this post was submitted on 11 Jan 2024
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There's no value in living to raise someone else's equity because you have no choice.
House for $105k that needs flooring and some appliances, so let's call it $125k. There's a choice. You probably don't want to move to Oklahoma though.
There are trade offs for wanting to live near a city or somewhere popular or close to family. Yeah rental rates suck and home prices are climbing, and soon the cheap homes in the Midwest will start to keep up with the other states.