Quote:
Originally Posted by powderjunkie
Or...maybe people commit over ONE MILLION DOLLARS to buy something they actually do want?
Some people prioritize spending less time in and money on their cars. Prices are high because demand is high, but certain living costs are substantially lower, so one can rationalize bigger mortgage payments into an asset instead of money blowing out the tailpipe. Others prioritize the tranquility of lawnmowers and leaf blowers out in the burbs which also gives them the extra space to store their boat or RV because who wants to spend the weekend in suburbia listening to leaf blowers and lawn mowers...to each their own.
The 'whatever is available' argument worked a lot better when we predominantly built sprawl with some condos/townhouses here and there.
|
Ya, like I said, you need to first understand the problem statement. It really does not appear that you do.
1) Demand is high because there isn't enough housing to go around. This is not an opinion, this is a fact that is so prevalent that it was a key issue in the last federal election. This is why the blanket rezoning happened and why there have been so many initiatives to build more housing across the country.
2) Cost of living is getting uncontrollably high. Insurance is high, electricity is high, gas is high, food is high, cars are high... there is no aspect to the cost of living that is "substantially lower". This was also a primary issue in the election and things have only gotten worse with the global tariffs.
3) Salaries are not keeping up with costs. In fact, in a number of places salaries appear to be shrinking instead of growing and unemployment is very high. Look at the multiple unions threatening to strike because of this fact.
Your stance is to ignore the problem and the dismiss the facts because... you are not seeing it in your personal life? Maybe you should go do some reading about the "housing crisis" - yes, search that exact term.
It is the "housing crisis", not the "housing preference".