$500,000 home?
What are these people smoking?
I know. That is barely a starter home these days.
Mid-tier quality new home construction in mid-Michigan is going for $250 sq/ft.
1,800 sq. ft. home is $450,000.
“$500,000 home? What are these people smoking?”
What do you mean. In Denver, the medium house is over $600,000, and that is for a small house.
dont know, but where I live a 4 bed 3 bath starts near there (475 +) and thats a 70s build, and they are selling almost as fast as they hit market. Another locality near me is selling 3/1 “teardowns” from the 40s and 50s starting in the mid 400’s, and they are sold within hours of listing.
That’s lower middle range where I live
My parents and most of the relatives all bought homes under $50,000 in the late 50’s early 60’s. One built a custom home on 2.5 acres in Rancho Palos Verdes in California for $53,000. It sold for $2.2 million in 2021. My parents in Minnesota had a custom built 6,000sq/ft+ home that had a main floor with 3 bedrooms, 2 baths and had 2 bedrooms in the roof with a bath and a walk in attic and the basement with a bedroom and bath open to the backyard next to a creek and a block away was a few thousand acres of empty land with a pond (still there too).
In CA. The average home costs well over $600,000 hell in Brooklyn NY a one bedroom one bath condo is easily $500,000 PLUS you have at least a 500.00 a month common maintenance fee AND every damn place has bars on ALL the windows and are shit pits!! I honestly can’t believe ANYONE would want to live in NY!!!