What $555k gets you in my area.

The money goes farther here if house and not land is what you seek:

https://www.zillow.com/homedetails/3806-Sycamore-Bend-Way-Columbus-IN-47203/2134189803_zpid/
1744037946901.webp
 
That’s a decent deal these days.

I don’t think you could get that house on 1/4 acre here for $555k. Maybe on the edge of town.
 
The amazing thing is that amount today, in this area, cannot get a 2 bed condo in one of those places where they build condos and shops. That's the construction I see in my area, not homes. How great, is it to live in a 2 bed or even 3 bed condo? Is it sheer awesomeness?

To my surprise a newer one is 1.3 mil. In my head, I say inflation, and then I also say, this ain't Boston. Yet, they still sell out.

So to do a reality check, think about a person buying a home for $555k. That's north of a half a million. What job, and what amount of cash, do they need for a downpayment.

My hunch is easy credit. Not as easy as 2008, but easy.
 
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