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37 sats \ 4 replies \ @kr OP 28 Mar \ parent \ on: City vs Country AskSN
In your restaurant example, it would make sense to ask that question but I think you meant to say “are cities 60x better?”
it’s not true for all rural properties, but you can find many small towns where food/energy/travel times/hospital/schools/internet are similar
It’s the same as your question. This one factor is way cheaper in the city, so the question is whether the country is enough better to justify the cost difference.
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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.
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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.