The Share of Million-Dollar Homes in America Just Hit an All-Time High

cawacko said:
You're talking about the gov't being the catalyst for affordable housing. How in the world could/can the gov't do that? You want to go back to the mid 20th century where they put massive housing buildings in urban areas that became nothing but drug and gang infested projects?

Gov't has a role to play in streamlining approvals and reducing barriers to building affordable housing. The less cost upfront the quicker, and cheaper, housing can be built. But yes, that is market rate developers delivering that housing. The gov't and non-profits can't come close to delivering the needed housing.

But in your defense, you're older and you're a home owner. You have no incentive to want more housing built.
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I'm older and have no real necessity to vote, actually,
but I've never missed one because I have to live with myself.

I'm definitely all in for people having someplace reasonably safe and comfortable to live,
and right now, the free market isn't going to accomplish that left to its own whims.
 
NiftyNiblick said:
I'm older and have no real necessity to vote, actually,
but I've never missed one because I have to live with myself.

I'm definitely all in for people having someplace reasonably safe and comfortable to live,
and right now, the free market isn't going to accomplish that left to its own whims.
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There's a guy on our Board of Supervisors that you would probably like. His name is Dean Preston and he's a Bernie supporting (Democratic) socialist. Even though he lives in a $2.5m single family home, he is basically anti any market rate development and thinks the government should build everything. He's one of the most public faces of NIMBYism in the City.

He's earned the scorn of YIMBYs who are progressives who support more (market rate) housing but he's yet to lose his seat. It's an interesting dynamic to hear politicians like him say they want more affordable housing while being against basically all new development and causing prices to rise. But clearly there are people who support him (and share your belief) as he gets re-elected.
 
Matt Dillon said:
$1.4 million will get you a 2/2 with about 2200 sq ft in CA. On a 75 x 150 city lot.
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www.zillow.com

411 E Holland Ave, Fresno, CA 93704 | Zillow

411 E Holland Ave, Fresno CA, is a Single Family home that contains 2826 sq ft and was built in 1947.It contains 5 bedrooms and 3 bathrooms.This home last sold for $840,000 in June 2022. The Zestimate for this Single Family is $1,293,600, which has decreased by $34,300 in the last 30 days.The...
www.zillow.com www.zillow.com
 
Jarod said:
www.zillow.com

411 E Holland Ave, Fresno, CA 93704 | Zillow

411 E Holland Ave, Fresno CA, is a Single Family home that contains 2826 sq ft and was built in 1947.It contains 5 bedrooms and 3 bathrooms.This home last sold for $840,000 in June 2022. The Zestimate for this Single Family is $1,293,600, which has decreased by $34,300 in the last 30 days.The...
www.zillow.com www.zillow.com
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That's an old house, could come with a lot of problems.
 
NiftyNiblick said:
I'm older and have no real necessity to vote, actually,
but I've never missed one because I have to live with myself.

I'm definitely all in for people having someplace reasonably safe and comfortable to live,
and right now, the free market isn't going to accomplish that left to its own whims.
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Groups with unlimited capital should not be competing with single family homeowners. That never used to be allowed.
 
Matt Dillon said:
That's an old house, could come with a lot of problems.
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Half the price and much newer

www.zillow.com

5279 N Ensanada Ave, Fresno, CA 93723 | Zillow

5279 N Ensanada Ave, Fresno CA, is a Single Family home that contains 3614 sq ft and was built in 2009.It contains 4 bedrooms and 3.5 bathrooms.This home last sold for $372,500 in July 2019. The Zestimate for this Single Family is $642,000, which has decreased by $542 in the last 30 days.The...
www.zillow.com www.zillow.com
 
Jarod said:
Half the price and much newer

www.zillow.com

5279 N Ensanada Ave, Fresno, CA 93723 | Zillow

5279 N Ensanada Ave, Fresno CA, is a Single Family home that contains 3614 sq ft and was built in 2009.It contains 4 bedrooms and 3.5 bathrooms.This home last sold for $372,500 in July 2019. The Zestimate for this Single Family is $642,000, which has decreased by $542 in the last 30 days.The...
www.zillow.com www.zillow.com
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CA has high taxes, a state income tax, high electric prices, high water prices, and that place doesn't look like there's a
water supply near at all.
 
Jarod said:
Haha… I proved you wrong.
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www.zillow.com

44133 Old Stage Rd #26, Posey, CA 93260 | Zillow

44133 Old Stage Rd #26, Posey CA, is a Single Family home that contains 0 sq ft and was built in 1900.It contains 3 bedrooms and 2 bathrooms.This home last sold for $175,000 in September 2024. The Zestimate for this Single Family is $180,700, which has increased by $3,000 in the last 30...
www.zillow.com www.zillow.com

More than 6 acres, water supply! Less than 200 in CA!
 
Jarod said:
www.zillow.com

44133 Old Stage Rd #26, Posey, CA 93260 | Zillow

44133 Old Stage Rd #26, Posey CA, is a Single Family home that contains 0 sq ft and was built in 1900.It contains 3 bedrooms and 2 bathrooms.This home last sold for $175,000 in September 2024. The Zestimate for this Single Family is $180,700, which has increased by $3,000 in the last 30...
www.zillow.com www.zillow.com

More than 6 acres, water supply! Less than 200 in CA!
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Cabin in the middle of nowhere. I like it! Lotta wood upkeep there. Enough to warrant buying your own sawmill and planting pine.
 
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