I see a lot of expensive houses being built in my area. A LOT. And the weird thing is that they’re being bought pretty quickly. Are these people just making more money than me? If so, what are they doing for a living? Or are they just living house poor? How exactly are they affording these places?
Edit: For reference, my neighborhood is starting to become popular (because the other popular neighborhoods have priced most people out of affording places there). The normal price of newer homes here is $700k. My home, built in 1965, which is 2500sq ft on a quarter acre of land, is $500k.
Remote work means a lot of well paid individuals are able to move to less expensive areas, assuming internet is decent.
That’s me! Moved to a very small town with fast internet so I could have a house for about 0.75x my annual salary. It’s great, now we can almost afford to pay for student loans!