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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Boston's real estate and rental markets are brutal. This is no "haha blue state" thing, it's just a fact. The issue is with space - like other old Northeastern cities, physical space is limited and inelastic. Add to that the "buying real estate without the intention of living there, but as an investment" thing that every city in the US is dealing with, and old town NIMBY bullshit and blam.

Of course, Drew surfaces this with the sole purpose of trolling, but that doesn't mean housing in Boston is good.



However, my brother lives in the West Palm Beach area in FL and the rental market there is even more ridiculous, so... haha red state?
 
A woman in my hood really pissed me offf last week.

she asked if anyone was going to donate anything to goodwill to let her know so she can take it off their hands- because she and her husband just bought a home in Minneapolis they are turning into a Airbnb and she needs to furnish it.

so, home off market and now turned into a short term rental and you want people to give you stuff to furnish it???

this woman’s home is over 7 figures btw
 
If red states could lower their chronically higher murder rates (https://www.thirdway.org/report/the-two-decade-red-state-murder-problem) and have non-awful education, people might want to move there too and help alleviate the problem.

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It's an known indicator how much a place sucks that everyone is driving up places competing to live there.

I do not know how conservatives actually tie their shoes.
 
A woman in my hood really ****ed me offf last week.

she asked if anyone was going to donate anything to goodwill to let her know so she can take it off their hands- because she and her husband just bought a home in Minneapolis they are turning into a Airbnb and she needs to furnish it.

so, home off market and now turned into a short term rental and you want people to give you stuff to furnish it???

this woman’s home is over 7 figures btw
I was an Assistant Referee on a soccer game and one of the parents behind me was explaining gleefully about how they'd just converted their two bedroom rental unit into an Airbnb. At halftime the referee asked why I looked so upset and was scowling and biting my lip during a boring game.
 
A woman in my hood really ****ed me offf last week.

she asked if anyone was going to donate anything to goodwill to let her know so she can take it off their hands- because she and her husband just bought a home in Minneapolis they are turning into a Airbnb and she needs to furnish it.

so, home off market and now turned into a short term rental and you want people to give you stuff to furnish it???

this woman’s home is over 7 figures btw

My favorite thing along those lines was the family in our neighborhood who needed money to fulfill God's calling that they adopt 2 babies from China, so they were asking anyone and everyone they could to help out to the tune of $40k total. They had just bought a half million dollar home in suburban Iowa (and this was about a dozen or so years ago, just after the great recession, so it's probably an $800,000 home these days), but wanted others to fund their designer adoption.

I don't know if they were that tone deaf or just had major cajones. But either way, don't think anyone outside of their church group ever gave them anything. And no idea if they went through with it or not.
 
But they must be moving there for good jobs, since they obviously command the high salaries to be able to offer & afford rents over asking in Boston. Also, you'd think developers and landlords ought to be constructing new rental units to meet the demand...except that would drive down the record-high rents they're currently making bank on, so why take the risk?

So all in all, this situation just sounds like the sweet, sweet aroma of barely-restrained capitalism doing what it naturally does for our elites - price the unwanted rubes out.

Population is actually declining. A much bigger factor is parents renting apartments for their kids. Right in the story is an example of a parent prepared to pay $4k a month for their kid. Good luck to working people trying to match that.
 

He probably means in the Boston area that he is whining about. Nevermind that ignores things like whether the economy is bringing money into certain areas, pushing up prices there, and whether population is moving within different parts of the Boston metro area, bringing more people and money to certain sections and thus affecting prices in those areas. He heard scary things on the news and has already made his decision.
 
Except they are…something like 8 or 9 of the 10 fastest growing states are red ones.

This has been true for 100 years. Warmer weather.

Unfortunately that growth hasn't been accompanied by the red states improving in quality of life despite that huge advantage, because regressive policies are terrible for human beings.
 
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He probably means in the Boston area that he is whining about. Nevermind that ignores things like whether the economy is bringing money into certain areas, pushing up prices there, and whether population is moving within different parts of the Boston metro area, bringing more people and money to certain sections and thus affecting prices in those areas. He heard scary things on the news and has already made his decision.

Then he'd...still be wrong.
 
This has been true for 100 years. Warmer weather.

Unfortunately that growth hasn't been accompanied by the red states improving in quality of life despite that huge advantage, because regressive policies are terrible for human beings.

The warmer weather of Idaho, South Dakota, Montana (gained a second seat back in US House) and Utah? I know what you’re saying, and I don’t disagree that more people doesn’t necessarily mean better policies, but people are moving to those places nonetheless.
 
The warmer weather of Idaho, South Dakota, Montana (gained a second seat back in US House) and Utah? I know what you’re saying, and I don’t disagree that more people doesn’t necessarily mean better policies, but people are moving to those places nonetheless.

My guess is that it's a combination of warmer climates for some boomers, as they retire, combined with the rapid growth in remote work, and people deciding they'd rather work on their laptop looking out over a lake or mountain range than listening to an L train rumble by in Chicago.
 
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