3 ms·

in 2025 anything vaguely desirable in a coastal-ish city is starting at more like 600-700k. actual decent houses will be 1MM or more. the folks in those areas

in 2025 anything vaguely desirable in a coastal-ish city is starting at more like 600-700k. actual decent houses will be 1MM or more. the folks in those areas, if you owned a house for the last 20 years, are now richer than ever due to that property appreciating. but the younger generation is absolutely screwed

jen20 1y ago
> if you owned a house for the last 20 years, are now richer than ever due to that property appreciating. Only if you sell it, and move somewhere with a much lower cost of housing.
- fragmede 1y ago
  If there is a spare bedroom in your HCOL location, renting that out lets you get some incoming cash flow without having to move away to a LCOL location.
  - jen20 1y ago
    You don't get "rich" from renting out a spare bedroom.
- aianus 1y ago
  HELOC and never pay it off until you die
kevin_thibedeau 1y ago
The north coast has cheap housing.