har0ld - Tumblr blog

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How land is used in the US. (Not regions but displayed this way to get an idea of how big they are)

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Do they know that reading is not mandatory? Nobody is forcing them to read?

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Every time I have almost been hit by a car it’s been a Tesla

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“The whites are it again face”

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Three of the four elements are represented in types of hockey; Air hockey (air), field hockey (earth), ice hockey (water). Fire hockey needs to be a thing.

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im sorry i was so weird the other night. thats how i am every night

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I'm not a religious man but

Goku….if you’re out there

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RIP Frankie Beverly! 😢🕊️🙏🏽

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The rent-seeking mentality has taken over the world and needs to die.

Not only those prices are insane, those houses fucking suck with high maintenance, stupid layouts and shapes.

A comfortable, sustainable 2 bedroom house can be built for under $200K, we just don't do it because contractors want to make fat profits, which they wouldn't make at that price.

Greed is always the reason. Fuck greed.

The absolute upper limit of what can be considered affordable for a home is 4x your income. Ideally it should be 3x, but 4x is the limit for reasonably stretching your budget.

Using Sacramento as an example, median home price is about $510k, and median household income is about $85,000

That number for Sacramento is 6x, and that's for a middling city with middling employment prospects. So the entire city for almost everyone living there is by definition unaffordable. And that's not as bad as it gets

Let's look at Toronto. Median income is around $91,000, median home price is just over $1,100,000. That's a ratio of 12:1. You would need to be making a quarter of a million dollars just to be able to qualify for a mortgage.

For a home to be affordable, one of two things need to happen: 1) incomes need to rise astronomically overnight or 2) home prices need to crash astronomically overnight

In Sacramento, that means the median income needs to double (to $170k per year), or home prices need to crash by 50%

In Toronto, that means incomes need to quadruple (to $370k per year) or home prices need to crash about 75%

This is how bad the housing crisis is. I don't think people truly understand the gravity of how bad it is. Home prices should not be this high. Incomes should not be this low. Look back 100 years and you won't find a time when affordability was this bad for everyone everywhere. Things must change

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Photo Genic (1998), PC-98

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