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That covers Southern California. Not sure you can get anything in Compton or Watts for that price -- seriously. The cheapest I've seen listed there lately is about $350K.
Location: Danbury CT covering all of Fairfield County
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Danbury,CT 06811
This is a picture of my last listing I put on the market $299,900 and sold very quickly. It has 1150 square feet, 2 bedrooms, 2 baths and hardwood floors throughout. Additional features include an original 1930 fireplace, completly remodeled kitchen in 2003 and 240 square foot deck. It has seasonal views of Candlewood Lake and is a homeowners association with a beach and has boat slip.
That covers Southern California. Not sure you can get anything in Compton or Watts for that price -- seriously. The cheapest I've seen listed there lately is about $350K.
HockeyFan, that's no exaggeration. I live in southern orange county, about 45 miles south of downtown LA. I have seen a couple of 1+1 "condos" (converted from apartments) selling in the low or mid 300Ks. No garage either, just a carport space! Somebody actually bought those things for more than that at the height of the real estate feeding frenzy.
I was in Anaheim today, saw a big new loft condo project in the city center under construction with starting prices in the upper 300K-low 400K range.
The lowest price semi-decent house within a 20 mile radius of my place goes for maybe $650 to 700K, and it would not be very big or have much of a yard.
It's simply nuts.
This is a picture of my last listing I put on the market $299,900 and sold very quickly. It has 1150 square feet, 2 bedrooms, 2 baths and hardwood floors throughout. Additional features include an original 1930 fireplace, completly remodeled kitchen in 2003 and 240 square foot deck. It has seasonal views of Candlewood Lake and is a homeowners association with a beach and has boat slip.
That's criminal. That house isnt even worth 100k. Not even close. Worth what someone will pay? Disgusting.
Alright you got me. I cant match that. I could take it down 100k and knock off 1k sq ft and show you something near it. But for that price Texas even tops Ohio.
Location: Danbury CT covering all of Fairfield County
2,636 posts, read 7,432,146 times
Reputation: 1378
That's how much things cost
Quote:
Originally Posted by the_pines
That's criminal. That house isnt even worth 100k. Not even close. Worth what someone will pay? Disgusting.
Everyone costs a lot of money in my area. A 2 bedroom, 1 1/2 bath condo with a 1100 square feet and a 1 car garage costs about $240,000! 100k gets you 500 square foot studio.
As for the price on my listing, it was on for $359,000 then again for $310,000 before I listed it. The inside of the house was absolutely cute and updated. If the house did not have the view of the lake (largest in state), it would be worth about $265,000. I probally could have sold that house 5 or 6 more times over considering how much activitity I had in the week and a half it was on the market.
Sorry to interrupt this thread but I'm curious if the same thing is happening in other parts of the country that is happening in Michigan.
So many homes are for sale here that many people are renting them out (either because they have already left the state or want to) that you can rent for less than what the mortgage payment would be. For example, I live in a 2400 sq two story, four bedroom, two and half baths with a partially finished basement, built in 2001. The owner couldn't sell it at $240,000 and by my caluclations the mortage (with ins and property taxes) would be about $1700 a month on a 30 year w. 10% down.
My rent, however, is only $1100 a month and this is not uncommon in central Michigan these days. Rental property supply is outstripping demand and the rents are coming down. Builders are also trying to rent out brand new homes. My guess is that if I looked hard I could find a $300K house for rent for about $1800 a month . . . maybe less.
Well yea but I think its different in Florida's case. People buy or build the homes and rent them out a lot here so they can hang on to them until they build up equity. The rent probably isnt any cheaper than the mortage here.
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$350,000 for Rural Johnson County, Indiana
That's how much things cost
Cost to Rent a $300K House?
