Comment by topato
7 hours ago
My house is a ~700 sqft. condominium, gov. subsidized for lower income individuals, and even my mortgage is more than 300k… maybe I’m just basing my info off of coastal city prices, but is it possible to buy a reasonably nice home located in a reasonably nice amerikkkan city… for $300k in 2026?
That would buy you thousands of square feet and often several acres within 20 minute drive to a lot of US city downtown areas.
Can you ground the discussion by mentioning what you think these cities are? Taking Columbus, OH as the most average of American cities and a 20m isochrone map from city center, there are currently 0 parcels for sale with 3+ ("several") acres under $300k. There are a few within 30m drive, one of which even has a possibly habitable structure. The rest are bare agricultural land you'd need additional investment to actually live on.
Not from what I've seen. The desirable neighborhoods are 500-600k. Suburbs outside major city
Desirable neighborhoods are by definition expensive. The trick is to find a neighborhood you like where your home can just be a home and not a top-heavy investment.
Acknowledging this isn’t always easy or possible, but just pointing out that this is a self reinforcing problem.
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You didn't read what I said.
I mentioned acres of land. You normally don't have multiple acres of land in the suburbs.
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