Anonymous
Post 11/16/2023 14:31     Subject: Remote work destroyed communities
Anonymous wrote:
Anonymous wrote:Prices are high as people are willing to pay. They were high before remote work.


Investment Funds came into Solomons MD and started buying up properties in summer 2020 onwards. Prices have doubled. New York investment bankers making big bucks. but it screws the average US worker.

time to limit or eliminate mortgage interest deduction. there should be no incentive for investment funds or corporations to buy up single family homes for investments.


I don't know about Solomons MD but in Northern Neck VA (Colonial Beach and further south) it's a mix. One big corporation (Dodson), individuals owning 2-3 STRs, some people with 6-7 STRs, etc. Then regular people just paying more to upgrade their primary home or buying their first and only 2nd home.
Anonymous
Post 11/16/2023 14:28     Subject: Remote work destroyed communities
OP you are conflating remote work with historically low interest rates, the rise of short term rentals and investment properties. Without a doubt, what you are seeing isn't from remote workers.
Anonymous
Post 11/16/2023 14:27     Subject: Remote work destroyed communities
Anonymous wrote:Prices are high as people are willing to pay. They were high before remote work.


Investment Funds came into Solomons MD and started buying up properties in summer 2020 onwards. Prices have doubled. New York investment bankers making big bucks. but it screws the average US worker.

time to limit or eliminate mortgage interest deduction. there should be no incentive for investment funds or corporations to buy up single family homes for investments.
Anonymous
Post 11/16/2023 14:24     Subject: Remote work destroyed communities
Prices are high as people are willing to pay. They were high before remote work.
Anonymous
Post 11/16/2023 14:24     Subject: Remote work destroyed communities
Shall we ban people from Nashville and other lower cost of living cities from moving to Washington D.C. and driving up the cost of real estate and everything else here? Because that has happened for decades and you never said boo about it.
Anonymous
Post 11/16/2023 14:15     Subject: Remote work destroyed communities
Why not just get a remote NY-based job, OP?
Anonymous
Post 11/16/2023 14:05     Subject: Re:Remote work destroyed communities
Restrictive zoning doesn't prevent the building of affordable homes.

In what universe? In this one it absolutely does.
Anonymous
Post 11/16/2023 14:03     Subject: Remote work destroyed communities
Anonymous wrote:
Anonymous wrote:Sure....it's remote work. It couldn't be artificial inflation of property values due to interest rates, low supplies because builders didn't build for 20 years, nor the restrictive zoning laws everywhere that make it impossible to build affordable homes.
In what universe?
HOAs should be banned from existence for starters.


Restrictive zoning doesn't prevent the building of affordable homes.
Anonymous
Post 11/16/2023 13:59     Subject: Remote work destroyed communities
As crazy as it sounds people in Milton and Georgetown DE are upset NJ/LI people are driving up the prices
Anonymous
Post 11/16/2023 13:19     Subject: Remote work destroyed communities
Anonymous wrote:
Anonymous wrote:What percentage of Nashville residents do you think work remotely on California or NYC pay scales? Nashville is just the current popular 'affordable' city that is no longer affordable. Austin just went through the same thing.


Exactly! Every couple of years a couple of cities becomes the new 'affordable' trendy cities to go to and people flood there and price a lot of people out. This was well before remote work rose to prominence. When I was a teen people were running to Atlanta. I remember a few years back it was Charlotte that was the "in" city. During the pandemic people were moving to Phoenix. Even Boise was trending at some point. People are always going to be moving to places where they feel their money can go further and where they can get access to more resources. It's literally the story of humanity.


I agree it's this and also I hope it doesn't happen to the city I am eyeing to move to in a few years for lower COL. It can be discovered, but only once I move there!
Anonymous
Post 11/16/2023 13:14     Subject: Re:Remote work destroyed communities
Anonymous wrote:Missing one major reason, world over population. People having too d@mn many kids. We should to what China did- one child policy and also deport illegals.


And its the central, major cause of environmental issues we are not allowed to bring up.
Anonymous
Post 11/16/2023 13:06     Subject: Remote work destroyed communities
Anonymous wrote:
Anonymous wrote:Sure....it's remote work. It couldn't be artificial inflation of property values due to interest rates, low supplies because builders didn't build for 20 years, nor the restrictive zoning laws everywhere that make it impossible to build affordable homes.

HOAs should be banned from existence for starters.


Restrictive zoning doesn't prevent the building of affordable homes.

Not prima facie. But it's a clear derivative.
Anonymous
Post 11/16/2023 12:29     Subject: Re:Remote work destroyed communities
Anonymous wrote:Missing one major reason, world over population. People having too d@mn many kids. We should to what China did- one child policy and also deport illegals.


Germany started paying college educated employee Germans to have kids and discouraging uneducated illegal foreigners from entering country.

I say make it easy US born college educated employee parents to have kids.
Anonymous
Post 11/16/2023 12:11     Subject: Remote work destroyed communities
Anonymous wrote:What percentage of Nashville residents do you think work remotely on California or NYC pay scales? Nashville is just the current popular 'affordable' city that is no longer affordable. Austin just went through the same thing.


Exactly! Every couple of years a couple of cities becomes the new 'affordable' trendy cities to go to and people flood there and price a lot of people out. This was well before remote work rose to prominence. When I was a teen people were running to Atlanta. I remember a few years back it was Charlotte that was the "in" city. During the pandemic people were moving to Phoenix. Even Boise was trending at some point. People are always going to be moving to places where they feel their money can go further and where they can get access to more resources. It's literally the story of humanity.
Anonymous
Post 11/16/2023 11:57     Subject: Re:Remote work destroyed communities
Missing one major reason, world over population. People having too d@mn many kids. We should to what China did- one child policy and also deport illegals.