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We don't live in 10,000 sq ft, that's just what my new neighbors are building. A lot of it came down to cost. Right now we're in a large home on a large lot in
by ngngngng 6y ago
We don't live in 10,000 sq ft, that's just what my new neighbors are building. A lot of it came down to cost. Right now we're in a large home on a large lot in the woods up in the mountains. For the same money I could have been closer to my office in a home half the size with no yard. Some of this dilemma was caused by anomalies in the market at the time we were shopping. People in suburban areas were listing their houses for FAR above market and no one was buying, the stalemate lasted a while and pushed us rural.
- teekert 6y agoThis is what is happening here in the Netherlands. 10 years ago we wanted a house in a specific neighborhood and it was just out of reach financially. Now I make twice as much and it is still out of reach. We are also considering going more rural, prices are just insane now in and around the cities. But we have hardly any building going on, when a house hits the market sometimes 20-40 couples line up and they make one offer blindly, usually well above what the sellers asked for. It's pretty frustrating, soon started will no longer be able to find a house.
- arethuza 6y agoIn one of the previous housing bubbles (in the run up to the GFC) we had friends who were making offers on properties here in Scotland that were 70% over the asking price and still failing to buy something.