Property: What Can You Buy For $500,000? - Page 13

prohornblower · #**121** 07-10-2007, 11:50 PM

Interest-only ARM's. I'm pretty sure many of them are just renting the lifestyle, not building any equity.

slickpoppa · #**122** 07-12-2007, 12:19 PM

http://money.cnn.com/2007/07/12/news...ex.htm?cnn=yes

$450,000 will buy you two parking spots in Manhattan

schwza · #**123** 07-12-2007, 12:52 PM

[ QUOTE ]
http://money.cnn.com/2007/07/12/news...ex.htm?cnn=yes

$450,000 will buy you two parking spots in Manhattan

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there's also a short video on what $1m will buy you on that page.

0evg0 · #**124** 07-12-2007, 01:53 PM

raptor,

I've been kind of curious as to where you and Durr are living in Dallas. I'm not incredibly familiar with the area, but I can't see you guys living in Highland Park and that's really the only thing I can come up with, unless you live in "Dallas" and are really nowhere near downtown.

Anyway, since Texas has been done to death because it's so awesome, this is Sarasota, FL where I used to live.

It's impossible to get anything anywhere near the beach for $500k unless you're willing to take the dumpiest of all dumps, so this is about 10-15 mins from the beach in a decent subdivision in town. Not an awesome area.

3BR 2BA 2,077 sqft Built 1988

$519,000

cbloom · #**125** 07-12-2007, 02:41 PM

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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.

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Lots and lots of open land and the cities spread out like crazy. There are some more expensive neighborhoods, but if you want a cheap house you can buy a mansion in the suburbs for pennies. They just keep adding more suburbs to the outside of the cities.

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

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They already are starting to in some parts of Austin.

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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.

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People buy house-shares of some kind now. It's pretty awful.

One of the more creative ways is to get a pool of investors together to buy a property, then you get to live in it and pay "rent" to the investment company (which you are part of).

But yeah basically only people with Google options are buying houses.

cbloom · #**126** 07-12-2007, 02:44 PM

So, seriously as a US citizen can I buy a house somewhere in Scandinavia and live there? It looks beautiful and cheap. I know it gets cold but it can't be worse than Montana or something.

kyleb · #**127** 07-13-2007, 07:44 PM

[ QUOTE ]
http://money.cnn.com/2007/07/12/news...ex.htm?cnn=yes

$450,000 will buy you two parking spots in Manhattan

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Two?

I find that hard to believe.

kyleb · #**128** 07-13-2007, 07:44 PM

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So, seriously as a US citizen can I buy a house somewhere in Scandinavia and live there?

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The short answer is no.

TxRedMan · #**129** 07-14-2007, 09:43 PM

[ QUOTE ]
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.

[/ QUOTE ]

it is, and it isn't.

i can drive 10 minutes from here and there's a neighborhhod called highland park, which is huge, and most homes are around $1M-$3M, and then next to it is university park, and homes are around $1M there, too.

in east dallas you can get a nice 2,000 sq. ft home in a good area for $275,000.

if you go to the suburbs you can find some where you'll get a 4000 sq. ft home on 1-5 acres for $500,000.

it's easy to spend $350,000 on a home in dallas these days, and plenty of $1M homes, too.

elus2 · #**130** 07-15-2007, 04:13 AM

920sq ft. 2 bed, 2 bath built in 1999
Downtown Vancouver

Description: [ QUOTE ]
Features include 9' foot ceilings, elegant crown mouldings, laminate wood flooring throughout, tasteful tiling in bathrooms, 2 soaker tubs, cozy gas fireplace, stainless steel appliances with gas stove, granite kitchen countertops with 8' breakfast bar, in suite laundry, security system etc. Close to shpg, fine dining and entertainment district are a bonus.

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