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Posted on 4/7/23 at 11:58 am to Zachary
400k dollar house is now a timeshare with three weeks of occupancy.
Posted on 4/7/23 at 12:12 pm to RidiculousHype
That’s crazy for that much money. I’m glad I’m out of the house buying market. I don’t miss the subdivision life one bit.
Posted on 4/7/23 at 12:17 pm to Zachary
You can get a high quality 3/2 around 2000 square feet in my market for 300. 400 would get a bigger 4/3 but probably not a new construction home
Posted on 4/7/23 at 12:39 pm to ronricks
If that's what you got out of that statement then you need to be more worried about yourself then what I can afford.
Posted on 4/7/23 at 12:44 pm to Zachary
That would be the lot…if you’re lucky.
Posted on 4/7/23 at 12:58 pm to GREENHEAD22
quote:
If that's what you got out of that statement then you need to be more worried about yourself then what I can afford.
I own a home outright sport. No Mortgage. Only an idiot wants everything to crash just so they can buy a home or 'invest'. You aren't thinking this through very well. The idea that everyone else will be impacted but you won't is just not reality.
This post was edited on 4/7/23 at 2:16 pm
Posted on 4/7/23 at 2:02 pm to Zachary
I do pretty good and have what I think is a super nice 20 year old house that has been updated and it's still not a $400k house, probably not a $350k house.
Posted on 4/7/23 at 2:16 pm to ConfusedHawgInMO
Same here. We built ours in 2013 for just over $300k. I couldn’t afford to do it now based on materials and interest rates. We owned the land outright prior to the house.
Posted on 4/7/23 at 2:31 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.
This. I am in NE AL.
Posted on 4/7/23 at 5:26 pm to Zachary
A shorty DR Horton home stacked so close to others on a single dead end street. Section 8 in 5-10 years
Posted on 4/7/23 at 7:40 pm to Zachary
$400k gets you upper middle in the nicer areas here. These houses were 270-300 when we bought 5 years ago now going $400-450. Pretty much the nicest current development in the area but I am seeing some that could top it in the works as more people move here. If you just want land 100 acres or so can be had in that range
Posted on 4/7/23 at 9:29 pm to Big Scrub TX
quote:
quote:
It’s a tear down or empty lot
or else in a terrible hood
ETA: I just looked - median sale in 2022 for my zip code was $850K.
I just checked our town. Median listing price is $1.9M
We got some OT level homes out here.
Posted on 4/7/23 at 10:22 pm to MSTiger33
You must live in a very exclusive town. Sounds similar to Highland Park, TX.
Posted on 4/7/23 at 10:30 pm to Big Scrub TX
quote:
Am I the only person hoping for an 08 or worse?
No. Tons of people on these boards pull for bad things to happen.
We need something to scare away institutional investors. Entire new construction neighborhoods for rent isn't good for anyone but the fund holding the properties.
Posted on 4/7/23 at 10:33 pm to armsdealer
Problem is that if it crashed, wouldn’t the government just do dumb stuff in response instead of letting the market sort itself out?
Posted on 4/7/23 at 11:10 pm to Zachary
$400k would be a 2500-3000 sq ft upper middle class house in Mobile area.
This post was edited on 4/7/23 at 11:11 pm
Posted on 4/8/23 at 1:44 am to Zachary
Upper middle class.
300-350 is what I’d call middle class in the Tuscaloosa area.
I’ve got 5 currently under contract :)
300-350 is what I’d call middle class in the Tuscaloosa area.
I’ve got 5 currently under contract :)
This post was edited on 4/8/23 at 1:44 am
Posted on 4/8/23 at 7:01 am to GREENHEAD22
quote:
Good chance I will actually, as will the wife. It will reset the market and be a lifetime opportunity for investments, so yes 35 yr old me is hoping for an 08.
The problem that got us here was the returns leading to them being investment properties. Just resting that process fixes nothing.
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