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The unrealistic rise in housing began in the late 70s and early 80s in CA. . . speculators saw the Gold Coast as the pot of gold at the end of the rainbow. They started buying up property and quickly selling for a profit, that practice grew and grew until residents also jumped on board. Eventually one could buy and sell within a few days and reap a landfall.
Eventually the mortgage rates were so high that many could no longer afford them and tried to quickly sell, but it was too late by then and buyers didn't bite, and the speculators had already moved on.
At one point homeowners were walking into loan companies, dropping their house keys on the counter and just walking out without saying a word.
Many just wanted out of CA but they found that the wait list to rent a moving truck was 6 weeks or longer.
I lived there during that fiasco and saw it firsthand.
And now 40 years later you have it so completely out of whack that it will never return to the sanity it used to be.
It just irks the heck out of right wingers that California has the No. 1 economy in the USA and is No. 1 in manufacturing,
and is Deep Blue at the same time. It just gets under their skin, LOL.
It just irks the heck out of right wingers that California has the No. 1 economy in the USA and is No. 1 in manufacturing,
and is Deep Blue at the same time. It just gets under their skin, LOL.
Well there's deep something piled high on the sidewalk. Maybe if the governor didn't promise illegals all sorts of free stuff, they'd have more money to provide more toilet facilities for their homeless.
Multiple families sharing an apartment is how most people settled in the US.
My husband’s parents legally immigrated to the US as a part of the Displaced Persons thing in Europe post WW2
They rented a room in an apartment, like most immigrants do. The single bath and kitchen was shared by all the families. Some split rooms to pack in even more people.
They saved until they were able to buy their own 3 flat. They lived in the basement with dirt floors while renting rooms in the 3 above grade units to immigrants.
Immigrants from all over the world have never had money and been doing this for hundreds of years. Only thing that has changed is that immigrant skin color tends to be a tad darker than European immigrants. And for some, this obviously matters.
Rooming houses persist in more rural areas. Barns and stables are often used to house unauthorized workers in agriculture areas.
Local zoning laws were eventually enacted in most places. This tended to create opportunities for payoffs more so than eliminating the practice of shared housing.
WRONG. WRONG. WRONG.
Legality matters. Follow the law like your people did and there will be no issues. This is not a skin color issue. It seems like you should know better.
It just irks the heck out of right wingers that California has the No. 1 economy in the USA and is No. 1 in manufacturing,
and is Deep Blue at the same time. It just gets under their skin, LOL.
Dumpster fires tend to attract attention if they become large enough.
I can't believe you two are having this discussion without mentioning the liberal/socialist/communist structure of laws that have fostered high housing costs in those metro areas.
$289K for 448 sq ft. Really?? $645 per sq ft
Heck - you have to stuff five households into one just to make the cost comparable to most of the country.
That communist liberal socialist structure is called THE FREE MARKET!
I know that 289k buys a lot more in Texas, but most of Texas ain’t that desirable to live in.
Quote:
Originally Posted by Rachel976
You're defending 12 families to a house, and ignoring the fact that the area is overrun with illegals? Believe me, I see it in a neighboring county. The illegals invade a neighborhood, and because none of the adults even has a high school diploma, they need to bunch up with all their kids. The results are pretty bad.
I’m defending nothing.
Again, FREE MARKET! Rents and property values are subject to it, in case you’ve never taken an economics class.
Quote:
Originally Posted by Mathguy
Pay is higher there and they can pack into a house and send more money home.
I'd have to challenge the assumption that living 6 people to a room in the armpit of LA County is highly desirable.
What other conclusion can you draw?
They’re free to leave, but they don’t.
And yeah, pay is higher there, but it ain’t THAT high. $2500 bucks a month for rent is expensive for ALL working class people regardless of salary. There’s not much money left after that bill is paid. But again, they stay in California regardless of the fact that they can leave.
So the only conclusion I can draw is that living in California is highly desirable.
Or fewer people coming into California. Like limiting immigration, both legal and illegal, for instance...
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