California’s housing crisis: how a bureaucrat pushed to build

Re:California’s housing crisis: how a bureaucrat pushed to b... by mateo411 on Friday February 14, 2020 @01:41PM (#22329001)

> When you bought a house back in 2008 for $300k and now its worth $2M

Do you have any examples of this? The Bay Area housing market has had a nice run, but it hasn't grow 666% percent in the last 12 years.

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Re:California’s housing crisis: how a bureaucrat pushed to b... by nostrademons on Friday February 14, 2020 @02:41PM (#22329597)

It's exaggerated in timescale and returns but not by a huge amount.

Condos I saw for $400K in 2010 are going for about a million. Homes that were about $1.1M in 2010 are about $2.4M. The sibling comment describes homes bought for $500K in 2000 that are now $2M; this is not out of line with what I'm heard from some founder friends I have that are pushing 50. IIRC my wife's parents bought their home for $130K or so back in 1986 and it's now worth $3M.

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Re:California’s housing crisis: how a bureaucrat pushed to b... by wbronitsky on Friday February 14, 2020 @01:45PM (#22329041)

FWIW, Personal anecdote:

My parents bought a house on the Peninsula in the SF Bay Area for $500k in 2000 and it is now worth at least $2m.

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Re:California’s housing crisis: how a bureaucrat pushed to b... by mateo411 on Friday February 14, 2020 @08:14PM (#22332266)

True, but that's 400% over a longer time period.

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