BigBenis@lemmy.world 5 weeks ago
I’ve been house browsing in the Portland area for years and am losing hope of ever being able to afford one. Last year I saw a frame of a house, basically a roof on studs with tarp and plywood as the “walls” being listed for sale. They were asking for $300k.
Seems cheap for land. You must be in a low cost area. I’m reading your post as $300k for a buildable lot in a major city.
Last time I renewed my homeowners insurance, they put full replacement value of my house under $200k, despite the tiny plot of land and overall purchase price being several times that. I wish my town outside Boston had a buildable lot for only $300k
If the house goes for a million an investor could buy it up build a new house for half a mil sell it for 1 mil and profit 200k…
It’s crazy.
yogi_pogi@lemmy.world 5 weeks ago
As someone who lives here:
This is real.
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SLVRDRGN@lemmy.world 5 weeks ago
It has the audacity to include that listing as “a new home”.
LowtierComputer@lemmy.world 5 weeks ago
Wow.
A 5 bedroom, 2 bath with so much natural light! What a steal!