@Buttflapper to

Mildly InfuriatingEnglish • 2 months ago

Houses in my area increases 82% in just 4 years

cross-posted to:
housing_bubble_2

612

Houses in my area increases 82% in just 4 years

@Buttflapper to

Mildly InfuriatingEnglish • 2 months ago

cross-posted to:
housing_bubble_2

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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@PriorityMotif
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English
2•2 months ago
Not exactly a good business strategy. You can deduct the taxes, insurance, management costs, but you have to amoratize depreciation of the building over 28 years. Not to mention that an empty house is going to start developing problems fairly quickly.

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