A Boring Dystopia

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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor' (www.businessinsider.com)

submitted 3 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] AA5B@lemmy.world 11 points 3 months ago* (last edited 3 months ago) (1 children)

Seems cheap for land. You must be in a low cost area. I’m reading your post as $300k for a buildable lot in a major city.

Last time I renewed my homeowners insurance, they put full replacement value of my house under $200k, despite the tiny plot of land and overall purchase price being several times that. I wish my town outside Boston had a buildable lot for only $300k, but the reality is much worse and the house itself is only a fraction of the value

[–] BigBenis@lemmy.world 6 points 3 months ago

It all seems beyond insane to me considering that records show houses in my modest, outer-city neighborhood were selling for around $50k in the early 2000s that now have a market value of over $800k.