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I think it would be fun to show photos of what type of home $200,000 buys in your city. Just keep it casual and try not to fight. I think it will be interesting when we see what $200k buys in a expensive city vs. a less expensive city.
OK... I'll go first for my area.
In Orange County, you can get a 853 square foot home in Santa Ana, CA.
http://prucalimages.fnistools.com//Images/Listing/55002/Large/M109815_1.jpg (broken link)
Head a little farther north and you hit Los Angeles. List price is $179,000 and the home is in the Highland Park neighborhood. If sold, it will likely be reomodeled and could end up being worth $500k or more.
The realtor remarks crack me up: "REO! Bank Foreclosure! Cute cottage on a very nice corner lot ideally located in central Highland Park walking distance to schools & public transportation. Don't let the pictures scare you. A little paint (o.k. a lot of paint) goes a long way! Current art work included. Sold AS IS!"
http://ca.mlsalliance.com/resources/Images/large_images/CLAW/57/08-300257.jpg (broken link)
http://ca.mlsalliance.com/resources/Images/large_images/CLAW/57/08-300257b.jpg (broken link)
^^^ Don't want to overload you with pics, but the whole house looks like that.
So... that is $200k in my neck of the woods, what does $200k buy in your city???? Again, just some friendly sharing of how homes differ in this price range across America.
71-year-old home, 4 bedroom, 2 baths
Street View (a lot of trees in the way) 6216 Chippewa St, St Louis · MO - Google Maps (http://tinyurl.com/5mj48s - broken link)
Or this cute little place:
A couple blocks north of Forest Park. From what I can see the neighborhood looks alright, in fact this one is quite a bit cheaper than the homes around it. I'm not sure why.
A 1-2 bedroom condo, a larger condo or small house if you don't care about crime.
You can get a one bedroom in this building in Logan Square for 194khttp://images.craigslist.org/01151201020101030520080814c2d84a6581b514a0d400c727 .jpg (broken link)
or an apartment in Portage Park for 160k in this buildinghttp://images.craigslist.org/01020701160401030320080811677869bdfd9906074500f41f .jpg (broken link)
Last edited by j33; 08-15-2008 at 10:34 PM..
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Not horrible, but probably in a higher-crime neighborhood.
