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Old 07-03-2007, 09:55 AM
 
Location: Scottsdale, AZ
4,486 posts, read 15,293,605 times
Reputation: 3936

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Quote:
You can buy a home for $200 to $250 in the Houston - Dallas area? That's shockingly cheap. Sounds like no money to me. In Seattle you truly are looking at $450,000 to $550,000 to buy a decent real home (not a condo) in the city limits, and some of the surrounding areas are just as expensive. My girlfriend bought a house in Bellevue like 2 years ago, and paid $425,000 and thought she got an amazing deal on the home. Btw, she works at Microsoft and bought a home as a single woman!
I think there is a thread floating around that discusses the most affordable cities. But yes, it is possible to get a nice home for $250,000 in some cities such as Dallas, Houston, Austin, San Antonio, Denver, Minneapols-St. Paul and Atlanta.

Quote:
You might be able to find a dumpy condo in the city of Seattle for $200 to $250.
I've seen quite a few NICE condos in downtown Seattle for $225,000-$275,000 for a 1 bed/ 1 bath.
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Old 07-03-2007, 10:24 AM
 
117 posts, read 468,993 times
Reputation: 35
There are several cities in Florida that seem to be overpriced(Fort. Myers, For Lauderdale, Orlando) when you take in account the cost of real estate (including taxes and insurance) and whether or not most of the people in the area can afford to buy.
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Old 07-04-2007, 10:44 AM
 
Location: Bronx, NY
2,806 posts, read 15,211,113 times
Reputation: 1076
Philadelphia is probably the most affordable city in the Northeast. You can buy a 3br row home in Philly, in a nice middle class neighborhood, for $200k.
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Old 07-04-2007, 08:03 PM
 
Location: Arlington, VA and Washington, DC
23,653 posts, read 33,472,314 times
Reputation: 32369
Quote:
Originally Posted by lammius View Post
Baltimore Va Bch and Norfolk??? Perhaps the biggest bargains on the east coast!!
No Atlanta, Charleston, Charlotte are the biggest bargains on east coast. You'd need at least 300K for a decent sfh in Va Beach, Norfolk and more in B-more.
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Old 07-04-2007, 08:08 PM
 
Location: Midwest
1,903 posts, read 7,285,468 times
Reputation: 464
Chicago is enigmatic. It's just another Midwestern city (industrial base and railway lines), with a lake and a river ... but it's also a global center. So it's overpriced if you compare it to Cleveland or Milwaukee (which also has rivers and lakes), but a bargain compared to oh, say, Berlin.
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Old 07-05-2007, 07:23 AM
 
Location: Seattle
40 posts, read 200,518 times
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Quote:
Originally Posted by SpeedyAZ View Post


I've seen quite a few NICE condos in downtown Seattle for $225,000-$275,000 for a 1 bed/ 1 bath.
Well 'nice' can be quite subjective. Condos in that price range, from what I can see, are a rare bird. A studio downtown maybe?

Nice Seattle Condo for a Great Price! (http://seattle.craigslist.org/see/rfs/363999402.html - broken link)

Luxury High rise Studio Condo (http://seattle.craigslist.org/see/rfs/363265518.html - broken link)
^ That's a lovely studio for $275,000.

Downtown Area Condo (http://seattle.craigslist.org/see/rfs/363900709.html - broken link)
^ Another studio - $277,000 - and same buidling as above.

The overwhelming majority of condos on craigslist were well above that price range, and to be able to buy a nice studio for $275,000 is no bargain to me.
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Old 07-05-2007, 07:29 AM
 
407 posts, read 2,089,591 times
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Boston, New York City, D.C. (Metro),
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Old 07-05-2007, 12:51 PM
 
43 posts, read 175,537 times
Reputation: 34
Theoretically, nothing is "overpriced", since the market itself decides what the "correct" price is.

There is a reason homes are cheap in Cleveland and expensive in San Francisco. And it is NOT because San Francisco is "overpriced".
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Old 07-05-2007, 01:19 PM
 
Location: NJ
12,284 posts, read 31,788,437 times
Reputation: 5225
Quote:
Originally Posted by AVMan View Post
Theoretically, nothing is "overpriced", since the market itself decides what the "correct" price is.

There is a reason homes are cheap in Cleveland and expensive in San Francisco. And it is NOT because San Francisco is "overpriced".
yes. I agree. I think "expensive" and "overpriced" are being used interchangeably in this thread, and they are not synonymous.
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Old 07-05-2007, 01:21 PM
 
Location: NJ
12,284 posts, read 31,788,437 times
Reputation: 5225
Quote:
Originally Posted by UmbrellasYearRound View Post
Well 'nice' can be quite subjective. Condos in that price range, from what I can see, are a rare bird. A studio downtown maybe?

Nice Seattle Condo for a Great Price! (http://seattle.craigslist.org/see/rfs/363999402.html - broken link)

Luxury High rise Studio Condo (http://seattle.craigslist.org/see/rfs/363265518.html - broken link)
^ That's a lovely studio for $275,000.

Downtown Area Condo (http://seattle.craigslist.org/see/rfs/363900709.html - broken link)
^ Another studio - $277,000 - and same buidling as above.

The overwhelming majority of condos on craigslist were well above that price range, and to be able to buy a nice studio for $275,000 is no bargain to me.
it's all a matter of perspective I guess. those same condos in a good area of Manhattan would be at least $650K (if not more). $275K seems like a steal to me.
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