4 ms·
> If you go out to the middle of nowhere, you can get huge, and amazing, homes for less that $100k (because no one wants to live there). In flyover country, th
by kevindong 6y ago
> If you go out to the middle of nowhere, you can get huge, and amazing, homes for less that $100k (because no one wants to live there).
In flyover country, the land is pretty close to free and typically you can buy the house at a discount to what it would cost to rebuild the same structure.
- fred_is_fred 6y agoIn the arid west (Colorado) my building permit cost more than the land - and I was in town (30k permit, 20k land). Why? Because the city has to use that money to buy a water right.
- olliej 6y agoyeah, there are so many amazing houses that I'd love to own, were they not so far from anywhere useful, which is of course why the buildings/land is affordable :D
- rdtwo 6y agoWhich is interesting because you can’t build a new house for that price in most urban areas even if land and permits were free. The costs of an ADU are typically in the 150-200k range and once you add permits and sewer it’s easily 200+