General Discussion

haele

(15,609 posts)

5. That happened in the Pacific Northwest in the late 70's....

Mon Oct 16, 2023, 10:04 AM

Oct 2023

We moved from California to Seattle in the late 60's, we could still find family sized rentals and homes for sale at reasonable prices through the mid-70's.
Then, one of the major California newspapers showcased "affordable retirement and investment property" - large farm and ranch plots, old homesteads, depressed areas of Seattle and Tacoma ready to be "gentrified".
Prices rose so quickly and housing costs got so bad within 5 years that locals started taking potshots at cars with California plates.
Lower income workforce - "affordable housing" never recovered.

Haele

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

12 replies

= new reply since forum marked as read

Highlight:

The Californization of the Texas Housing Market (WSJ) [View all] dalton99a Oct 2023 OP

Unaffordable housing is one of the reasons Japan economy went stagnant uponit7771 Oct 2023 #1

Yep. Japan's data: dalton99a Oct 2023 #2

gee, I'm glad they didn't blame any hedge funds onethatcares Oct 2023 #3

Yep! LeftInTX Oct 2023 #4

That happened in the Pacific Northwest in the late 70's.... haele Oct 2023 #5

Been going on... 2naSalit Oct 2023 #6

Multi faceted problem Johnny2X2X Oct 2023 #7

It will probably hurt the water supply in the long run if they are from Southern California ripcord Oct 2023 #8

EVERY SINGLE inthewind21 Oct 2023 #9

Because a lot of these are investment purchases instead of purchases for residence. haele Oct 2023 #12

This is capitalism, supply and demand treestar Oct 2023 #10

When combined with some of the lowest wages in the nation... pecosbob Oct 2023 #11