Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Millennials are snatching up ‘cheap old houses’ via Instagram
NY Post ^ | By Shayne Benowitz August 5, 2020 | 11:38pm | Updated

Posted on 08/06/2020 10:21:03 AM PDT by Red Badger

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-91 next last
To: Red Badger
Having owned five old houses in a small town, I can assure you that the "price of admission" to the "Old House Club" is low, but the dirty secret is that it costs AT LEAST twice the purchase price to get to the point of pride that most homeowners like. And, most of the work that needs to be done doesn't even show! By the time you can decorate, it is usually piecemeal and settling for less than you would like.

The Millennials will be inheriting The Great Transfer of funds from their parents and grandparents and will be able then, probably in 10-15 years, to get the houses finished, or move on to something easier.

61 posted on 08/06/2020 11:49:01 AM PDT by MHT
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jane Long

Missouri has thousands of houses that need love... Adopt one and its in a Red State. Perhaps even the home of future President Hawley!


62 posted on 08/06/2020 11:54:08 AM PDT by MHT
[ Post Reply | Private Reply | To 60 | View Replies]

To: Jane Long

https://www.cheapoldhouses.com/


63 posted on 08/06/2020 12:00:48 PM PDT by Red Badger (To a liberal, 9-11 was 'illegal fireworks activity'...........................)
[ Post Reply | Private Reply | To 60 | View Replies]

To: mylife
Cheap houses come with a price.

True wisdom. My dad always told me the most expensive car he owned as a teen was the cheapest one he ever bought.

64 posted on 08/06/2020 12:09:25 PM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: IYAS9YAS

I know a guy that got one hell of a deal on a jaguar /s


65 posted on 08/06/2020 12:10:34 PM PDT by mylife (Opinions: $1, Today's Special: Half Baked: 50c)
[ Post Reply | Private Reply | To 64 | View Replies]

To: wally_bert

“A problem (of so many) I have is being picky about getting as much right as I can”

The problem I have. Too much of a perfectionist. My latest car build project I have $80k just in the paint job. Biggest mistake I have ever made. I will easily have $175k in the car by the time it is done and will never be able to sell it for that.

Oh well Always wanted a high end build.


66 posted on 08/06/2020 12:12:44 PM PDT by setter
[ Post Reply | Private Reply | To 59 | View Replies]

To: Red Badger

Betsy Sweeny won’t be smiling when she is raped and murdered in that hood house (God forbid). There is a damn good reason no one else bought it.


67 posted on 08/06/2020 12:19:44 PM PDT by montag813 (Nonsenze)
[ Post Reply | Private Reply | To 1 | View Replies]

To: setter

I can’t comprehend spending on that level. That hurts thinking about it.

Tomorrow, I go and gulp to pay for a powder coated chassis and an assortment of smaller stuff.

Looking forward to it though.

Tearing down that far wasn’t the original plan but I kept finding things rusted, bent, or bad shape.

The price of vintage Willys and AMC jeep.


68 posted on 08/06/2020 12:29:08 PM PDT by wally_bert (Transmission tone, Selma.)
[ Post Reply | Private Reply | To 66 | View Replies]

To: Red Badger

if this girl can find a man or several that know drywall, plumbing, electrical & carpentry...she will be in good shape.
We are on year 4 on our very old house in Tyler (mid 1800’s) but my hubby is a German blooded dude that can do it all.
Last weekend he had to belly crawl like an inch worm under the house to chip away at packed earth blocking his path to installing another pier in the kitchen area of the home. He was so whipped that after working at his job the following day he did not speak for 24 hours. He will be chipping away at the earth high spot for the next few weekends. Not for everyone!


69 posted on 08/06/2020 12:42:23 PM PDT by magna carta (TX all you have to do is send an email to principal with a witness included on the communication.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 11th_VA

Ha ha! Bingo!


70 posted on 08/06/2020 12:42:41 PM PDT by silverleaf (Great Things Never Come from Comfort Zones)
[ Post Reply | Private Reply | To 2 | View Replies]

To: magna carta
if this girl can find a man or several that know drywall, plumbing, electrical & carpentry...she will be in good shape.

Any Home Depot parking lot at 6 AM..................

71 posted on 08/06/2020 12:44:09 PM PDT by Red Badger (To a liberal, 9-11 was 'illegal fireworks activity'...........................)
[ Post Reply | Private Reply | To 69 | View Replies]

To: magna carta

Oh, and she needs to brush up on her Spanish...........


72 posted on 08/06/2020 12:44:45 PM PDT by Red Badger (To a liberal, 9-11 was 'illegal fireworks activity'...........................)
[ Post Reply | Private Reply | To 69 | View Replies]

To: MHT; Red Badger

Nice!!

Thank you.


73 posted on 08/06/2020 12:45:13 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
[ Post Reply | Private Reply | To 62 | View Replies]

To: 11th_VA

“they can get married.”

replace with:

“they can get married and have sex.”


74 posted on 08/06/2020 12:54:32 PM PDT by alternatives? (If our borders are not secure, why fund an army?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Badger
, purchasing a “cheap old house” in a small town or rural area is becoming an increasingly alluring pathway for some millennials.

Why pay $2500 monthly rent in a city when you can but a nice house for $2500/month outside the city? I guess the only downside is that you are further away when you order UBER eats and you might have to mow your lawn.

75 posted on 08/06/2020 12:56:50 PM PDT by 1Old Pro (#openupstateny)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

I have always wanted a brick Victorian home to restore because the painting of a wood one would be never ending. In looking at the picture it looks like the bricks are disintegrating. Not sure how you fix that. Also, as people have said, the neighborhood is everything.


76 posted on 08/06/2020 12:59:05 PM PDT by alternatives? (If our borders are not secure, why fund an army?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: alternatives?

https://www.familyhandyman.com/project/how-to-repair-mortar-joints/


77 posted on 08/06/2020 1:00:48 PM PDT by Red Badger (To a liberal, 9-11 was 'illegal fireworks activity'...........................)
[ Post Reply | Private Reply | To 76 | View Replies]

To: RainMan

...I would estimate over $120K.


Spent 45 years enslaved to a 120-year-old farm house and renovated (by us) barn-into-studio. We did most of the work (not the kitchen, plumbing, or electric)ourselves.

SOMETHING is always going wrong and needs more time/money.

It was a labor of love and the day we sold it, I had mixed feelings. More so for my husband who did the carpentry, the roofing, decks, added a 3-season room, redid floors (down to the cellar, in 2 instances, added hardwood in 2 instances,had to level another and vinyl tile on 2 others). His nostalgia lasted longer than mine, but we also downsized acreage, so the mowing is reduced A LOT and the snow shoveling will be. We have trash collection and the cost is worth not going to the dump every week. We went from propane and wood to just propane, so another tranche of chores is gone.

I am happy with the changes, although I could always use some more room for storage. Cleaning is fast and without wood heat, everything stays cleaner and I do not miss the sour smell of the wood stove in the summer, even after cleaning.

DH is already planning projects for the garage and the land, but I would not return at this stage of life to the constant maintenance, the constant cleaning, the residue of 108 years of wood heat and just the dread of which part of the buildings will fail next.

Over time, they are going to put closer to $350k into the place. It will be less painful done over time and if they are lucky, they will break even in 40 years. It will look like a huge profit, but costed out with inflation, it will be a wash. Except for the taxes, of course. Those will go up.

But they are young and so, they will enjoy it.


78 posted on 08/06/2020 1:01:39 PM PDT by reformedliberal (Make yourself less available.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Red Badger

Most houses are cheap because of their location. No amount of reno is worth it. Learned that the hard way myself.


79 posted on 08/06/2020 1:05:09 PM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PeterPrinciple

takes considerable skill to end one.

_________________________________

Some never end.


80 posted on 08/06/2020 1:06:19 PM PDT by reformedliberal (Make yourself less available.)
[ Post Reply | Private Reply | To 47 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-91 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson