that it's a case of rigging municipal boundaries to distort the picture.

But even your list accepts that DC is more expensive than the vast majority of cities and municipalities in this country. Just about every city more expensive than DC is still a California/NYC/Boston area municipality or a fancy resort town. Which means most Americans live in cheaper markets than DC. So you are not "fortunate."

70 million+ people in the US live in metros with comparable or high housing costs than DC. DC isn't so special. And it compares very favorably with its peers for affordability... with very high incomes.

[Anonymous]

January 2024 homes just hit a new high. Meaning anytime from birth to Dec 2023 you could have bought at a lower price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes. The prices of homes in this area are unrealistic. It's not like we have silicon Valley wages.

Home prices in this area are still reasonable. And they are not even close to the Bay Area. Median household income in DC area is 117, compared to 128 in SF metro.

Compare regional home price increase to inflation over the last three years. Then get back to me at how out of line things are.

+1
we just bought a large older townhome in a walkable safe area, with great schools and close to metro for less than 1mil. we overstretched but the value is such that it is going to go up. it's not that expensive. we are nowhere close to bay area prices.

LOL. No, home prices in this area are ridiculous and homes in this area are generally garbage. But please, pretend the entire rest of the country outside DC and the Bay area doesn’t exist.

DC sucks, sorry.

Except DC home prices are comparable to many similarly second tier large metro areas that have far lower income levels. We're lucky here.

What other second tier large metro areas? Mildly curious.

According to this, DC is in the top 10 most expensive cities in the US. #10 to be exact, but the list also includes Brooklyn separate from Manhattan and all of Orange County along with LA, SF and San Jose. Only Boston and Seattle (no surprise!) are the real other non-California mainland US cities more expensive than DC. Which makes sense.

https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us

Cities that are cheaper than DC: just about all cities in the US outside Boston, Seattle and the California cities.

that sounds about right. this it the capital of the US.

People can afford to buy homes in the capital of the richest country in the history of the world and they're complaining that they want prices to resemble Omaha.

+1

If “can afford” means “house poor”, then ok.

Are those of you defending this realtors? Because incomes have NOT gone up anywhere close to the cost of housing.

Yes or they bought their house in 1995 and insist it’s the same market.

My friends who live in Europe think house prices in our large NE city are still cheap!

Where in Europe?

Several countries including Netherlands which is not a big foreign money attractor.

Housing in desirable areas of Amsterdam are expensive. But there's also much more affordable housing elsewhere in the Netherlands.

On the whole, European housing is more expensive but it's not always more expensive. Depends on what you're looking for and where. And depending on the country the mortgages are also different and people are able to take out bigger mortgages on smaller incomes.

Americans do get more money for housing.

Average house in Netherlands is 460k euros, average HHI is 30k euros. The US is dirt cheap by comparison.