this post was submitted on 11 Aug 2026
1130 points (98.8% liked)

Work Reform

17232 readers
179 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Zannsolo@lemmy.world 1 points 1 week ago

There's been way more new houses built in the greater area in the last 10 years than were ever built when I was growing up.

Adjusted for inflation I probably make about 60% more than my stepdad did when they bought a house in 1997. That house is now worth almost 5x what the bought it for. And the mortgage for the house as a first time homebuyer is probably close to 8-10x what it was for them.

The house next to my friends probably needs to be a complete rebuild and it's likely going to sell for 800k. It is a good location but it's not particularly big and is unlivable best case you could take it down to the studs but I didn't even think that is actually enough to fix it.

Must of the rentals here are owned by a few family owned property management companies.