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Sovcit tried to buy a house, didn't work. (lemmy.world)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 8 months ago* (last edited 8 months ago) (1 children)

I bought mine for $95k like 6 years ago. But it looked like a crack den, had nicotine tar dripping from the walls, and is entirely uninsulated in Minnesota so that might have something to do with the price.

Today it's worth $120k on the low end and it still looks like a place where people turn into missing persons (I did fix the nicotine tar issue though). I live in a pretty damn low COL area so if my house is worth that much then I don't imagine that you'd be able to find a house for $90k anymore anywhere unless it's a meth factory on top of a superfund site or something.

[–] [email protected] 3 points 8 months ago* (last edited 8 months ago)

In my area I saw a house that was selling as a fixer-upper, needed a lot of work, the bank wouldn't even approve mortgage for it. It was listed for $800k and it eventually sold for an all-cash offer of $1.26m. They flipped it and sold for $1.87m in less than a year.