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re: 1955 house ad: $7450 for 3B 1B
Posted on 3/24/25 at 12:09 pm to ClientNumber9
Posted on 3/24/25 at 12:09 pm to ClientNumber9
quote:
People today refuse to live like they did in the 1950s. Now people want massive closets, bathrooms that look like something out of a Roman palace, mud rooms, three car garages and 3200 square feet.
A middle class three bedroom home in 1955 is completely unrecognizable to a middle class three bedroom home today.
my entire neighbor is 3/2 built in the 50/60s 90% of people are millennials with kids
We don't build houses like that anymore and haven't in decades, good, bad or indifferent.
This post was edited on 3/24/25 at 12:15 pm
0
Posted on 3/24/25 at 12:33 pm to fareplay
Those look like homes in SoFla on the street I grew up on. My parents bought ours for $4800 in 1950. It’s now worth $900,000. (Some additions.)
Posted on 3/24/25 at 1:01 pm to fareplay
1st house - 1994 - $49,000 7.5% int rate
1000 sf 3/1 with no covered parking
2nd House - 1996 - $85000 7% int rate
1400 sf 3/2 with no covered parking
3rd House - 2001 - $115000 6.5 int rate but later refi to 4% int rate
1700 sf 3/2 with garage
4th House - 2019 - $259,000 2.5 int rate
2100 sf 4/2 with 3 car garage and separate 2 car garage/workshop
Will say everything worked in my favor throughout my life. As my income level increased over time, so did my equity in homes, but interest rates steadily decreased.
With the amount of equity I rolled ffromnhouse to house it allowed me to put enough down on current house to finance for 15 years. Pay 2 extra house notes a year and house will be paid for in only 4 more years. Current value (not that I will ever sell it) is $340,000 …at least til the housing market crashes.
1000 sf 3/1 with no covered parking
2nd House - 1996 - $85000 7% int rate
1400 sf 3/2 with no covered parking
3rd House - 2001 - $115000 6.5 int rate but later refi to 4% int rate
1700 sf 3/2 with garage
4th House - 2019 - $259,000 2.5 int rate
2100 sf 4/2 with 3 car garage and separate 2 car garage/workshop
Will say everything worked in my favor throughout my life. As my income level increased over time, so did my equity in homes, but interest rates steadily decreased.
With the amount of equity I rolled ffromnhouse to house it allowed me to put enough down on current house to finance for 15 years. Pay 2 extra house notes a year and house will be paid for in only 4 more years. Current value (not that I will ever sell it) is $340,000 …at least til the housing market crashes.
Posted on 3/24/25 at 1:04 pm to fareplay
House i grew up in the note was like $115 or something dad said. Small 3br 1ba.
Posted on 3/24/25 at 2:08 pm to ClientNumber9
quote:
That's the part people never talk about-
People today refuse to live like they did in the 1950s. Now people want massive closets, bathrooms that look like something out of a Roman palace, mud rooms, three car garages and 3200 square feet.
A middle class three bedroom home in 1955 is completely unrecognizable to a middle class three bedroom home today.
Maybe some. But, in places I've lived, younger people with small families are fighting over the exact small 1950s mid-century house that's the subject of the OP.
Posted on 3/24/25 at 3:56 pm to wm72
quote:That's encouraging, though very dubious. "Younger people with small families" aren't fighting over the unairconditioned $7450 OP tool shed, and good for them. Ridiculous! That crackerbox was assuredly a tear down at some point. The second $7900 home ... possibly.
That's the part people never talk about-
People today refuse to live like they did in the 1950s. Now people want massive closets, bathrooms that look like something out of a Roman palace, mud rooms, three car garages and 3200 square feet.
A middle class three bedroom home in 1955 is completely unrecognizable to a middle class three bedroom home today.
Maybe some. But, in places I've lived, younger people with small families are fighting over the exact small 1950s mid-century house that's the subject of the OP.
Posted on 3/24/25 at 6:01 pm to NC_Tigah
I was looking at the one on top with the cool mid-century roof line. My business partner bought one very similar a few years ago in upstate NY.
Needed renovation but had a lot of cool original 50s features they kept like bath tiles and pine kitchen cabinets with green linoleum
Small but fine for family with 1 kid and looks pretty cool now.
However, the extremely in demand applies mainly to houses that have some interesting 1950-60s architectural features and better if there's salvageable vintage building materials and it didn't undergo a put cheapest home depot crap and paint white renovation.
Needed renovation but had a lot of cool original 50s features they kept like bath tiles and pine kitchen cabinets with green linoleum
Small but fine for family with 1 kid and looks pretty cool now.
However, the extremely in demand applies mainly to houses that have some interesting 1950-60s architectural features and better if there's salvageable vintage building materials and it didn't undergo a put cheapest home depot crap and paint white renovation.
Posted on 3/24/25 at 7:47 pm to wm72
quote:the one that may be 15ft wide by 30ft long?
I was looking at the one on top with the cool mid-century roof line.
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