Personal Finance

3861 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

287

Salary Needed To Buy a Home In The US (reddthat.com)

submitted 1 year ago by [email protected] to c/[email protected]

100 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago (1 children)

Hey, that's called a fixer-upper!

[–] [email protected] 3 points 1 year ago

That's honestly what's been happening. When we were shopping around there, I'd been seeing neighborhoods being fixed up one by one by contractors, because you've been able to buy places for literally $1k, and have been selling for $250k. It's pretty wild to see, especially when some of these neighborhoods get completely gentrified and suddenly all the houses jump up another $100k. You'll see a neighborhood of houses that might have a couple sales for $20-50k, and then 1-2 of the renovated ones selling for ~$200k, and literally on the other side of the road those exact same homes are going for $300-400k.