Extreme dishonesty from the liberal media regarding incomes... (Page 3/3) rinselberg FEB 13, 06:18 AM Wow. I didn't know what was going on while I was saying what I just said. Well done. olejoedad FEB 13, 07:56 AM As I have suggested to you......expand your sources of information! 82-T/A [At Work] FEB 13, 09:25 AM quote Originally posted by olejoedad: As I have suggested to you......expand your sources of information! Me? Or Rinselberg? olejoedad FEB 13, 09:35 AM I have said it to rinse many times, but it really applies to all of us. MidEngineManiac FEB 13, 09:55 AM quote Originally posted by 82-T/A [At Work]: The price of housing is based on supply and demand, and only increases when economies are doing well. Which they are. There's no way to have a decrease in housing prices and an upbeat economy at the same time unless there is a purposeful intent to decentralize business. The cost of housing in these markets has absolutely nothing to do with the President of the United States, and everything to do with the local city Governments. Not a one of them wants to be responsible for reducing home values. All of those cities mentioned are liberally-run cities. If you have a problem with those cities... talk to those local Governments. Donald Trump cannot force Seattle to build new homes. Also... the rising costs of those homes, means the current owners (including those in poor areas) can now sell these homes at increased prices. I definitely do not see a problem with this. . That is not necessarily true. I just left a major city where market manipulation is a huge problem. Middle Eastern oil money is buying up everything they can, leaving a lot of them empty or under "long term renovation or development " then jacking the prices on the rest to insane levels. It's a country-wide problem here, so much so that laws have been and are being passed restricting foreign investment. Out west it is Asian money doing the same thing. When it comes to housing and real estate, we are pretty much under a hostile foreign take over. 82-T/A [At Work] FEB 13, 11:21 AM quote Originally posted by MidEngineManiac: That is not necessarily true. I just left a major city where market manipulation is a huge problem. Middle Eastern oil money is buying up everything they can, leaving a lot of them empty or under "long term renovation or development " then jacking the prices on the rest to insane levels. It's a country-wide problem here, so much so that laws have been and are being passed restricting foreign investment. Out west it is Asian money doing the same thing. When it comes to housing and real estate, we are pretty much under a hostile foreign take over. MEM, it's absolutely true by majority, but that doesn't mean there are additional reasons for the cost increases. There isn't a hostile foreign take-over, but in fact a significant number of wealthy that have fled other countries and moved (and brought their wealth) to the United States. There's speculation... where people buy condos and hang on to them, leaving them vacant. This is common in South Florida and a few other cities. But most of these homes and condos that are being purchased with cash, are being lived in. Never the less, this is the responsibility of the city to ensure that housing is properly managed so that people who provide services can afford to live in the city as well. A friend of mine, a Millennial, told me a couple of years ago, how horrible the housing crisis was. He then went on to say, "My wife's grandmother has a house by the beach. I'll never be able to afford a house by the beach in my lifetime, it's not fair how things have turned out." I had a hard time looking at him with a straight face, but he was serious. I'm sorry my friend cannot afford a house by the beach. But there is only so much land. There are millions of acres out in New Mexico that you can buy for pennies. One day, that too will be worth millions. Regardless, NONE of this has to do with the Trump economy. This has everything to do with wealthy Democrat elites in the individual liberal cities not wanting to reduce their property values. There are hundreds of large cities with affordable housing and excellent jobs. If you want to live in San Francisco... you're going to have to pay for it. I'm sorry, that's life. If you (proverbially you) want to live in Battery Park in NYC... well **** ... it's going to cost you. maryjane FEB 13, 12:34 PM quote "My wife's grandmother has a house by the beach. I'll never be able to afford a house by the beach in my lifetime, it's not fair how things have turned out." I had a hard time looking at him with a straight face, but he was serious. I'm sorry my friend cannot afford a house by the beach. But there is only so much land. I saw the same'complaint' posted here at PFF by a NorthEast USA member here a few years ago. I tried to explain to him, that his grandparents likely as not did not buy their big nice home when they were young, but scrimped and saved for it for several decades. Wasn't good enough for him...he wanted it 'now' "while he was young enough to enjoy it". Prices for property are indeed going up. The 17.4 acres I bought in 2010 for under $40K and sold in 2015 for $120K is now on the market again. Asking price is $350K. I don't think he'll get it due to the flood history, but you never know. I saw every inch of that place under 4- 8 ft of water in 2017, including the built-on-slab at ground level house. https://www.har.com/homedet...and-tx-77328/5907905