I got sick of living in a HCOL area and moved somewhere super cheap. Put 20% down on a nice house and have a $500/month mortgage payment. My total annual housing expenses are less than the taxes on a similar house in Seattle or San Francisco. Pay is less on paper, but actually quality of life and savings are much higher.
Paying for Dirt: Where Have Home Values Detached from Construction Costs?
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Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#12Earlier quoted context omitted.
Where did you move to? I'm looking for a good area like this with the biggest requirement of having fiber or otherwise just a very good 250Mbps+ service.
I don't know where he went but I've occasionally thought about Raleigh or Chicago as like, way cheaper than Boston, where I am.
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#13I got sick of living in a HCOL area and moved somewhere super cheap. Put 20% down on a nice house and have a $500/month mortgage payment. My total annual housing expenses are less than the taxes on a similar house in Seattle or San Francisco. Pay is less on paper, but actually quality of life and savings are much higher.
You got 80% of a nice house for something like 120-140k (guessing at interest rate and term here)? In the states, or a cheap foreign country?
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#14Earlier quoted context omitted.
I don't know where he went but I've occasionally thought about Raleigh or Chicago as like, way cheaper than Boston, where I am.
Raleigh or Chicago aren't $500/mo mortgage for a nice house cheap.
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#15I did a crude analysis of the effects of density on cost in this thread: https://news.ycombinator.com/item?id=12362684 "Sure. I found this for Canada: http://www.altusgroup.com/media/4099/costguide_2015_web.pdf Toronto (average $/sq ft to build given range) Medium Quality Tract House (assume 1 story): 180 Medium Quality Highrise (50-80 stories, average 65 stories): 270 This comes out to $1.38 more per square foot for…
So no, sprawl is not the best way to make housing affordable. Doubly so if you account for transportation costs.
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#16Earlier quoted context omitted.
Where did you move to? I'm looking for a good area like this with the biggest requirement of having fiber or otherwise just a very good 250Mbps+ service.
If you can telecommute a lot, I recommend Maryland b/w D.C. and Annapolis. You can get a 4BR house for what a 1BR apartment costs in D.C., you can be at a farm in 20 minutes in one direction and a downtown bar in 10 minutes in the other, and I've got two different fiber providers available (I'm getting 2-gig installed soon). Unfortunately, the tech scene in the DMV area seems to be mostly in northern Virginia, which…
Sure I moved to MD due to my current job, but I am seriously considering moving back.
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#17- Brisbane may approve 4400 units of housing, or zero. 4400 units would be close to how many the Bay Area typically produces in a year.
- Cupertino and Sunnyvale residents frequently oppose new housing.
- San Francisco has a strong contingent of people that oppose large projects. There is one project near Glen Park BART, and another one with 1200 units at 700 Innes, that could use support in the coming months.
If you're not sure where to get started getting involved, contact me and I can point you in the right place. One good place to start would be to push your executives and VC's to actually work towards making housing affordable here in the Bay Area; for too many it's an afterthought.
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#18Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#19I got sick of living in a HCOL area and moved somewhere super cheap. Put 20% down on a nice house and have a $500/month mortgage payment. My total annual housing expenses are less than the taxes on a similar house in Seattle or San Francisco. Pay is less on paper, but actually quality of life and savings are much higher.
You got 80% of a nice house for something like 120-140k (guessing at interest rate and term here)? In the states, or a cheap foreign country?
Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?
#20I got sick of living in a HCOL area and moved somewhere super cheap. Put 20% down on a nice house and have a $500/month mortgage payment. My total annual housing expenses are less than the taxes on a similar house in Seattle or San Francisco. Pay is less on paper, but actually quality of life and savings are much higher.
Where did you move to? I'm looking for a good area like this with the biggest requirement of having fiber or otherwise just a very good 250Mbps+ service.
While my house is by far the nicest I have lived in, most of my neighbors have far larger/more expensive homes. It would have been easy to spend twice as much for more land and square footage, but I am very happy having something we can very comfortably afford.