Re:Gen Z does not dream of labor
by mrguyorama on Monday April 25, 2022 @04:30PM
(#31160181)
The problem is that a cheaper house in the country no longer has jobs. Americans don't earn enough in average to afford to support local businesses, so every dollar made gets basically exported from the town to walmart or amazon.
That $150k house in the boonies, even if it was built yesterday, has less value, because the community it is in is in the process of dying and has no opportunity. That same house in the same town sold for $60k in 1989, while that very town was much more functional, alive, and happy than it is now.
To compare the 1946 houses location you need to pick something with the same level of amenity, which will be probably a country town.