The California promised to me at birth no longer exists

>Promised to me

It was never for you, chud

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that's less per square foot than where I live. Quite a bit less. A house that size would be like 1.5mil or more here. In USD. Not funny money.

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It was more about him bitching about a 1 million dollar home on Malibu beach where that same money buys some tiny shit hole in the outter inland suburbs of Sydney

wow almost everything is a million

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same person. cali was cheap in the 90s. especially southern California. You have had the same kind of asset inflation over the past 20-25 years. It's just worse in a good amount of California. That home in Malibu was some upper middle class Californians weekend home. Even my mother could have bought that in 1999. And she was just some fucking waitress.

thankfully nobody has ever promised me california

It's because of the name. Cali was always the hot place to be but in the modern internet age, it now has international attention. I'd be willing to bet at least half of the houses owned in the area aren't even owned by US citizens but more likely Chinese rich kids that have enjoyed the sudden wealth that happened over the last 20 years.

it's our increasing population combined with a lack of building. And as you said money from Asia and the middle east. with a strong inflow of IPO money. Its a recipe for disaster. More sprawl and conversion of old industrial areas into condos would help. A whole new city somewhere on the central coast would be great. This is a government created problem.

>More sprawl and conversion of old industrial areas into condos would help.
We have that too. Some old fish and chip shop got converted into a home and it's going for 2.2 million dollars, so even that doesn't work since it attracts those artsy douchebags.

Both our countries are in deep shit and I don't see any real way out. Pods are our future.

>Both our countries are in deep shit and I don't see any real way out
for us it's a tech crash or a massive amount of building in the east bay and the San Jose area. The land is there.

If your government allows however. Property as investment is a big thing for boomers here and boomers are who lead the country, so they limit development opportunities so that the bubble keeps inflating.

i think they would still be able to get away with fairly exorbitant housing prices even if they started slapping houses up everywhere.
the real, fundamental problem is that people treat their houses like a money printer

boomerfucks are greedy parasites who don't let cities build new homes so that their property value doesn't decrease.

I want an earthquake to happen so bad

>If your government allows however
they don't. A lot of the land is owned by the cities it borders as well. So it just sits there.

Same as here then unfortunately.

West coastal “Americans” are not American. They have no soul and are generally fucking faggots.

not for long. The supply would get too high after a while, and they would begin to cut prices. As long as tons of them are being built and immediately put up for sale.

Yes. I am a minority in my own city. Fuck this country and fuck these churches for importing all these god damn gook bastards.

prices would go down but i don't think it would be to a truly affordable 50s-90s level. there'd be cases of "investors" and landlords and such owning tons of property

You think that's bad? I live in Honolulu
our average income is $37,000
san fran is $55,000 for comparison
I moved from the midwest, where I made $62k per year
I make $59k per year here.
a house in the midwest costs 200k

Why did I move here? I guess it was the weather.

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Why live near the water? If I were American I'd just live in a rural part of Washington or Montana.