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26 sats \ 2 replies \ @kr OP 28 Mar \ parent \ on: City vs Country AskSN
Yeah I hear you on the different things one must consider, and FWIW I think cities are great… but I don’t think people ever really do the math to compare rural and city property costs when they buy land.
Instead of valuing things on a sq. ft basis, the rural vs. urban question is often presented to buyers as $1M for a city home, $500K for a rural home.
Land area is almost never calculated or considered, only indoor home area.
The big assumption today is that unless you’re going to start a farm in the country, the additional land on your property is basically valued at $0.
I often encourage friends and family to move, when they're complaining about cost of living, so I do appreciate where you're coming from.
The land point isn't straightforward either, because there's so much common/public land in the city. It's not like you're stuck in your apartment (aside from Covid). For that extra land to matter to you, you need to value ownership specifically.