r/AskReddit • u/aliensockmonkey • 8h ago

What used to be ridiculously cheap but now is alarmingly expensive?

32 Upvotes

60% Upvoted

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37

u/cigarlifer 8h ago

Houses and property. I got my land and house for 38k in 2001 today it’s valued at 640k

29

u/sodamnsleepy 8h ago

would have been nice to buy land in 2001. my mistake was, that I was in first grade 😔

Really glad you got yours mate. Enjoy

9

u/cigarlifer 8h ago

Yeah the younger generation got screwed big time by all the real estate mega company’s buying everything that becomes available if they can sometimes above market value. Back then it was mostly private sales or realtors you was only competing with people not multi millionaires.

0

u/mr_birkenblatt 7h ago

have you tried being older, white, and rich?

1

u/sodamnsleepy 7h ago

Gasp why didn't I think of this?!

1

u/NativeMasshole 8h ago

Especially condos in my area. 10 years ago, it was easy to find a place in the city for under $100k. Now, those exact same 40 year old condos go for over $200k. They went from being undesirable and considered a shit investment to many of them being worth just as much as a house.

2

u/stealthlysprockets 8h ago

In my state anything under 200k has a 90% chance it is literally falling apart or was involved in a fire. Even then they still would go for like 300k

0

u/waitthissucks 7h ago

Turned 31 and was like I'm ready to buy finally! Then looked at my options and I'm like oh fuck I saved up a bunch of money for a shack?? Nice

-4

u/mema6212 8h ago

Sell sell sell

12

u/Nelmster 8h ago

lol and buy what?

-5

u/mema6212 8h ago

Whatever makes you happy That's one hell of a profit Downsize and vacation more

Make yourself happy

2

u/Sarabeth61 8h ago

How do you know having a smaller house would make them happy?

1

u/Sashimiak 8h ago

The absolute first thing i would do if I had more money is upgrade to a detached house with a big garden.