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    1. Distinct_Report_2050 on

      In other news, objects exposed to water become wet. More on that story at 11.

    2. Pro-tip: it was hard before the dot com bubble. Try living in the Bay area and trying to buy a house as a new graduate and looking at how long it would take you to get a down payment together.

    3. Swollen_Beef on

      Buying a home IN a metro area has always been expensive. What’s with the odd mindset that the only houses worth living in are those in the city 2 min away from work and homes that are 30min or more away are to be ignored and never considered.

    4. Uhh yeah. Boston area avg is close to 800K now. Thus, we are moving next month as we bought a house in a lower COL area because we are priced out of everything here

    5. gordonjames62 on

      By definition, urban areas and cities are places people want to live.

      This suggests that home prices will be higher because of demand.

      This is why people moved to the suburbs (close, but outside cities) in the last 50 years. People called this process „suburban sprawl“.

      Now people are wanting to find affordable housing in areas where the definition of supply vs. demand means there is no more supply (not making more land) but the demand grows higher as more people want to live where services and activities are.

      This is like wanting a home in NYC or London or Tokyo or Paris as your starter home.

      These are places defined by rich people wanting to live there.

    6. AltonIllinois on

      We’re moving back in my wife’s parents to help save for a house. Our rent is currently $2300 in the Chicago area, in the burbs. It’s ridiculous.

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