>1.2 million for a starter home
how is anybody supposed to afford this?
3br/2ba colonial if fucking Newport? For that market, $1.5m is pretty good. On the flip side, a town like Irmo, SC, for $1.5 m you can get a fucking 5/3 with 2800sf on 5 acres lakeside. It's all market.
>Also, "starter home" is a bullshit term that realtors created to fleece dumbasses into thinking that they MUST buy bigger as they become more successful.
That's an old listing, that shit gets floated around like a meme. That house sold a long time ago btw.
My parents bought a place on Martha's Vineyard and paid $4.9 Million but that's the price of houses there. They could have bought a whole shopping complex for that in Montana or dozens of houses in North Dakota. It's all about where you want to live, so if this house is too expensive for you then you should move to where you can afford to live.
I've lived in very poor areas, and rich areas.
Rich areas, no one bothers you, everyone has a job, goes to work, or old retired people, don't bother anyone.
Poor areas, people drink on the stoop all day, cause trouble, throw beer bottles into your yard when they know you are at work... do drugs, throw empty bags of weed and meth everywhere,
I can tell you are what, 16, living in a nice middle uper class neighbourhood.
because If I sent you to where I grew up you'd say 'holy shit I want to go back to newport'
Yeah. I grew up in a really bad ghetto.
I got a job, and a roomate, and moved into a poor area.
It got better- the people are more respectable, better place to live.
Then I bought a middle class home in a nice middle class neighborhood.
It was pretty nice. Still too much noise, music, people shouting outside on friday night, that kind of thing.
Now I live in a rich area, and it's perfect
The richer you are, the richer the people who live next to you, and well, the better your life
When prices start to get that fucking high it seems to me it simply has to be cheaper to build yourself. If you have the skills to do some of the work yourself even better.
Sad to see it took only 7 years to forget all lessons from 2008. Real estate bubble and huge loans. Wonder when the time to start shorting bank stocks will come, gotta be soon.
That's true. I've had dreams of building houses that are basically bunkers. Steel and concrete and granite. I feel like you should be able to make a ton of money but most decisions regarding buying houses are made by women and it probably wouldn't work out even though I think it's cool as fuck.
Enjoy getting cucked by Jews and buying these overpriced houses. I found a 6 room $400k house in LA, stay jelly.
Should I buy this instead?
There's a reason that shit be cheap, yo.
why buy a house when I could rent a place for 300 a week (including water/power/net) at a prime location for 30+ years with the same money? all while having the option to move whenever i want.
that´s a big rip off.. in my country you can buy a villa with 10 bedroom and a swimming pool for that money..
Virtually every house in western Europe is made of stone.. and usually they are warm and comfy as fuck...
This bothers me so much. American houses are cheap garbage. The thought of spending my life to pay off some wooden piece of shit that's going to rot and fall apart in 60 years is infuriating.
In my country (Malta)there are plenty of properties and houses that are easily 5/600 years old and they still don´t fall apart.... not joking
that's because that is the worth of the house, but the 1.2 mil price tag isn't for the house but the location.
i mean is this thread filled with underage retards that never bought property?
>me and wife live in Centennial, CO own a beautiful home
>I own a small business and few years ago we opened an accounting firm for her and the investment is really starting to pay off
>always liked Boulder, waking up to the mountains in your backyard
>look at homes around the size of ours but with a little more land for some good old fashioned fun
We're going to have to wait a little while longer.
>insulating the inside face of brick walls on an existing property
Kiss goodbye to 10% of your floor area. Just pack a shitload of insulation into the roof and get double-glazing. The additional efficiencies of insulating the walls are unlikely to be worth it.
This is why you put your insulation on the outside of the stone or concrete. This gives you enormous thermal mass, meaning that the house will have a fucking stable temperature, warm in winter, cool in summer. Design it right and you can get enough warmth through South-facing windows that you may never need to turn on the heating. The main reason for not doing this though is because it's fucking astronomically expensive compared to lightweight construction.
>the pile of bricks and timber is what's worth the money, not the land its sitting on
No, anon, you are the retard. Highly variable land value depending on location has been a basic economic fact for the entirety of human civilisation.
>build wooden house
>maintain it for hundreds of years
>wood eventually petrifies
>stable, long-lasting house
Jesus, I knew amerifats were stupid, but this is just basic stuff.
Round where I live prices are in the region of £1000/sqft (that's about $1500 in American). Puts a small 2-bed flat on about £700000, and this in an up-and-coming part of town. That's London for you though.
Honestly banks are gonna be in huge trouble once they realize millennials don't have the money or the desire to own a house at these prices
They'll probably try predatory lending with some biracial hipsters selling it to us on a commercial that we adblocked anyway.
It'll collapse and we'll buy it once prices hit realistic levels
In an isolated economy that'd work, but not so much in a global economy. China is utterly fucked and panicking, and if the top 10% of the Chinese population (the actually wealthy ones) deal in real estate, and only 10% of those deal in US real estate, that's 13 million investors.
China's hard-on for housing is gonna keep the boat chugging along until we're too old to care
Is it just me or are there more based /pol/acks here than I thought?