An example from Greenspun made lions ponder the reality of buying the absolute cheapest house.

 https://www.lennar.com/new-homes/florida/orlando/eagle-lake/ranches-at-lake-mcleod/cottage-collection/kitson

 

 


It's pretty depressing in even the sales pitch, with just a garage, a small window for the facade & all wood. No-one even uses garages anymore.  The price difference is so small, the owner would have to be extremely stretched to not go higher.

 6 small windows in total, with 1 small window in the bedroom.  The apartment of the last 25 years & most other apartments have more exposure.  That's $265k nowadays or $185/sq ft.  Lions could probably get used to it.  They're sacrificing exterior for square footage & the interior is a pleasant cocoon.

 



 The next higher one is the $252k & has 2 front windows.  That would be less depressing.  Proximity to water causes the depressing one to cost more.

 

 The top of the line in that subdivision is $353k & has a few more of the stock windows.

 


This one is intended as a duplex.  The ADU & the 2 front windows are completely isolated through their own front door.  Everything nowadays is designed to isolate the owners from the exterior & not be seen from outside.

Lions forget heroine palace was also a cave.  Lions couldn't see the window from the desk or the bed.  The view was manely remembered through camera experiments.  That time still came up before 2010, when lions longed for happier days.

 In Titusville, the bearable ones are starting at $400k, all concrete with more front windows, less rear windows, at least the ones which aren't already blurred out.

 Lions could probably build a really posh man cave for $300k on their previous land, whose equity is not going to be recovered no matter what.  There are minimal houses at similar prices but nothing very appealing.

 James Cir, Figree Dr, Enclave Dr in Titusville are really posh & $400-$500k. Comparable homes in Newberry are similar.  Lions are basically locked out without the equity in the land.

 Lion brother's $1.3M pad is 3 miles from everything including Harry Potter.  It's really posh.  No way lions are getting near that neighborhood, but who knows if he's staying there after retirement.

 -----------------------------------------------------------------------------------------------------------

 Meanwhile, rent continued to increase throughout the lease term.

 


 The total amount is comparable to the base rent in Union City.  That seems to be the low cost leader in commuting distance.  It would no longer be economical to stay if the next job required commuting south.  The key is retirement being close. Staying at the midpoint paid off when the jobs moved north or went away completely.  Lions could probably leave after the next job.

The best way to find apartments in the last 4 years was watching gootubers & trying to sniff their location.  Silicon valley recently became ground zero for a lot of gootubers, after being manely ignored for the previous 20 years.  

 From 2014-2020, there was an economic boom but everyone on gootube was in NY.  Now there have decidedly been a lot of layoffs but everyone on gootube is in silicon valley.  It may be they just switch to gootube when their jobs are in decline.

 Sadly, no gootubers are old enough to be in cheap FL communities.

 Rent seems to be exploding in Calif*, despite mass layoffs.  The money is concentrated in just a few companies now.  It also seems to be concentrating the rent increases in just the city.  The endgame might be when lions can't afford the rent anymore.

 

 

 

 

 

 

 

 

 

 

 

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