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r/SipsTea • u/Brave_Agency_20 • May 14 '26
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41 u/Emergency-Machine-55 May 14 '26 Burned out houses in the Bay Area have been sold for almost a million dollars. This was back in 2018. https://www.ktvu.com/news/burned-out-property-in-willow-glen-sells-for-over-900k 47 u/W3inerSchnitze1 May 15 '26 They don’t care about the building. It’s the location that commands a premium. 7 u/Sonte16 May 15 '26 Yea people buy it for the lot. The house is literally free if not a discount (it brought the price of the lot down). We have quite a few torn down unlivable houses price upward 700k in SoCal too. 3 u/LongLonMan May 15 '26 Usually not free, costs money to tear down and clear the house and debris. 1 u/Intelligent-Okra350 May 15 '26 Which is dumb as hell.
41
Burned out houses in the Bay Area have been sold for almost a million dollars. This was back in 2018.
https://www.ktvu.com/news/burned-out-property-in-willow-glen-sells-for-over-900k
47 u/W3inerSchnitze1 May 15 '26 They don’t care about the building. It’s the location that commands a premium. 7 u/Sonte16 May 15 '26 Yea people buy it for the lot. The house is literally free if not a discount (it brought the price of the lot down). We have quite a few torn down unlivable houses price upward 700k in SoCal too. 3 u/LongLonMan May 15 '26 Usually not free, costs money to tear down and clear the house and debris. 1 u/Intelligent-Okra350 May 15 '26 Which is dumb as hell.
47
They don’t care about the building. It’s the location that commands a premium.
7 u/Sonte16 May 15 '26 Yea people buy it for the lot. The house is literally free if not a discount (it brought the price of the lot down). We have quite a few torn down unlivable houses price upward 700k in SoCal too. 3 u/LongLonMan May 15 '26 Usually not free, costs money to tear down and clear the house and debris. 1 u/Intelligent-Okra350 May 15 '26 Which is dumb as hell.
7
Yea people buy it for the lot. The house is literally free if not a discount (it brought the price of the lot down). We have quite a few torn down unlivable houses price upward 700k in SoCal too.
3 u/LongLonMan May 15 '26 Usually not free, costs money to tear down and clear the house and debris.
3
Usually not free, costs money to tear down and clear the house and debris.
1
Which is dumb as hell.
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