And why are the schools better? Because of the people in those neighborhoods. I know many teachers who have worked in inner city schools and were glad to get a job in better town. That’s reality. The prices are by the market and the owners. I find it pretty amazing that some here don’t seem to realize that the socioeconomic situation in a town is a major component of the property values in that town.
Because nobody is willing to pay $1 million to live in the poor neighborhood. Why is this so hard for you?
And people of lower income can’t afford to live in wealthy neighborhoods. Let me ask you this. Do you think that people living in upper middle class and wealthy neighborhoods would ever want low income housing projects built in their neighborhoods?
Jezcoe
214
Got two going up down the street from me.
Large ones.
While there has been pushback by some, the majority support it.
At this point, i don’t know what you’re even arguing about.
And the socioeconomic condition of the town has a significant impact on the price of the home. Also regarding schools the socioeconomic condition of the families in a town have a huge impact on the quality of the schools. Let me put it this way. Take the same plot of land and build a house in Union, NJ and do the exact same plot of land and house in Millburn, NJ. The house in Millburn will be double that in Union. Millburn has no geographical advantage over Union. The only significant difference is the socioeconomic status of the families in Millburn.
That’s all true. So what’s the big point here you’re trying to make ?
That houses cost different prices in different areas?
The other possibility is that Texas becomes more like Central America.
We can only hope. I love central America. Try to get there once a year. Costa Rica is beautiful. No army. The people are great. Belize is great. Great diving and great stuff to see. Panama same. Never made it to Nicaragua. Only to the border but plan too soon. What’s the issue with central america?
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Last I heard over 100,000 thousand people per month are fleeing from there. Maybe you should ask them.
Uhm there’s a lot of Central America that is the poster child for modern poverty.
My grandparents’ renter is from Guatemala. He was “middle class” in the home country and didn’t even have easy access safe drinking water. He had electricity so that made his family middle class.
My old preacher lived in Belize until he was about 18; his parents were missionaries.
He said the poverty there was heartbreaking. Most people only see the tourist towns, not the rural country side where his father pastored at.
He led an interesting life. At first he rejected the call to preach and moved back to US when he was 18 and joined the Navy; served on a Ticonderoga class cruiser for nearly 10 years. After that he had a change of heart and decided to follow in his father’s footsteps.
WuWei
229
It’s like that in all of them.
No one leaves a great place to work and live. Michigan’s population has been the same for the last 20 years. Most of the kids moved to California, New York and Chicago. It’s mostly full of old people now.
This is also decade after decade and with billions of dollars in foreign aid.
People working remotely in Oregon for companies located in California is part of the reason home prices in Oregon have skewed higher than normal. When something is worth “whatever someone is willing to pay for it” rather than what it’s actually worth, and remote workers are getting paid close to what they’d be making if they lived in California while living here, things get a little out of whack because the people selling them their houses “can get more.”
It’s “actually worth” whatever someone is willing to pay.
WuWei
235
No. It costs whatever someone is willing to pay. It is only worth what it is worth.
