When we were looking a few years ago, the only thing under $250k was a house built in 1897 that shared the property line with a hoarder shed that had a family of raccoons going in and out while we were looking at it in the middle of the day.
It’s either that, the $500 fixer-upper, or the $800k new construction. And I’m in the Midwest, not even in a high COL area.
And that 800k new place is built like absolute shit. They tossed that up in a couple months. Didn’t even drywall the garage interior. It’s basically a shack.
Affordability is one thing. On the other hand, I think that housing is ridiculously overvalued. No way that a piece of junk is worth half a million. I just can’t stomach what appears to be putting my money in a hole and setting it on fire.
I’m not paying 500k for a “fixer upper” in a shitty neighborhood that sold for 50k 10 years ago.
When we were looking a few years ago, the only thing under $250k was a house built in 1897 that shared the property line with a hoarder shed that had a family of raccoons going in and out while we were looking at it in the middle of the day.
It’s either that, the $500 fixer-upper, or the $800k new construction. And I’m in the Midwest, not even in a high COL area.
And that 800k new place is built like absolute shit. They tossed that up in a couple months. Didn’t even drywall the garage interior. It’s basically a shack.
Affordability is one thing. On the other hand, I think that housing is ridiculously overvalued. No way that a piece of junk is worth half a million. I just can’t stomach what appears to be putting my money in a hole and setting it on fire.