this post was submitted on 30 Apr 2025
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A Boring Dystopia

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'Starter homes' cost at least $1 million in over 200 U.S. cities, Zillow data finds (www.cnbc.com)
submitted 23 hours ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world
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[–] conicalscientist@lemmy.world 11 points 2 hours ago* (last edited 2 hours ago)

This is the inevitable result of infinite growth. You aren't getting a home in world class locations without being at the very top yourself. Sure other people lucked into the right place and the right time. Go buy lottery tickets. Or set down in location that is more affordable. With any luck you'll be a multimillionaire when you're elderly too. And the kids of the year 2060 will hate you for the dastardly plot you schemed up with your friends to ruin everything.

We're all part of the rat race that is fucking us over. Nobody wants to flinch. So we continue to eat each other alive.

[–] UltraGiGaGigantic@lemmy.ml 9 points 3 hours ago* (last edited 1 hour ago)

This recommends 2 to 3 years of annual income to be the price of your house

So... how many of yall are making $300k a year?

How Britain almost solved the housing crisis

[–] RedditIsDeddit@lemmy.world 10 points 5 hours ago

"Why do we have so many homeless?"

[–] jasonwnclife@lemm.ee 124 points 22 hours ago (2 children)

Get off your ass and get 50+ full time jobs you lazy fucks!

[–] NecroParagon@lemm.ee 37 points 20 hours ago* (last edited 20 hours ago) (2 children)

If I keep paying the current $1200 a month to my landlord it'll eventually trickle down to me. No doubt!

Then with that revenue, I'll buy my first house!

In reality, I'm almost 28 and I have no delusions about home ownership. Just like retirement!

[–] NikkiDimes@lemmy.world 2 points 5 hours ago

My only hope of home ownership around here is waiting for my parents to die and inheriting one. That said, I keep telling them to sell all their shit, move somewhere cheaper, and retire for fuck's sake, so we'll see how that pans out.

[–] empireOfLove2@lemmy.dbzer0.com 17 points 18 hours ago (1 children)

Only 1200 a month?

God I wish.

[–] undefined@lemmy.hogru.ch 4 points 17 hours ago (1 children)

That’s the going rate for renting a room in someone’s house in my neck of the woods.

[–] Followupquestion@lemm.ee 4 points 5 hours ago

That’s garage money in my area. As in, $1200 gets you a somewhat converted garage, possibly without permits, and there’s garage door might be from the 70s and falling apart.

[–] Mvlad88@lemmy.world 40 points 22 hours ago (1 children)

And stop earning avocados.

[–] Thedogdrinkscoffee@lemmy.ca 18 points 19 hours ago

Stop eating avocados. Start eating landlords.

Tough to stomach at first, but very good for you and the community.

[–] Bluefalcon@discuss.tchncs.de 73 points 21 hours ago (2 children)

Zillow is a part of the problem. With all the data collected and only a few companies, prices are conveniently increasing at extreme rates. It is not just cities; land and rural areas are increasing at high rates.

[–] refurbishedrefurbisher@lemmy.sdf.org 50 points 17 hours ago (4 children)

The real issue is the commodification of housing. Houses shouldn't make people money; they are supposed to be homes to live in.

[–] shalafi@lemmy.world -4 points 2 hours ago (1 children)

Nothing wrong with houses as individual investments. Why the hell else would you dump that kinda money and pay ALL the upkeep for decades?! You write the interest off your taxes, have something to show for 30 years of payments when you retire.

Also, nothing wrong with a landlord owning a few homes. He likely ain't making shit and is taking huge risks. Yes, it'll pay out someday, hopefully.

The issue is corporate home ownership and, to a lesser extent, B&Bs. Yes, a bank can easily "own" hundreds or thousands of homes. After all, they provide loans and sometimes have to foreclose. But banks renting homes?! Fuck no.

This is easily solvable with legislation, not even "devil is in the details" complexity. We drop the hammer on these corporate landlords, tax the fucking snot out them and run them out of the game. Same goes for entities sitting on real estate, waiting on prices to go up. Tax the hell out of empty homes that have been on the market X days.

The issue is corporate landlords. Rent didn't used to be like this, it was competitive. My first place was a shithole in college, $250/mo. (I'd happily live there again were I a bachelor.) Same place should be $630. Anyone seen rent that low for anything outside renting a single room in a house?

[–] Not_mikey@lemmy.dbzer0.com 1 points 26 minutes ago

Housing as an investment leads to real estate speculation which pushes up prices. It creates a class of people who stand to gain when property values, and downstream of that rent, go up.

This class of people are very wealthy and tend to oppose any action that will decrease there property value. That includes things like building dense affordable housing, especially close to them, as that increases the supply of housing and thus decreases there property value.

This is true especially for land lords, even small "mom and pop" landlords. There goal is to raise rent and the value of there investment. Anything that will lower rent or even stabilize it like rent control they will oppose, no matter their scale.

Tl;dr: housing speculation creates a wealthy class of people opposed to housing affordability.

[–] NatakuNox@lemmy.world 22 points 17 hours ago

This! We have the means to provide housing for everyone but don't because, fuck you thats why.

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[–] hark@lemmy.world 9 points 17 hours ago

Speaking of which, zillow's stupid "zestimate" is worthless. Any assclown can put their house up for way too high a price and the zestimate will automatically jump up to match.

Apparently the value is whatever the seller says it is, even if the home has been on the market for over a year (either continuously or repeatedly taken off and put on, I guess to reset the time on market).

[–] Linktank@lemmy.today 51 points 22 hours ago (3 children)

Guess it's a nonstarter.

[–] UltraGiGaGigantic@lemmy.ml 1 points 1 hour ago* (last edited 1 hour ago) (1 children)

Living in a VAN down by the RIVER!

[–] nomy@lemmy.zip 1 points 58 minutes ago* (last edited 58 minutes ago)

I'll be able to afford a van and have a river view?

Vanlife here I come!

[–] TheTechnician27@lemmy.world 19 points 21 hours ago* (last edited 21 hours ago) (1 children)

A starter home?! This home is a finisher home! A shelterer of gods! The GOLDEN GOD!

I am untethered, and my rage knows no bounds!

[–] TheGoldenGod@lemmy.world 8 points 17 hours ago

You rang?

[–] sp3ctr4l@lemmy.dbzer0.com 20 points 22 hours ago* (last edited 22 hours ago)

* curb your enthusiasm theme plays *

[–] Rooskie91@discuss.online 24 points 21 hours ago* (last edited 21 hours ago) (23 children)

This.....is hard to believe. I've been looking around non-major US cities, and even some major cities, and the starter homes are around 200-500k.

That's still fucked for a starter home but a million?????? That's the average home price in Honolulu and NYC lol.

[–] Ledericas@lemm.ee 10 points 18 hours ago

i was going to say its avg in the west coast blue area. 200-500k is "cheap"

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[–] thatradomguy@lemmy.world 23 points 22 hours ago

depressed Will Smith image

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