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LoveArguingPolitics t1_jb3czjv wrote

Reply to comment by DanoPinyon in [OC] USA Counties, change in median listing price for residential real estate on MLS (Multiple Listing System), February 2022 to February 2023 by michigician

It's more expensive to build in general and new construction is getting ridiculously big and packed with amenities driving the price up.

That would be my guess, less organic and more like a bunch of expensive ass monsters are getting built and dropped on the market

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Dwarfdeaths t1_jb3tum6 wrote

It's an increase in productivity of otherwise unproductive locations due to remote work. Rent is set based on the difference between productivity of a location and productivity of the available free alternative (e.g. wilderness). Since home prices necessarily include land speculation, i.e. the rent that could be collected by owning the property, home prices rise too.

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LoveArguingPolitics t1_jb4tuyg wrote

This has nothing to do with rent she what you said didn't even exclude what i said... It's a lot less nuanced...

Rich guy moves to country builds big house

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