Originally Posted by DryFire
Originally Posted by ford150man
Earnings to price of homes is out of whack, but starter homes are looked down upon by young folks too. I’m painting with a wide brush but so many young folks seem to not be interested if it isn’t a 2,500 sq ft home in an upscale neighborhood. Growing up, if someone had a 2,500 sq ft home, they had a freaking mansion in our eyes.

My son (and his wife) are guilty of this. Had to have a new home in a new subdivision with a nice school. Could have bought an older home in town for $100,000 less. Same school district. My first house was a fixer upper. Lived in it and improved it for seven years before I sold it for a nice profit and upgraded.

Other than the obvious upfront price, why is this older house less expensive? Is this an apples to apples comparison or apples vs oranges.
Less square footage? Needs major systems/updating that’s going to run $65,000? Roof and windows combined are $30,000’ish easily. I just signed for $15,000 of windows.

I bought our house in 2021 and was strictly shopping older homes because often they have larger lots.
Seems like most new houses are on less than 0.25Ac lots and many are on 1/10th ac lots in my local area.