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A comment on U.S. house prices are rising exponentially faster than income. Parent comment

Re:U.S. house prices are rising exponentially faster than in... by maccard on Saturday October 30, 2021 @06:37AM (#29047679)
And you're ignoring that many people _do_ care about city living.

> sure there is a price premium, but $600k seems more reasonable than $1.5M.

So now you've built $600k houses, not $300k houses. And if there are desireable jobs in the area, that pushes the demand for thouse $600k houses up to the amount that is paid in the area.

[ Parent | on HN ]
Re:U.S. house prices are rising exponentially faster than in... by danaris on Saturday October 30, 2021 @09:22AM (#29048555)
And you also need to bear in mind that a 2x increase in house price means much more than a 2x decrease in the number of people who can afford it.
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