intensely_human comments on The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement

[–] intensely_human@lemm.ee 2 points 2 years ago* (3 children)

I’m sure there are many factors, but constructive (edit: constrictive) zoning plus rising population (ie rising demand) is itself sufficient to explain not only rising prices, but even accelerating price increases (since the demand curve isn’t linear).

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[–] BearOfaTime@lemm.ee 2 points 2 years ago (2 children)

That's only one element, and it's not everywhere.

In my city, it's the opposite. They're pushing for more home construction and less commercial.

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[+] wintermute_oregon@lemm.ee [S] -2 points 2 years ago* (last edited 2 years ago) (1 child)

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[–] jimbolauski@lemm.ee 2 points 2 years ago

The other problem areas have with rapidly growing the population is all the infrastructure that has to grow with it. My area has added three schools in the last 5 years and are near capacity, tripled water and sewer capacity (some future proofing), are constantly widening roads. They've started slow rolling rezoning so they can catch up which has caused home prices to jump 10% more compared to the surrounding areas.

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