Our boomer parents that have had the same jobs forever until retirement and same houses forever until moving into assisted living think all you need to do is just pound the pavement to get a job with a firm handshake, and go find a house and pay 1 mo's salary as a down payment.
My SO and I sold our townhomes in Colorado and moved to North Carolina. Paid cash for our house and live mortgage free now. Love my home state but got priced out. Oh well, I can drive to the beach now.
You joke but the extremely snowy Upper Peninsula of Michigan is having a housing crisis because so many remote workers are moving there that they don't have enough houses.
I checked out listings around Traverse City as well just across the lake. Wouldn't mind living there, but of course I can't afford a house there either.
Detroit! It gets a bad rep and there's still a ton of work to be done, but it's a city on the up, has gotten a lot of recent investment into the downtown area, and the people that live there are fantastic and love their city and really are doing their best to make it live up to it's potential. Still a long way to go but definitely worth taking a look at.
That's why more people are Ex-pat out the country to retire somewhere affordable. In 20 years a new car will be $100,000 with a 15 year loan. Fucking crazy town
Yep. I found an affordable home. Bought it too. But it's in a Red State. I dont have any kids, wife and I work from home. The College town nearby I grew up in is a big Blue Dot that seems to keep this area "Normal Republicans". Not a lot of Trumpers here. Lots of generational poverty, though. Don't drink the water. This area doesn't seem to be a hotspot for cancer - but the water has traces of radiation. (No Fuckin joke) its only got 24x Radium, combined (-226 & -228). But /
I got the house for a steal. Built in 1938 in a rundown part of town. It's a Gem surrounded by dilapidation and other well built 80 year old homes. But I own it outright. Nobody can tell me shit. I was able to put in a pool - even if it glows. Got a GREAT claw foot tub too. You can almost swim in it. As log as they dont start hanging Democrats I can live in peace here. Fucking crazy thing is - it's a real possibility that they might start hanging Democrats here one day. Fucking wild.
Yes. It’s not just about the weather. If I want enshrined rights for women’s bodily autonomy, protections from discrimination for all people including those of all genders and sexualities, and a good ACA insurance option, and legal weed, and a vibrant arts culture, and adequate worker protections… the list of eligible US locales becomes quite short.
I'm disabled and recently had the thought that if I moved out to some hillbilly area I might be able to afford all of rent, food and necessities. It's not safe for me to live in the middle of nowhere, though.
Gotta learn to hate the city and love the woods. Tons of nice houses in West Virgina. I been window shopping and talk about nice houses under 200k. The draw back is you Live in Banjo Country.
Translation: "I want to live on the California coastline specifically and not deal with any weather or people that don't share my viewpoints ever but I can't figure out why it's so expensive"
Add in: "I'll only work for prestigious companies, so I have to live in this city I can't afford", and this gem coming from someone making minimum wage: "there aren't any jobs in small cities" (there are plenty of good jobs in smaller cities).
A house I once owned in Sydney, which was purchased in the early eighties for AUD32,500, is now worth over half a million. Home ownership in Oz is arguably now a virtually unobtainable goal. By ownership, I mean "owned", not "living in it while we spend the next thirty-five years struggling to pay off the loan". Rabid FOMO is real.
I'm a realtor. This inflation in price is the result of inventory being too low. Classic supply and demand. The issue is compounded though by the fact that most current home owners have an interest rate below 4% and they don't want to buy now when rates are 7%. Until this gets solved it will stay this way.
Plenty of Midwest and "Rust Belt" cities are very affordable still, and many have done a lot to try to revitalize their downtowns. We've got good jobs, cheap houses, no traffic, and friendly neighbors. What's not to like? Sure the houses and infrastructure are older, but nobody is going to bulldoze your block to build those terrible 5 over 1 apartments, then jack up the rent by 500%.
There are definitely homes in working class suburban cities in Metro Detroit where you get relatively mild winters, mild summers, homes for $180k and plentiful jobs particularly in skilled trades.
People don't seem to realize just how much Lake Effect Snow can be generated during a winter. It's not uncommon for parts of the 'ear' of the upper peninsula of Michigan to get over 250 inches of snow during the winter.
yeah, thats the big difference - if the wind blows across the lake to you, you gon' get fucked every winter. Prevailing wind goes over my head toward Buffalo.
This post makes me think you're a Russian bot stirring up shit or aren't looking outside SF/NY/LA. You can easily buy houses in Ohio, Minnesota, Florida, North Carolina in their major cities for under 200K. Many of them are quite livable during most of the year. Buy a house there, get equity, improve your career, sell, and move somewhere with nicer weather+amenities. Don't just complain a house/apartment in Manhattan or SF isn't handed to you after graduation.
I wouldn't call North Carolina affordable, like at all. But you are correct that the Midwest (Ohio, Indiana, Illinois, Minnesota, etc) is still quite affordable.
I saw a nice 3 bedroom home in Durham for $250K and a few other condos and townhouses in Raleigh for 200K or less. Again not perfect and might need some work, but there is so much land in this country that is quite affordable
It seems as tho many of the houses that have the confederate flag and such also have a no trespassing sign. Bold of them to assume they have anything anyone else wants.
Subconsciously, they know nobody cares about them so they play up the defensiveness to make it look and feel like someone does. It would be sad if it wasn't so toxic.
These are the same people who want to tell you all about how they're heavily armed "to fight tyranny" while being the biggest bootlickers on the planet.
Or its shady apartments in converted homes, especially in cities. My apartment in Baltimore was the 1st floor of a tiny row home. I could push the frames in enough to reach the window locks if I locked myself out, but hey, I had a fenced yard.
In a group living community with high quality shared spaces something like this for private space really is enough. I spent 8 months living in a glorified closet with a bed and an end table I could put my laptop on. It was totally fine. It was my space for sleeping or specifically being alone, but kitchen, bathroom, and everything else was communal between half a dozen people.
I've lived in shithole apts, and high-end apts, and they all have the same bullshit in common: floors/ceilings/walls too thin. At higher-end apts, you have higher chance of having some respectful neighbors. But, if neighbor has a kid, you will hear that thing running all over the place. We currently have a "stomper" living above us. All apts are built by the lowest bidder.
As a long life renter, there’s things you can do below. Set up tapestries hanging on the walls, use large fabric lampshades, and hang light tapestries in the ceiling.
I own a small little penthouse in a city near where i live, nothing special, but quite nice with two balconies and a great view - and it's now more worth than the house my family and i live in. Absolutly bonkers. The Tenant still pays the same (theres no mortgage on it, so I have no pressure to change anything). The penthouse direct next to it sold some months ago, and I was blown away by the price. NOBODY who works an honest job can afford that, honestly!
We bought our house in 2019. It's already worth 40k more in just 4 years just because someone in our neighborhood did a whole bunch of renovations & then sold their house.
We were lucky and bought a house in our early 20's back in 2007 as the crash was starting. Paid 160k at the time, two years later the house next door sold for 40k at auction, thought about walking away from it, but now it's worth 300k. And no, my parents didn't give or lend us a cent to do it. Being high school sweethearts actually does work out sometimes.
Not just in the US my and my SOs parents are in the age of „we need to write wills for our end“ and both had their houses valued: my in-laws are living in their house for about 25 years now, the house is almost worthless but the plot is at about 650k€ and my dad bought his house in 04 for about 300k and that’s worth about 950k now. It’s BONKERS. Both are nowhere near as nice as these evaluations make them seem.
I bought in 2021, 270K for something that was at most, 200K. Whatever. I'm lucky. Appraiser came by this year "Yea its worth 389K now because reasons."
Mine has nearly doubled in just 5 years. It's madness! I think a lot of people misunderstand why that's a bad thing too. If my condo costs +80%, and I want to move into a house and have space for children at some point, every time housing goes up, that possibility gets farther away. I lose money every time my condo gets more expensive, effectively. And our tiny starter condo is WAYYY too small for us. Always was but we had to get in to something or lose out entirely... It's bad for everyone.
Doubling in 14 years is about 5% annual growth. You'd make more on average from a mutual fund, but it's still a couple percent a year more than inflation growth which adds up.
Parents bought the house i am in now for $140K in 2000. Today, on Zillow, it lists for $390,400. The only places you find around here sub-$200K are bare land priced around $100K per acre. The only reason builders and bankers aren't buying them is because most of them are either too small or between other lots without direct access to a road. Its stupid and insane.
Bought my little place in 2019. COVID hit and the prices in this area lost their god damn minds. Value of my place doubled in two years. Two. It’s fallen back slightly now to “just” ridiculous rather than batshit insane.
I have had mine for just under 4 and it has nearly doubled in price. If I sold it even with a profit I wouldn’t be able to make a mortgage payment on the worst house in town.
I bought a house 4 years ago and am having to move for work. The real estate agent estimated my property value about 30% higher than what Zillow did to over double what I paid. The problem is even with this massive check that will allow me to put 40-50% down, the 7% interest rate and higher values nearly triples the mortgage.
Atlanta area here, bought 3 years ago and now valued over 250k from what we paid. Keep getting telemarketing calls pushing home equity loans... real PIMA.
Not like I could afford the mortgage payment in Cali though. I am selling it, but more so I can use the profit to pay off my debts and start a small business. Some of my friends and family have tried to convince me to rent it out, but fuck that. People need home buying options and I'm not going to be another scumbag hoarding properties. Literally just saw someone on a local buy and sell FB group who is doing just that. "I own several apartments and houses with affordable rent! Message me!"
Unless this is your second or third home, your not hoarding property. If you own it outright, charge rent at a small percentage above property tax, then stow the rent paid for repairs. Might give someone who can't pass a credit check a decent chance.
Even at the level of two or three properties doesn’t really constitute as hoarding. You can become an accidental landlord via inheritance for example. Hoarding is 10 plus….
It's still under mortgage. Either way, I don't want the headache of managing the property and risk a tenant fucking it up to where it's harder to sell. I had roommates for a while that needed somewhere to stay and they almost did that with me still living here, too. If I'm not here, I don't trust randoms not to trash it. I'd rather just let someone buy it.
I think my parents bought our house about 17-18 years ago for around 250. It's doubled too. We kind of want to move, but it's fully paid off and I don't want to have to deal with a mortgage again, or the hassle of trying to find a decent place that's affordable. Though with temps rising, I'm about to say fuck it and move as north as I can since everyone seems to hate the snow.
Houses we built cheaply, on small lots in 1997 and sold as starter-housing at $60-80k are now on the market as 25-year-old, cheaply built houses, on small lots for... $420,000.
Bought mine outside Detroit (1/2 mile outside legal city limits) for $90k in 2013. 1.18 acres. Sold it in 2021 for $150k. Didn't do a damn thing to it. In fact, the house itself needed more repairs than when I moved in.
Paid 64k for ours about 15y ago. It's a 1929 American 4-Square. Needed a bit of work, kitchen cabinets, re did bathroom, painted but overall it was in good condition. Now, my newest tax assessment values it at 121k. Western pa, suburbs, "river town"
As a tow truck operator with a nearly identical style truck in that photo... I'll take snow over rain any day. Slow is slippery, you get more winchout calls which are fun. And you don't get soaked. All the water is solid, you just brush it off yourself before it has a chance to become a liquid.
I hate chapped lips, cracking knuckle skin, road salt damaging my car, plow drivers fucking up my very visible mailbox, shoveling my driveway for three hours and waking up to it full again, air so cold it hurts to breathe, ice storms, black ice and idiots that can't drive safely.... it's not exactly snow, it's what comes with it, lol
I fucking love snow, something about how it makes everything so quiet. I live next to I-25 in Denver and when it snows I don't hear the assholes racing down it every night
For real. Maybe it's because I'm already used to it being a Midwesterner, but if snow is the only thing stopping you from buying an "affordable" home that's kind of on you.
I probably should add, there are no nice under-$200k homes here (Ljubljana), despite the wages being much lower than in the USA. So, yeah, the post is still correct.
I dunno. I like snow. When I lived in MN it was pretty terrifying a few times when you can't tell if your driving on the shoulder lane. Then again it's nice to be warm inside.
Yea snow isn't that bad, sure maybe a few days out of the year it can suck but most states that get lots of snow have the infrastructure to clear the roads in a reasonable time and keep roads fairly drivable. I daily drive my Miata year round in MN. I will take snow covered roads over any of those other things in there pic any day.
lol I'm sure not a huge fan of snow either and last winter really did suck with how much we got. Still most days roads were cleared enough to drive and I would much rather snow and below freezing then 100F+ for a week or more
probably a mixture of having to share roads with idiots who can't drive at the best of times, and then having the danger ramped up because there is a little snow; as well as the fact infrastructural problems under snow, ranging from a lack of snow removal, to the power grid going kaput because it got a bit chilly.
Those don’t really have anything to do with the housing market. More just the state you live in. Don’t like snow? Move South. Don’t like heat? Move North. Don’t like either? Too bad!
Here in Quebec, we get -35°C (-22F) during winter and 30°C (86F) + humidity during summer. We were close to to 104F for a week or two with humidity last July. But we do have a couple months without mosquitos, so there's that. But it won't stay like that... winters are getting warmer, less snow, more icy rain...
Not in Canada, and the weather here is less extreme (more like -25C to 28C), but the only time I pray is when the temperature is juuuust around 0C and it's going to snow... or rain. The weather gods rarely listen. This is the past couple of years, I never doubted snow for christmas prior to that.
I'm in south Dakota and get both triple digit heat in the summer, and freezing negative weather in the winter. In spite of all of that, THE HOUSING HERE STILL COSTS TOO DAMN MUCH
Right? "bUT I nEeD iT tO HaNdLe tHE BaD WeaTHeR!" Dude, if my 2007 Hyundai accent hatchback can handle a snow storm and black ice with its 14" tires, barely 2,000 curb weight, and at most 6 inches of clearance and you can't manage to stay on the road in a truck, Maybe the problem is behind the steering wheel.
AWD is nice, but really anything but RWD with good winter tires will do just fine as long as you actually drive an appropriate speed. The problem ain't so much getting going as it is stopping. And momentum don't give a fuck what you're driving.
There are small hatchbacks, sedans and other cars with four driven wheels. No need for a wasteful truck. I still would only get AWD or 4WD if there's more than one month of deep snow per year. You're wastefully carrying that extra weight around the rest of the year.
Southern. Basically the same but winter is shorter. I travel a lot for work so I'm in the county plenty and no sir, I do not like it. Had to get some last minute hotel reservations once because the road from Houlton to Mars Hill was impassable. High winds made it so they couldn't keep it plowed.
Why am I not surprised? I used to have a ton of family up in the county (and I'm pleased you used the correct phrasing!:) ) but they're either no longer around or no longer around, if you follow me. Yeah, people didn't believe me when I said that there were still snowdrifts in late May when I'd visit family in the county.
BakingMaybes
Hey, there's the park service sign that looks like a guy wearing a trucker cap from far away
MoreaWine322000
I paid $95k for my house 10 years ago. Zillow says it's worth $280k. It is not. I'd sell, but where would I go!
butwhyisit
If I were to shop for a house right now, I would be priced out of my neighborhood. It's crazy.
sadurdaynight
Our boomer parents that have had the same jobs forever until retirement and same houses forever until moving into assisted living think all you need to do is just pound the pavement to get a job with a firm handshake, and go find a house and pay 1 mo's salary as a down payment.
bennythered
What does the car in the snow represent? That people shouldn’t live where it’s cold?
SmileHighSteve
My SO and I sold our townhomes in Colorado and moved to North Carolina. Paid cash for our house and live mortgage free now. Love my home state but got priced out. Oh well, I can drive to the beach now.
ingridwebb88
I'd love a snowy area but houses are still expensive there
aThingWithTheStufAndTheJunk
You joke but the extremely snowy Upper Peninsula of Michigan is having a housing crisis because so many remote workers are moving there that they don't have enough houses.
eromitlab
I checked out listings around Traverse City as well just across the lake. Wouldn't mind living there, but of course I can't afford a house there either.
aThingWithTheStufAndTheJunk
Well that's Lower Peninsula and FIB money. Good wine, though.
JonBeardsley
Detroit! It gets a bad rep and there's still a ton of work to be done, but it's a city on the up, has gotten a lot of recent investment into the downtown area, and the people that live there are fantastic and love their city and really are doing their best to make it live up to it's potential. Still a long way to go but definitely worth taking a look at.
EroticZombiePants
Well they finally ran out of stuff to burn down on Devil's Night.
TotallyNotVillain
I'd say that's true of all the Midwest and "rust belt" cities
twelvoclocklevel
SiscoVonSiegfried
I love the Andrew Wyeth house in the middle
Holinyx05
That's why more people are Ex-pat out the country to retire somewhere affordable. In 20 years a new car will be $100,000 with a 15 year loan. Fucking crazy town
SleepyHollowAppleTree
The snow one, yes please. The rest, heyuck no.
LadyJade8
My wife and I bought our house in 2016 for 120k, and it's worth 350k now. It's out of control.
Quince0ni
If you want to live in an area, or state, with basic human rights, it’s going to cost you.
TotallyNotVillain
Nope, not if you live in Illinois
SomeFukinWizard
Yep. I found an affordable home. Bought it too. But it's in a Red State. I dont have any kids, wife and I work from home. The College town nearby I grew up in is a big Blue Dot that seems to keep this area "Normal Republicans". Not a lot of Trumpers here. Lots of generational poverty, though. Don't drink the water. This area doesn't seem to be a hotspot for cancer - but the water has traces of radiation. (No Fuckin joke) its only got 24x Radium, combined (-226 & -228). But /
SomeFukinWizard
I got the house for a steal. Built in 1938 in a rundown part of town. It's a Gem surrounded by dilapidation and other well built 80 year old homes. But I own it outright. Nobody can tell me shit. I was able to put in a pool - even if it glows. Got a GREAT claw foot tub too. You can almost swim in it. As log as they dont start hanging Democrats I can live in peace here. Fucking crazy thing is - it's a real possibility that they might start hanging Democrats here one day. Fucking wild.
Ultrasuedeisamiracle
Yes. It’s not just about the weather. If I want enshrined rights for women’s bodily autonomy, protections from discrimination for all people including those of all genders and sexualities, and a good ACA insurance option, and legal weed, and a vibrant arts culture, and adequate worker protections… the list of eligible US locales becomes quite short.
RevolutionOnHerLips
I'm disabled and recently had the thought that if I moved out to some hillbilly area I might be able to afford all of rent, food and necessities. It's not safe for me to live in the middle of nowhere, though.
TotallyNotVillain
Look in the Midwest. Plenty of affordable housing in our smaller cities.
RevolutionOnHerLips
I am in the midwest, but I don't drive. I need public transit. Kinda sucks.
xantous4201
Gotta learn to hate the city and love the woods. Tons of nice houses in West Virgina. I been window shopping and talk about nice houses under 200k. The draw back is you Live in Banjo Country.
xantous4201
https://www.zillow.com/homedetails/388-E-Grafton-Rd-Fairmont-WV-26554/22745942_zpid/?
cbale2000
Translation: "I want to live on the California coastline specifically and not deal with any weather or people that don't share my viewpoints ever but I can't figure out why it's so expensive"
StillNotYouTube
nailed it.
TotallyNotVillain
Add in: "I'll only work for prestigious companies, so I have to live in this city I can't afford", and this gem coming from someone making minimum wage: "there aren't any jobs in small cities" (there are plenty of good jobs in smaller cities).
SquonkGonzalesAttorneyatLaw
Houses in Arizona are over 200K, i would cry but I need the water.
Ryebread91
Pretty sure that middle one is already owned by an elderly couple and a dog with a nervous disorder.
mlcarter815
Des Moines, IA is cheap and plenty of jobs available.
GorgeouslyDefinite
A house I once owned in Sydney, which was purchased in the early eighties for AUD32,500, is now worth over half a million. Home ownership in Oz is arguably now a virtually unobtainable goal. By ownership, I mean "owned", not "living in it while we spend the next thirty-five years struggling to pay off the loan". Rabid FOMO is real.
DeanOMiite
I'm a realtor. This inflation in price is the result of inventory being too low. Classic supply and demand. The issue is compounded though by the fact that most current home owners have an interest rate below 4% and they don't want to buy now when rates are 7%. Until this gets solved it will stay this way.
Kastax
Give me that middle pic, I’ll pay for the satellite internet
floatationman
Better to just go without.
TotallyNotVillain
Plenty of Midwest and "Rust Belt" cities are very affordable still, and many have done a lot to try to revitalize their downtowns. We've got good jobs, cheap houses, no traffic, and friendly neighbors. What's not to like? Sure the houses and infrastructure are older, but nobody is going to bulldoze your block to build those terrible 5 over 1 apartments, then jack up the rent by 500%.
ToSisPoS
Not if you want a job that can afford it, there isn’t.
SomeDetroitGuy
There are definitely homes in working class suburban cities in Metro Detroit where you get relatively mild winters, mild summers, homes for $180k and plentiful jobs particularly in skilled trades.
floatationman
"relatively" mild winters. I marvel that Detroit and Buffalo are at almost the same latitude and experience very, very different winters.
EroticZombiePants
It helps being on a different side of a Great Lake.
onlyhalfghost
yeah, being on the opposite side of Lake Ontario from Buffalo, I get a generally milder (though still -30 to -40 worst day) winter
EroticZombiePants
People don't seem to realize just how much Lake Effect Snow can be generated during a winter. It's not uncommon for parts of the 'ear' of the upper peninsula of Michigan to get over 250 inches of snow during the winter.
onlyhalfghost
yeah, thats the big difference - if the wind blows across the lake to you, you gon' get fucked every winter. Prevailing wind goes over my head toward Buffalo.
ZzzSleepyheadzzZ
This post makes me think you're a Russian bot stirring up shit or aren't looking outside SF/NY/LA. You can easily buy houses in Ohio, Minnesota, Florida, North Carolina in their major cities for under 200K. Many of them are quite livable during most of the year. Buy a house there, get equity, improve your career, sell, and move somewhere with nicer weather+amenities. Don't just complain a house/apartment in Manhattan or SF isn't handed to you after graduation.
TotallyNotVillain
I wouldn't call North Carolina affordable, like at all. But you are correct that the Midwest (Ohio, Indiana, Illinois, Minnesota, etc) is still quite affordable.
ZzzSleepyheadzzZ
I saw a nice 3 bedroom home in Durham for $250K and a few other condos and townhouses in Raleigh for 200K or less. Again not perfect and might need some work, but there is so much land in this country that is quite affordable
ZzzSleepyheadzzZ
https://www.zillow.com/homedetails/526-Red-Oak-Ave-Durham-NC-27707/49978025_zpid/ couldn't post it in the other comment but here's on example of a 250K house
LespritDeLescalier22
It seems as tho many of the houses that have the confederate flag and such also have a no trespassing sign. Bold of them to assume they have anything anyone else wants.
pudaheh
Subconsciously, they know nobody cares about them so they play up the defensiveness to make it look and feel like someone does. It would be sad if it wasn't so toxic.
littlecoatfatguy
These are the same people who want to tell you all about how they're heavily armed "to fight tyranny" while being the biggest bootlickers on the planet.
TheGhostofElizabethShue
Isthe4thtimethecharm
I would kill for a house this size on about 40 acres with a huge shop/barn.
paintingagency
And when climate change flooding arrives... "I can't swim".
BigDaddysMeatWagon
Does it have fiber Internet?
TheGhostofElizabethShue
No but you can have a friend over you don't mind being electrocuted
BumbleBeeBeardedGingerBear
Or its shady apartments in converted homes, especially in cities. My apartment in Baltimore was the 1st floor of a tiny row home. I could push the frames in enough to reach the window locks if I locked myself out, but hey, I had a fenced yard.
zerovanity59
Actually, in many places there are no apartments at all. People don't want them in their neighborhood, so zoning forbids them.
Snooj
If I was a single man I'd kinda like this.
randomwalrus
Including the dude across the hall that can see you at all times?
Snooj
I can spank it in the public bathroom. Or quietly after lights out.
Eilonwyy
Or maintain eye contact to assert dominance? ...or see where things go?
Enoan
In a group living community with high quality shared spaces something like this for private space really is enough. I spent 8 months living in a glorified closet with a bed and an end table I could put my laptop on. It was totally fine. It was my space for sleeping or specifically being alone, but kitchen, bathroom, and everything else was communal between half a dozen people.
sadurdaynight
I've lived in shithole apts, and high-end apts, and they all have the same bullshit in common: floors/ceilings/walls too thin. At higher-end apts, you have higher chance of having some respectful neighbors. But, if neighbor has a kid, you will hear that thing running all over the place. We currently have a "stomper" living above us. All apts are built by the lowest bidder.
marcnoel1052
Thing
EpilatorAlligatorBothReduceGrowth
As a long life renter, there’s things you can do below. Set up tapestries hanging on the walls, use large fabric lampshades, and hang light tapestries in the ceiling.
Casually
Yeah, I've had my house for 14 years and it has doubled in price. Housing is overpriced now.
CityYeti
Don't worry, it'll be a quarter of what it used to be very soon
snova595
155 in ‘19, est. 213 now
interesseret
As the age old saying goes: the major mistake of young people today was not investing in real estate at the age of 4
tymonaSmasher
If you are going to quote Jesus you should say chapter and verse
ViscousCousCous
Forbes 8:13
interesseret
As well as Bloomberg 24:7
ViscousCousCous
dillluethesciencedude
I had mine for 4-5 and it doubled in price. If we waited we never would have been able to buy a house
Jaeger638
Bought mine 4 years ago and it's almost doubled... the whole neighborhood has. It's crazy
backrideup9
My city took 6 years to double my home's value for tax purposes after not changing it more than 5% either way in the 15 years prior. Hurray! (/s)
onlyalurker
yup we bought ours at 130,00 and per zillow it's value is just over 300,00 ... like sure we put a fence up but damn O_o
Schlumpfi
I own a small little penthouse in a city near where i live, nothing special, but quite nice with two balconies and a great view - and it's now more worth than the house my family and i live in. Absolutly bonkers. The Tenant still pays the same (theres no mortgage on it, so I have no pressure to change anything). The penthouse direct next to it sold some months ago, and I was blown away by the price. NOBODY who works an honest job can afford that, honestly!
thatwoodguy
We bought ours for $ 438.5 k and now it's worth about 1.4 million. Housing costs are insane
majorcovert
Purchased my house for $155,000 9 years ago. It is worth $380,000 now
marsgoose
To be fair USD halved in value in last 14 years.
SeriousIy
Ive had mine for 6 and its trippled!
CheddarBae
We bought our house in 2019. It's already worth 40k more in just 4 years just because someone in our neighborhood did a whole bunch of renovations & then sold their house.
SinisterDuff
Is it insured for that much, because thats how you really find the value, at least it was for me
OmnipotentBeing
Wait, you guys get houses?
Slepnair
Only through inheritance
SlickWithaLimerick
We were lucky and bought a house in our early 20's back in 2007 as the crash was starting. Paid 160k at the time, two years later the house next door sold for 40k at auction, thought about walking away from it, but now it's worth 300k. And no, my parents didn't give or lend us a cent to do it. Being high school sweethearts actually does work out sometimes.
thingifound
Moved to Austin very early pandemic. My house doubled now. Waiting for it to pop and for me to go under. Austin's market was inflated pre pandemic
giganticroboticpenguin
Price inflation happens when mortgage rates sit near historical lows for ten years.
Fn0rd
Not just in the US my and my SOs parents are in the age of „we need to write wills for our end“ and both had their houses valued: my in-laws are living in their house for about 25 years now, the house is almost worthless but the plot is at about 650k€ and my dad bought his house in 04 for about 300k and that’s worth about 950k now. It’s BONKERS. Both are nowhere near as nice as these evaluations make them seem.
SploogeMcDuck316
Housing in my area has doubled in just 7 years. 300k homes going for 600k etc is absolutely insane. Add a 7% interest rate and its impossible.
protools1983
In just three years of owning my home I already had over 50% equity fucking crazy
Baron29
I had my last house for 8 years, and it tripled in price. And we sold in what turned out to be a lull in the market.
afoley947
I've had mine for 2 and i can't afford to buy it now. Increases 150% already
CJAW
I've had mine for about 7 years and it's gone up 80% in price
Lostchild12
44 years and has gone up over 5 fold. Retired and taxes + House insurance cost me 1/3rd of my SS.
CJAW
It's a bit of a white elephant, isn't it?
Dalael
I bought a townhouse in 2015 for 340k and sold in 2021 for 615k.. fucking ridiculous.
CitizenPrime
Could you afford your house? I mean damn, my house is able to earn more money than I do
afterdarkart
I bought in 2021, 270K for something that was at most, 200K. Whatever. I'm lucky. Appraiser came by this year "Yea its worth 389K now because reasons."
Strategicgnomer
Mine has nearly doubled in just 5 years. It's madness! I think a lot of people misunderstand why that's a bad thing too. If my condo costs +80%, and I want to move into a house and have space for children at some point, every time housing goes up, that possibility gets farther away. I lose money every time my condo gets more expensive, effectively. And our tiny starter condo is WAYYY too small for us. Always was but we had to get in to something or lose out entirely... It's bad for everyone.
meauho
In 4 years mine is 65% higher
notabotandnotnotabot
Doubling in 14 years is about 5% annual growth. You'd make more on average from a mutual fund, but it's still a couple percent a year more than inflation growth which adds up.
Noldona
$145k in 2018, zillow estimates over $300k now, and doesn't account for the upgrades I've done to it in that time.
turboflush
i had my house for 5 years and its worth more then double lol
WorthEveryPenny
7 years. Double
JinxRocks
Parents bought the house i am in now for $140K in 2000. Today, on Zillow, it lists for $390,400. The only places you find around here sub-$200K are bare land priced around $100K per acre. The only reason builders and bankers aren't buying them is because most of them are either too small or between other lots without direct access to a road. Its stupid and insane.
Ididnotknowthatwecouldchangethese
Mine has tripled in 7 years
Evern
Bought my little place in 2019. COVID hit and the prices in this area lost their god damn minds. Value of my place doubled in two years. Two. It’s fallen back slightly now to “just” ridiculous rather than batshit insane.
AK90
My parents bought their house for 300k and now its worth 1.2mil so thats a nice increase xD
thatisntwherethatbelongs
I have had mine for just under 4 and it has nearly doubled in price. If I sold it even with a profit I wouldn’t be able to make a mortgage payment on the worst house in town.
vicvalour
This, what good is it to sell just to buy something else way overpriced? Crash dammit!
AppleJoosh
Yup, the only people doing well in all of this is the piece of shit investment companies.
lenonova
SlutAtNight
I had a house do that in 3.5 years once
BoopedYourSnoot
I bought a house in 2013 for 125k, sold it in 2022 for 215k.
ThePunishersVengefulBrother
Zillow reports that my house should be worth 150% of what I paid for it 3 years ago. I think those reports are BS.
imredheaded
They are surprisingly accurate. When they were in their buying phase they were offering above their estimates too. Market is just insane now
hovelhopper
I bought a house 4 years ago and am having to move for work. The real estate agent estimated my property value about 30% higher than what Zillow did to over double what I paid. The problem is even with this massive check that will allow me to put 40-50% down, the 7% interest rate and higher values nearly triples the mortgage.
Casually
I'm going off of what houses with the same floor plan in my neighborhood have gone for.
ThePunishersVengefulBrother
So, a basis in reality. Nice.
orangeyougladididntsaypoop
Ive had my house for 4 years and it has gone up around 110k
DSREX
15 years and the same thing, it tripled for a short window before going back down to double. Almost all of that in the last 4 years.
LateNightBunnyParty
I've had mine for 6 and it's already doubled! Bought it for $180k, could easily sell it for $360 or more
MeekrabJones
Hell, I bought my house for $121,500 three and a half years ago. It's gone up to about $180,000.
Lethous
Bought mine in 2019 for 144k, it appraises for 225k now, I'm very excited to sell and not have to buy a new home.
BerlinBadger
Atlanta area here, bought 3 years ago and now valued over 250k from what we paid. Keep getting telemarketing calls pushing home equity loans... real PIMA.
SpeerNA
You could sell your house and barely have a down payment for most of California
MeekrabJones
Not like I could afford the mortgage payment in Cali though. I am selling it, but more so I can use the profit to pay off my debts and start a small business. Some of my friends and family have tried to convince me to rent it out, but fuck that. People need home buying options and I'm not going to be another scumbag hoarding properties. Literally just saw someone on a local buy and sell FB group who is doing just that. "I own several apartments and houses with affordable rent! Message me!"
SinisterDuff
Unless this is your second or third home, your not hoarding property. If you own it outright, charge rent at a small percentage above property tax, then stow the rent paid for repairs. Might give someone who can't pass a credit check a decent chance.
fbutt09
Even at the level of two or three properties doesn’t really constitute as hoarding. You can become an accidental landlord via inheritance for example. Hoarding is 10 plus….
MeekrabJones
It's still under mortgage. Either way, I don't want the headache of managing the property and risk a tenant fucking it up to where it's harder to sell. I had roommates for a while that needed somewhere to stay and they almost did that with me still living here, too. If I'm not here, I don't trust randoms not to trash it. I'd rather just let someone buy it.
WhyDoThis
That's it? Mine went for 170k to 340k in two years
MeekrabJones
That's the most conservative estimate. It's also not really premium property.
Slepnair
I think my parents bought our house about 17-18 years ago for around 250. It's doubled too. We kind of want to move, but it's fully paid off and I don't want to have to deal with a mortgage again, or the hassle of trying to find a decent place that's affordable. Though with temps rising, I'm about to say fuck it and move as north as I can since everyone seems to hate the snow.
dieselfury
365k in 2018, 500k on Zillow. Interest rates are over 6.5% too... we refied in 2021 at 2.8%
RosiePeaches23
I bought my house for $110K in 2011. Market Value is $610K. Unbelievable.
AccountCreatedToUpvoteDogs
I've had my house 3 years and it's up 60%.
comacomacomacomachameleon
City does property re-evaluation every 4 years. Local news doing stories of people's home values going up 500% in 4 years. It's insane.
Almaadin
I've owned my house for about three years and it has almost doubled in price.
TheDrunkenWrench
I paid 349k in 2018. My house is now worth roughly 650k. This shit is unsustainable, I couldn't afford to buy my own house today.
oldguyexlurker
Houses we built cheaply, on small lots in 1997 and sold as starter-housing at $60-80k are now on the market as 25-year-old, cheaply built houses, on small lots for... $420,000.
KenKorte
169k townhouse in 2017 valued at 250k+ right now, town of less than 10k people
omegaprimus01
Yeah my house has doubled in price in 5 years.
DoctorEleven
Bought mine outside Detroit (1/2 mile outside legal city limits) for $90k in 2013. 1.18 acres. Sold it in 2021 for $150k. Didn't do a damn thing to it. In fact, the house itself needed more repairs than when I moved in.
OliverKlozoff1269
Paid 64k for ours about 15y ago. It's a 1929 American 4-Square. Needed a bit of work, kitchen cabinets, re did bathroom, painted but overall it was in good condition. Now, my newest tax assessment values it at 121k. Western pa, suburbs, "river town"
Intrspace
What's wrong with the top left one? You guys don't like snow?
MushroomFiend
There's a difference between NJ or PA snow and Buffalo NY snow. I almost said Chicago, but that's cheap for a different reason.
Progen1tus
Looks like the average Canadian winter to me. And it's still over priced here.
maktao
As a tow truck operator with a nearly identical style truck in that photo... I'll take snow over rain any day. Slow is slippery, you get more winchout calls which are fun. And you don't get soaked. All the water is solid, you just brush it off yourself before it has a chance to become a liquid.
arajad
I assumed it meant you lived in the car...
sabrinadiesatdawn
Also, some of the snowiest places are some of the most expensive places.
QuarkCharmer
Keep in mind, the snowy states might be looking better & better as it keeps getting warmer.
dbbbbs
I thought they were recommending the car.
Spiderbutts
I hate chapped lips, cracking knuckle skin, road salt damaging my car, plow drivers fucking up my very visible mailbox, shoveling my driveway for three hours and waking up to it full again, air so cold it hurts to breathe, ice storms, black ice and idiots that can't drive safely.... it's not exactly snow, it's what comes with it, lol
Bhargo
I fucking love snow, something about how it makes everything so quiet. I live next to I-25 in Denver and when it snows I don't hear the assholes racing down it every night
JBhamMER
Cost of frozen pipes isn't fun when Infrastructure isn't built for it.. Ask Northern texans.
TheBigBadBonerBiter
For real. Maybe it's because I'm already used to it being a Midwesterner, but if snow is the only thing stopping you from buying an "affordable" home that's kind of on you.
djzapz
My house was 700k and top left picture is 30% of my life baby.
maktao
Getting stuck in snow? Or pulling people out of snow?
djzapz
Yes
Findrek
After the amount of snow we got in the midwest this last winter, no, I don't like snow. I absolutely hate it.
Noughmad
I like snow for ~30 days of the year. I very much wouldn't like snow for 180 days in a year.
SnarfyMcSnarferson
Yeah but with 180 day snow you get full rivers and water tables
Noughmad
I have that without 180 snow days. The world is not a choice between the top two pictures.
Noughmad
I probably should add, there are no nice under-$200k homes here (Ljubljana), despite the wages being much lower than in the USA. So, yeah, the post is still correct.
BigDaddysMeatWagon
Yeah as a MN resident I'm offended.
Frankasti
I live in Canada with a lot of snow in winters. Houses are minimum double that price.
PackedCatMeowingPowerDensity
I like it, but I can understand when you lose five grand for heating each year. Poorly insulated old shitshow of a house in a cold ass area.
notkvothethebloodless
I'd gladly take snow over fucking desert any day.
SunFart
Oh yeah I love it 180 days of the year where the smog makes it hard to breath
Mhynt
I dunno. I like snow. When I lived in MN it was pretty terrifying a few times when you can't tell if your driving on the shoulder lane. Then again it's nice to be warm inside.
Idontknowwhatimdoingdude
Same. I love walking in the lazily falling snow, that crunching under your feet and feeling completely alone but in a weird comforting way ❄️
nomnamless
Yea snow isn't that bad, sure maybe a few days out of the year it can suck but most states that get lots of snow have the infrastructure to clear the roads in a reasonable time and keep roads fairly drivable. I daily drive my Miata year round in MN. I will take snow covered roads over any of those other things in there pic any day.
Aimlockbelch
Vermonter here. Word.
RevolutionOnHerLips
I live in MPLS and I don't drive and snow is one of the things I hate most about life. lol
nomnamless
lol I'm sure not a huge fan of snow either and last winter really did suck with how much we got. Still most days roads were cleared enough to drive and I would much rather snow and below freezing then 100F+ for a week or more
catzmiyow
Correct!
Xelada
probably a mixture of having to share roads with idiots who can't drive at the best of times, and then having the danger ramped up because there is a little snow; as well as the fact infrastructural problems under snow, ranging from a lack of snow removal, to the power grid going kaput because it got a bit chilly.
Cappinskullz
Those don’t really have anything to do with the housing market. More just the state you live in. Don’t like snow? Move South. Don’t like heat? Move North. Don’t like either? Too bad!
YouThinkThatsBad
Don’t like either? Move to San Francisco or Seattle. Very temperate
Mairoa
The issue is a house under 200k. No dice on the west coast and Seattle gets snow now.
GeneralWho
I don't like snow. It's slick and cold and irritating and it gets everywhere.
DALLASLAVOWNER
still better than glitter
PassiveAgressiveOnion
Star wars on ice
JustinoRey
EMPIRE ON ICE! https://youtu.be/lHw0-6SqecI
Rabidbacon
Hoth
PrepareAMotherfuckerForThisShit
Cold, actually
SPAAAAAAAAAAAAAAAAAAAAACE
Some Like It Hoth
Brhino
Right? Price you pay for not getting those 110+ degree days
n0n53n53
try living in the midwest., you get both sometimes in the same week
itdoesntmatternoneofthismatters
Welcome to MN. -40⁰ to +110⁰. That's 150⁰ temp swing for you math nerds out there.
Frazmatazz
We get both + expensive houses
SaintCody
Ohio here, we get both
OSCgal
Man, some years we get both.
Sallavar
Iowa-Illinois-Indiana band has an annual -30°C to 30°C swing.
YouThinkThatsBad
My first year in Illinois we had -50° wind chill followed by a 50° day the following. It felt like summer.
MapleSyrupMafia
Here in Quebec, we get -35°C (-22F) during winter and 30°C (86F) + humidity during summer. We were close to to 104F for a week or two with humidity last July. But we do have a couple months without mosquitos, so there's that. But it won't stay like that... winters are getting warmer, less snow, more icy rain...
elinveronicap
Not in Canada, and the weather here is less extreme (more like -25C to 28C), but the only time I pray is when the temperature is juuuust around 0C and it's going to snow... or rain. The weather gods rarely listen. This is the past couple of years, I never doubted snow for christmas prior to that.
Jak29
I'm in south Dakota and get both triple digit heat in the summer, and freezing negative weather in the winter. In spite of all of that, THE HOUSING HERE STILL COSTS TOO DAMN MUCH
FrankTheCube
I don’t like shoveling snow or totaling my truck from hitting black ice on the freeway.
poppinfresh1988
Snow blower and chains!
ManByTechnicality
How many times have you totalled your truck?
Ihatenumbersinusernames
Maybe invest in proper winter tyres.
DdCno1
Consider driving something with safer handling. The probability that you don't actually need your truck is very high.
ManByTechnicality
Right? "bUT I nEeD iT tO HaNdLe tHE BaD WeaTHeR!" Dude, if my 2007 Hyundai accent hatchback can handle a snow storm and black ice with its 14" tires, barely 2,000 curb weight, and at most 6 inches of clearance and you can't manage to stay on the road in a truck, Maybe the problem is behind the steering wheel.
dohcohv
My supervisor wrecked his 4WD Tahoe going to work, I made it in my Miata.
Bowchickameowmeoww
Awd is king, 4wd next in line. If you live in areas with snow or poorly designed roads that don’t shed water well they are an absolute must.
ManByTechnicality
AWD is nice, but really anything but RWD with good winter tires will do just fine as long as you actually drive an appropriate speed. The problem ain't so much getting going as it is stopping. And momentum don't give a fuck what you're driving.
DdCno1
There are small hatchbacks, sedans and other cars with four driven wheels. No need for a wasteful truck. I still would only get AWD or 4WD if there's more than one month of deep snow per year. You're wastefully carrying that extra weight around the rest of the year.
swedeonamoose
We call those whoopsie spots or helvetes jävla förbannade kukis.
Snooj
People are downvoting you but I live in Maine and I feel the same way.
netutoring
Northern or Southern?
TheMadRohirrim
Irrelevant. Maine was made up by Stephen King during one of his cocaine binges.
netutoring
....I can see that.
Snooj
Southern. Basically the same but winter is shorter. I travel a lot for work so I'm in the county plenty and no sir, I do not like it. Had to get some last minute hotel reservations once because the road from Houlton to Mars Hill was impassable. High winds made it so they couldn't keep it plowed.
netutoring
Why am I not surprised? I used to have a ton of family up in the county (and I'm pleased you used the correct phrasing!:) ) but they're either no longer around or no longer around, if you follow me. Yeah, people didn't believe me when I said that there were still snowdrifts in late May when I'd visit family in the county.