454
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Aug 2024
454 points (100.0% liked)
A Boring Dystopia
9781 readers
272 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
I've been house browsing in the Portland area for a couple years and am losing hope of ever being able to afford one. Last year I saw a frame of a house, basically a roof on studs with tarp and plywood as the "walls" being listed for sale. They were asking for $300k.
As someone who lives here:
This is real.
It has the audacity to include that listing as "a new home".
Wow.
A 5 bedroom, 2 bath with so much natural light! What a steal!
Seems cheap for land. You must be in a low cost area. I’m reading your post as $300k for a buildable lot in a major city.
Last time I renewed my homeowners insurance, they put full replacement value of my house under $200k, despite the tiny plot of land and overall purchase price being several times that. I wish my town outside Boston had a buildable lot for only $300k, but the reality is much worse and the house itself is only a fraction of the value
It all seems beyond insane to me considering that records show houses in my modest, outer-city neighborhood were selling for around $50k in the early 2000s that now have a market value of over $800k.
If you own a vehicle maybe venture out of the city a little ways. Bonus points if there is any type of public transportation to take you to the city.
No, I've lived in suburbs for much of my adult life and I have no interest in that lifestyle. Much like the family in the article, I make enough to rent in the city. But it sucks knowing that living where I want to be comes at the cost of spending the money I could be using to invest in my community and improve the home I'm living in instead to line the pockets of somebody who was either lucky enough to own the land before property hyperinflation or wealthy enough to purchase it after the fact.
If the house goes for a million an investor could buy it up build a new house for half a mil sell it for 1 mil and profit 200k...
It's crazy.