If that's the case, you're going to go places that have lower than median households by a disproportionate amount, also likely higher crime, and steadily less accessibility.I think the root of your question should be what does my risk tolerance allow versus how cheap can I go?

I’m just curious on how some of you pros would start out if you had a stable dual income household $135k/yr, a 3 month emergency fund, and 15k saved up.

Some facts of the house:Location: Nassau County, NY, Town of HempsteadYear built:1929Purchase price: 290,000 in 2013Condition: AverageLot size sqft: 5000Livable sqft: 760I'm seeing several houses in my zip code that have been demolished and rebuilt into new houses with the maximum allowable livable square footage selling between $1.0M- 1.2M.Which is a better option taking into consideration, profit and capital gain tax (assuming my household income of 80K)1) Should I sell this house as is at $450K2) Demolish this house and rebuild it without taking out a loan.

Applicant(s) must have current photo identification and a valid social security number.Applicant(s) monthly household income must exceed three times the rent.

You may find that collectively (as a household) you may end up with a bigger tax bill/smaller refund when you file separately vs when you filing jointly.

Two adults means more household income which I find is safer if one loses their job.

., CBRE, Colliers).)Affordability: Ensure household income has grown at least 1% YoY for the past 20 years.

For many households, it may be beneficial to live closer to southern Collin county job centers.

Building practically stopped for 10 years between 2008 -2018 and then picked up for 2- 3 years and then got hit with pandemic work shortages/increasing materials prices/work stoppages and then immediately onto higher interest rates.... so it's not a clear cut path to victory but there is a massive shortage in house hold units and an increase in household formation.... so worth exploring.

. - Fannie Mae - home prices are expected to rise 3.2% in 2024.Household Formation Will Drive up ‘Sidelined’ DemandWith the supply of new homes, especially the largest cohort - existing homes -remaining low, pent up demand is likely “pent’ing up” on itself.