Peabody said:
It would have been interesting to see what the property taxes are on these places as well.
My oldest son and his wife are doing well, but will inherit two farms at some point, and have some decisions to make.
We realized on our last vacation that, with our savings and what has happened with property values, we could sell our place, buy a very nice one in Aruba, and live like kings the rest of our lives. Hmm.
Mom sold the house and moved to a cottage on the lake because her property taxes were amounting to $500 per month in Westerville.
My brain still thinks $500 a month can get you a two bedroom apartment...
In reply to Pete. (l33t FS) :
I hear ya.
I see ads for new cars and think, that's a mortgage payment.
Per Rocket Homes April 2024 report, $275k or $162/sf in my current zip and $250k or $152/sf in the nearby zip code where my "fixer upper" is that I should be moving into before the end of the year. Southwestern central VA.
Jay_W
SuperDork
6/26/24 8:30 p.m.
Where we're at, it's insane, our house has tripled since we bought it 20 yr ago, but it's not as insane as Vancouver or la-la land. The 900 sqft ww2 era starter house I grew up in in SoCal was 30k in the mid '70's, it's a more than millionbuck house now. How in the world is a starter house going for a mil+? Who's buying a teeny little place for that much? I just don't see how the market is even remotely sustainable.
I'll never forget when I first zillowed that place. a few years ago. One look at the number and I shrieked like a little girl...
Steve_Jones said:
I'm curious of the appreciation rate of a house on a lake, built with hand hewn timbers. I understand it's impressive.
Massive appreciation if you have a timber frame inside AND out.
