this post was submitted on 13 Nov 2023
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chapotraphouse
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Yeah, that's what's blowing my mind. I always thought their houses were way more expensive than ours.
It varies wildly by location. My grandma's home is valued at like 600k~ and is a modest 3 bedroom home that was built in the 50s.
That would be like $1.5M here lol.
Oh no we've been in a bubble for decades tbh, shit's overvalued to the extreme. I think gearing the market toward investment rather than home ownership has gone a long way to putting housing up on this financial pedestal. Fuck, $150k wouldn't even get you a deposit on some places here