Re:House Costs Just $20k-But It’s Nicer Than Yours
by zorak8me on Friday August 21, 2020 @12:10PM
(#24236097)
> If you go out to the middle of nowhere, you can get huge, and amazing, homes for less that $100k (because no one wants to live there).
Median home prices in flyover country start at $100K (West Virginia) and max out around $300K (Colorado, Nevada, etc.). "Huge and amazing" is probably 3x that.
Re:House Costs Just $20k-But It’s Nicer Than Yours
by olliej on Monday August 24, 2020 @03:12AM
(#24258183)
What I’m hearing is that a huge and amazing place is cheaper than many small apartments in the Bay Area :)
Re:House Costs Just $20k-But It’s Nicer Than Yours
by kevindong on Thursday August 20, 2020 @09:56PM
(#24231177)
> If you go out to the middle of nowhere, you can get huge, and amazing, homes for less that $100k (because no one wants to live there).
In flyover country, the land is pretty close to free and typically you can buy the house at a discount to what it would cost to rebuild the same structure.
Re:House Costs Just $20k-But It’s Nicer Than Yours
by rdtwo on Friday August 21, 2020 @11:32AM
(#24235706)
Which is interesting because you can’t build a new house for that price in most urban areas even if land and permits were free. The costs of an ADU are typically in the 150-200k range and once you add permits and sewer it’s easily 200+
Re:House Costs Just $20k-But It’s Nicer Than Yours
by fred_is_fred on Thursday August 20, 2020 @11:19PM
(#24231624)
In the arid west (Colorado) my building permit cost more than the land - and I was in town (30k permit, 20k land). Why? Because the city has to use that money to buy a water right.
That's why rundown, dilapidated, etc "homes" in the Bay Area are so expensive. You're paying for the land. So a $20k home is still going to cost you a stupid amount.
If you go out to the middle of nowhere, you can get huge, and amazing, homes for less that $100k (because no one wants to live there).