miss_demeanourJudge’s $1.5m home destroyed in huge fire as her family is rushed to hospital
AlecSadlerThis sucks and all but a $1.5M home? Dayam.
That’s like a 4 bedroom houde these days most places, though idk what SC realty is like
most places in a few large coastal cities
Stop it. Open any real estate site and look for any concentrated listings for homes anywhere in the map, and tell me most 4 bedroom houses are over a million with a straight face.
Real estate is at bubble levels, but it’s absolutely not $1 mil for a 4 bedroom “where most houses are”.
Sure we all make our own assumptions based on our experiences. Here that’s not an expensive house and you’re not going to find many that cheap with four bedrooms. In a lot of places the price is the land and the cost of the house on it is just a small part of what you’d need to pay.
I live in Tampa. Houses around me are getting pulled down and replaced with 1-1.75M houses at a frightening pace. This has to be a bubble, nobody who works here could afford the rent or mortgage on that. Taxes alone on a 1.5M house would be 24,000 per year!
It is a bubble, and we don’t have to go to extremes.
trulia.com/…/8132-brinegar-cir-tampa-fl-33647-666…
This house was on the market for $270k, suddenly it’s vacant and going for $575k. Likely the owners couldn’t keep waiting and sold it to a company that put a fresh coat of paint on it and ballooned the price. It’s still not close to $1, and to pretend like you can’t get a decent house in Tampa for less than a million is just apologizing for rich people.
8132 Brinegar Cir, Tampa, FL 33647 | MLS# TB8434481 | Trulia
8132 Brinegar Cir, Tampa, FL 33647 is a 2,646 sqft, 4 bed, 3 bath Single-Family Home listed for $575,000. One or more photo(s) has been virtually staged. New Tampa Richmond Place Home with NEW ROOF!! Take a look at this lovely...
That’s not even in town, New Tampa is technically part of the city but way north, past parts that are unincorporated and farther than Temple Terrace.
We bought our house a few years ago for nearly 300k, and I was so upset because I thought we were at the top of the bubble then. Like, there is no way a house is worth that, it’s insane. But now a smaller house on our road wants $600k (new coat of paint, as you say) a literal empty lot sold for more than our house cost, and they are building horrifying monstrosities like this, it’s so ugly!
www.zillow.com/homedetails/…/2052977072_zpid/
I am old enough to remember 2 crashes, one I bought my first house, a shithole but so cheap, and then the bank bailout crash. What goes up comes down, and it always begins with the ‘we will buy your house’ flyers in the mail and people saying real estate always goes up.
It’s only a ‘bubble’ if the average idiot stops simping for people richer than them.
So no, it’s not a bubble. This is the new reality where the ownership class continues to own more property and the morons renting can rent for the rest of their stupid lives.
This is the system we’ve built, and now we have to live with it.
These people have never seriously looked at buying a house because they all live in major cities and know they will never be able to afford one there.
They have no life experience then go on the internet and pat each other on the back about it.