this post was submitted on 01 Dec 2024
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Chapotraphouse

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[–] LaGG_3@hexbear.net 48 points 2 years ago (2 children)

Homeowners who oppose new and denser housing in their neighborhoods are a major reason so many American communities are short on homes. Those who oppose building are disproportionately older homeowners. While boomers didn't create many of these not-in-my-backyard laws that restrict housing construction, in many cases, they've protected such regulations, dominating the attendance at community board meetings and fighting housing projects.

Wow, the problem was old rich assholes the whole time surprised-pika

Many older homeowners — particularly the growing number who still have mortgages — are struggling with rising insurance premiums. Nationally, home-insurance premiums rose by an average of 21% from May 2022 to May 2023, Policygenius, an insurance marketplace, found. Insurance companies are increasingly dropping customers and pulling out of entire regions, particularly those hardest hit by climate-related disasters.

The Harvard report noted that places retirees had flocked to in recent decades like South Florida and Arizona also face some of the most severe climate-related impacts, including regular flooding, fires, and extreme heat.

The planet is dying, but on the plus side, The Villages might get wiped off the map

[–] GrouchyGrouse@hexbear.net 14 points 2 years ago

Like a fucked up Yankee Atlantis, a mythic "civilization of the forebears" lost beneath the waves

[–] wtypstanaccount04@hexbear.net 6 points 2 years ago

inshallah Cape Coral is destroyed

[–] operacion_ogro@hexbear.net 29 points 2 years ago* (last edited 2 years ago) (1 children)

My parents' house they bought in the 90s has quadrupled or quintupled in value, but unfortunately for them they have so many medical expenses in their old age, that even selling the house won't cover their living expenses as they become more elderly and need more and more care. It's a significant source of stress for my family, and I imagine it will only become a more common story as boomers continue to age

[–] RaisedFistJoker@hexbear.net 8 points 2 years ago

real crumbling society hours

[–] CyborgMarx@hexbear.net 27 points 2 years ago

That's the irony of rising house prices, your house may have doubled but so did the price of every other house

When you cash in and sell where are you gonna live, when the price of other homes are the same or higher than yours

Even if you settle for sub-strandard cheaper homes those are expensive too and unless you made close to a million or more on the sale your wealth is still gonna take a huge hit, to say nothing of buying homes people actaully WANT to live in, in which case you'll lose most of that liquid wealth you spent decades sitting on

Of course they could always try their hand in the house flipping racket, but that's kinda of a young man's game now, considering all the distracting hospital visits these embrassed millionaires will be making in the coming years

It's almost like capitalism is starting to suck even for the people who "bought into" it

[–] Carcharodonna@hexbear.net 27 points 2 years ago (1 children)

The smart ones would take their money and leave the US

[–] LaGG_3@hexbear.net 23 points 2 years ago (2 children)

I think they usually end up being land leaches in poorer countries, but I might be wrong

[–] Jew@hexbear.net 22 points 2 years ago (1 children)

I see the "We moved to this central American country. It was very affordable but the locals hated us for no reason. So now were back in Ohio" articles all the time. The people always move to save money but end up being gentrifiers.

[–] LaGG_3@hexbear.net 14 points 2 years ago

Yeah, I feel like my phone knows I love to hate read those lol

[–] Hexamerous@hexbear.net 6 points 2 years ago

Or leeching the healthcare system of some poor Asian country they probably bombed way back. Just chefs-kiss jet-settler entitlement.

[–] coeliacmccarthy@hexbear.net 22 points 2 years ago
[–] AmericaDelendaEst@hexbear.net 18 points 2 years ago (1 children)

the house we just bought went from like 80k in 2016 to 200k now isn't that neat

[–] LaGG_3@hexbear.net 2 points 2 years ago

More or less the same here - anything that's a lil bit bigger and not a wreck is like 350+ so I guess I'll die here in this little shack no-i-in-pezza

[–] Sodium_nitride@lemmygrad.ml 17 points 2 years ago

American reaction summarised in 1 picture

[–] LaGG_3@hexbear.net 12 points 2 years ago
[–] CantaloupeAss@hexbear.net 4 points 2 years ago

did-someone get addicted to housing prices?