View Single Post
      05-24-2020, 10:39 AM   #29
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
5150
Rep
4,105
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

Quote:
Originally Posted by ASAP View Post
Why does that remotely matter? you have a choice to buy a smaller home... in the 2nd article; read bulleted point 3...

You do not typically have a large choice in terms of location... and wage growth has not kept up w housing costs. That is all that matters.

Location and lack of wage growth.
I think you missed the point of that second article. It is saying the opposite of what you are saying, including the following:

So on an inflation-adjusted basis, Americans are actually paying only slightly more today for a new house on a per square-foot basis ($120) than in 1973 ($114.42), for homes that are of higher quality and more energy-efficient with more features like air conditioning, fireplaces and multiple garages. Overall, the increasing amount of living space (especially when adjusted for declining household size), the improvements in housing quality, the increased number of features, and relative affordability of new houses today means that living standards continue to gradually, but consistently, improve year after year for millions of Americans.

Miami is affected by a lot of foreign buyers and that is unlikely to change. I moved 75 miles north back in 2002 because I chose not to pay the price to live in Miami and didnít want to live in Miami. Even back then $300K in a place like Pinecrest was a tear down. If someone doesnít like the economics where they live, they can move and find another job or source of income.
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82