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me_irl
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this post was submitted on 16 Jun 2026
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me_irl
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The spirit of this is absolutely correct, but where is a "starter home" $800K?
https://www.cbsnews.com/news/zillow-1-million-dollar-starter-homes-242-us-cities/
Thanks. Yeah I figured this was a weird definition thing..
Again I am not doubting the point, but my personal definition of starter home would be basically "the cheapest livable home with minimal standards applied". Given that I live in a metro area but have seen homes for $450-500K which are decent, reading $800K was a starter was surprising to me.
Is it a metro area with significant sprawl?
Median list price in Massachusetts is $716,000 and most houses still go from listed to pending in around 8 days.
Yeah there's some sprawl. It seems like it's a competitive market. Haven't been seriously looking and I know most homes go for more than listing price but the listing prices at least are sometimes much less than the cited $800K.
Yeah starter home should be based on median salary for the area, not the product itself. That just becomes inconvenient because then 95%+ of homes would fall out of that range and fuck the narrative even harder.
I live in Adelaide Australia, I have approval for a 800k loan and have been unable to buy anything. Every house always sells for 50-100k more than the asking price and it's just stupid - and building new is even worse (just as expensive and the quality is terrible).
Gonna look at some crack shacks next.