News for hackers. Stuff that matters.
Re:A global house-price slump is coming by MisterBastahrd on Friday October 21, 2022 @11:39AM (#33289173)
Home ownership is fading in appeal due to price, not because of social changes. Most people do not want to live in a concrete cave stacked side by side and underneath other concrete caves. They want space to go outside and enjoy themselves and do what they want to do. People change jobs more frequently but they usually stay in the same metropolitan area and if a job is worth enough to get them to move, the job usually comes with relocation benefits.
Re:A global house-price slump is coming by batch12 on Friday October 21, 2022 @12:31PM (#33289893)
That's true, but not universally. There are places where one doesn't have to live in a concrete cube. Instead one can buy a home and have a space to go outside.
Re:A global house-price slump is coming by dml2135 on Friday October 21, 2022 @12:27PM (#33289833)
You seem to be equating "home ownership" with single-family detached homes, but that is not what the term means -- you can own an apartment flat as well, it's called a condo.
Re:A global house-price slump is coming by MisterBastahrd on Friday October 21, 2022 @12:32PM (#33289917)
Maybe, but few people truly want to live in a condo. They're what you settle for unless you're old enough that you can't maintain a yard or regularly partake in outdoor activities anymore.
Re:A global house-price slump is coming by pixl97 on Friday October 21, 2022 @01:14PM (#33290517)
Being that in the SFH neighborhood I live in there are a ton of homes that are serviced by lawn care companies, I don't think lawn maintenance is a determining factor.
Re:A global house-price slump is coming by MisterBastahrd on Friday October 21, 2022 @02:16PM (#33291248)
It's about utilization of the space. If I want to smoke a brisket, I'm not getting far on an apartment balcony, and a pool party isn't the same when you just invite people to the shared one in the complex.
Re:A global house-price slump is coming by chipotle_coyote on Friday October 21, 2022 @02:51PM (#33291689)
While I don't doubt the majority of homeowners prefer single-family homes, I've known a fair number of condo owners (and renters) over the years, and none of them were "settling" because they were too old for yard work. Some made that choice for financial reasons -- condos often cost less than roughly comparable SFHs even when you figure HOA fees in -- but many made that choice because they prefer urban or oceanside living. My former roommate of many years now lives in a loft condo in a dense urban area, and it is more or less his dream house. Currently I live in a SFH on over an acre of land in rural Florida, and while there are some lovely things about it, I would trade it for a condo in certain cities in a heartbeat. Not everyone places a high priority on being able to smoke a brisket in the back yard.

Yes, this is all anecdotal, but I can't help suspect that you're doing a bit of "this is how I feel, so surely it's the way everyone else feels". :)

Re:A global house-price slump is coming by rdtwo on Friday October 21, 2022 @12:46PM (#33290141)
City living in the USA kind of lost its luster with the fentanyl boom and subsequent failures of liberal cities to govern