Comments

You must log in or register to comment.

gvillanomics OP t1_jechgq1 wrote

Replying to TechnologicalDarkage (#2,507,618)

That is partly the reason. Additionally, mortgage rates have increased a lot over the last year, which has also negatively impacted demand. That coupled with high prices is why states like Idaho have seen drops from the post-pandemic highs.

22

JPAnalyst t1_jeclheo wrote

Interesting graph. I can’t decide if it’s effectively giving the information in a concise way or not yet, but I still really like the effort. And it’s different. Very cool!

Edit: I looked at this some more, and it does do a great job of telling the story in a clear and concise way.

208

regisalmighty t1_jecnmtn wrote

This graph is showing the high mark then the January level? Interesting. I wonder if there's a way to get the minimum/negative growth in there too...

1

ferrett321 t1_jeco54j wrote

Conspiracy theory: rich people are buying all the houses to force us out of comfortable work from home jobs.

35

Nder_Wiggin t1_jecr349 wrote

Replying to JPAnalyst (#2,508,877)

I find this very interesting because I think as expected the housing market prices are shrinking in most places, except for some states....more then I thought would still be growing.

My hypothesis on why is that either you have to have a lot of money initially before you move and retire in those state (i.e. Maine, Delaware) therefore the price increase doesn't really have much of an affect on you OR you still think that these states are a cheaper cost of living compared to the state in which you currently live (i.e. West Virginia, South Carolina, Arizona, etc...)

22

ferrett321 t1_jecwn6k wrote

Replying to Temporary-Alarm-744 (#2,511,952)

I love the idea of the whole world just collectively saying "nah we aren't dealing with this anymore," and just not showing up the following day for work. And if everyone was just relaxed about it, no anarchy or panic, but everyone just calmly saying "nope"

7

SheSellsSeaShells967 t1_jed1ue0 wrote

Replying to Nder_Wiggin (#2,510,502)

People with money have moved to Maine in droves during the pandemic. The problem being for the native Mainers is that we are a pretty poor state and good jobs aren’t plentiful. It has caused a housing crisis. People will jump on me and say that we should go back to school, get better jobs, better ourselves, etc. We’ve heard it all. But it’s not an opinion, it’s a fact that this has had a big impact on the poor and middle class Mainers.

24

PrimeNumbersby2 t1_jed4pri wrote

Just wanted to say great chart! Love the data and graphic.

30

kazooki117 t1_jed9qs6 wrote

Replying to ferrett321 (#2,512,053)

The issue is food and heating/cooling/power. Most people can't just sit at home, they need to buy these things or get them. If there is an organization that could provide these things for a sustained period of time, then maybe that kind of thing would work.

5

THEwizardgate t1_jedauco wrote

I’d love to see these same bars laid out against a scale where the left end of each line starts at the point representing the median house price in each market.

5

mekatzer t1_jedazw7 wrote

This is nicely done, and original.

2

Gr1ff1n90 t1_jedhz2m wrote

Oh yay! Looks like it’s getting to be a good time to buy for me!

4

insultinghero t1_jedpbfu wrote

Like the graphic! If you remove the colour, it's still easy enough to find the states that have receding values.

2

jerry111165 t1_jedq6c0 wrote

Not accurate. Live in Maine and house prices have been going back down for awhile yet the graph shows it as “still growing”.

0

naomilovesu123 t1_jedrz57 wrote

Why are there so many people buying horses full stop? I knew it was kind of a thing in the US, but like fuck.

1

saltycaramelchoc t1_jeduuo7 wrote

I almost unsubscribed from this sub yesterday after seeing a run of ugly charts.. this has convinced me all hope is not lost! Cool and unique chart - thanks for sharing!

58

QuitoQT t1_jee9j3m wrote

Florida's real estate market has been nothing short of insane these last few years. Locals who've lived here their whole lives are being priced out by droves of young professionals and retirees escaping from cold weather states.

I'm torn because while it's great for the state's economy it's horrible for those living here who don't command the same wages as the new residents.

3

starion832000 t1_jeei2qa wrote

There's Pennsylvania, mathematically in the middle. Right where it always is.

2

KevinDean4599 t1_jeejvmr wrote

Replying to SheSellsSeaShells967 (#2,513,549)

true. prices in coastal Maine have really shot up. but that's the same issue people in other states like Idaho have. I think things will eventually drop a lot if we have a recession. demand for vacation homes drops a lot during a recession. and many people who retire to Maine may be less than thrilled with the winters and it isn't the best place in terms of taxes. I love the state and would have a place there if it wasn't all the way across the country.

4

Trblz42 t1_jeen8yg wrote

Can you add median house price per state too? That gives a different picture.

50% increase of 200k$ vs 40% of 300k$ house

2

grumble11 t1_jeeoai9 wrote

Great chart. Florida really benefiting from the boomer retirement wave.

2

Fun-Passage-7613 t1_jeeos6m wrote

Realestate prices have almost doubled since I moved to ND four years ago. Same with property tax rates. Yet ND is still a $7.25@hour federal minimum wage state. Lots of help wanted, but very low wages. Plus, very long shitty winters with $1000@month heating bills during the winter.

2

miniscant t1_jef23cj wrote

The vertical index lines are too faint to be useful in the majority of the middle. It would help to have them be wider and brighter.

2

frothy_pissington t1_jef5gjc wrote

There’s never been a lack of cheap houses in the US, the problem is they aren’t in places people want to live ......

Reference: Toledo Ohio.

1

Old_Spice_75 t1_jef8lxw wrote

Replying to SheSellsSeaShells967 (#2,513,549)

Same situation in coastal Florida. Especially where I am, in the panhandle. The economy in the northern part of our state is cut off from the peninsula. It’s rural and has very little industry. I bet many States are like this: even in CA, agriculture is the business in the interior, rural areas. Prices at the coast are one thing, but local people are effectively being priced out all over.

Once again, the pandemania and excessively low Fed rates are showing their harmful results.

2

SheSellsSeaShells967 t1_jefdeuv wrote

Replying to Old_Spice_75 (#2,536,331)

We also have outrageously high electric rates. And over the last year they just keep rising with the PUC not seeming to care. I live alone in a small house. I work a lot and I’m away from home quite a bit. And even then I run a light and my television while I’m awake. my bill for last month is $90.

1

ghunt81 t1_jefmytj wrote

WV still going up and I can't figure out why. But somehow all the decent houses around here are suddenly $300k.

Used to be cheap to buy a house here but now that's only true if it's small, shitty, or in the middle of nowhere...although I've seen houses way out in the sticks going for $300k+ too.

2

OldKingTuna t1_jeg7q0j wrote

Replying to frothy_pissington (#2,535,331)

Visited Toledo once on vacation. I remember leaving the The Toledo Museum of Art, driving down an avenue lined with enormous dilapidated mansions on both sides, one after another, for what felt like at least a mile. You could tell these where magnificent pieces of architecture in their prime. One of the weirdest neighborhoods I've ever seen.

2

Samurai_Stewie t1_jegksi9 wrote

The only criticism I have of this is the lack of vertical lines to more accurately assess how much prices have gone down from the peak; the ones at the top and bottom are easy enough, but the ones in the middle are a guessing game.

1

drillgorg t1_jegqlk9 wrote

Huh, I'm from MD and I've been thinking "home prices are up but not that much up, doesn't seem like a huge deal". Had no idea that we were one of the states with the least price increase.

1

decosunshine t1_jegua7n wrote

I'm amazed at how much information you presented without being overwhelming. Well done!

2

beebs44 t1_jegww29 wrote

Congress needs to ban corporate ownership of homes. Or crazy penalties.

They're literally buying them all up.

1