this post was submitted on 30 Apr 2025
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A Boring Dystopia

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'Starter homes' cost at least $1 million in over 200 U.S. cities, Zillow data finds (www.cnbc.com)
submitted 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world
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[–] conicalscientist@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

This is the inevitable result of infinite growth. You aren't getting a home in world class locations without being at the very top yourself. Sure other people lucked into the right place and the right time. Go buy lottery tickets. Or set down in location that is more affordable. With any luck you'll be a multimillionaire when you're elderly too. And the kids of the year 2060 will hate you for the dastardly plot you schemed up with your friends to ruin everything.

We're all part of the rat race that is fucking us over. Nobody wants to flinch. So we continue to eat each other alive.

[–] UltraGiGaGigantic@lemmy.ml 1 points 1 year ago

This recommends 2 to 3 years of annual income to be the price of your house

So... how many of yall are making $300k a year?

[–] Rooskie91@discuss.online 1 points 1 year ago* (last edited 1 year ago) (2 children)

This.....is hard to believe. I've been looking around non-major US cities, and even some major cities, and the starter homes are around 200-500k.

That's still fucked for a starter home but a million?????? That's the average home price in Honolulu and NYC lol.

[–] pixxelkick@lemmy.world 0 points 1 year ago* (last edited 1 year ago) (4 children)

It literally sounds super fake.

I can't find a single major city without 200k to 350k homes lol

It takes like 30 seconds to check what starter homes cost in any city, yet people will believe this shit instead of just go look.

Edit: this is the "source" https://www.zillow.com/research/million-dollar-start-home-2025-35100/

Just 1 chart with literally zero further info, no published actual data of where these numbers came from, how they calculated them, how they gathered the data.

Why do people fall for empty garbage articles like this so easy. I wish we collectively called this out more.

If a person posts an article citing another article, instead of just the original article, they should get fuckin blasted for it and downvoted to hell.

Post. Original. Sources.

[–] SpaceNoodle@lemmy.world 0 points 1 year ago (1 children)

As someone who has lived in and priced out homes in major US cities, I find this article to be accurate.

[–] pixxelkick@lemmy.world 0 points 1 year ago

(X) Doubt

[–] Imgonnatrythis@sh.itjust.works 0 points 1 year ago (2 children)

Doesn't sound super fake if you are looking for a place with what I think are pretty reasonable basic characteristics of comfort and security.

House that can accommodate a small family not in a higher than average crime area, does not require fix up maintenance that those of us working long hours will never have time to do or can't afford to have done, has been well cared for and doesn't feel gross. I'm not talking luxury homes here, I'm just talking about something that you would at least look forward to coming home to.

When I see all these people buying these homes, I'm just shocked at how they have either accrued so much wealth or are so comfortable with so much debt.

It's pretty tough out there right now.

[–] pixxelkick@lemmy.world 1 points 1 year ago (2 children)

"When I eliminate all the homes that normal people would classify as a starter home, I can't find any starter homes!"

"Wait to buy a starter homes you are telling me I can't live in a rich gentrified white neighborhood, I might have a black guy for a neighbour? That just won't do!"

"Sorry anything not within 5 blocks of a Starbucks can't possibly count as a starter home"

This is what people sound like when they talk about "safety" and "crime rates" and "starter homes" in the same sentence.

[–] shalafi@lemmy.world 1 points 1 year ago

You're largely addressing a bunch of young, suburban white boys who have never had to live in an actual shithole.

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[–] desktop_user@lemmy.blahaj.zone 1 points 1 year ago

approximately half of homes have to be in higher than average crime areas, if there's nothing wrong with the home it can just be purchased and rented out by a megacorp immediately, wealth accumulates over time so that selling a house will provide about enough to buy house and have lower average monthly cost than renting.

[–] chilicheeselies@lemmy.world 0 points 1 year ago (1 children)

I quite kiterally cant find anything in my city for less than 900k, and they are rare

[–] pixxelkick@lemmy.world 0 points 1 year ago (2 children)

What city

[–] SpaceNoodle@lemmy.world 0 points 1 year ago

Their city

[–] chilicheeselies@lemmy.world 0 points 1 year ago (1 children)

Nunya

[–] pixxelkick@lemmy.world 0 points 1 year ago (1 children)

Then I'll just assume they're bullshitting. Even San Francisco has a couple houses I found listed for 500k. And no, its not an apartment, it was a detached home.

[–] SpaceNoodle@lemmy.world 0 points 1 year ago

An ADU is not a house.

[–] Ledericas@lemm.ee 0 points 1 year ago

i was going to say its avg in the west coast blue area. 200-500k is "cheap"

[–] Wazowski@lemmy.world 0 points 1 year ago

Updated 1400 sf 3 bed 1 bath $1M where I live.

[–] taiyang@lemmy.world 0 points 1 year ago (1 children)

Well... define starter home. I got a starter for about half that in LA but I have a shared wall townhome. Not great, but if we're talking no shared walls and a yard, ya I can see that costing more... Except I also saw those for about this price, only with like... 600sq ft? Pick you battles, but those aren't a million even in the city.

Now, maybe the 200 cities are specific neighborhoods, like how Santa Monica isn't technically Los Angeles since it's got it's own city government. Same with Beverly Hills, Bel Air, etc. You sure as hell ain't getting a place for 1 mil there, even if it's a small "starter home."

[–] TheLowestStone@lemmy.world 0 points 1 year ago (1 children)

All of your question are answered right at the beginning of the article:

"Zillow defines “cities” as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. “Starter homes” are defined as properties in the bottom third of home values within a given market. That means these aren’t luxury listings — they’re the least expensive homes available in each city."

[–] taiyang@lemmy.world 0 points 1 year ago

Gotcha. So yes, it's misleading headline, mostly for the first part since you can probably pull up 200 "cities" where you'd be nuts to find your first home. You aren't getting your first home in Malibu, that's just silly.

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