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10:28 PM
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If you've bought a home in the past 30 years, what did you pay for it?
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:ElleMira:MV81MTM3NzY4Xzk0MzE0Mjg1XzkzQjMyMzQx] [quote:Butch DeFeo:MV81MTM3NzY4Xzk0MzEwMDA1X0Q3OENFQTcw] [quote:ElleMira:MV81MTM3NzY4Xzk0MzA5OTc5X0RFQzI2RDI5] My house is now valued at nearly TWICE the amount we paid for it. If we sold our house, we would definitely make a profit - but where would we move? Maybe down south/west where homes are more affordable. We've been investing in chicken coops, gardens, generators, preserving food, etc. The problem for us is property tax keeps going up. [/quote] What you do is MOVE into the center of the USA somewhere. A small town, and buy a cheap house there. [b]Because things are about to get [u]DICEY[/u] in big cities and on the coasts.[/b] [/quote] I looked at homes where my son lives, small town in the midwest - they've gone up nearly double too. I think the window of opportunity for affordable homes are gone and I agree that those living in big cities are screwed. My friend bought a studio condo in NYC in 2018 - the upper East side. She paid a fortune for it. She loved it. Going out with friends every night for dinners, enjoying all the city had to offer. Then covid hit and boom - she was stuck in her box of an apartment with a tiny oven and 2 burner stovetop. She figured she would sell after all the covid crap but then the crime wave happened and now she's stuck in a shithole. [/quote]
Original Message
My parents bought a home 30 years ago for 15k in a nice suburban neighborhood, needed a coat of paint but nothing major.
That house is now worth 300k and the neighborhood has gone to shit.
Wages have barely risen.
Sure, it's still the suburbs but now they have to lock their doors... for reasons.
Anyways, no wonder 30-40 somethings don't own homes.
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