I recently investigated the feasibility of purchasing a home again, and the data confirmed why I am staying put. My current rent for a 2BR house in Los Angeles is ~$5,500/mo. I analyzed 2+BR/1.5BA properties in my neighborhood on [Site Name] and used Gemini OCR to extract the following statistics for active listings:
- Range $8.85 Million ($0.65M to $9.50M)
- Mean (Average) $2.425 Million (Sum of $92.16M / 38 properties)
- Median (Middle) $2.04 Million
- Mode (Most Common) $2.50 Million (appears 3 times)
I performed the same analysis for houses sold in the last three months within the same map area, with the following results:
- Range $1.155 Million ($0.725M to $1.88M)
- Mean (Average) $1.236 Million (Sum of $28.433M / 23 properties)
- Median (Middle). $1.25 Million
- Mode (Most Common) $1.10 Million (Appears 3 times)
The data confirms the disconnect: the only properties actually moving are those priced near the "least unaffordable" floor. Meanwhile, the bulk of the market is sitting stagnant because sellers are holding out for prices that, at current interest rates, make zero financial sense for a buyer compared to renting.
Not asking you to dox yourself, and I’m not questioning your take that renting is better than buying, but are you sure the data you pulled didn’t have a filter where you ended up with apples to oranges on the listing vs sale prices?
Just trying to find a hood in LA, at least the city itself, where there’s a $9M+ home for sale and where during the past 3 months the max sale price has been less than $2M. Unless the $9M place for sale is a total outlier.
Maybe it’s a small part of a single hood but I’m not sure you can conclude much about the broader city if that’s the case. Or maybe the asking prices didn’t have a bed/bath filter but the sale prices did?
This was an interesting read. Also, Compact frames DEI as elite cultural manipulation that harms workers of all races by substituting identity politics for class solidarity.
DEI is practically in the communist playbook too. So, they basically get support from the super rich and also pro-communist forces. Of course, many pro-communist idealogues are super rich people who have nothing in common with workers. They dream of running things based on prior status, and never having to yield to popular opinion. At least under capitalism, you can work your way up from nothing, and you can keep the fruits of your labor.
Good question. I’m not entirely sure about its value yet.
It was done to continue development without legal uncertainty, and it’s mainly a defensive measure.
No, it's one company == one vote. There's a similar situation with IBM & Red Hat. Since IBM owns Red Hat, Red Hatters (like myself) may participate in meetings but where individuals from both companies are present "there can be only one."
The blogger links to their own content from their own blog and throws a 500 level error (e.g. "Don't retry this.) with the message "Your access to this site has been limited by the site owner"
reply