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Leaving out the actual financial information makes this post a little useless. Before I can imagine it, I want to know if I can do this or if I need to be a tru
by fartcannon 5y ago
Leaving out the actual financial information makes this post a little useless. Before I can imagine it, I want to know if I can do this or if I need to be a trust fund baby.
- vehemenz 5y agoAccording to the author, the couple acquired the money within 5 years. So yes, this is a wealthy person building with very few constraints. I mean it's still somewhat interesting vicariously. Kind of like the New York Times' house-hunting section, wherein they pretend that an $800,000 walk-up is an entry-level home.
- tomrod 5y agoMy thoughts exactly. This process seems difficult to understand without understanding the costs involved. Many, many people dream of living in the woods. The costs are usually unknown or prohibitive!
- ttul 5y agoThese kids may not have a trust fund, but to have already bought and sold a Vancouver townhouse with enough equity to buy raw land and build a fairly baller house on it… they definitely had parental help.
- gameman144 5y agoOr are working in highly-paid careers. It's definitely not infeasible for a dual tech income to afford this after an early life saving for it.
- shtopointo 5y agoDude works for slack – a quick search reveals that he was one of the early employees. I know nothing about him otherwise, but he doesn't have to come from money, being lucky with the IPO could explain the windfall to afford the house. In other news, it looks pretty (and over the top), but I doubt most of us here will ever be able to afford something like this.
- ttul 5y agoAhh, yes. Slack explains it.
- oh_sigh 5y agoIf a couple in their 30s with 2 children are kids...what do you consider adults? Also, I'm approximately their same demographic and could afford to build a house like this if the other estimates in this thread are approximate, and have literally not taken a penny from my parents, or used their resources(which are scant - I was paid more my first job out of college than both my parents combined), since I was 16.
- drBonkers 5y agoOP uses 'kids' to imply maturity, not age.
- oh_sigh 5y agoThere's nothing less mature than raising children and overseeing your home's construction, while holding down a full time job.
- JaimeThompson 5y agoTheir lack of mature shows when they talk about being concerned about the environment then using so much power to run their house.
- googlryas 5y agoThe source of the power is important. Are they kids if they care about the environment and pay for 400A service of renewable energy? Is there anyone in America or Canada who cares about the environment, who is not a kid by your standard? I know a bunch of people who claim to care about the environment, but they still eat meat, drive ICE cars, have children, use ridiculous amounts of power compared to the global average, and do many of the normal things North Americans do. I still believe they care about the environment though.
- JaimeThompson 5y agoThey have a large propane generator to provide supplemental power when the 400A service isn't enough, such generators typically do not have advanced pollution control / carbon capture devices attached. This, combined with the design of the building, is evidence their care doesn't extend to action in this instance.
- Scoundreller 5y ago> Vancouver townhouse > enough equity to buy raw land and build a fairly baller house on it Sounds about right for Vancouver property market.
- dleslie 5y agoIf you bought a house _anywhere_ in Metro Vancouver and held it for ten years, you could likely finance this project if you sold it now.
- odonnellryan 5y agoYou would have net $3m+ on any of those homes?
- dleslie 5y agoYou don't need the full value to finance a $3M project; the author mentioned a mortgage.
- odonnellryan 5y agoSure...
- rglover 5y agoAssuming they hired an architect and had hired labor build it (and put Feist lyrics at the bottom of the post), easily in the multi-million dollar range considering the location. That said, it doesn't have to be that way. I'm building a house up in the mountains at the moment. Found ~3 acres for 12k and I'm doing the land clearing and build mostly by myself on the weekends to keep costs down. My current guess is final costs w/ out-of-pocket financing (goal is to do it debt-free so I own house and land outright when I finish) will be somewhere between $250k-$350k, including the land price (maybe a bit higher as material prices fluctuate). If you're patient and willing to make adjustments elsewhere in your life, you can do it. If you're just building a simple house, too, and not a Dwell photoshoot, you'd be surprised at what you can accomplish.
- fartcannon 5y ago3 acres for 12k? Where? That's incredible. Well done!
- rglover 5y agoTennessee.
- fartcannon 5y agoI see. I don't think you could buy a temporary ice fishing hut for 12k in Canada.
- Scoundreller 5y agoBut you can live on the lake rent-free for several months of the year if you go north enough. What’s that worth to you?
- mod 5y agoIn case anyone else thinks that's crazy, I bought 40 acres in the Ozarks with a (manufactured) home, a shop, a 52x14 storage building, and a few other outbuildings. The land was mostly wooded, with a few acres in use for a garden. $60,000 in 2015 Details: 1 hour from walmart, 35 minutes from the grocery, 5 miles from pavement, zero stoplights in my county, no zoning at all (build anything you want). But a nicely-kept dirt road, plenty of people living in the area, etc.
- newhouseb 5y agoI would guess construction costs for this home would be around $2MM including labor, materials and management overhead, but excluding land. Source: am finishing up a home at a similar finish-level at a similar size, although not quite as fancy as this I don't think.
- jypepin 5y agothis seems accurate source: We're currently working with an architect on a similar project.
- deleted 5y ago[deleted]
- mritchie712 5y agoI thought you made this username for your "new house". I was wrong.
- georgewfraser 5y agoIt’s at least $1,000/sqft all-in. Construction costs have gone up a lot in recent years, and architecturally designed houses like this are expensive to design and build.
- jeffbee 5y agoThe post says they own a duplex in Vancouver, the most expensive housing market on Earth. This is where your rents are going if you are a family renting a flat in Vancouver for $4500/month: for these people to pave over some remaining BC forests.
- hinkley 5y agoThis is one of those, "If you have to ask, you can't afford it." situations for sure.
- deleted 5y ago[deleted]