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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 27-Dec-2019 16:59:06 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   Another reason homeownership is sliding for those who don't already own real estate: the price is rising at many times the inflation rate. One guy I worked with in #Sacramento told me he lives in a major city near the agency's regional office, and that renting apartments (not buying / becoming an owner, renting!) in that relatively high crime area costs around $4,000 per month. In my former #Los_Angeles County area in #SoCal, the homes I lived in when I was growing up (less than 1,200 square feet, with a tiny yard, built in the 1950s) are all showing a value of $500K or more on RedFin.
   
   That's price growth of 10X or more within my lifetime.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 27-Dec-2019 17:14:00 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     in reply to
     There was a comment yesterday that "people are stupid" was part of why the real estate market and economy imploded in 2007, but the bankers' ads saying "prices may never be this low again" legitimately pushed people to accept whatever terms banks offered in order to buy a home NOW, before prices and interest rates rose and they were permanently excluded from home ownership.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Saturday, 28-Dec-2019 04:48:36 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     in reply to
     https://bikeshed.party/objects/e123c4c9-1198-4b93-8511-9a75a603ee03
     
     Confirmation.