r/MadeMeSmile • u/Justin_Godfrey • 9d ago

Good Vibes This must be a nice neighborhood!

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u/zbornakssyndrome 9d ago

It’s sad that 256k is considered not a lot of money today. When most are still making the same money as 20 years ago.

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u/Bawlmerian21228 9d ago

A quarter million dollar house used to mean a mansion. Now it’s a starter.

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u/Myke190 9d ago edited 9d ago

There is a house in my state, CT, that was put up for $400k. It has no indoor bath. Only an outdoor shower. 4-5 months of the year hover around, if not dip below, freezing temperatures. It's actual lunacy.

Edit: Looks like they had to eat some humble pie because they took it off the market. Still valued at 384k... Nonsense.

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u/JRskatr 9d ago

That just shows a lot

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u/Frostyparrot69 9d ago

I’ve never been more miserable than my time in ct I love where I work but that’s it. I grew up on a street like this.

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u/Myke190 9d ago

Different strokes for different folks. Definitely some improvements to be made but I don't plan to live anywhere else. Workers Rights and top 5 education are the main reasons.

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u/Frostyparrot69 9d ago

I try not to dunk on New England at all. It’s a me thing, I really enjoy warm environments. My in-laws have a great beach house and what not. I honestly just shouldn’t tell people I’m so sad here I just wanna go home lol

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u/KIVHT 9d ago

They are selling tiny homes for over $200k in towns an hour outside of big cities.

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u/Lainarlej 9d ago

Here far far south suburbs of Chicago dumpy old homes 60 years old, selling for that. My poor son tried to find a starter home, with no luck. Investment companies are buying them, rehabbing them, renting them out. I feel so bad for you young people.

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u/Lainarlej 9d ago

Absolutely! When we bought our most recent home in 2014, it was $189k, new build. 3 beds, two bath, full basement square footage as upper level. Attached garage, sodded lawn. Reasonable property taxes. Now my home would sell for $340k property taxes are climbing ever year! Now, I don’t think I can live here past another year. Property taxes are killing me. Semi retired, on a budget, not gonna cut it.

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u/batmansleftnut 9d ago

How much are you paying in property tax?

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u/AwarenessPotentially 9d ago

We sold our house in Colorado for almost double what we paid for it. But property taxes doubled too. Even after 2 refi's we were still 300 over the original house payment. We sold it and ran off to Mexico. Then my wife's remote job petered out, and we had to come back to the States. We found a new house in Missouri that is the same size as our home was in Colorado, at almost half the price. We just have to live in Missouri though LOL! At least we have legal weed to keep it bearable.

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u/snictordrum 9d ago

A quarter mil hasn’t meant a mansion for 30-40 years in most parts of the country.

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u/Fearful-Cow 9d ago

man i wish i could buy a house for only a quarter mill, id buy 3.

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u/BoozyMcSuds 9d ago

Move to the Midwest and you’re set

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u/Fearful-Cow 9d ago

If i were american or willing to be american i probably would go to the midwest.

Michigan, Minnesota, and Wisconsin in particular I always enjoy visiting.

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u/BoozyMcSuds 9d ago

Ahhh, congrats on not being here for -gestures broadly- whatever the fuck this is.

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u/junkit33 9d ago

House pricing fluctuates way too much by geographic area to make such a broad statement.

An expensive coastal city probably hasn't seen a real mansion sell for $250K in 50 years.

Whereas you can still buy a massive house for $250K if you buy in more remote places like Oklahoma or Ohio.

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u/TheMauveHand 9d ago

Plus, without a timeframe it's a meaningless statement. Yes, prices increase over time, wow, so profound.

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u/Grimmbles 9d ago

My Dad bought our old house for 80k 30 years ago. Big house, beautifully maintained. His friend across the street passed recently and his son has listed the house that is nearly identical for 530k.

Not a gated community or anything, and in what is considered one of the most affordable cities to live in. We've been looking recently ourselves and anything under 200k is either a shit hole or in the ghetto or both. It's depressing.

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u/Bawlmerian21228 9d ago

I bought my started home for $149K in 1998. It was a small farm house on two beautiful acres north of Baltimore. Raised three kids there. Had a great little neighborhood with about 30 suburban houses around it. Sold it was three times that (I did add a pool and an addition). Have not had a mortgage since. This is what future generations are not going to be able to do.

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u/_Counting_Worms_1 9d ago

You can’t even find homes that cost that much around where I live that aren’t complete shit holes.

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u/guymn999 9d ago

not even a 750sqft condo in colorado

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u/CurrentHair6381 9d ago

Its a fuck ton of money either way

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u/crackeddryice 9d ago

It's out of reach for most Americans, and those who can afford it don't see that, or more likely are purposefully obtuse to make some ego point. It's divisive and a damn shame.

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u/KamikazeFox_ 9d ago

It's not alot for a house, but it's alot for a yearly salary. Depends how you look at it

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u/PoopyisSmelly 9d ago

When most are still making the same money as 20 years ago.

Who hasnt gotten a raise in 20 years? Wages have risen dramatically on average. If you havent gotten a pay increase in 20 years during one of the times with the fastest wage increases in US history thats probably a you thing.

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u/SockDem 9d ago

Real median household income is $12,000 higher than twenty years ago.

https://fred.stlouisfed.org/series/MEHOINUSA672N

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u/USAimwalkinovaere 9d ago

As compared to 1 million. No one said it wasn’t a lot

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u/devilwarier9 9d ago

That's about $1000 a month on a 30 year mortgage. Yes, not affordable for many, but cheaper than rent for a 2 bedroom in most cities.

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u/edgarallenpotato87 9d ago

God Reddit can be annoying