U.S. house prices are rising exponentially faster than income

Re:U.S. house prices are rising exponentially faster than in... by seanmcdirmid on Saturday October 30, 2021 @12:47PM (#29050168)

Denser cities seem to be even more expensive than less dense cities (eg New York, Shanghai, Singapore, Tokyo, Hong Kong, Melbourne, etc…). So my guess is that denser cities already provide higher quality of life that people are bidding up.

Eventually the government can only intervene with middle class public housing (eg in Singapore and a lesser extent Hong Kong).

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Re:U.S. house prices are rising exponentially faster than in... by lotsofpulp on Saturday October 30, 2021 @01:29PM (#29050583)

It is more nuanced than simple denser cities are more expensive than less dense. Some parts and some dwellings of denser cities are more expensive, but it also depends on other available options for the population.

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Re:U.S. house prices are rising exponentially faster than in... by seanmcdirmid on Saturday October 30, 2021 @04:01PM (#29051871)

Ya, the slums of Manila and Mexico City are pretty affordable compared to the formal housing market. But I’m not sure that we s a good thing. Most developed countries also don’t allow for such places (anymore?).

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