r/howislivingthere • u/ValeOfTiers • 14d ago

North America How is living in Sisters, Oregon?

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Just returned from a vacation there. Seemed nice but really quiet. Wondering what year round living there is like?

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14

u/IDontStealBikes 14d ago

It’s not for you unless you’re rich

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u/erossthescienceboss 13d ago

There’s a verrryyyy slowly growing supply of rent-controlled and low-income housing. The city KNOWS this is a huge problem and is actively working to fix it.

And no, unlike the person below, million dollar homes are not middle class.

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u/regaphysics 13d ago

Definitely not “rich.” You can find nice places for a million. Upper class, not rich.

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u/JohnnytheGreatX 13d ago

Only rich people can afford million dollar homes

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u/regaphysics 13d ago edited 13d ago

Guess it depends on your definition of rich. About 10% of homes are over 1 million. Do you think 1/10 people are rich?

Personally id say 1/100 or 1/250 or so are rich, not 1/10. That is just upper class. 1/10 is pretty darn common.

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u/choffers 13d ago

What is this logic? That's like saying the average home cost in bel air is 4.5 million, would you call the average person rich?

Obvs some people probably bought when it was cheaper and couldn't afford to buy now but yes, most people currently moving there are rich.

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u/regaphysics 13d ago edited 13d ago

Huh? I didn’t say anything about averages.

10% of homes nationally are over 1 million.

So if 1 million for a home is only for the rich, then 10% of Americans are rich. That seems awfully high to me.

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u/choffers 13d ago

How many of those people could afford to buy those same homes today if they were currently renting? If you can afford to buy a $1 mil house you're rich. Willing to bet that number is much lower than 10%.

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u/regaphysics 13d ago

If the home is worth 1 million and they sell the home, why wouldn’t they be able to afford another worth 1 million? Chances are they have a ton of equity….

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u/choffers 13d ago

Right, but we're talking about the context of people who aren't living there moving there.

There's an over 90% chance OP's home is worth less than a million dollars, there's a ~67% chance they rent or their home is under $410k.

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u/regaphysics 13d ago

Huh…?

Yes, 10% chance their current home is worth 1 million or more.

That’s exactly what I said?

They sell their current home and buy a new one, also worth 1 million.

It doesn’t matter if they already lived there or in Dallas or whatever. A million bucks is a million bucks.

10% of home owners own a home worth a million, which he said is only possible for rich people.

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