• SatanicNotMessianic@lemmy.ml
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    2
    ·
    1 year ago

    From the Bay Area, $1.5M will get you a two bed one bath or three bed 1.5 bath home built in 1925 or so. You can buy in a lower end neighborhood for a little less or a higher end one for a bit more, but the standard is going to be a craftsman home from 1906 with a driveway if you’re lucky.

    I think the graphic also used a 20% down payment and a slightly over 6% mortgage in the calculation.

    I just want to retire and move someplace cheap, like NYC or London.

      • KingJalopy @lemm.ee
        link
        fedilink
        English
        arrow-up
        8
        ·
        edit-2
        1 year ago

        That’s insane to me. I live in Tulsa, OK and bought a nice 2400sq ft home with 4 bedrooms, 2 living rooms, dining room, 2 full baths and garage and in a cul-de-sac for 120k. But the downside is I’m living in Oklahoma…so… Yeah.

        • Trainguyrom@reddthat.com
          link
          fedilink
          English
          arrow-up
          2
          ·
          1 year ago

          I feel that. I got a cute little almost 4 bed, 1.5 bath farm house in a smallish town in Wisconsin for 120k a couple of years ago. When I first moved here I was a shut in and the trade-off of not really having stuff to do out of the house was fine, but now I’m wanting to go enjoy the nightlife, have a good meal that isn’t a bar burger (I can get some damn good bar burgers, but still) and also drive less so we’re looking at moving to a bigger city in the nearish future.

          On the upside thanks to the hyperinflation we’ve been able to get a chunk of equity that’ll help us a lot when we do move

    • Adi2121@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      1 year ago

      Where in the Bay? Here in the Tri-Valley, you can get a 3-4 bed, 2 bath, for 1.5-.8 mil.

      • SatanicNotMessianic@lemmy.ml
        link
        fedilink
        English
        arrow-up
        7
        ·
        1 year ago

        Even in downtown San Jose you’re talking about seven figures for an ancient craftsman with outdated electric and plumbing. Willow Glen, Los Gatos, Cupertino, you’re pushing $2M.

        If you’re willing to commute from way up in the east bay, you can do a bit better, you’re right, but if you’re commuting to a South Bay company you’re paying for it in travel time and stress.

        And tbh, I was stationed for a bit near Dublin. I can’t swear to what the prices are like now, but man, now that I’m out of that line of work I’d choose to live in East SJ or the peninsula instead.

        But those are super reasonable prices, I will happily admit, and if you work in SF the commute might be worth it. We just need much more mass transit.