• collegefurtrader@discuss.tchncs.deEnglish
    10·
    1 year ago

    I bought a shitty house in shitty Toledo for $48k with zero down and a $13/hr job in 2007. I was roughly 22 at the time.

    This is probably not possible today.

    • SaakoPaahtaa@lemmy.world
      49·
      1 year ago

      48k is a bargain though. I mean I checked google maps and yeah Toledo looks kinda ass (sorry Toledoans) but that’s a steal especially considering it was the boom before -08 bust. Prolly could’ve got a nice subprime to along with it.

      • collegefurtrader@discuss.tchncs.deEnglish
        2·
        1 year ago

        That’s interesting because at the time, I knew the housing market was falling, and it felt like it was at the bottom when I bought. Previous the same house had been valued at near 70k.

        It turns out that shitty places like Toledo were foreshadowing the crash.

        The next year in 08, the market value of the house got as low as $25k