Must be location specific everything in LFP is selling. Even if it’s a terrible money pit and they mostly are because contractor rates for Reno are outrageous. 50k for a small bathroom is considered normal. 12k for a deck is low. https://www.redfin.com/WA/Lake-Forest-Park/15855-37th-Ave-NE-98155/home/90284 Needed structural remodel and normal remodel. With the cost of labor is 300k of work for maybe a 1.2m house not including holding costs while they do the work which are around 90k a year. They wanted 1.1 down to 960 but you can’t unfuck it for that cost. https://www.redfin.com/WA/Lake-Forest-Park/3810-NE-178th-St-98155/home/92629 Pending with 15% escalation. For basic 2br 1 bath with a basement on a large lot. https://www.redfin.com/WA/Lake-Forest-Park/16051-36th-Ave-NE-98155/home/90064 Sold in 2 days 100k over needs a a remodel. Yet less than a month ago this guy went for 50 under because the initial sale failed. https://www.redfin.com/WA/Lake-Forest-Park/17031-35th-Ave-NE-98155/home/88409 Decent house but steep slope. It’s crazy out there man. Meanwhile this guy rents for an affordable 6k a month. https://www.redfin.com/WA/Mercer-Island/4456-Ferncroft-Rd-98040/home/257056 which is less than the mortgage with 20% down for any of the above projects.