• Iusedtobeanadventurer@lemmy.world
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    1 year ago

    They remained more affordable, for a time. And then housing prices went right back through the roof.

    I bought a foreclosed house in 2012 for ~280k. It had been purchased by the previous owner for about 480k.

    I put about 150k into it, 100k the first year to make it a liveable property, and 50k or so over the next ten years.

    I sold it last year for about 850k…

    I then bought a new house that cost about 450k when it was built 4 years ago, for about 680k, in a less expensive market.