465
submitted 1 year ago by bossito@lemmy.world to c/world@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] HakFoo@lemmy.sdf.org 3 points 1 year ago

The price of housing is scaling rapidly there too. A house that cost about 120k in 1988 now Zillows around 500-600k, and even the new developments in fringe areas start in the 400s.

I almost wonder if there will end up having to be some catastrophic buy-down programme. Maybe people stop coming to Phoenix. Maybe we'd end up just infrastructure abandonment of areas-- "we can no longer guarantee services because we can't actually have workers fix the electrical wires/sewer/etc when it's 55C" which likely reduces the property value to near zero. Someone is going to have to eat the loss, and none of the obvious targets (a bunch of elderly landowners who vote in every election? Suing the fossil fuel industry who wrecked the place?) are easy political targets, so the most palatable approach might be to buy people out to get their problem off the table; pretend the house still appreciated like it wasn't in a hell-dimension, and take this buyout to move to Montana while we demolish the entire city of Mesa for a giant solar farm.

this post was submitted on 15 Jul 2023
465 points (98.1% liked)

World News

38970 readers
2320 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS