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Real Estate
Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was in Texas recently. Lots of new construction homes being built.[/quote] The irony of red states generally having less restrictive zoning. https://www.newsweek.com/blue-states-housing-market-crisis-1877226 [/quote] [b]Texas is big and flat[/b]. Very easy to build. California has challenging geography - the only empty places left to build are mountainous and/or prone to wild fire risks or very inhospitable. California needs to build upward to compensate, yet nimby’s fight anything that isn’t a SFH or townhouse. The last time we had a “New Deal for Housing” was post WW2 when the GIs came back and had no houses for their wives and kids. They had to live with aging parents. We will need another similarly dire situation in order to bulldoze over NIMBY protests to upzoning[/quote] That’s a cop out for CA and the Northeast. Texas is building more density than any other state. The runners up are in the south and intermountain west. [img]https://pbs.twimg.com/media/GH7rRzNWMAARx7c?format=jpg&name=large[/img][/quote] There are about 20 million people that live in the Dallas-FW, Austin, Houston, and San Antonio metropolitan areas (not include all of the “small towns” in between and around each of those metro areas like Waco, Abilene, College Station or Tyler. That area covers 150,000 square miles even though the distances between these cities is under 3 hours without traffic and for Texan a daily 60, 70 mile trip is nothing special. That allows for suburban sprawl (and potentially cheap housing) that is basically in the exurbs of an other major metropolitan area all without leaving the state. I’m not sure there is anything like that any where else in the US. The New York, Newark, Jersey City statistical area has about the same pollution but all condensed into 20,000 square feet. The point is this data isn’t that helpful unless it is further divided by geography.[/quote]
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