this post was submitted on 29 Aug 2023
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A Boring Dystopia

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[–] [email protected] 7 points 1 year ago (2 children)

I thought I got hosed 10 years ago but when I look at prices now it is night and day. The demand has pushed people into smaller towns and into the rural areas so now I get to see a modular home that sold for $75,000 10 years ago be listed for $300,000 and sell.

The cost of new houses is not helping and talking with some small scale builders (they can only build 1 or 2 at a time) the cost to build is high enough to give many pause.

This is what happens when real estate becomes your nations biggest industry.

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

I have seen houses prices in some places in USA and property taxes. I hope you have very high salaries ( like more than 3-4 k / month ) . the property taxes sometimes are highter than a rent here ( italy ) in a medium size city. I mean with 6k / year you can rent a 2 room apartment not so far from the city center ( like 15 minutes by car )

[–] lobsticle 1 points 1 year ago (1 children)

Voglio andare e vivere in Italia!

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

The job market is not so good and the salaries are way lower than in usa

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

My buddy is a small scale builder and he's on the sidelines currently. They have a few lots to build on in a subdivision. He's decided not to start for fear that his margin is going to evaporate or worse he's going to have to carry them. Carrying inventory will kill your business as a builder. He's even contemplating selling the lots since there is some cost in taxes and maintenance, though nowhere near the costs of an improved property.