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Joined 2 years ago
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Cake day: June 16th, 2023

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  • This is it, and it’s been happening for years. I had a new home built in 2021 and it’s already appreciated by 25%, and periodically been valued even higher than that. I’m not selling, but that still seems crazy to me.

    Bonus points for the fact the newly built home and land purchase were about the same cost as it would have been to buy an old run down home in the area that would have needed a ton of work and updates. Few people seem to be building new housing, which in conjunction with the corporate housing acquisitions is driving prices way up.




  • This. I make around $125k, and can acknowledge I’m an outlier. Admittedly, I work in the tech field and know plenty of folks probably making more. But it’s not “rich” money, it’s like…. 1990 middle class money, maybe.

    I had a house built in 2021, 1050 sq/ft for a bit over $200k, and even that was only feasible because:

    1. It’s in rural bumfuck
    2. I can work remotely, so the move was possible.
    3. It’s a small house, just me and my wife.
    4. I keep costs low and still live like I make 60-70k.

    If I still had to be tied to the city due to my career, I’m not sure I’d be able to afford it. The cheapest shithole of a place would cost more than twice what I paid for my house, and rent was the same and more. It’s utterly insane. Even moving to a more rural/ex-urban area, buying an old run down house that needed major work would have cost about the same as having my new home built and owning the land under it; it’s crazy.

    I had to wait 11 months for the build to finish but it was worth it, got me out of this insane rat race. I don’t want to care about money, but that’s just life in a capitalist system.