News for hackers. Stuff that matters.

A comment on Low interest rates in advanced countries have pushed money into real estate. Parent comment

Re:Low interest rates in advanced countries have pushed mone... by wallacoloo on Wednesday November 24, 2021 @05:29PM (#29335928)
i just have trouble understanding this angle. i grew up in the suburbs and moved into the city during year 2 of my career. i rent a home with 3 roommates even though i could afford that SFH you’re describing. why does a person desire to live in the city for any reason besides for the density?

“jobs”, “good food”, “nightlife”, “dating” and “social opportunities” are all things i hear. the last two are a direct result of density. the first 3 are only possible as indirect results.

anecdotally, the price per sqft of townhomes exceeds that of detached homes in several Seattle neighborhoods. several confounding factors, including the year of the building, but in general that suggests a preference opposite to what you claim. or at least, that, in the face of constricted supply we can’t really tell where the preferences truly lie.

[ Parent | on HN ]
Re:Low interest rates in advanced countries have pushed mone... by jb_s on Wednesday November 24, 2021 @11:37PM (#29338263)
If we're looking statistically, detached homes are more expensive than apartments pretty much everywhere once you take into account location. And having a family with a toddler myself, trust me, apartments are not the best fit for that situation.

Anecdotally, in Australia, post COVID both rent and real estate in regional areas have gone up dramatically - much more than in cities - rapidly pricing locals out and forcing them to move elsewhere and sometimes find temporary accommodation. Now that WFH is more normalised and either want a quiter lifestyle or straight up can't afford houses in major cities, so they are moving to smaller towns instead.

My own preferences are fairly different but I can't argue with data.

[ Parent | on HN ]
Re:Low interest rates in advanced countries have pushed mone... by siquick on Wednesday November 24, 2021 @11:25PM (#29338220)
You requirements for a good life change as your age changes - what you value during your 20's is not the same as what you value in your 40's, in the same way what you value in your 20's isn't the same as what you valued in your toddler years.
[ Parent | on HN ]