I did notice my neighbor's house was listed just a couples of weeks ago and held only one open house and I saw a sale pending sign over the long weekend.
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Cheapest places to buy a home in U.S.
- Thread starter NSX GT
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I don't know how you Cali guys do it. Everything is insane expensive there.
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Here in Northern VA, a couple neighbors of mine each sold their house in less than 3 days. One for asking price, one for just above.
1600 sq ft colonial style townhouses with 2-car garage, average price 400-450k
Yeah I'm actually about to buy 2 rentals cash.
My only question is how much lower are they going to go?
I keep watching home prices, and they keep falling.
And I read that it's going to get a lot worse when interest rates go back up to historic norms. Much less if they spike to 15% like in the 80s. Home prices could fall another 50%.
What we experienced was the beginnings of a world wide great depression. There's no question about it. The guys in washington stopped it from happening. It's beyond me how they stopped it. Right now we shouldn't have a standing bank left.
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Prices are going up in my area...
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Better lifestyle means different things to different folks.
My home is 4 times the size of my relatives homes in San Jose/San Fran and I live on an acre where I can do stuff.
But their homes cost 4 times more than mine and have very little land.
Oh and I'm taxed MUCH less.
Oh and my suburban traffic is better.
Oh and I can get a Happy Meal when I go to McDonald's if I choose.
And lastly I don't have to deal with people like Batmans. :biggrin: (just playing man)
Weather? Pfft....I can take a vacation if I get sick of the winter. :biggrin:
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in Toronto/Vancouver those homes are about another 200 grand.
in singapore/hongkong its even much much worse.
in singapore/hongkong its even much much worse.
Actually the weather in Sequim WA where I own a second home is quite nice.
There is a meteorological anomaly called a rain shadow. Less rainfall then L.A
and 300+ days of sunshine. CNN on the money and the WSJ named Sequim WA one of the top places in the US to retire. Waterfront properties sell for a fraction of CA prices.
This in part is a bi-product of the lack of population growth in Japan.
The prices listed I saw from CNN last week. Even though they might not be in desirable locations, that's pretty low for median. I'm sure you can get a nice size house in better parts of those states still at a fraction if not 1/2 the price in Cali. right now and still have a few nice toys on the side.
S.F. Prices are still as high as the price pre dot.com bubble bust. I was fortunate enough to purchase 5 unit apt by Golden Gate Park in S.F. for $500,000 16 yrs ago. I would never go back to the city to live. Parking is so bad there, I'm renting out 2 open carport/drive way to a non-renter for $300-350.00 each a month.
S.F. Prices are still as high as the price pre dot.com bubble bust. I was fortunate enough to purchase 5 unit apt by Golden Gate Park in S.F. for $500,000 16 yrs ago. I would never go back to the city to live. Parking is so bad there, I'm renting out 2 open carport/drive way to a non-renter for $300-350.00 each a month.
They also had a financial crisis that was identical to ours in every way.
Were could you buy a nice house that cheap? I seen cheap but ugly and in bad areas. Is there a thing as a cheap house in a decent area any were in the USA?
I've been studying Richmond, Va prices. It seems like if you're paying more than 1999-2001 prices, you're paying too much.
The easiest way to do it is to go to zillow.com and they have a 'recently sold' checkbox. Filter out normal prices and super low prices and you'll see what the deals look like.
That said, you'll also notice everything is still falling in a lot of areas, so do you buy now, or wait?
I was looking at a rental this week that peaked at $180,000 and was listed for $68,000. Looked to be in perfect condition. Great location, one of the safest zips in America. The thing is, the last price drop was $20,000!!!! Percentage wise, that's massive. Falling knife.
And it also had 5 bids on it 3 days after being listed on mls.
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Thanks for the info. I just wish I had someone who does this for a living show me how it's done.
How is Ohio? We know houses are cheap but what's it like to live there weather aside? Is it diverse? What about jobs? Cost of living? Nightlife? For anyone that lives there do you like it? Pros and cons? What about Cleveland? I heard that area is really up and coming. Any info would be appreciated.
There's some good forums that just deal with it.
There's also likely local groups that meet up in your area.
Go to meetup.com and search for realestate groups around you.
Do you know the rough going rate for renting out that property?
Based on the selling price my guess is it's well over 10%, so looking from that angle even the price drop more at least you're protected by the rental income.
I think a lot of oil boom is happening in Ohio, heard from the news and TV.
My home town in South Jersey was quite affordable. I'm talking under $250 with a decent school district.
My home a bit north of Toronto ON. Bought for $360,000.00 in 2008 now valued at $465,000.00. Homes around here are nuts. Same house in the city around $600-800K (house is 1800 Sq.Ft with a finished basement).
Nice looking house, I always like colonial look of the houses in the East Coast. Is the 3rd picture your garage?
The last few houses I looked at were sold at $200k to $300k over the asking price, with 15 to 20 offers. Damn Apple employees...