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621
Maga_Chaos_Monkey
2025 Dec 9, 9:24pm
Maga_Chaos_Monkey
2025 Dec 9, 9:24pm
GNL says
I'm a former condo owner in West Maui where it's common knowledge.
It's a very politically active area with well advertised counsel meetings where this type of thing gets discussed and you pay attention if you've got a real estate type business there.
It's actually worse but it's the past as far as I'm concerned so no rants.
Maga_Chaos_Monkey says
It is illegal now to fix your seawall in Maui. All of West Maui will be going into the ocean over the next 10-30 years. The government's plan is to grow marijuana in what's left of the land to, "replace tourist's dollars".
Where did you read this?
I'm a former condo owner in West Maui where it's common knowledge.
It's a very politically active area with well advertised counsel meetings where this type of thing gets discussed and you pay attention if you've got a real estate type business there.
It's actually worse but it's the past as far as I'm concerned so no rants.
622
Maga_Chaos_Monkey
2025 Dec 9, 9:36pm
Maga_Chaos_Monkey
2025 Dec 9, 9:36pm
stereotomy says
Interesting!
Maui is actually sinking but it is because of the weight of the big island "Hawaii" apparently pushing down the crust of surrounding islands.
Man that's a bitch of a story growing up too!
Mine is more like @Al_Sharpton_For_President but unlike him my parents didn't yank the car (jeep) and I had the note I eventually paid off.
I frequently went from low pay biotech job to juggling credit cards to pay rent after losing said job.
Actually that sort of cycle is how I found patnet.
I think he too had a stint(s) in biotech if I recall. It's very low wages in the lab. Eventually I got out of that (office) and had some stonx pop at a few of the 12 or so I worked at so far. So he and I arrived at the same place financially.
I know what he means about it never going away though but you've got me beat by miles.
I'd say, if you are obsessed with coastal properties, it's better buy on the Atlantic rather than the Pacific coast, because the earth is making more Alantc coast and reducing Pacific coast.
Plate tectonics is a bitch. All of the Pacific along the coasts are subduction zones. In the middle of the Pacific, where magma gets squeezed by the subduction on both sides, you get the various volcanic Pacific Islands. This is why the various islands in the middle are not sinking into the sea because of global warming. the entire Pacific plate is rising in the middle as it is forced along its edges into the Earth's mantle.
Conversely, on the Atlantic coast, new oceanic crust is being created, stabilizing, if not lowering sea levels along the edges of that ocean.
The emphasis here is on the edges or coastlines versus islands in the middle.
Interesting!
Maui is actually sinking but it is because of the weight of the big island "Hawaii" apparently pushing down the crust of surrounding islands.
Man that's a bitch of a story growing up too!
Mine is more like @Al_Sharpton_For_President but unlike him my parents didn't yank the car (jeep) and I had the note I eventually paid off.
I frequently went from low pay biotech job to juggling credit cards to pay rent after losing said job.
Actually that sort of cycle is how I found patnet.
I think he too had a stint(s) in biotech if I recall. It's very low wages in the lab. Eventually I got out of that (office) and had some stonx pop at a few of the 12 or so I worked at so far. So he and I arrived at the same place financially.
I know what he means about it never going away though but you've got me beat by miles.
623
Maga_Chaos_Monkey
2025 Dec 9, 9:49pm
Maga_Chaos_Monkey
2025 Dec 9, 9:49pm
HeadSet says
This thread is epic lol.
When i travel (air) I load up a bunch of patnet tabs then read them in airplane mode. By the end of this SF trip I'll be all caught up on this thread.
In Boston a few weeks ago I caught up with the other one, Bubble II or some title.
Last summer flying to Chicago then Des Moines I found an old ApocalypseFuck thread but he used a different name. Kept laughing my arse off on the plane. Took hours to get through it all.
The darker theme when I'm not logged in goes a long way to not blind the people sitting next to me anymore too!
This thread is epic lol.
When i travel (air) I load up a bunch of patnet tabs then read them in airplane mode. By the end of this SF trip I'll be all caught up on this thread.
In Boston a few weeks ago I caught up with the other one, Bubble II or some title.
Last summer flying to Chicago then Des Moines I found an old ApocalypseFuck thread but he used a different name. Kept laughing my arse off on the plane. Took hours to get through it all.
The darker theme when I'm not logged in goes a long way to not blind the people sitting next to me anymore too!
624
AD
2025 Dec 11, 12:31am
AD
2025 Dec 11, 12:31am
The local regional bank allowed up to 5 times income back in summer 2016 for a VA 30-year mortgage with a rate of 3%.
https://www.visualcapitalist.com/why-u-s-homes-feel-pricier-house-prices-vs-income-1985-2025/#google_vignette
https://www.visualcapitalist.com/why-u-s-homes-feel-pricier-house-prices-vs-income-1985-2025/#google_vignette
625
AD
2025 Dec 11, 9:20am
AD
2025 Dec 11, 9:20am
The Zero Hedge article “US Economy: Housing Has Several Years of Misery Ahead” argues that America’s housing market faces a prolonged period of weakness due to a severe supply shortage, affordability collapse, and structural imbalances that will take years to resolve.
📊 Key Points from the Article
• Severe Housing Shortage: The U.S. is short by 4.5–4.7 million homes, a gap that has widened since the Great Recession and worsened after the pandemic.
• Affordability Crisis: Home prices have risen over 50% in the past five years, far outpacing income growth. Housing affordability is now at its lowest levels since the early 1980s.
• Inflationary Pressure: The shortage keeps upward pressure on rents and home prices, contributing to persistent consumer price inflation (CPI).
• No Quick Fix: Economists expect a “reset” in 2026, not a rebound, with prices likely staying flat rather than falling significantly.
• Structural Barriers: Restrictive zoning laws, slow construction, and high mortgage rates prevent the market from correcting quickly.
⚖️ Broader Implications
• Economic Drag: Housing scarcity reduces workforce mobility, limits household formation, and constrains economic growth.
• Regional Strain: Areas with strong job growth (like Florida’s Gulf Coast) feel the pinch hardest, as demand collides with limited supply.
• Policy Challenges: Without major reforms in zoning, permitting, and construction incentives, the housing crisis is expected to persist for years.
📊 Key Points from the Article
• Severe Housing Shortage: The U.S. is short by 4.5–4.7 million homes, a gap that has widened since the Great Recession and worsened after the pandemic.
• Affordability Crisis: Home prices have risen over 50% in the past five years, far outpacing income growth. Housing affordability is now at its lowest levels since the early 1980s.
• Inflationary Pressure: The shortage keeps upward pressure on rents and home prices, contributing to persistent consumer price inflation (CPI).
• No Quick Fix: Economists expect a “reset” in 2026, not a rebound, with prices likely staying flat rather than falling significantly.
• Structural Barriers: Restrictive zoning laws, slow construction, and high mortgage rates prevent the market from correcting quickly.
⚖️ Broader Implications
• Economic Drag: Housing scarcity reduces workforce mobility, limits household formation, and constrains economic growth.
• Regional Strain: Areas with strong job growth (like Florida’s Gulf Coast) feel the pinch hardest, as demand collides with limited supply.
• Policy Challenges: Without major reforms in zoning, permitting, and construction incentives, the housing crisis is expected to persist for years.
626
AD
2025 Dec 11, 10:45am
AD
2025 Dec 11, 10:45am
AD says
Housing construction is getting more and more expensive due to building code and other regulations, especially in states like California. Let alone the cost to purchase the land. That is why lower mortgage interest rates mask this.
• Policy Challenges: Without major reforms in zoning, permitting, and construction incentives, the housing crisis is expected to persist for years.
Housing construction is getting more and more expensive due to building code and other regulations, especially in states like California. Let alone the cost to purchase the land. That is why lower mortgage interest rates mask this.
627
MolotovCocktail
2025 Dec 11, 2:50pm
MolotovCocktail
2025 Dec 11, 2:50pm
AD says
Another untapped supply is simply cracking down on crime. There are bad neighborhoods everywhere that nobody wants to live in. So that restricts supply. If only cities cracked down Rudy Giuliani style and made a serious difference, entire new supply would open up. That is what happened on NYC, East Palo Alto and other crime hell holes in the 90s.
A rehabbing boom would also ensue. Mega gentrification.
Housing construction is getting more and more expensive due to building code and other regulations, especially in states like California. Let alone the cost to purchase the land. That is why lower mortgage interest rates mask this.
Another untapped supply is simply cracking down on crime. There are bad neighborhoods everywhere that nobody wants to live in. So that restricts supply. If only cities cracked down Rudy Giuliani style and made a serious difference, entire new supply would open up. That is what happened on NYC, East Palo Alto and other crime hell holes in the 90s.
A rehabbing boom would also ensue. Mega gentrification.
628
Glock-n-Load
2025 Dec 11, 8:11pm
MolotovCocktail says
Where do those displaced people go?
AD says
Housing construction is getting more and more expensive due to building code and other regulations, especially in states like California. Let alone the cost to purchase the land. That is why lower mortgage interest rates mask this.
Another untapped supply is simply cracking down on crime. There are bad neighborhoods everywhere that nobody wants to live in. So that restricts supply. If only cities cracked down Rudy Giuliani style and made a serious difference, entire new supply would open up. That is what happened on NYC, East Palo Alto and other crime hell holes in the 90s.
A rehabbing boom would also ensue. Mega gentrification.
Where do those displaced people go?
« First « Previous Comments 621 - 629 of 629 Search these comments
So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.
The United States population reached 200 million on November 20, 1967. If there was no net migration, then the U.S. population have stabilized to about 220 million. Instead, the population is 335 million. This is why housing is so expensive. This is why rent is so damn high. This is why the younger generations cannot afford to have children. This is why the only way to keep the population from falling is to import massive numbers of unskilled, uneducated, and often criminal immigrants. Both parties are responsible for this: democrats for importing voters and republicans for importing farm laborers. Both parties want cheap labor.
When you import massive numbers of low-iq, low-skill workers, your per capital GDP declines relative to where it would have been otherwise. Yes, technological advancements mask this because technology increases GDP faster than low-skill immigration decreases it, but most of those gains don't get seen by the middle class.
Since both parties, and their corporate overlords, are benefiting from the current system, immigration will continue and housing prices will also continue to rise. I suppose I shouldn't care since I own and have a 2.25% mortgage that is being eaten away by inflation, but anyone young enough that they having bought already is fucked.