News for hackers. Stuff that matters.

A comment on Researchers Find ‘Significant Rates’ of Sinking Ground in Houston Suburbs. Parent comment

Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by nilkn on Tuesday October 11, 2022 @07:08PM (#33170448)
The most expensive house listing for Gary right now seems to be for $575k; for Houston, it's $20 million, a difference of 35x. The average sale price in Piney Point Village is apparently just under $3.7 million (https://www.har.com/pineypointvillage/realestate) and the average rent is $8500/month. So on and so forth.

I think you're imagining all Houston real estate as cheap/affordable, when in reality the city has lots of extremely expensive real estate. It just also has affordable housing due to widespread construction of townhomes, apartments, and condos. Something like Gary just isn't comparable.

[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by selectodude on Tuesday October 11, 2022 @07:32PM (#33170661)
Gary is a suburb of Chicago and comparing it to Greater Houston seems a bit absurd. Chicagoland has many units that are listed for $15+ million.
[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by nilkn on Tuesday October 11, 2022 @07:57PM (#33170869)
I think you replied to the wrong person. I did not choose Gary as a comparison; rather, I explained why it was not an appropriate comparison.
[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by Maursault on Tuesday October 11, 2022 @08:40PM (#33171210)
> I think you're imagining all Houston real estate as cheap/affordable, when in reality the city has lots of extremely expensive real estate.

I wonder what sinking into the Gulf of Mexico is going to do for property values.

[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by orangepurple on Tuesday October 11, 2022 @09:25PM (#33171585)
You're thinking of Galveston which everyone abandoned to go to Houston a decade ago
[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by Maursault on Tuesday October 11, 2022 @09:29PM (#33171621)
Was the article about Galveston or Houston?
[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by orangepurple on Tuesday October 11, 2022 @10:00PM (#33171853)
Galveston will sink way before Houston
[ Parent | on HN ]
Re:Researchers Find ‘Significant Rates’ of Sinking Ground in... by seanmcdirmid on Tuesday October 11, 2022 @09:54PM (#33171805)
Parts of Houston sinking is the original topic of this HN post, this debating of Houston's success is just a tangent.
[ Parent | on HN ]