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this post was submitted on 11 Sep 2023
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Wait until Zoomers and Millennials find out that the house grandpa bought was probably under 900 sq feet, didn't have any AC, had one bathroom and if he was lucky had 2 bedrooms for the 2 adults and 3 kids. And when he furnished it, at most the family had one 13" B&W TV (if they were lucky), the tiniest fridge and the washing machine probably had a handle which you needed to crank by hand and the dryer was the clothesline out in the tiny backyard.
Every prospective homebuyer under 35 these days would turn their nose to a house that small and with such few amenities. And god forbid it actually needed some work done to it. With how mechanically inept (and lazy) younger folks seem to be these days, they aren't even willing to look at cheap fixer-uppers to save money in exchange for sweat equity.
Man, I saw houses in Portland that were smaller than 900 sq ft, did not have central AC, no appliances, and had water damage and wires ripped from the walls above $200k. That's not the case in all markets, but it is for a great many. Get on Zillow and start looking around as if you were in the market. Ask yourself if you'd be willing to offer some of these asking prices.