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Old 03-15-2019, 02:25 PM
 
Location: Columbus, OH
915 posts, read 679,926 times
Reputation: 1347

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Quote:
Originally Posted by LifeIsGood01 View Post
You can't find $38K condos in LA, San Fran, or NYC.
A dump is a dump. If someone is desperate enough to spend $300K on a dump in NYC or the West coast, what's the difference?
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Old 03-15-2019, 04:46 PM
 
Location: Israel
260 posts, read 53,349 times
Reputation: 79
Quote:
Originally Posted by LifeIsGood01 View Post
You can't find $38K condos in LA, San Fran, or NYC.
I was going to reply that yes, you can find $38,000 condos in NYC in a neighborhood like Brownsville, Brooklyn, but a quick search online proved me wrong.
This is pretty unbelievable - this area of Brooklyn was THE hood back 12 years ago when I was living in the City. I'm sure it has not turned into a ritzy place now. Granted, the properties for sale are relatively small townhouses (1000-1500 square feet), but the cheapest ones are asking for almost $500,000.

I then checked the South Bronx: there are a couple of 1-bedrooms asking for $60k and $70k, and a 2-bedrooms asking $80k.
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Old 03-15-2019, 05:02 PM
 
Location: Israel
260 posts, read 53,349 times
Reputation: 79
Quote:
Originally Posted by LifeIsGood01 View Post
Go at night, I went to see an inexpensive condo once in Sunrise, FL and some shady looking characters were hanging out in front of the main entrance in the early evening, I would not live there for free.
That's the deal in America: if the neighborhood is cheap, you better be careful. And that's sometimes tricky for people coming from abroad, because some of the signs that a neighborhood is not safe can be harder to pick up for a foreigner, while an American will spot the signs and understand right away.
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Old 03-15-2019, 06:12 PM
 
Location: Israel
260 posts, read 53,349 times
Reputation: 79
Alright, so I just dug a little bit, for the fun of it.
Searched for properties in all 5 boroughs of NYC under $100,000. Most are auctions.

Apart from the auctions, 27 properties are listed: 26 in the Bronx, 1 in Queens. Prices go from $59,999 to $99,999.

In the Bronx: 8 studios in the following neighborhoods: Fordham, Tremont, Woodlawn, Fieldston, North Riverdale, Riverdale and Pelham Bay. As far as I know (NYers, feel free to correct if I'm wrong), Riverdale and Pelham Bay are actually nice areas. Safe and middle-class.

14 1-bedrooms (1/1) in: Fordham, East Tremont, South Bronx, Norwood, Morris Park, Soundview, Longwood, University Heights, High Bridge, Williamsbridge and Spuyten Duyvil.

4 2-bedrooms (2/1) in: South Bronx, Fordham.



In Queens: a studio in the Rego Park area. The "studio" is in fact "two adjacent deeded covered parking spaces".
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Old 03-16-2019, 08:38 AM
 
5,248 posts, read 5,173,378 times
Reputation: 6242
Quote:
Originally Posted by Fleur123 View Post
I was going to reply that yes, you can find $38,000 condos in NYC in a neighborhood like Brownsville, Brooklyn, but a quick search online proved me wrong.
This is pretty unbelievable - this area of Brooklyn was THE hood back 12 years ago when I was living in the City. I'm sure it has not turned into a ritzy place now. Granted, the properties for sale are relatively small townhouses (1000-1500 square feet), but the cheapest ones are asking for almost $500,000.

I then checked the South Bronx: there are a couple of 1-bedrooms asking for $60k and $70k, and a 2-bedrooms asking $80k.

Condos or coops?

A one bedroom condo by me is listed in the 500s. A coop is in the 200s-300s.
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Old 03-16-2019, 12:19 PM
 
Location: Denver CO
21,177 posts, read 11,785,778 times
Reputation: 32188
Quote:
Originally Posted by JonathanLB View Post
In Portland, it’ll be mainly studios not really one bedrooms and they’ll run $400K to $650K honestly just depending on building and whatnot.
Really? I'm not famiiar with Portland to be able to say these are desirable locations or whatever, but it's clearly not the case that 1 bedroom condos start at 400K there

https://www.zillow.com/portland-or/condos/
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Old 03-16-2019, 12:29 PM
 
Location: San Diego CA
4,867 posts, read 3,383,810 times
Reputation: 7769
In a newer well kept condo complex in a desirable area of town 400 to 500 k. Condo association fees 400 per month probably average.
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Old 03-16-2019, 01:00 PM
 
Location: Forest bathing
1,631 posts, read 965,302 times
Reputation: 3804
Anywhere from $125k fir a converted apartment building in a rundown area to $240k in a nice area, new construction. PNW.
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Old 03-16-2019, 03:55 PM
 
13,043 posts, read 15,393,961 times
Reputation: 15297
Anywhere from $140,000 to $1.5 million.
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Old 03-16-2019, 07:17 PM
 
Location: Beaverton, OR
5,560 posts, read 5,913,054 times
Reputation: 6356
Quote:
Originally Posted by emm74 View Post
Really? I'm not famiiar with Portland to be able to say these are desirable locations or whatever, but it's clearly not the case that 1 bedroom condos start at 400K there

https://www.zillow.com/portland-or/condos/
Any decent condo IN the actual city isn’t going to be cheaper than $400K, no. If you’re taking about “within city limits” but not in the city, sure, you can find something terrible for $300K maybe. Any condo in the Pearl District will run $500K almost no matter what it is, our old 2 bedroom is worth about $850K now, and most studios or one bedrooms can’t be had under $500K. If you find some hole in the wall outside of the good area, I’m sure you could find cheaper. Even in the older central part of the city with older buildings they’re going to be more than $400K generally though. There are condos going up shortly starting at $1M for 1,000 square foot units.

Those places on your listing are either incredibly small, under 600 square feet which is nuts, or and usually AND in undesirable areas. NE Portland is the ghetto, don’t let anyone tell you otherwise, and the two bedroom there for $1.4M is representative of any good condo anywhere in the Pearl and that’s from the waterfront to 13th or so, Burnside to the other side. We looked at every building in that area years ago and we had $600K, it was almost impossible finding a good two bedroom for that price and one agent said we couldn’t do it ha ha. But the building we chose was recently converted back to condos (it was 2008 when it finished, market was bad, they turned it into apartments when the bank took it over from the developer), and the building was cash only so since we could pay in cash we got a steal for the place. Sold it two years later for a $100K profit even after commission.
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