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Originally posted by DEV0 E30 View PostSounds eerily similar to our market here in the valley (Phoenix and surrounding areas) but unfortunately we top the lists in every regard that is not good (inflation, home prices, people moving here, etc) It's actually kinda depressing.
Here, prices here have doubled/tripled over the course of COVID, what was $280k 10 years ago is now $700+, and if it's had serious work put into it, it could be over $1m. Housing supply here is really lacking.
Tons of large apartments/condos going up, basically one or two per block, but we're still a few tens of thousands of homes short (~2-8% of my city's population) in the meantime.
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Originally posted by varg View Post
If I had to guess; they can't..
Crazy how so many people live like that... and by that I mean, having enough money to live comfortably, or well within your means, yet they choose financial hell.
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Originally posted by MrBurgundy View PostI literally don't know how people afford to live out here, who have bought in the last 2 years.
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Originally posted by varg View Post
I want one so badly, I'm not even old yet and I already am starting to hate being on the ground under the car for any long period of time. Unfortunately the FL housing market has gone completely insane. My wife and I, who could have afforded what we wanted pre-covid if we wanted to blow almost all of our savings on a down payment, now have enough saved to not do that (if houses still cost what they did in 2020) but can no longer afford what we want. As a matter of fact, we would barely be able to afford the bare minimum, which for reference is not much; a 3/2 with 2 car garage and no HOA and a lot too small for building a tall garage, as opposed to a 4/3 with 2+ car garage, no HOA and land that I can build a garage tall enough for a lift and some machines on. We have some time to wait and see if the bottom falls out of this unreasonable market, but I'm not overly hopeful considering the rate at which people are flooding into our state. On that note, no HOA is a non-negotiable for me. I border on hate for these power-tripping busybody jackoffs, and I am not paying $250+/mo to be bossed around and get mediocre lawn maintenance and a community pool I'll almost never use at our next place. No, they haven't bothered me about my cars, but they have been making enemies with selective rule enforcement lately.
Southern California is absolutely insane right now. I literally don't know how people afford to live out here, who have bought in the last 2 years.
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