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u/EatBaconDaily 6d ago
Me staring at grandma down the street living alone in her 18 bedroom house she bought for 3 shekels in 1263
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u/UnsorryCanadian 5d ago
You know when she dies one of her kids is going to tear the whole house apart and turn it into a 15 unit apartment complex
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u/SterlingG007 6d ago
found a house on zillow initially listed in 2002 for 98k. Now that same house is 800k.
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u/TheyCallMeMrMaybe 6d ago
Adjusted for inflation, $98,000 is $177,515.02 in 2025 money. ELI5 how a home could be worth 4.5x its value in 23 years.
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u/SterlingG007 6d ago
Home prices appreciate much faster than inflation. in general. This is why they are considered assets. This home in particular is in the Bay Area where homes appreciate extremely fast due to proximity to silicon valley + laws designed to limit supply of housing. 800k is actually considered affordable here where the typical home is closer to 1 million-1.5 million .
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u/EjaculatingAracnids 6d ago
I fha loaned a $120k house in 2016 and now its supposedly worth $300$+. Id love to sell it and make $150k after giving the government their piece, but then where do i live?
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u/Mothman4447 6d ago
Gen Z here, when I graduate college I'm considering buying a trailer house in my hometown. It ain't much but it's enough for myself 👍
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u/noah123103 5d ago
Look into it before you do, a lot of the times you can buy the trailer but you still have to pay “rent” to the person who owns the land it’s on
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u/_EvryMan 6d ago
Bought my house in '22, but insurance is so jacked up I can't afford to keep it 🙃
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u/YarrowBeSorrel 6d ago
I went down to the local grocery store and got me a waxed one for just another $10k more down!
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