Quote (RedFromWinter @ Aug 20 2024 03:53am)
Agree entirely, just would add inflation in US has gotten so bad that most consider housing market unattainable now vs unaffordable. I wonder how long an entire generation of our population will last as the goal posts are forever accelerating away from achievable. Specifically, between builders quoting 600 a sq ft for a home and raw acres going up in price 800percent, even owner DIY is unattainable here. Then there is bloated insurances and property tax. My property tax doubled, yet no new county services or the 5 day school we desperately need.
Hope government addresses this, suspect kill dozer feelings on the rise.
Unless its a bubble. I mean, how can it be sustainable? I helped with the sale of a nearby nonwinterized cabin for over $400k. Baseboard heaters, no furnace or stove in a state where it gets -20, doesn't even have window AC since no double hung windows. One story and 1300 sq ft goes for over 400k? Yeah yeah lakeshore. You can't even habitate for 2/3 of a year.
its not mansions going over a million now
The star tribune did a post about the lake minnetonka owners suing each other over a garage addition on their $11.2 million mansion, one the heiress to a shampoo company, the other an NFL star. A poor person working a $15 mcjob saving a generous 15% of their paycheck would take 2400 years to buy their own lakeside palace
This post was edited by Goomshill on Aug 20 2024 03:59am