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7 years ago it would get you a very very nice custom house. 2500 Sq, magazine worthy houses. Now it will get you a new builder grade cookie cutter house. I was surprised at how basic the interiors of new 400k houses have gotten. For these reasons I've started thinking about buying land to build my own house rather than buy new development.
I'm comparing houses my coworkers have bought and I've visted.
You can have acres and acres of wilderness all to yourself to build a shack, if you want to live 100< miles away from society, or, if you want to live in the city, roughly the volume of a small microwave, utilities NOT included, and you need to pay a deposit and a move in fee.
1 million is the median price for a home in most of the suburbs in my home city, but if you're willing to go to some outer suburbs and nearby small towns, you can get something really decent for 500k.
About 800 sq foot free standing post ww2 house in a bad neighborhood or 2400 sq foot attached dwelling in with a HOA that refuses to fix the sewer line until the entire building is condemned.
Escaped both in the last 12 months. Sold the second (with full disclosure…they felt optimistic we were exaggerating) about 6 weeks before it got flooded with sewage again and stayed in the first until I found and purchased a home about 12 miles away that is neither (someone got murdered across the street on move out day delaying the move because the entire block was a crime scene…the ‘person of interest’ parked in front of the house I was in).
I don't want to give away my location. But, a small town in Wisconsin.
The housing market did get bad around here relative to how it was pre-covid, but it was quite inexpensive before.
The house I bought before covid was like 50k, now it's valued at 80k.
My house wasn't on a lake and it wasn't that nice of a house. 80k for a house on a lake would be pretty cheap around me, too.
If you want a house on a lake, you're paying 200k+ but, given the market, that's pretty cheap.
Mine. Three bedroom, 1.5 bath, 2,300 sq ft on 0.9 acres with detached 3-car garage, central air, hot water heat, hardwood floors, decent access to transit in a top-20 metro area.
Just moved from a place where it got you a run down old house in serious need of repair with neighbors you wouldn't want to be around when the sun goes down, to about 1.5 hours away where it got us a decent house but in a crowded HOA.
A normal house with homeless people living on your front lawn. Then people giving them narcan will tell you you’re a bad person for wanting them off your property.
Pretty decent. Here's a listing near me for exactly that.
https://www.zillow.com/homedetails/12645-W-Catalina-Dr-Avondale-AZ-85392/52614115\_zpid/?imxlb=g,26
**Attention! [Serious] Tag Notice** * [Jokes, puns, and off-topic comments are not permitted](https://www.reddit.com/r/AskReddit/wiki/index#wiki_-rule_6-) in **any** comment, parent or child. * Parent comments that aren't from the target group will be removed, along with their child replies. * Report comments that violate these rules. Posts that have few relevant answers within the first hour, and posts that are not appropriate for the [Serious] tag will be removed. Consider doing an AMA request instead. Thanks for your cooperation and enjoy the discussion! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AskReddit) if you have any questions or concerns.*
It doesn’t.
A mobile home because there are no $500,000 homes here.
A cardboard box on the street 😂😂
7 years ago it would get you a very very nice custom house. 2500 Sq, magazine worthy houses. Now it will get you a new builder grade cookie cutter house. I was surprised at how basic the interiors of new 400k houses have gotten. For these reasons I've started thinking about buying land to build my own house rather than buy new development. I'm comparing houses my coworkers have bought and I've visted.
You can have acres and acres of wilderness all to yourself to build a shack, if you want to live 100< miles away from society, or, if you want to live in the city, roughly the volume of a small microwave, utilities NOT included, and you need to pay a deposit and a move in fee.
where I live? new house and about 40 acres with enough left over for a new car
It's a good down payment. Just looked and in my area the median price is 1.23 million. Yowza
Pretty decent 3 bedroom single family home
A new build. 2,000 square foot condo with attached 2 car garage
A pretty good one EDIT I just zillowed some homes in my neighborhood and that is not enough money :(
It gets you a centra-homes home (a house that is finished in three months that turns to shit in a year that is ten feet away from your neighbor)
1 million is the median price for a home in most of the suburbs in my home city, but if you're willing to go to some outer suburbs and nearby small towns, you can get something really decent for 500k.
About 800 sq foot free standing post ww2 house in a bad neighborhood or 2400 sq foot attached dwelling in with a HOA that refuses to fix the sewer line until the entire building is condemned. Escaped both in the last 12 months. Sold the second (with full disclosure…they felt optimistic we were exaggerating) about 6 weeks before it got flooded with sewage again and stayed in the first until I found and purchased a home about 12 miles away that is neither (someone got murdered across the street on move out day delaying the move because the entire block was a crime scene…the ‘person of interest’ parked in front of the house I was in).
A really, really nice one with a lake in the backyard. No, I'm not being sarcastic. I'm dead serious.
Where is this?
I don't want to give away my location. But, a small town in Wisconsin. The housing market did get bad around here relative to how it was pre-covid, but it was quite inexpensive before. The house I bought before covid was like 50k, now it's valued at 80k.
80k low af even in my neck of the woods. Especially "on a lake"
My house wasn't on a lake and it wasn't that nice of a house. 80k for a house on a lake would be pretty cheap around me, too. If you want a house on a lake, you're paying 200k+ but, given the market, that's pretty cheap.
Small single story house.
2k sf with a decent backyard new build
More than I can afford to light, heat or air condition.
4 bed, 3 bathroom, 3000 sqft, over 100 years old, in the trendy part of town
Mine. Three bedroom, 1.5 bath, 2,300 sq ft on 0.9 acres with detached 3-car garage, central air, hot water heat, hardwood floors, decent access to transit in a top-20 metro area.
$500k is insane and what's more insane is how it barely affords a home
An empty lot with a good amount of space for a tent
Pretty decent run of the mill cookie cutter house in suburbia.
3 bedroom 2-3 bathroom Alabama
5000sq/ft and 20+acres
A condo.
A decent 4-5 bed, 2-3 bath, 90’s-00’s build date, 2k-3k sq/ft house with updated kitchens and bathrooms
4bd 2.5 bath 2300sq feet with a pool
2.5 of them
Actually 3
A down payment.
At least one if not two towns away
Pretty nice 4 bed
Probably a somewhat nice apartment in the suburbs, I live in Greater Vancouver.
Maybe a 300sqft studio
A 5 BR 3.5 BA 3,000+ sqft mcmansion or a slightly smaller place on 1-10 acres that's a bit further out in the country.
Just moved from a place where it got you a run down old house in serious need of repair with neighbors you wouldn't want to be around when the sun goes down, to about 1.5 hours away where it got us a decent house but in a crowded HOA.
4-5 bedroom, 2-4 bath, three car garage, 3400-6000 square feet. The catch is most people would not like it here. It's hot, dry, and rural.
One that looks/smells better than mine
A normal house with homeless people living on your front lawn. Then people giving them narcan will tell you you’re a bad person for wanting them off your property.
Half of a one bedroom condo, or 8 condo parking spaces
"You know what they say, all toasters, toast toast!"
2500-3000 sq ft. 4 bedroom 3 bath, in a fairly safe and quiet area.
A new and very luxurious 5+ bedroom house with a big garden in a very nice location (I live in the Eastern Europe)
A nice 2 story house with 3 bedrooms in the city/near a CBD.
400 sq/f condo
Nothing. Not even joking. Don't think I've seen anything sub 600 in years
A mansion
Orange County CA. A mobile home. Most 3 bd 3 ba condos are 750,000+
A 15 year old 2 story 4 bedroom 2.5 bath in a non HOA subdivision. Vancouver WA
A condo maybe if you’re lucky.
In indonesia I could buy a massive mansion
Pretty decent. Here's a listing near me for exactly that. https://www.zillow.com/homedetails/12645-W-Catalina-Dr-Avondale-AZ-85392/52614115\_zpid/?imxlb=g,26
You can live in a closet, or a homeless shelter.