{"id":36542,"date":"2022-03-02T11:51:00","date_gmt":"2022-03-02T16:51:00","guid":{"rendered":"https:\/\/philip.greenspun.com\/blog\/?p=36542"},"modified":"2022-05-13T11:08:18","modified_gmt":"2022-05-13T15:08:18","slug":"open-house-today-in-our-neighborhood","status":"publish","type":"post","link":"https:\/\/philip.greenspun.com\/blog\/2022\/03\/02\/open-house-today-in-our-neighborhood\/","title":{"rendered":"Open house today in our neighborhood"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">There&#8217;s a house for sale in our neighborhood (we rent a 2BR for $2800\/month). It went on the market about a week ago. The first showings are today, 10a-4p, and &#8220;All contracts must be submitted by 5:00pm on March 3rd.&#8221; This million dollar home (built in 2012; re-sold in 2017 for $1.3 million) sits on a princely quarter-acre lot and offers a vast interior space of 4,574&#8242;. It was &#8220;coming soon&#8221; at $2.95 million two weeks ago, but the asking price now is $3.225 million (escaping NY, MA, and CA vaccine coercion and mask orders is not cheap!). The house comes with the opportunity for a lifetime close friendship with the appliance repair brothers, sisters, and binary resisters (i.e., there is a Sub-Zero fridge).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zillow.com\/homedetails\/3425-Duval-St-Jupiter-FL-33458\/103459431_zpid\/\">Zillow<\/a> estimates the value at $2.225 million. <a href=\"https:\/\/www.redfin.com\/FL\/Jupiter\/3425-Duval-St-33458\/home\/42666081\">Redfin<\/a> admits &#8220;we don\u2019t have enough information to generate an accurate estimate at this time.&#8221;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-1520x1013.png\" alt=\"\" class=\"wp-image-36543\" width=\"584\" height=\"388\" srcset=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-1520x1013.png 1520w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-300x200.png 300w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-768x512.png 768w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-1536x1024.png 1536w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2022\/02\/image-34-2048x1365.png 2048w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\" \/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Your entire collection of hard-to-buy vehicles, e.g., Honda Accords, has to fit in the two-car garage. There is no basement or attic, so the garage also needs to serve as storage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s compare actual inflation in the cost of this house compared to the government&#8217;s official inflation rate. <a href=\"https:\/\/data.bls.gov\/cgi-bin\/cpicalc.pl?cost1=1290000&amp;year1=201704&amp;year2=202201\">$1.29 million in April 2017 was equivalent to $1.48 million in January 2022<\/a> (the most recent month available for the BLS calculator). If the house sells for $3.225 million, therefore, it will represent an additional 118 percent inflation over the officially published rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Update, May 13: The house closed at $3 million, according to Zillow\/Redfin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a house for sale in our neighborhood (we rent a 2BR for $2800\/month). It went on the market about a week ago. The first showings are today, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[37],"tags":[],"class_list":["post-36542","post","type-post","status-publish","format-standard","hentry","category-economics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Open house today in our neighborhood - Philip Greenspun\u2019s Weblog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/philip.greenspun.com\/blog\/2022\/03\/02\/open-house-today-in-our-neighborhood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open house today in our neighborhood - Philip Greenspun\u2019s Weblog\" \/>\n<meta property=\"og:description\" content=\"There&#8217;s a house for sale in our neighborhood (we rent a 2BR for $2800\/month). 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