Tonight, I stumbled upon: Redfin.com- hope this is helpful. 
no, I’d be a buyer.
That’s why you should hire Bigfoot as your realtor. Give the guy a chance, he’s trying to earn a buck like everyone else.
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I live/work in the expanding suburbs of Toledo.
10 years ago. 2016.
New “older people” houses (ranch 1200ft 2 beds) were going for under $300,000
average 2000ft 3 bed 2story were $400,000
The custom houses “starting” at $395,00. Going UP TO $600,0000
Now?
The ranches are $450,000
The “average” family houses are $550-650,000
The custom houses are $700,000 to $1,000,000
50-100% increase in prices for the exact same house.
Well, the cumulative inflation since 2016 is roughly 40%… Printing money has consequences. Real estate is still a great investment
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I just bought a house
(life events, two years in an apartment)
Worked a spreadsheet on buying versus renting, considering the higher up front costs of purchasing versus the gain in equity and the increase in rent over time
With a very rough guess on home maintenance and higher utility costs I calculated a 10 year break even.
But with the added benefit of having my own place.
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New-to-you or newly built? We bought a house last year but it was not new.
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I’ve been thinking about buying a “tiny home” to escape Michigan winters. My wife’s son lives in Texas and has 10 acres. Deciding between tiny home there or possibly a big RV there or even a class B RV van that we can use year round and stay in Texas for winter.
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New to me.
1963 big ranch. One owner who built it and lived there with the missus for 60 years. Kept it in beautiful condition
It’s a shrine to my youth. Vintage 1975
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@DBend144 would be proud
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Plenty of lawn. Likey. Depending on the market your crossover point could be sooner than 10 years.
Nice, single floor living is having a moment as more people realize that having sleeping space and living space next to each other isn’t a bad thing. Our house is a bungalow with bedrooms on both floors. It gives us flexibility if we have an aging parent or two move in with us. The stairs to the second floor are pretty far away from modern code.
The house has had some updates over the years but generally has the original layout. We’re remodeling the kitchen because we apparently have a hell of a lot more kitchen stuff than people did in 1951. The size will stay the same because you can’t really expand it without an addition. Small rooms downstairs and a low ceiling upstairs came with the package. The construction quality is ridiculously good though. They built the hell out of this house. Multiple iron beams, cross braced rafters, and subfloors made out of solid wood boards. I can’t find any signs that the house has settled appreciably anywhere.
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what you got to watch out for is the closing cost, some of them are up there. there is a listing like a 2-story farmhouse built in 1913, they ask $95,000 for it w $20,000 down.
It needs an epic shit ton of work, and you can’t enter it without signing a waiver-first, one problem is a foundation issue, I suspect it needs brand new wiring all through the house-God knows what you would find, It would be a cool flip-type home, but you are talking serious cash to refurbish it.
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My first home was a 1940s bungalow with a refurbished upstairs for the master. Plaster throughout, brick fireplace.
Was talking to the inspector and agent about what they are seeing in building quality now. It seems planned obsolescence is everywhere, including the homes we build. Even in higher end new builds the quality is simply not there.
Possibly. It was more an excercise in curiosity. I don’t need to win. My daughters told me they wanted me to buy a house and I do everything they say
I used assumptions of 3% growth in rent versus equity which seems to be the national average. Guesstimated utilities based on what I was paying before I moved into the apartment. Threw in $8k/year in maintenance and upkeep which is the guessiest of all
I’m and older guy with younger kids. Plan is to be here for ~ 10 years while they go through school and then (probably) retire up north.
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Every ,”real” Lions Fan knows, you go to “coach Dan” for your realtor needs.
Duh!
IYKYK