Frustrated vent
Wealthy developer bought my neighbors <1500 sqft house for $1.7M. Developer knocked down the house and is building a new home, lot line to lot line, and will be <2500 sqft according to permits filed with the city. This developer will likely have to sell this house for $3M+ for this to make sense. No one is going to be able to afford to live here.
Edit: I don’t own my home. I rent. This increases the property value for my landlord and means I’ll never be able to buy in this neighborhood despite having a great career and seemingly “doing everything right”.
If any Boomer with property needs to adopt an adult as a child, I’m taking applications.