this post was submitted on 18 Oct 2023
271 points (96.6% liked)
Personal Finance
3824 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Interesting that Pittsburgh has a lower median house price than Detroit.
Have you seen Detroit? A third of homes downtown are completely derelict.
Hey, that's called a fixer-upper!
That's honestly what's been happening. When we were shopping around there, I'd been seeing neighborhoods being fixed up one by one by contractors, because you've been able to buy places for literally $1k, and have been selling for $250k. It's pretty wild to see, especially when some of these neighborhoods get completely gentrified and suddenly all the houses jump up another $100k. You'll see a neighborhood of houses that might have a couple sales for $20-50k, and then 1-2 of the renovated ones selling for ~$200k, and literally on the other side of the road those exact same homes are going for $300-400k.
Maybe all those open toilets in the basement are not as appealing as Pittsburghers think they are....