Re:Stripe to donate $1M to California Yimby
by closeparen on Thursday May 03, 2018 @10:59PM
(#16991903)
One can "just" get a job with good health insurance, whereas homeownership in productive cities has surpassed wage territory (even for professionals) and now requires intergenerational wealth. Helathcare is highly unequal; housing (in job-rich regions) is uniformly impossible for those of us born too late.
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Re:Stripe to donate $1M to California Yimby
by Alex3917 on Thursday May 03, 2018 @11:29PM
(#16992003)
> homeownership in productive cities has surpassed wage territory (even for professionals) and now requires intergenerational wealth.
In NYC, saving up for the down payment on an apartment with a 30-year lease basically requires being able to hold a reasonably high-paying job for 3 years. Real estate is definitely way overpriced, but it's not exactly insane either.
NYC has a much better functioning real estate market than SF/Bay Area from what I can tell. With the exception of the remaining rent controlled apartments, there is not an unwillingness to build high density housing. There is a much better match between housing prices and the supply/demand curve.