Home Prices

I discovered an interesting Tweet yesterday that I’ve been thinking about ever since. Before I show you the Tweet, let me give you some context.

I go for frequent walks around the neighborhood.

I live in a very up and coming neighborhood, so the houses are constantly being flipped and sold. Every day, there’s a new for sale sign on a front yard.

This afternoon, this is the latest house I walked by.

I walked past it and I thought …

“Now there’s a house that has enough space.”

$1.5 million bucks. What a beautiful home. It would cost around $10,000 a month to live there.

Of course, that’s not including insurance, bills, utilities, repairs, lawn care, and inevitable bullshit that pops up. If you factor amortization, it’s close to $3,000,000.

lollolololol … WUT? 🫥

Would I enjoy living in a house like that? Of course I would. I could have my office set up and beautiful furniture and set up my home gym and Jules could have her dream kitchen and all that. It would be great.

But I don’t NEED that house. Not anywhere close. In all actuality, a house that size would be a huge waste. I would most likely spend 90% of my time in 30% of the space.

Does anyone ever actually leave the kitchen counter top?

When did we get so obsessed with huge houses? Do the people who live in huge houses actually enjoy all the space they have?

What do you do with all the extra rooms? Just buy stuff to put in them?

The house I live in is more than twice the square footage of the house I grew up in. Not to mention, about 1/3 of the square footage of my childhood home was an unfinished basement. Other than the low ceilings (which I hated) I never felt like I needed more space. Yes, my sister and I had bunkbeds till we were almost teenagers.

We had a blast.

And when we got older, guess who got moved into the basement? I DID! We were practically on top of each other.

So what? The house was a home and I think we all appreciated it and enjoyed it.

I was hardly at the house anyway. I spent all my time skateboarding and playing sports and getting rejected by girls.

Which brings me to the tweet I promised you.

So, for all the millennials out there complaining about home prices, understand that the main reason you can’t find a home isn’t because the market has inflated, but rather because your expectations have inflated.

The price per square foot is slightly above what it was in 1978, but the demand for 4000 foot square homes has skyrocketed.

Now, it’s a requirement to have extra space for the Peloton you never ride anymore.