Re:House Prices Drop Again in San Francisco and Silicon Valley
by rconti on Friday August 16, 2019 @05:39PM
(#20719979)
I know nothing about Chicago, but I DO know that Houston is frequently cited as an example of doing it exactly wrong.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by gamblor956 on Friday August 16, 2019 @09:17PM
(#20721276)
Better to regulate than to let developers build in a designed flood zone, as Houston did.
They're stilling tallying the damages from the recent flooding there and it's in the billions.
Also, Chicago is one of the bluest cities in the country. It's even bluer than Los Angeles or San Diego, both of which have sizable conservative populations.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by jschwartzi on Saturday August 17, 2019 @09:38AM
(#20723964)
That's one of the first things I check when I'm renting. I don't live in flood zones, even if they're levee'd.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by pascalxus on Friday August 16, 2019 @11:39PM
(#20721852)
if you loose your 150K house in Houston, maybe you have a bit of a financial setback. If you loose your house in SF, you'll face financial bankrupcy because your losses are so much higher. Earthquaker insurance will cost you a huge amount.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by asveikau on Friday August 16, 2019 @05:29PM
(#20719902)
I don't know much about Houston, but it's worth noting that Houston has 14x the land area.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by inferiorhuman on Friday August 16, 2019 @10:00PM
(#20721469)
And no zoning laws whatsoever — which is great until some chemical plant next to a retirement home blows up and people die (or are seriously injured).
Re:House Prices Drop Again in San Francisco and Silicon Valley
by mpr6 on Friday August 16, 2019 @06:10PM
(#20720198)
Chicago and Houston are not desirable places to live when compared to every other city mentioned in this thread.
Re:House Prices Drop Again in San Francisco and Silicon Valley
by zarkov99 on Friday August 16, 2019 @08:41PM
(#20721087)
What's wrong with Chicago?
Re:House Prices Drop Again in San Francisco and Silicon Valley
by jurassic on Friday August 16, 2019 @11:47PM
(#20721883)
The state of Illinois is not financially sound. The state's bond rating, a measure of its credit worthiness, is hovering at the border of junk-bond territory. Pension liabilities and ineffective government are persistent dark clouds. You likely don't want to be the last taxpayer standing when the wheels come off that train.
Take a look at a city that knows what they're doing with housing, like Chicago or Houston (population 2 million and over, and Houston growing x4.5 faster than SF!). Houston added 364K people in the last 8 years. How many did SF do, a pathetic 80K in a city that has sooo many tech companies and soo much money. SF and other blue cities have a lot to learn about how to grow, and how to create the type of policies that allow them to do so (some of the population is hellbent against that).
Know how much housing costs in a city twice as large as SF, growing x4.5 times faster, Houston is 143$/sq foot and puts the entire West coast and every other blue state/city to shame.