Very interesting 2+2 thread about real estate

by **Xaston** » Thu Jul 05, 2007 3:57 pm

The title of the thread was "Property: What Can You Buy For $500,000?"

The idea was that everyone would post a few pictures and small description of a house/condo/apartment you can buy near you, for $500k. The disparity is absolutely shocking. The mansions you can get for half a mill in Texas are insane. Texas is not really a place I ever gave more than a second thought to living in until this thread. Seriously wow.

by **NorthView** » Fri Jul 06, 2007 8:38 am

by **black_knight6** » Fri Jul 06, 2007 10:43 am

by **SinkRox** » Mon Jul 09, 2007 3:57 pm

Yeh, complete rip-off here in Brighton too.

I read house prices have risen far more than inflation over the last 10-15 yrs? And eventually they will drop again to the resonable price they once were?

by **black_knight6** » Mon Jul 09, 2007 9:06 pm

by **Felonius_Monk** » Tue Jul 10, 2007 2:19 am

by **JJSCOTT2** » Tue Jul 10, 2007 3:09 pm

by **Big_Leon** » Tue Jul 10, 2007 3:23 pm

by **Felonius_Monk** » Tue Jul 10, 2007 3:28 pm

by **Big_Leon** » Tue Jul 10, 2007 3:38 pm

I actually read something recently that showed London was indeed one of the most expensive cities to live in along with Seoul, Tokyo, and Hong Kong. I think Paris was up there pretty high as well.

As for Houston it's completely true that you get can get amazing amounts of house for the money but you have to factor in the other things that go along with that. Property taxes here are just insane. I think my tax rate is hovering right around 3%. Also, these huge properties are pretty far out in the burbs so those people that work downtown often drive 30-40 miles each way. To buy property "inside the loop" you still have to drop a pretty penny to have a decent place to live.

Luckily for me my company is located in the burbs so I don't have to deal with any of that commuting crap but I still cry every fall when I get my tax assessments. 8-)

by **JJSCOTT2** » Tue Jul 10, 2007 3:41 pm

So on a 300k property you're looking at paying around 9k a year in taxes? That sounds pretty high I guess but I have no idea what property taxes are in other parts of the country, what would you say is more standard?

Plus as far as Houston almost being a real city, it wasn't meant to be negative, it's a real city in the sense that Tampa (where I live) is a real city I guess, just meant that its not NYC/Boston/LA/Chicago, but not many places are.

by **Big_Leon** » Tue Jul 10, 2007 4:32 pm

by **emmasdad** » Tue Jul 10, 2007 4:35 pm

by **Big_Leon** » Wed Jul 11, 2007 7:15 am

by **black_knight6** » Wed Jul 11, 2007 10:30 am

Very interesting 2+2 thread about real estate

Very interesting 2+2 thread about real estate

Re: Very interesting 2+2 thread about real estate

Re: Very interesting 2+2 thread about real estate

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