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Why is this being downvoted. It's completely correct. The value of a home purchase is not just the building, but the land it sits on. OP got a bigger, more mod
by dlp211 5y ago
Why is this being downvoted. It's completely correct. The value of a home purchase is not just the building, but the land it sits on.
OP got a bigger, more modern house, with a larger yard for less, but it's meaningless until we understand the market circumstances of both homes for sale.
It could be that Zillow is overpriced here, or it could be that Zillow is properly priced, we have no idea from the information provided here.
- ipaddr 5y agoYou missed better location
- dlp211 5y agoBetter location is a completely subjective statement. Show me the comps.
- garbagetime 5y agoBetter location =/= more valuable location
- hackernewds 5y agowhy not?
- dlp211 5y agoBecause better is subjective. NYC has more crime, worst public schools, and smaller homes than a lot of suburbs, but I guarantee that NYC is more expensive. It's an extreme example, but it's not the only example.