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In 1946 that house was in the styx with bugger all facilities and infrastructure about it. Fast forward 76 years of development and that house is now in the cen
by hackerfromthefu 4y ago
In 1946 that house was in the styx with bugger all facilities and infrastructure about it. Fast forward 76 years of development and that house is now in the center of a large city full of facilities and opportunity.
To compare the 1946 houses location you need to pick something with the same level of amenity, which will be probably a country town.
- mrguyorama 4y agoThe problem is that a cheaper house in the country no longer has jobs. Americans don't earn enough in average to afford to support local businesses, so every dollar made gets basically exported from the town to walmart or amazon. That $150k house in the boonies, even if it was built yesterday, has less value, because the community it is in is in the process of dying and has no opportunity. That same house in the same town sold for $60k in 1989, while that very town was much more functional, alive, and happy than it is now.