Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The Spread Between New and Existing Home Prices is at Record High of Approximately $68,000 (lemmy.world)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (1 children)

I bought my house knowing that 40 amps would get us by but it was going to cost $20k to get us current.

Wait what? Maybe I'm too European to understand this, but 1x40A at 110v is basically nothing, right? 4400watts is barely a electric kettle and washing machine at the same time.

Also how would it cost 20k to upgrade? Couldn't you just fix 90% of the problem by keeping most of the house on one group, and only rewiring, say, the kitchen and laundry area to a different group?

EDIT: also, hehe, current

[–] [email protected] 2 points 5 months ago

40 was enough 84 years ago when it was built. We never really had a problem unless a lot of things were on and we tried to use the oven because it would take 40 minutes to preheat.

We upgraded the panel, replaced every outlet with GFCI outlets because none of them were grounded. We added a new sub panel in the garage, removed a fire hazard sub panel that was for the water heater. We added a new line and sub panel in a shed. So it was way more than just an upgrade.