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 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 1 month ago* (last edited 1 month 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

[–] [email protected] 6 points 1 month 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.