Current Events > Normal sized house priced at $1.75 million in small town Oregon

(+) Yeah! (+)

https://twitter.com/WallStreetSilv/status/1713022534466011508

Back in the day $1.75 million could essentially get you a mansion

Bricks of cash are gonna be cheaper than masonry bricks soon

To be clear 2600 sq ft is a big house

nobody is buying that. you can buy a legit small mansion for that(at least i think you still can). they're just trying to jack the price up to make it rich people only but even in this market it should only be like $300k.

I can't believe any economists aren't calling housing prices a bubble. The increase is so disconnected from income increases that there is no logic behind it.

i see homes half that size go for $750K.

its ridiculous.

the next generation of home owners will have inherited their home, if lucky enough, from their relatives.

TheGoldenEel posted...

To be clear 2600 sq ft is a big house

That's very average, and certainly shouldn't warrant a million or more dollars.

creativeme posted...

nobody is buying that. you can buy a legit small mansion for that(at least i think you still can). they're just trying to jack the price up to make it rich people only but even in this market it should only be like $300k.

someone is buying that.

Welcome to the PNW. Washington and BC are even worse.

People constantly ask me why Im so desperate to move to the southwest. This is why.

TheGoldenEel posted...

To be clear 2600 sq ft is a big house

My first thought. I have a decent sized house, and this shit's nearly twice the size.

As somebody who lives in Vancouver, this is an entirely unsurprising price.

WalkingPlague posted...

i see homes half that size go for $750K.

its ridiculous.

the next generation of home owners will have inherited their home, if lucky enough, from their relatives.

nope many old folks got scammed out of their homes with reverse morgages

the elite have done all they can to make sure us peasants cant own homes

Just looked up my area, all the homes that are 2500 square feet are like 6-800k. Even saw some that were 2-3m on Zillow.

My house is like 1600 square feet, and most of my neighbors are around the same. This notion that 2600 square feet is 'average' is kinda nuts. At least in Florida, that's a fucking mansion.

[LFAQs-redacted-quote]

Yeah I was going to add this. I lived in bend for a couple of years. It's next to Mt. Bachelor.

ClayGuida posted...

Just looked up my area, all the homes that are 2500 square feet are like 6-800k. Even saw some that were 2-3m on Zillow.

My house is like 1600 square feet, and most of my neighbors are around the same. This notion that 2600 square feet is 'average' is kinda nuts. At least in Florida, that's a fucking mansion.

Well I guess 2600 is slightly above the average of 2200

https://www.statista.com/statistics/456925/median-size-of-single-family-home-usa/

AceMos posted...

nope many old folks got scammed out of their homes with reverse morgages

the elite have done all they can to make sure us peasants cant own homes

Pretty much. I used to laugh at the Europeans with a small group of elites owning all the land and charging the everyone rent, but it is becoming that way in America. Just instead of Lord What'shisface owning the land, it will be Black Rock or one of these private ventures. I feel like these investment companies should be banned from buying up homes, still doesn't stop the banks, but better than nothing

Government intervention will be needed to bring prices to coherent levels. Developers only look to maximize profits which means fuck the middle class. Also developing costs are at 400k for houses like that, specially because of labor.

Have no idea how are we getting back or how are young people with normal jobs expected to get a house and start a family.

We need houses in the 150-250k range.

voldothegr8 posted...

That's very average, and certainly shouldn't warrant a million or more dollars.

I agree its overpriced, but it is a very above average size home, especially in oregon

my house is 1800 sq ft and it is more than enough for my family

In my area, 1.75 million would get you a 5000 Sq ft house on 100 acres with top of the line everything. With money to spare, probably.

People are listing really high bc the market is dumb now. It won't actually sell for that.

Is that 2639 finished?
2600 finished is a lot to me, and I build houses in rural midwest USA.

That price is ridiculous either way, obviously.
https://www.zillow.com/homedetails/1185-Singleton-Pl-Bend-OR-97703/2060005620_zpid/
Looked it up

My house is just under 3800 square ft including the finished basement.

Around here, a 2500 sq ft house would be in the $500k range.

TheSuperSilver posted...

My house is just under 3800 square ft including the finished basement.

Around here, a 2500 sq ft house would be in the $500k range.

You know thinking about it, I forget other places have Basements. Florida doesn't really. We're all above ground, probably because of the sea level, idk. That makes a bit more sense why people think 2600 square feet is normal. Also wasn't including garage size.

I suppose I'm wrong here.

ClayGuida posted...

You know thinking about it, I forget other places have Basements. Florida doesn't really. We're all above ground, probably because of the sea level, idk. That makes a bit more sense why people think 2600 square feet is normal. Also wasn't including garage size.

I suppose I'm wrong here.

Basements aren't included with the square footage of home listings, the vast majority of the time anyway. As I posted with the link above, the national average is 2200. That doesn't include basements.

ClayGuida posted...

You know thinking about it, I forget other places have Basements. Florida doesn't really. We're all above ground, probably because of the sea level, idk. That makes a bit more sense why people think 2600 square feet is normal. Also wasn't including garage size.

I suppose I'm wrong here.

I think that is because Florida is a basically a bunch of swampland.

But one story homes or ranch style houses seem really popular in the western US also.

Enclave posted...

As somebody who lives in Vancouver, this is an entirely unsurprising price.

Bend is like 100k people and this is USD.

Blbmbr666 posted...

I can't believe any economists aren't calling housing prices a bubble. The increase is so disconnected from income increases that there is no logic behind it.

They will be caught by "surprise" like last time.

Sir_Will posted...

Bend is like 100k people and this is USD.

yeah that's a city not a small town

I'm renting the bottom half of a two duplex right now that's probably worth at least 1.5mil

Sir_Will posted...

Bend is like 100k people and this is USD.

And that would be a bargain compared to buying similar in Whistler.

Like seriously, I have a pretty meh 1,300 sqft townhouse that's worth 700k that's in the Fraser Valley. I'm not in a touristy sort of location in the slightest either.

Seriously, home prices in Vancouver are among the highest in North America. Prices I see in the States? Not all that shocking to me. Only like parts of New York and California really beat us for insane housing costs.

Wife and I are even looking at buying a stand-alone house in like Chilliwack which will still run over a million and renting out our current place because we can get like 3k per month in rent for our current place.

Thats about the size of my house and mine is worth a fifth of that on a good day.

As someone who had lived in WA annd OR for the last 20 years, only old, rich white people live in Bend. Its a highly exclusive town known for its beautiful hikes and wineries that is also a popular tourist destination. This is not surprising.

that aint big. I have 3,500. Thats too big. Thats a normal sized house way overpriced

Dragon239 posted...

Is that 2639 finished?
2600 finished is a lot to me, and I build houses in rural midwest USA.

That price is ridiculous either way, obviously.
https://www.zillow.com/homedetails/1185-Singleton-Pl-Bend-OR-97703/2060005620_zpid/
Looked it up

The inside is disgustingly light colored.

https://gamefaqs.gamespot.com/a/user_image/6/8/4/AAEhCpAAE710.jpg
"ultra ridge"
what?

ultra ridge ----> ultra rich

Houses are just fucking expensive now.
My house in a nowhere (there's cows up the road) part of Kansas City is worth three times what I paid for it eleven years ago - all I'm getting out of it is utterly fucked property taxes.

Questionmarktarius posted...

Houses are just fucking expensive now.
My house in a nowhere (there's cows up the road) part of Kansas City is worth three times what I paid for it eleven years ago - all I'm getting out of it is utterly fucked property taxes.

*udderly

eggcorn posted...

*udderly

Dairy cows are also subject to property tax

With current interest rates that's like $10k per month.

I'm glad I bought when I did. Rates were about what they are now, but housing prices were low. Now both are so high I'd never be able to afford it and be stuck in some shitty apartment until I croak.