Is $1,000,000 for a house too much?

>>60517205 (OP)
Yes, about a thousand times. Simply compare to a modern car. You get hundreds of exotic materials, self driving, silent drivetrain, 3.5 to 60, tricked out AC and wind noise management, nice sound system for 35k, mommy's shopping MPV.
So some shitty cardboard 6000 BC construction with hundreds of planning mistakes must be way less expensive.

>>60517205 (OP)
Depends on the home and the location

>>60517205 (OP)
not unless you are some kind of poor faggot

>>60517526
Location is a scam. It should be (lot value * location) + house cost, but it is (lot value + house cost) * location because of zoning laws. I'd understand the latter being applied in completely sealed areas like London or LA where going anywhere is a nightmare. But the above fraud formula is still true for some rural town with lots of free space to build. It seems contractors just apply a meme fee if your lot is somewhere in the trendy location. And as I said above, houses almost scale like cars production wise (1/10th or so), but they are a million times less complex, so they should be really, really cheap.

When people spend half their lives' work just for shelter, they can not use that effort for more useful endeavors. This gets really bad if moving has a lot of parasitic costs attached, like in Europe, where switching houses is 100k+, or ten times the yearly net disposable income.
Then people are bound to one location forever, and can not fill economic demands properly, so everything is stagnant. Housing is unironically the main reason why there aren't interstellar colonies yet.

>>60517531
Overpaying is not good at any level of wealth. It's a bit useless if it's one millionth or less of your wealth, but even for rich people, a million is 1/10th to 1/100th or so, so worth the attention and time.

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