4 ms·

If you could buy an acre on $125K~ year - I don’t think you live in hcol.

neogodless 4y ago
It's the most expensive county in this state (due to being outside the biggest city, but close to it, and being a lush, tree-filled area). And home prices are only one factor of a HCOLA area. But by saving up to put a down payment, and getting good interest rates (3.75% initially, refinanced to 2.99%) the overall payment is quite reasonable. Compared to the absolute most expensive places in the country (San Fran/NYC) it is not a "high" cost-of-living, but compared to much of the rest of the country it is. Median home price in the U.S. in 2016 was $225k or so, and our home was $390k. (Sales and value estimates now are approaching $600k for the same comparable homes in this area.)
- pedrosorio 4y ago
  > And home prices are only one factor of a HCOLA area Spoken like someone who doesn't live in a HCOL area
  - neogodless 4y ago
    So... all the other things in my life other than my home that are high-cost... are not high-cost, because of your bizarre comment? That doesn't follow. And my house is high-cost compared to the median. Just not compared to the top x% of the country.
    - bradlys 4y ago
      Again - if you lived in HCOL... You'd understand.
    - twblalock 4y ago
      > So... all the other things in my life other than my home that are high-cost... are not high-cost, because of your bizarre comment? That doesn't follow. Aside from housing and sometimes fuel, almost everything a normal person buys costs about the same everywhere in the country. Cars, TVs, phones, washing machines, clothing, shoes, tools, and so forth are not selling at different MSRP in different parts of the country. In truly high cost of living areas, like Silicon Valley, the down payment for a home is enough money to buy a handful of new cars outright -- literally several hundred thousand dollars. If you live in an area like that, and you can afford a home, almost everything else you buy will be very cheap in comparison.
      - dragonwriter 4y ago
        > Aside from housing and sometimes fuel, almost everything a normal person buys costs about the same everywhere in the country. Lots of common grocery items like milk, eggs, meat, and fresh produce have highly regionally variable pricing. (Highly processed dry and frozen foods tend to be more consistent in pricing.)

It's the most expensive county in this state (due to being outside the biggest city, but close to it, and being a lush, tree-filled area). And home prices are only one factor of a HCOLA area. But by saving up to put a down payment, and getting good interest rates (3.75% initially, refinanced to 2.99%) the overall payment is quite reasonable. Compared to the absolute most expensive places in the country (San Fran/NYC) it is not a "high" cost-of-living, but compared to much of the rest of the country it is. Median home price in the U.S. in 2016 was $225k or so, and our home was $390k. (Sales and value estimates now are approaching $600k for the same comparable homes in this area.)

pedrosorio 4y ago
> And home prices are only one factor of a HCOLA area Spoken like someone who doesn't live in a HCOL area
- neogodless 4y ago
  So... all the other things in my life other than my home that are high-cost... are not high-cost, because of your bizarre comment? That doesn't follow. And my house is high-cost compared to the median. Just not compared to the top x% of the country.
  - bradlys 4y ago
    Again - if you lived in HCOL... You'd understand.
  - twblalock 4y ago
    > So... all the other things in my life other than my home that are high-cost... are not high-cost, because of your bizarre comment? That doesn't follow. Aside from housing and sometimes fuel, almost everything a normal person buys costs about the same everywhere in the country. Cars, TVs, phones, washing machines, clothing, shoes, tools, and so forth are not selling at different MSRP in different parts of the country. In truly high cost of living areas, like Silicon Valley, the down payment for a home is enough money to buy a handful of new cars outright -- literally several hundred thousand dollars. If you live in an area like that, and you can afford a home, almost everything else you buy will be very cheap in comparison.
    - dragonwriter 4y ago
      > Aside from housing and sometimes fuel, almost everything a normal person buys costs about the same everywhere in the country. Lots of common grocery items like milk, eggs, meat, and fresh produce have highly regionally variable pricing. (Highly processed dry and frozen foods tend to be more consistent in pricing.)