Folks, see this little thingy?
It’s completely see-through and facing a gas station + 2 banks. I thought, hey, tiny houses, a nice place for a young couple before kids come.
Today I found out that the tiny home costs $305,000.
I mean, I honestly.
Tiny Homes, Large Prices
Clarissa's Blog 
It’s not so much the house as what’s around it that’s awful.
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That’s the gas station I always go to. I can look straight into the houses from it. And they are so narrow that there’s nowhere to hide.
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Lucky for you that you are not in a market for a house right now. Where I am at, the price of what you are showing would be around 500K. Covid completely messed up the housing market. My family is relatively well off, but the best we can do without precariously stretching our finances is a townhome. A single family home in our price range that does not need additional 200K in renovations would result in an hour-long commute one way, which I simply cannot do.
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Yes, it’s gotten absolutely crazy. It’s worrisome when the housing market gets this overheated. There’s nothing in these little houses that can be worth such an amount of money.
I don’t think it’s a good sign.
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The crash cannot come soon enough.
Bring it on! I will dance in the light of that bonfire all night!
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300 could get you a really nice house here. Maybe even some acreage with it.
No wonder we are still inundated by people from other parts of the country…
We looked at a house this week. Crappy house in an OK neighborhood, so… basically what we are looking for.
House sold last month for 60k. Currently for sale for 100k. No improvements were made to the house in the intervening month. Exactly the same house. No changes. Still poop brown, couple broken windows, ugly paneling from the 60s, needs some work. We could have worked with that at the 60k mark, maybe a rehab loan. But no, real estate company bought it, decided they didn’t want to fix it and rent it after all, figured they’d just skim 40k profit minus transaction costs. Because that’s our market right now.
Back to the grind…
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That’s a very insane story. The real estate market is super crazy right now. And we all remember what happened the last time the real estate market went nuts.
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Yep, I am slowly, painfully coming to the conclusion that we should just suck it up, rent for another year, and wait for the market to crash.
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In Israel a normal usual 3.5 rooms flat in my city costs around $710,200 .
If one is ready to buy a flat in an old house w/o a safety room (to protect from missiles) and probably w/o an elevator, it may cost $546,166 or a bit less.
An article from 2023:
Jerusalem’s population is half-Haredi and half-Arab, none of them rich.
Ashkelon is “a coastal city in the Southern District of Israel on the Mediterranean coast, 50 kilometres (30 mi) south of Tel Aviv … he modern city lies 12 miles (19 km) north of Gaza”.
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And these apartment buildings in Israel are quite hideous, too. What it is that people are paying these crazy amounts for is incomprehensible.
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\ these apartment buildings in Israel are quite hideous, too.
The ones I added to this post were old buildings. New ones are built differently.
Btw, what I don’t like the planning of new apartments I’d seen: a huge open space when you enter the flat which combines kitchen (and a table for meals) with a living room vs. very small bedrooms. No small corridor for shoes and etc. Just one big open space for a stove, a table for dining and a sofa with TV with zero privacy.
\ What it is that people are paying these crazy amounts for is incomprehensible.
Land costs the most from what I understand.
Rent prices keep rising too.
Israel’s population is growing, while the number of available flats increases very slowly for numerous reasons: government policies, lack of Arab workers after 7.10, the Turkish trade sanctions regime “on 54 products including cement, steel, aluminum, iron construction materials and equipment … fresh blow to war-battered building industry … will force importers to seek alternative suppliers from other countries, thereby incurring additional costs that will mean higher prices for consumers and businesses.”
Btw, the cost of living is a motive for some to live in the West Bank:
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Location. Country and city.
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Opened a news site and was shocked despite everything that already happened:
A telegram channel says that “The explosion occurred less than a hundred meters from the American Embassy building.”
Btw, Tel Aviv has many dilapidated buildings like in this photo from the attack:
There are some videos from the place of the attack here.
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Are US apartments planned differently? From November 17, 2021:
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In the US you’re very lucky to have a balcony much of the time (though that depends completely on the building), there is almost always no laundry in the apartment itself, and there isn’t typically a safe room. Also a single bathroom in the entire apartment is common. Other than that the layout for a decent apartment can really be quite similar—or it can be narrower—it really does depend on the building.
I also would point out that this is a fairly large apartment for most people where I live—I’ve seen more two bedrooms than I have three bedroom apartments in my area.
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Btw, a safe room with concrete walls has no air conditioner in Israeli heat.
Only a ceiling fan.
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Those houses should have been townhouses really.
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These empty spaces between the tiny houses aren’t in the least justified. With townhouses, they wouldn’t have needed to waste this space.
Everything about these houses is incomprehensible.
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