News for hackers. Stuff that matters.

A comment on Homes in 97% of U.S. cities are overvalued, Moody's says. Parent comment

Re:Homes in 97% of U.S. cities are overvalued, Moody's says by babyshake on Thursday May 05, 2022 @11:59PM (#31281157)
> there are few if any middle-class families in the bay area that own their homes except by inheritance or some other luck (gift, lottery)

Plenty of middle class people bought nice homes they could afford in the bay area in the 90s. Although I suppose you could consider this "luck".

[ Parent | on HN ]
Re:Homes in 97% of U.S. cities are overvalued, Moody's says by refurb on Friday May 06, 2022 @01:46AM (#31281714)
And plenty of middle class families bought homes in Detroit in the 1950's that nobody wants any more and are either abandoned or torn down long ago.

I suppose you could consider this "bad luck".

[ Parent | on HN ]
Re:Homes in 97% of U.S. cities are overvalued, Moody's says by JumpCrisscross on Friday May 06, 2022 @12:32AM (#31281349)
The Bay Area wasn’t the economic centre it is now, then. It was closer to a boomtown, and even that effect was constrained.
[ Parent | on HN ]
Re:Homes in 97% of U.S. cities are overvalued, Moody's says by selectodude on Friday May 06, 2022 @12:13AM (#31281231)
Or a different definition of “middle class”.
[ Parent | on HN ]