The idea that 40 years and this house cost than 10x more?

I know there’s a lot of other factors. I’m just… Sigh.

  • Death_Equity@lemmy.world
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    7 months ago

    There is like a $215k premium over inflation, so without knowing anything else about the house, that is crazy.

    If it had a big plot and was in a low development area that has grown into a high demand area and was drastically modernized, I could see the current price make some sense. It was sold for like 3x the median home price in '68, so I imagine it is over 3k sqft or has a big plot.

    Even considering the variables, it is hard to justify over a $150k premium.