02-25-2004, 11:46 AM | #1 (permalink) |
Crazy
Location: Sunny San Diego
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How much does a house cost where you live?
It's becoming more and more unrealistic for the "average" family to buy their first home. I'm curious to see how much real estate costs around the country and around the world.
I live in San Diego, California (admittedly one of the most expensive places to live in the USofA), and a small 3 or 4 bedroom house will cost anywhere from 400K to 800K depending upon the location. A 2 bedroom condo will run about 200K to 400K. It seems pretty rediculous to me. |
02-25-2004, 11:51 AM | #2 (permalink) |
Addict
Location: Nottingham, England
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In the UK house prices have gone through the roof. I live in Nottingham and 3 years ago I brought my house for £28,500. Last month my neighbour sold his for £79,000. I know a number of first time buyers who despair of ever buying their own home.
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02-25-2004, 11:57 AM | #3 (permalink) |
Psycho
Location: Memphis
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We bought our first house in Memphis last year.
2 bedroom bungalow in midtown $110k Same house in other more desirable neighborhoods were $129k-$169k
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When life hands you a lemon, say "Oh yeah, I like lemons. What else you got?" Henry Rollins |
02-25-2004, 12:21 PM | #6 (permalink) |
Junkie
Location: NJ
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It really depends. I bought my house for $70k 5 years ago. It's a small lake cottage on about a half acre that was repossessed by the government. It's worth around $200k now but a good portion of that growth is due to the fact that I bought it at such a low price because it needed work and hadn't been lived in for several years.
Now, if you want to know the typical price of a newly constructed 4 bedroom house in my area it would be between $300 and $400k. Entry level homes (pre owned with 2 or 3 bedrooms with 1 to 1 1/2 baths) are around $180k.
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Strive to be more curious than ignorant. |
02-25-2004, 12:24 PM | #7 (permalink) |
Upright
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I bought my first house last year when the interest rates were super low (I got 4.45%) for $103,000. The house is a brand new 2 bedroom, 1 bath, 1 car garage, and an unfinished basement. I plan on finishing the basement in to another bedroom and another bathroom. When its all said and done I will have a 3 bedroom, 2 bath with about 1500 square feet of living space.
I would guess that the reason the price is so reasonable is because I live in western Iowa. |
02-25-2004, 12:42 PM | #8 (permalink) |
I'm not a blonde! I'm knot! I'm knot! I'm knot!
Location: Upper Michigan
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My Dad just bought a house to remodel. When he's done it will be 3 (large) bedroom, 2 1/2 bath (I think), large livingroom, office, patio/deck, 2 car garage, and full basement. He's gonna be asking $39K for it. It's in a decent but slightly older part of town. In our town of 10,000 there aren't hardly NON-decent parts. It's only about 2 blocks from the Wisconsin River. We've actually considered trying to buy it but we've nothing saved up for downpayment. He even plans to have a wood staircase and chandelier in the entry. Should look nice. Rent even is pretty low $350 - $550 depending on where you go. Now property taxes are the highest in the nation I heard. They are exceptionally high however you cut it.
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02-25-2004, 12:48 PM | #9 (permalink) |
Tilted Cat Head
Administrator
Location: Manhattan, NY
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in manhattan????
US$700k for a 3 bedroom... that's in my neighborhood... other places in manhattan sell for no less than US$1 mil....
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02-25-2004, 02:57 PM | #10 (permalink) |
whoopity doo
Location: Seattle
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Just bought my first house in Federal Way Washington (20 minutes south of Seattle). for $150,000. Its a 3 Bedroom and a slight fixer. It was repossessed from the previous owner prior to my purchase. It would have otherwise sold for around $170.
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--size matters not-- yoda |
02-25-2004, 03:43 PM | #11 (permalink) |
Observant Ruminant
Location: Rich Wannabe Hippie Town
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In Santa Cruz, California, an exceptionally nice place on the coast, with a beach, 25 miles south of Silicon Valley, if you look _real_ hard you might find a 50-year-old, run-down ranch house, 1200 square feet maybe, 3 BR if you're lucky, for $600K.
Ten years ago, this wasn't a real expensive town. Lot of counterculture and such here. But it got bad at the dot-com boom, and kept getting worse afterwards. A lot of people pulled their money out of stocks and put it into property. And lower interest rates helped. Thing is, the actual _wages_ here in town aren't that high, unless you're working over the hill. So they have a hard time recruiting new cops, new teachers, new civil servants, everything. And families that didn't already own homes are moving out because they can't afford to buy. So there are fewer and fewer kids in town. Because of the gap between home prices and wages, Santa Cruz is regularly rated as one of the three least affordable housing markets in the nation. It's ugly. |
02-25-2004, 09:42 PM | #12 (permalink) |
Addict
Location: Calgary, AB
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I live in Calgary Ab, population of about a million. You can get a real nice 4 bedroom brand new home in a good area for about $250 000.
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"Is it so small a thing to have enjoyed the sun, to have lived long in the spring, to have loved, to have thought, to have done." -Matthew Arnold |
02-26-2004, 07:26 AM | #14 (permalink) | |
Psycho
Location: Memphis
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Quote:
And damn Cynthetiq, I heard the cost of living in Manhattan was outrageous, but holy cow...what's a gallon of milk run?
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When life hands you a lemon, say "Oh yeah, I like lemons. What else you got?" Henry Rollins |
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02-26-2004, 08:14 AM | #15 (permalink) |
Chef in Training
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Queens, New York City.
Right next door to me a house is going for the asking price of $660,000. Three level three bedroom rowhouse with front and back yard.
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"We are supposed to be masters of space, but we cant even line up our shoes?" One life, one chance, one opportunity. |
02-26-2004, 08:19 AM | #16 (permalink) |
Junkie
Location: Louisville, KY
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Christ, y'all have expensive homes.
My house is a four-bedroom, two and a half bath two story brick home with sunroom, living room, family room, dining room, and kitchen in a really nice neighbordhood on almost an acre of land. I think it was about $180,000. Oh, and I live in rural Kentucky, btw.
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02-26-2004, 08:37 AM | #17 (permalink) |
through charlatans phone
Location: Northcoast
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In Rochester, N.Y.
Bought my first house in 1980(in the city) for 33,000 and sold it three years later for 54,000. House #2, 1983 (suburbs) for 69,000. Sold it eight years later for 99,000 Finally, house #3. Purchased in '92 for 100,000 (back in the city). Just recently had it appraised for a home equity line for 140,000. But really, go this way a mile, and you'll find properties for 5 or 600,000, and go that way for five blocks and find em for 45,000. The one constant though............THE TAXES SUCK! (I Love NY) |
02-26-2004, 11:49 AM | #18 (permalink) | |
Registered User
Location: Wales, UK
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Quote:
I know what you mean. Last January I paid £67,500 for a three bedroom house and its worth about 90,000 1 year later. What the fuck? |
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02-26-2004, 11:54 AM | #19 (permalink) |
Crazy
Location: Sunny San Diego
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I guess I better add my details:
I purchased a 2 bedroom/1 bath condo (1000 sqft.) about 8 months ago for 210K. I just had it reappraised at 300K. Its absolutely insane how quickly prices are jumping here in Cali. It feels good to get my foot in the door, but I definitely don't think I'm getting my money's worth, and I'm constantly afraid that the bottom will drop out of the market and I be left with a huge debt and nothing to show for it. Thanks every one for your responses. This is very interesting stuff. |
02-26-2004, 04:17 PM | #21 (permalink) |
Insane
Location: PA
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The house I live in was assessed at $290,000 five years ago. Homes in my area are appreciating value like crazy. The market value of this house now is over $500,000! It's a 6 bedroom, 2 living room, 3.5 bathroom, 1 dining room, 1 kitchen, 2 car garage, and basement. About 4,500 sq ft and the property is 32,000 sq ft.
-Robert |
02-26-2004, 05:07 PM | #22 (permalink) |
beauty in the breakdown
Location: Chapel Hill, NC
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Things here in Chapel Hill are pretty bad in the area around the university (to be expected)... The house across from my fraternity house sold for 1.2 million, and the property my fraternity house sits on is worth 9.9 million. Pretty damn ridiculous.
Charleston, where my family is from, is the same way. In some cases, you can pay close to 7 million for a 1500-2000 sq. ft. apartment. Absolutely nuts.
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02-26-2004, 05:19 PM | #23 (permalink) | |
Observant Ruminant
Location: Rich Wannabe Hippie Town
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Quote:
Our neighborhood used to be all Hondas, but now there's a big Beemer across the street and a Jag next door. Both houses occupied by one very-well-heeled person each. |
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02-26-2004, 05:26 PM | #24 (permalink) | |
Darth Papa
Location: Yonder
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Quote:
We couldn't afford Chapel Hill, so we bought right on the CH edge of Durham. Our 1200 square foot 3 bedroom house cost us $119k. The last tax valuation was $130ish, and that didn't account for the upgrades we've made (hardwood floors, fenced backyard). |
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02-26-2004, 06:57 PM | #26 (permalink) |
Addict
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In Mass., as of Jan., the average selling price for a single-family home rose to $399,332. This is the AVERAGE for the whole state, including depressed areas and boonies. My deceased Grandma's house just sold for $309,000 and that was a small cape built in '62 and not in great shape - sm. old kitchen one sm. bath and two small bedrooms. My house, with 1.5 acres and 1200 sq. feet I bought for $120,000 10 years ago and is now worth over $400,000 (now 2100 sq. ft 4 bed 3 bath). My area is cheaper than anywhere within an hour of Boston, where prices can be double what they are here.
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02-27-2004, 07:09 AM | #27 (permalink) |
I'm a family man - I run a family business.
Location: Wilson, NC
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My house at home (I'm in college) is around 3,900 square feet. It was built in the 50s, it's a VERY nice house, I'm glad we moved into it recently. We just came from one of those generic prefab houses that they put new developments up with. Our old house was 2000 square feet, and made out of twigs. It was $130,000. We moved out after 6 years and we live in the 3,900 square feet one now. It's 5 bedroom, 3 1/2 baths, dining room, kitchen, formal living room, den, and then the gigantic downstairs area (this room is bigger than a lot of entire houses I have been in). It was $200,000. Apparently this is pretty cheap compared to a lot of areas. I live in North Carolina.
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02-27-2004, 07:54 AM | #28 (permalink) |
Crazy
Location: Houston, Texas
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Here in Houston I just bought a 4/2.5/2 house for $180k. It's two stories, 2500 sq ft., and about 6 years old. Has a nice gameroom, study, and formal dining room.
My parents on the other hand, are building a house. It's 5500 sq ft, 4/5/4 and goes for about $800k. Though the appraisal on the house is about $1million. It's completely custom built and sits on about 2 acres, with 200ft of lakefront property. |
02-27-2004, 09:09 AM | #29 (permalink) |
Illusionary
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Another Rochester, Ny. We just bought a 1928 colonial, all hardwood 1/3 acre completely updated and full of personality. We paid $93,000 on an appraised value of $80,000. We paid this because of the location. In two months the fast ferry starts service less than a mile from us, and the property values have already gone up due to this.
Our house is the oldest for three blocks in any direction and completely stands out. We paid more for the eclectic value we percieved, and the expected increase in value for the area. The taxes in NY definately suck though. Stats 1500 sq.ft. Cedar siding Detached 2 car garage new roof,siding,electrical,woodburning stove,and furnace large fenced lot 3 br. 1 1/2 ba. 9 rms redwood interior and trim huge screened porch 10 min. walk from charlotte beach excellent schools (greece N.Y.)
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02-27-2004, 09:35 AM | #30 (permalink) |
Loser
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Back in CT, moderately small town (51000 people), prices varied drastically depending on whether you were north end, south end, or between. The typical between home would cost anywhere from $130k+ to well over $300k depending on where you looked, moreso than the house itself.
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02-27-2004, 10:48 AM | #31 (permalink) |
Completely bananas
Location: Florida
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Geez, you guys should move to Florida.
We built our house in 2000...it's got 4 bedrooms, 2baths, 2 car garage, and the price (including a 1/4 acre lot) was just over $100k. It's our first house, and we had no down payment even. Of course, now the real estate market has shot up, and our house is worth a lot more...I'm sure glad we stopped renting! |
02-27-2004, 02:22 PM | #32 (permalink) |
Too Awesome for Aardvarks
Location: Angloland
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eusch, don't even get me started on house prices where i live...
our house has gone from £150k to well over £900k in a little less than 15 years, the average house on my street now sets you back about £1.2mil, compared to a quater of that 10 years ago. |
02-29-2004, 03:48 PM | #35 (permalink) |
Drifting
Administrator
Location: Windy City
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in the metro Phoenix area, my friend had a brand new house built and finished last july- 3 bedroom, 2 bath, about 2000 sq feet for about $140k. When appraised in Jan, the expected value had already jumped to almost $200k. It's absolutely insane!
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Calling from deep in the heart, from where the eyes can't see and the ears can't hear, from where the mountain trails end and only love can go... ~~~ Three Rivers Hare Krishna |
02-29-2004, 04:59 PM | #37 (permalink) |
.
Location: Tokyo
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here in my suburb in Sydney, a very average block of land (ie, no house) went for $A685,000, last week.
(thats just a bit over $US535,000). (btw, an average block here is a quarter acre) Sydney real estate prices have been in a silly bubble for a long time now, and its finally starting to plateau. the average house price in Sydney is about $A550,000... (thats about $US430,000).
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02-29-2004, 06:23 PM | #39 (permalink) |
Upright
Location: NJ
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Right here, half way between NYC and Philly in the country, the prices are getting rediculous. My family bought a 2 bed 1 bath cape for $114K about 8 years ago and it was just reassesed for $210K; and we're po' folk round here. Most of the new housing is cornfield colonials for rich people. They go for at least $400K+; I'm guessing most fall around $800K. It's insane around here.
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02-29-2004, 07:05 PM | #40 (permalink) | |
Guest
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Quote:
Bigger homes, more yard new to newer consruction: $170-$250,000. Older homes as fixers are decently priced, but it's hard around here, because S. Hill is the wanna-be Bellevue w/view of Mt. Ranier in a lot of places. We have a lot of quadrant homes and those tightly-squished ny-like houses too. But I would love to live in the scenic peaceful area of Sunrise. |
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cost, house, live |
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