Re: Home Prices Thoughtd ?

Posted by Sprint 6 on October 31, 2022 at 04:21:53 from (50.104.27.127):

In Reply to: Home Prices Thoughtd ? posted by whizkidkyus on October 30, 2022 at 21:59:52:

I think you're going to have to raise your budget. My area is considered pretty cheap housing, but $80K wouldn't buy what you're after, even in my area. $80K would buy a livable 800 sq.ft. on a postage stamp lot in my little town. If you happened upon what you describe for $80K, it's going to be a gutted shell that needs everything, top to bottom. Even in my area, what you are describing is going to be over $150K, and require major renovations. We paid $80K for our house 21 years ago, and it's probably worth almost $200K at this point.

I feel bad for anyone starting out now. Inflation is killing the American dream. The total number of dollars in circulation has almost doubled in the last 2 years. More supply equals more demand equals high prices. There is a reckoning coming, always is. Saving money in a bank is pointless, also. Personally, I'd invest your money and wait.

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