this post was submitted on 09 Oct 2024
624 points (97.1% liked)

Funny

6997 readers
413 users here now

General rules:

Exceptions may be made at the discretion of the mods.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Thebeardedsinglemalt@lemmy.world 8 points 2 months ago (1 children)

Because that's what houses in that area were going for on the high end. Cost of living where I am now is redonk

[โ€“] sugar_in_your_tea@sh.itjust.works 1 points 2 months ago* (last edited 2 months ago)

Idk, $350k for a 3 bed isn't all that high. In my area, houses (and I use that term loosely) start at $400k or so, and a 3-bed would probably be $500k, and I'm not in some posh area either. I'd have to move quite far away to see anything under $400k that was anywhere near worth moving into.

That said, we bought our house for $250k, and it has more than doubled. It's a 4 bed, 3 bath (2 3/4 baths) with a garage and a decent lot (1/4 acre), so I'm guessing where you lived wasn't so different from where we bought 10-ish years ago. Houses have just gotten a lot more expensive, and if I moved next door, I'd have to offer at least $600k just to be taken seriously. If I looked anywhere remotely urban, I'd have to double it and drop the lot size.

So $350k is honestly pretty decent price for much of the country, assuming you're within commute distance of an urban area. And that's still nuts to me, because I thought $250k for our house was a little high at the time...