• Couple’s fury after the garage at their new £200,000 home is too narrow for their cars
    64 replies, posted
You guys have to keep in mind that outside the US housing real estate is generally much more expensive, because 1. Frankly, there's a lot more physical space per population in the US. Higher concentrations of people mean land value generally is higher, because space becomes valuble. 2. US houses are made much more cheaply than UK ones, partially because thats how the market works (more on that below) and partially because simply put, there's a lot of "old" real estate and old aesthetic and structural building standards in europe because it's a much older continent by western civilzation standards - AKA not nearly as cheap to make or maintain lower value housing compaired to US 3. The market is such that everyone and their mother is encouraged to buy homes, it's practically how you live in the US. Suburbs are something that don't exist all that much outside the US for example. Because the market for homes has much higher demand here in the US than elsewhere, there is much more people playing the housing market and trying to get people in homes, thus homes are generally cheaper here. Where I live, I could get a two story three bedroom home with a large garage and a basement and a full sized kitchen for around $200k. Or I could get an old and small "Huber home" with a mortgage that is cheaper than my rent ($400/mo). The market is so large, so active and so diverse, that it simply drives the prices down compared to other countries where owning your own home is much more "exclusive" and not nearly as common. That said housing isn't nearly as popular now as it used to be (the whole "american dream" crap), which is why the market crashed when everyone and their mother started building homes and trying to get people to move into them, with no bitings and the banks starting to default on that investment.
[QUOTE=Scot;40714055]What's the average price for a house in the US?[/QUOTE] Pick a state. Then pick a county. Then pick a neighborhood. You can find houses as cheap as $20,000 or as pricey as $500,000 all within the same 20 square miles. For what it's worth my 2bd2bth brick home on 2.4 acres is about $75K. But I'm out in bumfuck nowhere.
[QUOTE=TestECull;40722247]For what it's worth my 2bd2bth brick home on 2.4 acres is about $75K. But I'm out in bumfuck nowhere.[/QUOTE] Sounds good to me. That same house right where I live would probably cost you about $500,000 right now. Maybe around $700,000+ a few years back before the market went soft. I've seen some pretty amazing deals on houses in america... prices that are approaching the realm of pocket money for an Australian house buyer. I've been very tempted to purchase a house in America over the years, seen some amazing beachside shacks with 3+ bedrooms for insane prices.
[QUOTE=pentium;40717191]Homeowners Rule #1: [b]NEVER[/b] consider your home as an investment. Consider it the alternative to sleeping in a cardboard box. Why the fuck do so many people these days try and thing they can make loads of cash on the only roof over their head?[/QUOTE] thats a great rule to live by if you want to live in the same house your entire life
Sorry, you need to Log In to post a reply to this thread.