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Old 05-21-2018, 12:09 PM
 
7,568 posts, read 3,719,649 times
Reputation: 4184

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Quote:
Originally Posted by expatCA View Post
And crowding and costs get worse.
Just check the prices in the buildings going up now.
Because theyre new and rare. Later those will get old and prices drop when even newer ones are built and with mire supply, things will even out.
It’s just physics..
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Old 05-21-2018, 05:00 PM
 
4,297 posts, read 1,435,775 times
Reputation: 3563
Quote:
Originally Posted by Chicano3000X View Post
Why not both?
I see you like that dystopian metropolis look.
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Old 05-21-2018, 05:08 PM
 
Location: Pacific 🌉 °N, 🌄°W
11,249 posts, read 5,238,628 times
Reputation: 7243
Quote:
Originally Posted by Chicano3000X View Post
Its this new thing called “supply and demand”.
Nearly 70 Percent Of Residents Can't Afford To Buy A Home In Calif.
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Old 05-21-2018, 06:35 PM
 
Location: So Ca
17,455 posts, read 16,313,538 times
Reputation: 15293
I completely disagree with the author's premise. Where is housing being restricted? Elected officials got the message 30 years ago to "approve new building projects at your peril." Where? The Westside, one of the areas that the author is talking about, is so crowded and has so much traffic that no one even wants to move there. I've lived in L.A. a long time, and I've never seen so much residential building.
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Old 05-21-2018, 07:02 PM
 
18,182 posts, read 11,668,884 times
Reputation: 9174
Quote:
Originally Posted by Chicano3000X View Post
Because theyre new and rare. Later those will get old and prices drop when even newer ones are built and with mire supply, things will even out.
It’s just physics..
Can't build fast enough to keep up with growth and cost of building (That is physics). Prices will not drop at all. Wishful thinking. That is reality.
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Old 05-21-2018, 07:10 PM
 
Location: Pacific 🌉 °N, 🌄°W
11,249 posts, read 5,238,628 times
Reputation: 7243
Quote:
Originally Posted by CA4Now View Post
I completely disagree with the author's premise. Where is housing being restricted? Elected officials got the message 30 years ago to "approve new building projects at your peril." Where? The Westside, one of the areas that the author is talking about, is so crowded and has so much traffic that no one even wants to move there. I've lived in L.A. a long time, and I've never seen so much residential building.
Maybe the California Association of Realtors report will make more sense.


Housing Affordability Index - Traditional
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Old 05-21-2018, 07:21 PM
 
Location: Los Angeles
399 posts, read 172,180 times
Reputation: 633
Caused by too many illegals coming to these sanctuary cities, as well as apartments being turned into Airbnb rentals.
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Old 05-21-2018, 09:17 PM
 
Location: Laguna Niguel, Orange County CA
9,809 posts, read 8,274,685 times
Reputation: 7917
Quote:
Originally Posted by Exitus Acta Probat View Post
I think I am the one who caused the housing crisis by bringing someone's daughter to the slaughter.
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Old 05-21-2018, 10:25 PM
 
Location: West Los Angeles
10,894 posts, read 10,591,012 times
Reputation: 10955
Quote:
Originally Posted by LuvSouthOC View Post
I think I am the one who caused the housing crisis by bringing someone's daughter to the slaughter.
We keep talking about this topic and I sometimes think I'm Caught Somewhere in Time. All this prattle about a housing crisis makes me think I'm living on a Sea of Madness, where I'll ask, "Can I Play with Madness?"

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Old 05-21-2018, 10:42 PM
 
7,568 posts, read 3,719,649 times
Reputation: 4184
Because we artificially limited supply..
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