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Interesting note my friend just sold his house in less than a week outside of Nashville for almost 100k over asking after a bidding war. He was shocked. Other than cheaper taxes it Dosent look like there are any “cheap” desirable areas to move to right now, prices are just crazy all over.
Interesting note my friend just sold his house in less than a week outside of Nashville for almost 100k over asking after a bidding war. He was shocked. Other than cheaper taxes it Dosent look like there are any “cheap” desirable areas to move to right now, prices are just crazy all over.
Yup. There’s a housing shortage plain and simple. Housing materials are through the roof so people are getting priced out of new builds. Eventually it will correct. Just have to wait it out. Between covid and this I fee bad for anyone who had been plotting a long distance move for whatever reason. It’s hard enough to do that without the current shenanigans.
Why "never add"? and to be clear, I'm not talking about reno - I'm referring to buying a home that already has it. There are many scenarios where having an actual other room makes sense from family to friends. You may consider it a nice luxury and I wouldn't argue with that, but if you could afford it, I couldn't imagine it would be something that you intentionally dismiss because now the home is "gaudy" because it has a guest room. Granted there are all sorts of trade-offs we consider when buying a home and many of us would sacrifice the extra bedroom for a better lot, location, etc. I acknowledge that. However, I'm pointing out that is a very easy way to get to 5 beds, which by LI terms may be "massive". Heck, what if I have 4 or 5 kids? It doesn't have to be 10 kids.
Of course I've seen old estates on LI over the years and we can probably list out some that are "gaudy". Many are very nice. But, I chose to reply here because massive and gaudy are 2 different things. They are not synonymous. Faux white columns on a 4 bed home in Commack is gaudy as all get out and it's not even a big house.
I was talking about adding a room as in a reno. Now, from my POV, I don't consider a 5 bedroom house as massive. In my world it is a bigger house than many, but by no means massive. Gaudy and massive are both subjective terms. I think massive is a little easier to define for most. Gaudy is a but harder, in my opinion.
I will say that I have never been in one of the LI estates that I felt were gaudy. I love old homes and architecture and while I find the baroque details in many not to my taste, I do not find them to be gaudy. In my mind gaudy is a very different thing.
My conspiracy theory is that every 30 years all major US cities go through a purge to stimulate suburban growth. Most likely pension-related.
There is a book on that, but in regards to NYC. It focuses on wealth and how the wealthy dictate the reclaimation of the city center. It is historical perspective, not conspiracy theory on the rich.
IE City center was super noisy, crime ridden and the wealthy lived in Bowery, UES and Greenwich Village( only section not to follow a grid pattern). Once electricity and lights were prevalent, the City center was retaken. Consequently, the poor had to travel further away for work.
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