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Joined 1 year ago
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Cake day: July 17th, 2023

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  • I’ve lived in Los Angeles for over 20 years, so I think I have seen what construction is like in California. And I have family in other states who work construction, so I also have an idea of how much stricter the building codes are here in CA (including how much stricter the building inspectors are). Almost everything you complained about is about workmanship or level of finish, not actual build quality. It might not be very sound proof, but it almost definitely won’t fall apart under normal use (there’s a reason that condo in Miami was such huge news). Also, if you are able to fall through a wall with 16" on-center studs and 1/2" drywall then you must be way more dense than I am, since I would have to run fast to get enough speed hitting shoulder first to break through, let alone a slow speed fall into a vertical surface. I’ve never been to China, so I can only repeat what I’ve heard that the quality is much lower than in the US.

    As far as you rent vs buy example, you took the extreme case of Silicon Valley. Even in Los Angeles you can buy a single family home for $1.2M that rents for $6k/mo. You don’t even have to look at Detroit. Your example is also off. A 2b 1b apartment rents for $3700, but a condo of that size is $600k not $1.2M. And the mortgage on $600k is roughly $3200/mo plus $600/mo in taxes. If you look at single family homes, yes you are starting at $1.2M, but those are minimum 3br (or very large 2br) and absolutely not renting for $3700/mo. If you go away from the extreme case of SV and somewhere completely normal like the nice suburbs of Indianapolis, you can buy a small house for $300k that rents for $2000/mo.


  • Nah, the situation is way different in the US. The construction quality is way way better due to building codes and actual enforcement of that. Though some construction does fall through the cracks, it’s a good bet that the vast majority of construction here is safe. There is a pricing bubble here, but that’s for different reasons. And renting here is nowhere near as cheap as this person says. They said it would take 114 years to pay back the cost of a house compared to renting. In the US, rent is usually slightly more or even much more than a mortgage and goes up over time, so your worst case scenario is less than 30 years.