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A comment on $100k/year still might not be enough to buy a home. Parent comment

Re:$100k/year still might not be enough to buy a home by em3rgent0rdr on Tuesday October 15, 2019 @03:00PM (#21262335)
Not in all desirable players. Only ones that limit construction. Meanwhile in desirable places which allow more construction, like Tokyo, housing prices have stabilized [1].

[1] https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-af...

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Re:$100k/year still might not be enough to buy a home by throw0101a on Tuesday October 15, 2019 @03:40PM (#21262783)
> Not in all desirable players. Only ones that limit construction.

Toronto has more construction (120) cranes than anyone else in North America (Seattle & LA second at 50), and prices are still crazy even with a building boom.

* https://www.on-sitemag.com/heavy-equipment/toronto-remains-u...

* https://canada.constructconnect.com/dcn/news/economic/2019/0...

And that 120 is just in the city proper, the suburbs have more towers as well:

* https://www.livabl.com/2019/07/246-cranes-toronto-suburban-c...

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Re:$100k/year still might not be enough to buy a home by mixmastamyk on Tuesday October 15, 2019 @03:55PM (#21262950)
Cranes suggest there is demand, not that it has yet been met.
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Re:$100k/year still might not be enough to buy a home by brutus1213 on Tuesday October 15, 2019 @06:32PM (#21264710)
Three points. 1) The condos being built in Toronto are "luxury" apartments .. apart from space (perhaps to justify the lack thereof), many trimmings are opulent (granite counters seem standard now). 2) Toronto does restrict houses (not condos) because of the greenbelt put in place about a decade ago. 3) The transit system in Ontario and the highways are quite horrible for people living far away (e.g. above the green built).
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Re:$100k/year still might not be enough to buy a home by throw0101a on Tuesday October 15, 2019 @05:59PM (#21264378)
One can not "limit construction" (per GP) and yet still have high prices.
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