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Started By
Message
Where you live, is a $400k house...
Posted on 4/6/23 at 7:30 pm
Posted on 4/6/23 at 7:30 pm
... average, or middle class?
A starter?
Upper-middle-class?
Other?
A starter?
Upper-middle-class?
Other?
40
Posted on 4/6/23 at 7:36 pm to Zachary
It’s a tear down or empty lot
Posted on 4/6/23 at 7:37 pm to Zachary
10 years ago- start of the luxury market.
5 years ago- upper middle
Today- very nice starter home or decent second home.
5 years ago- upper middle
Today- very nice starter home or decent second home.
Posted on 4/6/23 at 7:43 pm to Zachary
Nonexistent
Posted on 4/6/23 at 7:47 pm to Zachary
It’s a normal middle class house. 4 bedroom 2 bath. 2000 sq feet
With rising interest rates that price range is quickly becoming upper middle class
With rising interest rates that price range is quickly becoming upper middle class
Posted on 4/6/23 at 7:48 pm to Billy Blanks
quote:
start of the luxury market.
Depending on the market, I could see this topping 800k very soon if it hasn’t already happened.
Posted on 4/6/23 at 8:09 pm to Zachary
Not even a lot
Posted on 4/6/23 at 8:09 pm to Zachary
quote:
A starter
Posted on 4/6/23 at 8:14 pm to Billy Blanks
quote:
10 years ago- start of the luxury market.
5 years ago- upper middle
Today- very nice starter home or decent second home.
Yup! It's lower middle class now.
Posted on 4/6/23 at 8:27 pm to Zachary
Upper Middle Class. But my 200k house is a 300k house in less than 4 years. So who knows.
Posted on 4/6/23 at 8:29 pm to Zachary
There is no such thing where I live
Posted on 4/6/23 at 8:50 pm to Zachary
Ghetto unfortunately. Too hard to find.
It's not a sustainable market here.
It's not a sustainable market here.
This post was edited on 4/6/23 at 8:52 pm
Posted on 4/6/23 at 9:26 pm to Zachary
Tear down in old metairie if you can even find a lot for 400k. Depending how close to the country club, tear downs can run 2M+
Posted on 4/6/23 at 9:40 pm to Old Money
I live in an area where home prices have shot up over the last 10 years.
When I drive down street where the homes are worth 300k it’s looks like working class folks and their cars (not that there is anything wrong with blue collar work). My questions is, are people like that really able to afford 300k house notes? I realize some trades pay well, but still.
If you go to 400-500k streets it looks like lower middle class.
Maybe it’s still people who have lived in these homes since they were 150k?
I don’t have the answers.
When I drive down street where the homes are worth 300k it’s looks like working class folks and their cars (not that there is anything wrong with blue collar work). My questions is, are people like that really able to afford 300k house notes? I realize some trades pay well, but still.
If you go to 400-500k streets it looks like lower middle class.
Maybe it’s still people who have lived in these homes since they were 150k?
I don’t have the answers.
This post was edited on 4/6/23 at 9:42 pm
Posted on 4/6/23 at 9:55 pm to BearsFan
Most people are paying notes way less than what someone buying a house at today’s rates would pay.
Posted on 4/6/23 at 10:24 pm to Zachary
I don't think you can find a house you would want to live in in Santa Fe these days for $400k.
Posted on 4/6/23 at 10:58 pm to dandan
quote:or else in a terrible hood
It’s a tear down or empty lot
ETA: I just looked - median sale in 2022 for my zip code was $850K.
This post was edited on 4/6/23 at 10:59 pm
Posted on 4/6/23 at 11:04 pm to tirebiter
Am I the only person hoping for an 08 or worse?
Posted on 4/6/23 at 11:17 pm to GREENHEAD22
quote:No. Tons of people on these boards pull for bad things to happen.
Am I the only person hoping for an 08 or worse?
Posted on 4/6/23 at 11:47 pm to Zachary
Upper middle class in the county I live in now, if you're talking about a house in a subdivision.
If you go out in the cattle country where I live and have a few hundred acres, then you're WAY over that amount. 4 times that amount, easily.
I had a house in El Segundo, CA where I used to live and the market was over $1 million for a tiny house on a tiny lot.
If you go out in the cattle country where I live and have a few hundred acres, then you're WAY over that amount. 4 times that amount, easily.
I had a house in El Segundo, CA where I used to live and the market was over $1 million for a tiny house on a tiny lot.
This post was edited on 4/6/23 at 11:50 pm
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