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by jleyank
255 days ago
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I grew up in a 1200 sq ft house with 3 br, one bath and a 1-car garage. Built in 1940. Typical small home for a middle class ish family (us). Now, they’d want a 2200+ sq ft home with 3+ baths, a 2-car garage and parking pad. And people are surprised when much more house costs much more money. Not factoring in the entry of private equity for airbnb or rental. Same amount of land as the lot sized for the older homes were good. Kids had to play somewhere. When people go on about the need for affordable housing, they’re not asking for the 1940 model described above nor for 200 sq ft urban rabbit warrens. They want the big house/good lot house with a good commute for little money. And probably a pony. |
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You must not live in an HCOL area. In my city, a 1000sf 100 year old house, no garage, small lot, is going to run you at least 800k. I would be perfectly happy in one of those houses, but not at that price point.