• Holy shit why is american real estate so cheap?
    188 replies, posted
Meanwhile in my town... [img]http://i.imgur.com/DX2M6.jpg[/img] [release]3 Bedroom home for sale. 1 large bedroom, living room, dining room, bathroom, kitchen, upstairs, and 2 good sized bedrooms, rec room, laundry room in finished downstairs. Home is on a double lot. Comes with all appliances F/S/W/D/DW&F. Has a 22x12 deck at back. Also has a wired portable garage, and 2 sheds. Available immediately.[/release] [b]$75,000[/b]
[QUOTE=Pace.;31445615]But the thing is, theres a lot less space in europe, and for this reason housing has traditionally been really expensive. Look at the size of Australia. This shouldn't be happening.[/QUOTE] Except that nobody wants to live in that giant fucking desert in the middle, so everyone huddles around the coast, resulting in hilariously expensive housing.
[QUOTE=DireAvenger;31447132]Except that nobody wants to live in that giant fucking desert in the middle[/QUOTE] I think they said that about Vegas at one point
[QUOTE=DireAvenger;31447132]Except that nobody wants to live in that giant fucking desert in the middle, so everyone huddles around the coast, resulting in hilariously expensive housing.[/QUOTE] That's what it seems like, until you drive though thousands of kilometers of barely used farm land ripe for the housing.
I live in inner city Melbourne and my house which is two bedroom + studio apartment thing out the back is worth over $1m and it's in a state of disrepair. It would be among the cheapest in the suburb. None of the houses here would be bigger than three bedroom but they'll all fetch around $1-2m. Australia is just fucking expensive to live in. [QUOTE=firestorm0;31445245][img]http://www.topgear.com/uk/assets/cms/004762df-d40e-4fdf-a894-41dcf49d3482/670x377Image.jpg?p=101206_10:51[/img][/QUOTE] I'm pretty sure James May went on to design my old High School: [img]http://img.xcitefun.net/users/2010/06/185810,xcitefun-fitzroy-high-school-2.jpg[/img] [editline]31st July 2011[/editline] [QUOTE=Zeke129;31424723]here in north america we actually use our rural areas, lots of space for houses[/QUOTE] We have quite an urban sprawl in Australia's major cities. Melbourne's urban and suburban areas reach from some 30-50kms north to about 80kms south of the CBD. Nearly everywhere up North is covered in farmland apart from the desert regions.
Reminds me of how things are in Vancouver, how just over the border in the US what's considered to be a low-end starter is a mansion. [url]http://www.crackshackormansion.com/[/url]
[QUOTE=TheDestroyerOfall;31446299]Australia has a tendency to cost more because they're slightly cut off from building materials, like lumber, or other suitable objects.[/QUOTE] Australia's not actually just a big desert with a rock in the centre, you do know that right?
I don't see that kind of stuff around here guess I must be in the wrong america
Why would OP ask that question. Are you all literally illiterate? Have you all never heard of the recession? The Real Estate/Housing bubble of 2007 which resulted in the majority of the worlds markets to fall into freefall? I mean, yes, the same thing happened in Asia in the 1990s, and the rest of the world went uncratched, but after the USAs bubble-poppage, chaos is still ensuing to this day. America has an economic empire, Our economical health effects the living qualities of literally every other country on earth, House ownership has caused our massive growth post 1950s until now. Our political system has became no more than a parties moral sport "to win" than what actually matters anymore, the people. This isn't a good thing regarding what's going on with normal American families. The people have gone rogue whilst washingtons credibility has became no higher than an NFL game. Seriously. American Real Estate is in comically bad shape currently, and the GOPs complete disregard for basic infrastructure development is really enough to question their motives when they still whine about "'merican jobs". I also find it shameful that half of [b]motherfucking [u]Africa[/u][/b] has higher infrastructure investment (% of GDP) than the US.
Nothing is as cheap as Braddock, Pennsylvania. An old steel mill town that went to shit after the steel mills closed and the 1980's crack epidemic. Now at least one person is gunned down a day. The shame is, you used to have to have huge money to live here. [url]http://www.homes.com/listing/139589384/1225_Kirkpatrick_Street_BRADDOCK_PA_15104[/url]
You all should expect an apartment construction to boom within the next 10 years. The housing market is gone.
[QUOTE=Shotacon;31459075]You all should expect an apartment construction to boom within the next 10 years. The housing market is gone.[/QUOTE] I like living in an apartment myself, personally. Less shit to clean, less maintenance to deal with. The only real "loss" is the feeling of not owning anything.
I'm embracing the death of the suburbs. Of all the places that took the most energy and pollution, suburbs are to blame.
[QUOTE=xgman236x;31431741]some of those houses might be "bank-owned" because people couldnt afford to pay mortgages and the bank foreclosed them. But not me, I'm doing just fine in my 4,000sqft home on long island most foreclosed people are mexicans who sell drugs and live off welfare[/QUOTE] Oh boy look at all this welfare money and don't forget the drugs I'm selling as well, I and my fellow Mexican family are so rich! Goddamn no wonder I pay for internet and cable while my dad pays our $800 month rent for a 2 br 2 bath apartment while having few bit of cash for our self. People need to get rid of this generalization of all Mexicans being lazy and criminals, yes VERY few that do come over here think there thug but not all. Out of all Mexicans I have met in my life a majority are extremely hardworking people while their kids tend to actually do something for themselves. I don't want to sound like a hypocrite about generalization but out of all these rednecks (note I said rednecks) here in Georgia complaining about Mexicans most if not all of them in my school dropout and THEY are the ones living off the government or selling pills/drugs and are just being lazy (I know a few friends that do this). I wish people can see things from my point of view being half Mexican and half American White being able to see things from 2 different races point of view makes understanding the racial tensions easier. :v: sorry for going off topic, anyways I notice a huge boom of Northern folk and people from California coming to Georgia with our extremely cheap housing in most royal and suburban areas.
Whee, the house I live in is probably worth over 1m, we were first on our street. Then again, my family built it in '04, and the price has risen from then on as our street developed. Western Massachusetts, if anyone was wondering.
[QUOTE=Captain Lawlrus;31424480][url]http://www.trulia.com/foreclosure/3056163051--Dwyer-St-Detroit-MI-48234[/url] $2700.00 [url]http://www.trulia.com/foreclosure/3054580070--Bloom-St-Detroit-MI-48234[/url] $440.00 [url]http://www.trulia.com/foreclosure/3051272515--Waltham-St-Detroit-MI-48205[/url] $1600.00 :usa:[/QUOTE] Wow what the hell, I could go buy one of those with the cash I have in my savings and still have money left over to spare. :v:
The houses in the US are crap, I'm serious. Look at the houses in Scandinavia if you want class.
[QUOTE=CrispexOps;31459072]Nothing is as cheap as Braddock, Pennsylvania. An old steel mill town that went to shit after the steel mills closed and the 1980's crack epidemic. Now at least one person is gunned down a day. The shame is, you used to have to have huge money to live here. [url]http://www.homes.com/listing/139589384/1225_Kirkpatrick_Street_BRADDOCK_PA_15104[/url][/QUOTE] Thats actually the exact opposite of what happened in sydneys inner west. 30 years ago, the inner west was home to mainly working class people who couldnt afford to buy free standing homes, and bought cheap townhouses instead. Now, the prices have gone up massively and working class families cant afford to live there anymore, pretentious hipsters have moved in and now the area is basically the "trendy" (read: hipsters and annoying lefty types everywhere) area. And because of all these rich uni student types moving in, prices have gone up even further, to the point where this [img]http://images.domain.com.au/img/201176/2846/2009095880_1_FS.JPG?mod=110801-115406[/img] can cost $985,000. Our property prices are fucked, and renting is becoming the mainstream which is absolutely horrible. Home ownership should be a right, not a privilege for the very rich few.
[QUOTE=Shotacon;31459216]I'm embracing the death of the suburbs. Of all the places that took the most energy and pollution, suburbs are to blame.[/QUOTE] and when that happens people in the suburbs will move to the rural areas and the housing market will come back to life generally once you own a house you will refuse to downgrade to an apartment even if it means changing jobs or commuting
[QUOTE=Shotacon;31459216]I'm embracing the death of the suburbs. Of all the places that took the most energy and pollution, suburbs are to blame.[/QUOTE] Fuck you too, man.
[QUOTE=Pace.;31422518]Also do americans hate apartments or something? Every property outside of new york i see is a free standing house. I wish it was like that here.[/QUOTE] Here Ill answer your question and you can answer mine: A lot of people like apartments. Studios are FUCKING AMAZING. Some New York apartments are very fancy, but they are also very expen$ive. And my questions is why does everybody always ask questions about america? What is it about this country that makes it soo interesting/worth talking about? Seriously, dont move here. That would be an idiotic idea. There are absolutely NO JOBS here. (none that pay good enough to live a good life on your own).
[QUOTE=chrishdman87;31463538]Here Ill answer your question and you can answer mine: A lot of people like apartments. Studios are FUCKING AMAZING. Some New York apartments are very fancy, but they are also very expen$ive. And my questions is why does everybody always ask questions about america? What is it about this country that makes it soo interesting/worth talking about? Seriously, dont move here. That would be an idiotic idea. There are absolutely NO JOBS here. (none that pay good enough to live a good life on your own).[/QUOTE] What is so good about a studio apartment? They have one room for basically everything except the bathroom. They look so cheap.
Well tbh I've only seen pictures. And it obviously depends where they are/what the cost is. You can find anything that "should" be nice but it turns out to be a total piece of shit. Studio apartments are (from my understanding) more "modern" apartments, and yes, some are cheaper then others, just like everything else in this world. But take my advice on not moving here, as you wont find work. And you didnt answer my question :( ETA: >They have one room for basically everything except the bathroom. Eeeh, im fairly sure there are studio apartments out there that have more then just one bedroom? Maby im misunderstanding the definition of a "studio" apartment. Plus you'll want something cheap once you first move here, unless you come rolling in with a lot of extra cash. (so you can get settled in and find a job and not have to worry about running out of cash).
[QUOTE=GhostG45;31422454]America is one great big suburb sprinkled with a few metropolitan areas. There can literally be miles upon miles of residential homes with little to no facilities for business or entertainment. (Only schools or big box grocery stores, generally.) It has its ups and downs.[/QUOTE] Don't forget the miles and miles of fields between those blotches of suburb. I get to live there. It's literally a thirty minute drive to get to the nearest store. Any store. The closest to me happens to be a gas station. ...then it's 45 minutes to get to a fast food place. [editline]1st August 2011[/editline] I would die without an internet connection.
[QUOTE=chimitos;31463691]Don't forget the miles and miles of fields between those blotches of suburb. I get to live there. It's literally a thirty minute drive to get to the nearest store. Any store. The closest to me happens to be a gas station. ...then it's 45 minutes to get to a fast food place. [editline]1st August 2011[/editline] I would die without an internet connection.[/QUOTE] Are you on satellite internet?
[QUOTE=chrishdman87;31463731]Are you on satellite internet?[/QUOTE] I was. ...and it was horrible. We had a 150 GB per month cap. If we went over, we got dial up speeds for rest of that month [B]and[/B] the month after that. Now we're on microwave. It works kind of like satellite, but instead of pointing to a satellite, it points into town where it just connects to the fiber there. Unlimited, and full speed.
[QUOTE=chimitos;31463754]I was. ...and it was horrible. We had a 150 GB per month cap. If we went over, we got dial up speeds for rest of that month [B]and[/B] the month after that. Now we're on microwave. It works kind of like satellite, but instead of pointing to a satellite, it points into town where it just connects to the fiber there. Unlimited, and full speed.[/QUOTE] Yeah, im basically in a forrest, so we're forced to have satellite internet. It's like $80 a month, for 1.5mbps + 1000ms latency.
It's about location. Sydney would be more akin to New York, where a good apartment would cost you at least $900,000.
It's all about location but the area I live in Texas has cheap hidden gems everywhere. Take for example this nice [url=http://www.realtor.com/realestateandhomes-detail/9979-Waterfront-Trail_Rowlett_TX_75087_M82571-35485?source=web]2 story, 2 garage, 4 bedroom, and on lake front property for only 135,000[/url] with record low crimerates in the area and just 30 minutes away from Dallas (large city). Now move this house to somewhere like Seattle, Washington and you can go ahead and throw another 3 zeroes on the end of that price tag. Location, location, and location is all that matters and for the exception of these small cities that most people never hear of.
Depends where you live. Generally, the closer you are to the coast, the more the houses cost.
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