Homes "unaffordable" in 99% of nation for average American - eviltoast
    • StringTheory@beehaw.org
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      1 year ago

      The “Cheap Old Houses” website is reassuring. It’s not a McMansion in the tony suburbia of a large popular city, but there are small reasonably priced houses in smaller cities and towns. https://www.cheapoldhouses.com/

      I have two friends from high school who found houses under $100k within driving distance of larger cities ($60k in Kansas, $32k in Illinois)

    • flatbield@beehaw.org
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      1 year ago

      I would not assume a few years of this means that it will never change. Housing prices and especially interest rates were unusually favorable since the 90s for decades. High interest rates do not tend to last forever.