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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?

#22
post #3

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.

I quit my job in Bellevue WA and moved to Oregon City Oregon. Here's some things it has going for it:

5) It has a train station that connects it to every city from Los Angeles to Portland to Seattle via Amtrak

4) Portland's train system doesn't connect to it yet, but it will soon. At the moment, it takes about 15 minutes to get to the city train station.

3) Portland is overrun with homeless people, but Oregon City isn't.

2) The traffic isn't as bad as Portland

1) You can get a nice house for well under $1800 a month. If you can live with a condo, you can get that down to about $1200.

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#23
post #3

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.

I quit my job in Bellevue WA and moved to Oregon City Oregon. Here's some things it has going for it: 5) It has a train station that connects it to every city from Los Angeles to Portland to Seattle via Amtrak 4) Portland's train system doesn't connect to it yet, but it will soon. At the moment, it takes about 15 minutes to get to the city train station. 3) Portland is overrun with homeless people, but Oregon City is…

I’m in Wilsonville, moved from Seattle (but I grew up in Portland).

One thing that WA has over OR is no income tax. I’d gladly have sales tax again to not pay the income tax.

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#24

Earlier quoted context omitted.

I quit my job in Bellevue WA and moved to Oregon City Oregon. Here's some things it has going for it: 5) It has a train station that connects it to every city from Los Angeles to Portland to Seattle via Amtrak 4) Portland's train system doesn't connect to it yet, but it will soon. At the moment, it takes about 15 minutes to get to the city train station. 3) Portland is overrun with homeless people, but Oregon City is…

I’m in Wilsonville, moved from Seattle (but I grew up in Portland). One thing that WA has over OR is no income tax. I’d gladly have sales tax again to not pay the income tax.

We’ll see how long Washington can maintain its income-tax free environment [1].

1. https://www.seattletimes.com/seattle-news/politics/seattle-c...

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#25
post #7

Earlier 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.

Chicago and Illinois in general are in rough financial shape. Taxes are very high with no end to raises in sight.

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#26
post #2

Lol they should do this for London, where 150 year old tiny apts cost millions.

...or beachfront property in (say) Santa Cruz. It's like a Mastercard ad:

  simple beach bungalow..   $300,000
  dirt and parking....... $3,000,000
  35 steps to the sand... priceless

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#27

Would like to say: If you would like to reverse these trends, or live in the SFBA and would like to be able to afford a home or condo without needing to commute from Stockton or hit the startup lottery, please pay attention to your local City Council and their zoning/land use decisions. Local decisions frequently don't get that many comments; your voice makes a difference. - Brisbane may approve 4400 units of housing…

Re: 700 Innes

https://twitter.com/SFyimby/status/921454648044666880

https://twitter.com/SFyimby/status/921438475554918400

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#28

Earlier quoted context omitted.

I’m in Wilsonville, moved from Seattle (but I grew up in Portland). One thing that WA has over OR is no income tax. I’d gladly have sales tax again to not pay the income tax.

We’ll see how long Washington can maintain its income-tax free environment [1]. 1. https://www.seattletimes.com/seattle-news/politics/seattle-c...

Except this law violates various state laws, as well as the state constitution, so it will be struck down upon judicial review.

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#29
post #7
post #3

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.

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 moved from Seattle to the Raleigh/Durham area. I absolutely love it so far. Everything is cheaper here, and quality of life is (in my subjective opinion) far superior.

Feel free to ask me more about it.

Re: Paying for Dirt: Where Have Home Values Detached from Construction Costs?

#30
post #7

Earlier 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.

I moved from Seattle to Raleigh, and love it so far.

I'd be happy to answer questions about it if that would be helpful to you.

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