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Old 01-25-2007, 03:05 PM
j33
 
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Steve-o - last time I was in Manhattan, I saw one room apartments (not one bedroom, but studios) being sold that started around 550k.
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Old 01-26-2007, 12:47 AM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 14,047,487 times
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Is that $335k condo a freehold or leasehold? Freehold is worth 1.5-2x over leasehold. Ill make a new thread asking why take a leasehold?

Manhattan is extremely expensive, half million dollar studios are common.
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Old 01-26-2007, 03:34 AM
 
Location: In the Redwoods
30,286 posts, read 51,736,045 times
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Quote:
Originally Posted by j33 View Post
Steve-o - last time I was in Manhattan, I saw one room apartments (not one bedroom, but studios) being sold that started around 550k.
Yeah, we have studios in this price range too (San Francisco area)... but they at least have space for a bed, bathroom, and kitchenette - unlike that 77 sf place!
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Old 01-26-2007, 03:48 AM
 
Location: In the Redwoods
30,286 posts, read 51,736,045 times
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Quote:
Originally Posted by Need_affordable_home View Post
Is that $335k condo a freehold or leasehold? Freehold is worth 1.5-2x over leasehold. Ill make a new thread asking why take a leasehold?
I have no idea, since I don't even know what those terms mean. Have you ever considered becoming a real estate agent? I'm serious, because you do seem very passionate & knowledgeable about the subject!
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Old 01-26-2007, 05:09 AM
 
Location: WPB, FL. Dreaming of Oil city, PA
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Ive considered many things but the computer field is what im sticking with. I can build, upgrade and repair computers as well as do graphics design and advertise on websites. I know alot about optometry and vision but its long, hard work to become an optometrist.


How big are those half million studios(or 1/1) you talk about? Let me check. Ok the smallest for about $500k is 539 feet. Theres some that are a little over 1000 feet. Most are 2/1 for half mil. Average cost is $600/foot with the best ones having ocean/bay views going for $1000/foot! I saw a very nice oversized 1/1 1050 luxury high rise at $723/foot. As a general rule, the bigger units have a lower per square foot cost. May make sense to share a two bedroom with a roomate, friend, girlfriend or boyfriend and you both save quite a bit
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Old 01-26-2007, 11:53 AM
 
Location: Tejas
7,599 posts, read 18,351,989 times
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I guarentee you can find a more expensive small apartment in Dublin. About 4 years ago when i wanted to rent a one bedroom apartment there it wouldve cost me $1200pm + utilies. And it was tiny!
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Old 01-26-2007, 01:22 PM
 
6,615 posts, read 16,492,621 times
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[quote=FistFightingHairdresser;305589]It's Knightsbridge, the weather is not the point. That area is where the £££ are.
[quote]

I know, FistFight, I was just taking a gentle jab at the Flroidians and would-be Floridians for whom no other factor than weather determines where they want to live!
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Old 01-26-2007, 08:51 PM
 
Location: Heartland Florida
9,324 posts, read 26,651,377 times
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This goes to show that even a dump can be grossly overpriced. Who wans to live in a place like London with horrible weather, and at those prices. Just goes to show there's too much money passing through there. Hopefully Asia will displace the UK cash flow.
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Old 01-26-2007, 09:30 PM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 14,047,487 times
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The thing I dont like is the leaseholds, please see my thread on that. I do like the maritime London weather, although it rains alot! The crime sucks though. You can get a home for a tiny fraction the price in a suburb of London
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Old 01-26-2007, 10:56 PM
 
Location: Perth, Western Australia
9,589 posts, read 27,699,348 times
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Quote:
Originally Posted by tallrick View Post
This goes to show that even a dump can be grossly overpriced. Who wans to live in a place like London with horrible weather, and at those prices. Just goes to show there's too much money passing through there. Hopefully Asia will displace the UK cash flow.
Well, between October and April it's downright balmy in London compared to Toronto.

If I had to choose, southern England's climate would be the lesser of two evils. London on a USDA map would be in Zone 9. We get more annual sunshine in Toronto, but that's only because our summer is sunnier.
(I found out on a BBC weather site.) And there's always Spain... (very popular vacation spot for Brits)

77 sq ft? I wouldn't even be comfortable with a kitchen that size.

I wonder if there's even room for a fridge...
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