My first house was one of those ~1200 sq. ft houses built in massive quantities in the 1960s as Boomer starter homes. It was barely affordable to me as a young engineer when I bought it in the late '00s after the bubble burst. Now it's worth about triple what I paid for it and would have been completely out of reach if I were starting all over today.
I think about that whenever someone tries to tell me "well houses are bigger now than they were in the 60s". That's true, but that doesn't explain why a house literally built in the 60s costs as much as it does.
My first house was one of those ~1200 sq. ft houses built in massive quantities in the 1960s as Boomer starter homes. It was barely affordable to me as a young engineer when I bought it in the late '00s after the bubble burst. Now it's worth about triple what I paid for it and would have been completely out of reach if I were starting all over today.
I think about that whenever someone tries to tell me "well houses are bigger now than they were in the 60s". That's true, but that doesn't explain why a house literally built in the 60s costs as much as it does.