606

My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable

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[-] JoMiran@lemmy.ml 43 points 1 day ago* (last edited 1 day ago)

A house in Austin

2018: $275,000
2022: $725,000

Those are actual numbers from East Austin. I believe the 2024 market rate is $625,000 but it hasn't changed hands again so I can't say for certain.

[-] scrubbles@poptalk.scrubbles.tech 14 points 1 day ago* (last edited 1 day ago)

And conservative Texans keep laughing that californians are moving to Texas because "They hate the blue politics", never guessing that they would bring their blue politics and money with them, driving up land value. Definitely not saying that they're bad, but that it's ironic that they didn't think through the consequences

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Is this one of the areas where corps are buying up a shitload of real estate?

[-] mesamunefire@lemmy.world 15 points 1 day ago* (last edited 1 day ago)

If it's on Zillow then yes. The trick is to find houses that are not on MLS/Zillow...but realistically there are none. GL! We got ours wnd in one year it went up 40%in a year.

Also in my area that house is a steal and would have offers before it hit Zillow.

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[-] lud@lemm.ee 12 points 1 day ago

Keep in mind that 4 years ago was COVID times when everything was shit.

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[-] bitwaba@lemmy.world 9 points 1 day ago

Didn't think I'd ever see Waleska on Lemmy... but, yeah. This is just the story all over North Georgia right? No one wanted to live in the mountains until all of the sudden you could work from anywhere. Now everyone earning city and suburb pay is happy to live an hour farther out than they were before.

[-] Glifted@lemmy.world 34 points 2 days ago

My lucky ass bought a house in late 2019. I'm happy I'm making money on it but this doesn't seem healthy

[-] Lost_My_Mind@lemmy.world 15 points 2 days ago

You're right. It's not healthy to profit so much from corporations greed.

Therefore, it's only right that you sell me your house for $1

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[-] Debs@lemmy.zip 17 points 1 day ago

Being able to buy a $200,000 house in the town I live in would change my life so much.

[-] Gingerlegs@lemmy.world 23 points 2 days ago* (last edited 2 days ago)

82%, feel lucky. I bought my house in 2015 for $85k. Last assessment was almost $300k

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[-] Gerudo@lemm.ee 12 points 1 day ago

My janky duct tape together house I bought in 2010, that was built in '58 was 98k. In 12 years I sold it at 280k, with it still technically being out of code. My house was the cheapest sold in the neighborhood, some selling for 320k. It's insane.

[-] Xyphius@lemmy.ca 17 points 2 days ago

Friend of mine was saving up for a house 5 years ago. Prices have gone up almost 150%

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[-] shalafi@lemmy.world 11 points 1 day ago

Y'all realize this is a bubble, right? I almost feel sorry for these investors, gonna have their ass handed to them in the coming decade.

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[-] Magister@lemmy.world 12 points 1 day ago

About everywhere... In Toronto it's now 1 million+. In Vancouver it's now 2 millions+

[-] chonglibloodsport@lemmy.world 13 points 1 day ago

Right but OP is talking about a house in Waleska, Georgia, which has a population of 921 (as of 2020 census). Not really on the same level as Toronto or Vancouver!

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this post was submitted on 03 Nov 2024
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