InsanePeopleFacebook

Upvoted for username. Stayed for the hashtags.

I hate all the negativity here about people just trying to figure all this out and do the right thing.

It’s actually Form 1099½.

Yes, there are areas of the US where those numbers are potentially real. Some of those houses will have multiple bedrooms, updated interiors, and land attached to them for less than 100k. The only catch is that you will have to live in rural bumfuck Oklahoma or somewhere similarly tyrannical and backwards.

If houses are going for $1m+ then you live in a desirable area. I'm in California where housing costs are insane and so many people are threatening to leave never actually do. Maybe housing costs would go down if they actually followed through, but at the end of the day, people really want to live here.

I mean, yes, those numbers are realistic in my area. They're not going to be stellar homes at 100k. Either old, small, or in disrepair (or a combination of those), but they do exist.

From my own experience in my general area, the further away from the metro areas, the better the housing prices. I bought my first 3 bedroom home 8 years ago at 130k, and it was less than 10 years old and a pretty decent single story home. But that was an hour or more to any big city from there.

More recently we bought our current home about 20 minutes from a big city and the prices are probably double for the same level of home in this area. Ours was almost 400k this time, but also an overall better and bigger home. 4 bedrooms, 3.5 bath, 2 story with finished basement, 2 car garage. Though in fairness, there were nicer homes in the area for the same price or even about 50k cheaper but they were in a worse school district and had HOA fees.

There are nicer homes in our neighborhood that are in the ~$1 million dollar realm, but they're big luxury homes.

Also housing prices have dropped in the last couple years around here, but that's only compared to stupid inflated prices they were 2 years ago. In our area in 2022, people were asking for 150% percent the price on homes they bought in 2019-2020 and getting it. Now they're averaging about 12-25% less than that, probably.

I bought mine for $95k like 6 years ago. But it looked like a crack den, had nicotine tar dripping from the walls, and is entirely uninsulated in Minnesota so that might have something to do with the price.

Today it's worth $120k on the low end and it still looks like a place where people turn into missing persons (I did fix the nicotine tar issue though). I live in a pretty damn low COL area so if my house is worth that much then I don't imagine that you'd be able to find a house for $90k anymore anywhere unless it's a meth factory on top of a superfund site or something.

FUCK