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Old 07-04-2011, 07:46 AM
 
Location: Florida
44 posts, read 81,752 times
Reputation: 31

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Did anyone see the recent "House Hunters" (2011 new episode) with the family looking for a home in Tampa Bay? They were experiencing sticker shock with the home prices. They could afford $500K but they thought they'd get a lot for for their money in Florida. The real estate agent said a lot of people make the mistake of thinking that...

They wound up with a fixer for $450K on Davis Islands. Wow! Here I was thinking I could get a new build in the Tampa Bay (w/out an ocean view) for under $200K! I'm guessing the pricing is location, location, location!

I've heard that a lot school district budgets are tied to property taxes. I'm wondering if that equates to poor quality schools in areas with more affordable housing?
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Old 07-04-2011, 07:56 AM
 
Location: East Tennessee
3,926 posts, read 10,311,774 times
Reputation: 5212
The house they bought was in Beach Park not Davis Island. Both are located in the South Tampa area which is more expensive than rural areas.
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Old 07-04-2011, 08:00 AM
 
Location: Tampa, FL
1,389 posts, read 1,947,201 times
Reputation: 993
so they bought in one of the most expensive areas of tampa and were surprised by higher prices? crazy.
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Old 07-04-2011, 08:12 AM
 
Location: Tampa, FL
3,237 posts, read 5,131,266 times
Reputation: 1492
Quote:
Originally Posted by beckypooh1972 View Post
They were experiencing sticker shock with the home prices... They could afford $500K but they thought they'd get a lot for for their money in Florida...They wound up with a fixer for $450K on Davis Islands. Wow! Here I was thinking I could get a new build in the Tampa Bay (w/out an ocean view) for under $200K! I'm guessing the pricing is location, location, location!
This is the case EVERYWHERE, and always has been. What is different now?

Quote:
I've heard that a lot school district budgets are tied to property taxes. I'm wondering if that equates to poor quality schools in areas with more affordable housing?
Schools have always sucked in poor communities. That's not a recent phenomenon.

They bought in one of the most expensive areas in the metro area... and they had sticker shock? LoL...
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Old 07-04-2011, 01:19 PM
 
Location: Castle Rock, Co
1,614 posts, read 2,675,851 times
Reputation: 959
if they would have moved 15 minutes north they could have bought 4x's the house most likely.
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Old 07-04-2011, 02:47 PM
 
13,653 posts, read 9,317,927 times
Reputation: 4395
Danashores is the same way, most everything there is 400k and up.
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Old 07-04-2011, 04:13 PM
 
Location: Atlanta
330 posts, read 960,089 times
Reputation: 253
Ya, I was shocked at the overall condition and look of the house they bought for $450K. It was a big house but not updated in about 30 yrs!
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Old 07-04-2011, 04:17 PM
 
Location: Tampa, FL
27,798 posts, read 26,205,335 times
Reputation: 14611
I golf in a very nice community near Bradenton called Waterlefe. Very nice mansions there - look what $500k gets you......

Waterlefe Homes For Sale in Bradenton, Florida - Waterlefe Golf Community
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Old 07-04-2011, 04:48 PM
 
2,719 posts, read 4,400,498 times
Reputation: 2326
Quote:
Originally Posted by BucFan View Post
I golf in a very nice community near Bradenton called Waterlefe. Very nice mansions there - look what $500k gets you......

Waterlefe Homes For Sale in Bradenton, Florida - Waterlefe Golf Community

I hate when people want you to sign up and all those things before even you could see around. Bad advertisement, if you ask me.

Didn't get the patience to look more after all those harassing pop ups. I wonder who would stand that s**t up!
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Old 07-04-2011, 05:11 PM
 
Location: Tampa, FL
27,798 posts, read 26,205,335 times
Reputation: 14611
real estate agents want your point of contact info so they can bother you.....just from the looks of the exterior (curb appeal) it looks like $500k will get you a lot for your money......not sure what the house hunter stuff was all about.
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