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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our household income is 10 times what my father’s was when I was a teenager.  Living here, what we can afford would buy is the same kind of condo he rented at the time.  So despite the enormous income increase, my housing hasn’t improved in 40 years. You bet I’m bitter. Housing prices are insane and if I have to live in a crappy little place, all I’m asking is that it also not cost half my take home pay. But you have to spend a fortune AND live is a fixer upper here. That stings.[/quote]

LOL. So move. Move to the Midwest. Move to Mexico. Move to anywhere where you can afford it. The reality is that population has increased, demand has increased, and COL has increased. You think that time stops for you? GTFO. Perhaps we could transport you back to 1960 and you'd be happier, yes?

F--ing adjust. All you whiners on here expect the WORLD but refuse to make any adjustments to lifestyle or expectations. If you're not lucky enough to be a trust fund kid, you're going to have to set more realistic expectations. Oh, and unplug from social media. You ladies will be much happier.[/quote]

If you understood it was far more complicated than “the population increasing”, you’d be pissed too.  The wealth gap, wages, unlimited RE investments,  and foreign money in real estate are all screwing everyone who isn’t rich.  [b]If you’re not bitter, you’re either rich, a real estate agent, or not paying attention.[/b] [/quote]

Nope. Just not an entitled a-hole who thinks that I deserve more.[/quote]

DP here, but foreign and corporate investors is a big problem here. We need to ban foreign investors from owning rental properties and limit rental properties (excluding apartments) owned by corporate investors, but no politicians are even discussing this. We keep picking at each other with manufactured distractions while the politicians screw us over for their own gain.[/quote]

How much do you think "foreign and corporate investors" own in this area, as a percentage of SFH? How much do you think their ownership drives up prices?

The wealth gap is growing, but that has less to do with RE investors, and more to do with (a) the fact that women work in higher percentages at higher paying jobs than 40 years ago, (b) changes to government policies (taxes, mortgage funding, other things) starting in the 80s that have made people who started investing and buying real estate in the 80s very rich, and (c) corporate consolidation that has driven wealth up the chain. If you have been successful in the private sector for decades, you are probably doing very well, and have the money to buy a really nice house in this area, even with a job that is not Big Law partner or investment professional. If you are a successful investor or worked for decades in Big Law, you have tons of money. Likewise, younger lawyers, investment professionals, doctors, etc. have two large incomes becomes both parents work. That is a doubling of income. Hell, even two fed lawyers are making 350k as a family, with no real pressure or high achievement needed. A lot of people have a huge amount of money in this area, and there is a limited supply of nice SFH. It is foolish to blame it all on some foreigners coming in and buying houses. It is a much deeper societal change.

If you are not rolling in dough, it is best to either move to somewhere less expensive or adjust your expectations. Maybe you have one stay at home parent in the family. That's great! You have great child care for your kids and probably a more relaxed household (or at least you should). If you work a low paying job that you love, great! If you don't have a high stress, high hours job and can have time for hobbies and friends, great! [/quote]

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