Property: What Can You Buy For $500,000?

[Cancuk]

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$549,999 CDN on Richmond hill, very nice part of town 20-30 mins from Toronto.










Description:
Outstanding Rosehaven Home,Upgraded,Premium Lot,Prof.Finished Walkout Bsmt With Wet Bar,3 Pcs Bath And Fireplace,Hardwood Floors,Pot Lites,9Ft Celings,2nd Floor Office Plus 4 Bedrooms,Precast Stone Front,Wrap Around Front Porch,Walk To Schools,Shopping And Transit And Parks. Fridge,Stove,B/I Dishwasher,All Electric Light Fixtures,All Window Coverings,Central Air,Garage Door Openers.

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You could never get something this nice in Vancouver for those prices. minimum 1 - 1.2M for that.

[john voight]

I don't really want to give my city away. I live about 20 miles south of San Fransisco in the San Mateo County (narrows it down to about 3 or 4 eh?).

This is the closest I could find to 500k:



* Condo/Townhome/Coop Property
* 1 total bedroom(s)
* 1 total bath(s)
* Approximately 832 sq. ft.

$499k

Here is the cheapest property in my city (realtor.com):





1 Bed, 1 Bath, 880 Sq. Ft.
$418k

Cheapest house is this POS:



2 Bed, 1 Bath, 930 Sq. Ft.
$759,000

[4thstreetpete]

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You could never get something this nice in Vancouver for those prices. minimum 1 - 1.2M for that.


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Darn, I'm really considering moving to Vancouver from Toronto, I just love Van city so much. Been thinking about it for some time but I've heard home prices there were out of control. Reading this thread I'm really having second thoughts, some of the prices are just outrageous for a complete dump. [img]/images/graemlins/frown.gif[/img]

[prohornblower]

That is sick. I was just in SF last week and I took a drive down to San Bruno to play some cards at Artichoke Joe's. The homes out there are small, so today I go on Zillow to check out the prices and the average is like 800K for that town. lol. I can get probably 2400 SQFT here in Houston for 150K. But it's Houston. Not San Francisco. [img]/images/graemlins/frown.gif[/img]

[raptor517]

lol im soooooo happy i live in texas. everything is so cheap for what u get.

['Chair]

Texas...houses look insanely cheap until you factor in ~3% in property taxes + insurance...yikes.

[prohornblower]

[ QUOTE ]
Texas...houses look insanely cheap until you factor in ~3% in property taxes + insurance...yikes.

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You forgot to deduct State Income Tax. [img]/images/graemlins/grin.gif[/img]

[Mano]

I live in the Salt Lake City area.

If you want to live out in the boonies, 500k can get you something like this:



Newer house, about 4100 sq. ft.

If you want to live close to the city in a nice area, 500k gets you this:



Older house, about 2800 sq. ft.

[king_of_drafts]

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lol im soooooo happy i live in texas. everything is so cheap for what u get.

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QFT, and move to Austin plz (in all honesty you would probably like it a lot more than Dallas). My mom is a real estate agent...

[john voight]

How is texas so cheap?

I mean it has several huge cities, some of which have headquarters of nice businesses, and a stream of illegals coming over the boarder.

Are house prices going to skyrocket in the next 5 years?

Also how do new homeowners afford to live in the SF Bay Area? I mean my house is prolly in the 1.8m-2.1m neighborhood, but thats b/c my parents bought it 20 years ago when prices were not insane.