Serious Question for NorCalForge

I said it before but I'll say it again: If you're against nuclear power you're an environmental terrorist.

These aren’t even really “luxury” apartments (no pool, no gym, no door man, tiny balconies, no bbqs allowed, extra charge for pets, though the nine foot ceilings are nice) yet they want $3700 per month for the two bedroom apartment ($3900 per month for the other two bedroom layout). The area isn’t even very trendy.

This is caused by the housing shortage.

https://www.forrent.com/ca/san-dieg...bV_lhxB2spsNkSwQU5AaAktxEALw_wcB&gclsrc=aw.ds

Even a rather spartan (bare concrete floors and lame cheap industrial design) mid rise tower apartment right in the heart of the homeless I.V. drug user zone will set you back $2800 per month for a two bedroom with no parking included. Remember this is where the Hep A outbreak was centered with homeless drug addicts every where. A tiny 960 sq ft apartment.

https://pinnacleonthepark.com/floor-plans/#k=12690

Across the country, in Levittown NY (on Long Island, which was Republican last century but turned Democrat somewhere around the early 90s):
-brand new same sized house (4 bed, 2.5 bath but w "study" instead of 2-car garage) on half the land (1/8 acre), six miles from Jones Beach (really nice beaches for LI). In decent repair and w a few upgrades and a small inground pool.
-bought new in 1970 at $48,000 plus around 6k for the pool in '80.
-sold 44 years later (2014) at $402,000

Much less appreciation over approx. the same time period as your folks.

I'm so glad I live in Georgia - $ 120K for four bedrooms, 1/8 acre, with garage - purchased brand new in 2004 in a low crime diverse (white black Asian Hispanic) working class neighborhood with an average household income of about 75K. That's a pretty good housing-to-income ratio there.

why do you think the NIMBYs always try to block new construction? Because it is so damn profitable. Mind you, he currently owns five houses, four of which are rental properties and really three are “town houses” (meaning garage but one attached wall while the others have no attached wall but your garage is attached to the neighbor’s garage, one of the rentals, the original 1978 home I spoke about) is a SFH the rent he charges on the SFH is in excess of $5000 per month while the three condos run between $3400 and $4200 per month (depending on zip code and school district). He lives in one SFH in a much less desirable zip code (Santee) because it is cheap but spacious while still being a relatively nice area. He bought it in 2009 for $465,000 after it got returned to the bank by the previous owner who had financial difficulties; in 2001 it sold for $725,000. Last year he had to sell one townhouse (#6 which he no longer owns) to pay off his girlfriend of ten years after they broke up to buy her out of the rather plebeian Santee SFH.

So PG&E made wine country whine country?