Comment on Houses in my area increases 82% in just 4 years

femtech@midwest.social ⁨1⁩ ⁨month⁩ ago

• possiblylinux127@lemmy.zip ⁨1⁩ ⁨month⁩ ago

  What I’m hearing is that houses have the ability to be a great investment.

  Work to get a house and then when you are old and ready to retire you sell and then have a great retirement.

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  • weeeeum@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Where tf do you live then? You’re just gonna need to buy another home

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    • possiblylinux127@lemmy.zip ⁨1⁩ ⁨month⁩ ago

      You downsize to a small apartment for older folks.

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      • femtech@midwest.social ⁨1⁩ ⁨month⁩ ago

        Those cost more than a house! The one my friends dad lived in where it was all in the same building and the staff was there just in case you fell was 4k a month.

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  • Lustrate@lemm.ee ⁨1⁩ ⁨month⁩ ago

    …until you realize that you still need a place to love after retirement, and any house you’re buying will have the same average increase across the board.

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    • possiblylinux127@lemmy.zip ⁨1⁩ ⁨month⁩ ago

      I’m talking much later in life when some of the basic things become a little harder but still doable. You move into an apartment that is for older folks.

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• Kecessa@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  Bought our cottage for 50k at the peak of the rural movement in 2020 after it had been on the market for months, just sold it while the second property market has completely crashed for 130k after putting 10k in it and cleaning the fuck out of the lot (the place was disgusting, I’m talking 90 industrial garbage bags of crap, mostly beer bottles, a couple tons of wood and concrete and so on)…

  Sometimes you’re just lucky and people don’t want to do what’s required to get what their property is worth!

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