U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-07-2006, 11:58 AM
 
Location: Happy wherever I am - Florida now
3,360 posts, read 11,378,745 times
Reputation: 3867

Advertisements

If I told you that the average price of a house in rural cities in northern central (and western) NYS was $65K you wouldn't believe me. That means half the houses are sold for more and, half for less. Throw in plenty of lakes, rivers, and mountains and you'd be even more incredulous. Now if those houses were two story 3-4 bedrooms you'd think I'm fibbing. Not so.

Prices are higher across the nearby border in Canada (their southern shore and the locale of their largest cities). Just bring your own job, a four wheel drive for the snow, and a pleasant attitude, one that doesn't drive up prices here either.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 12-07-2006, 12:30 PM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 13,340,139 times
Reputation: 1015
30 years ago, there were still expensive cities. Sorry but I dont believe you could get a mansion or whole apartment building for $40k in a highly desirable city 30 years ago. My dad was thinking of settling down in San Jose, CA before I was born and houses were already a quarter million. NYC was even more expensive and was a huge metro city much longer than 30 years ago. Prices were just not as inflated as they are today. The small cities and rural towns hardly went up in value while the big cities went from expensive to ridiculous!

Big cities today are a place for the rich upper middle class and upper class with enough money to enjoy a nice house in a nice neighboorhood as well as enjoy a good lifestyle despite high costs of living. Us middle class people have been squeezed and priced out of popular metro cities. No matter, we will just take residence in smaller cities where prices are still reasonable and sell when those small cities grow and prices become too high for us to afford to stay there. We will keep the equity profits saved for retirement.

$65k is not unusual for small cities and rural towns, in fact you can get those prices in metro cities in Texas and Georgia if you dont mind living in questionable neighboorhoods. Theres over 100 houses available in Dallas, Fort Worth, Houston, San Antonio all for under $50k. Only reason I choose not to live there is safety comes first and I can do without the high crime.
Oil city has lots of sub $50k houses without the crime or urban sprawl
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-07-2006, 12:48 PM
 
Location: STL
1,093 posts, read 3,597,540 times
Reputation: 593
NAH, weren't you the one that was talking about buying a house for 16k?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-07-2006, 12:53 PM
 
Location: Happy wherever I am - Florida now
3,360 posts, read 11,378,745 times
Reputation: 3867
OK, maybe it was 35 years ago. My Manhattan landlord was begging me to buy the place, all rent controlled apts in a good neighborhood. NY wasn't so nice as it is now, it was dirty and the crime rate was not good then either.

He must have been in San Jose after the escalation began. It happened quickly. I had a beautiful three bedroom ranch with fireplace for $70,000. There were a few large expensive mansions in the hills west of there but the average was much more like mine.

Why not just buy and stay there till the house is paid off? If you've bought already increased prices aren't going to effect you, and if you plan on cashing out equity for profit you'd have to find an even cheaper place which may not be possible/desirable.

Pop- No that wasn't me. The chepest I've seen around here was a two story fixer-upper-dump for $20K and that was because there was no living heirs.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-07-2006, 04:29 PM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 13,340,139 times
Reputation: 1015
Quote:
Originally Posted by poprocksncoke View Post
NAH, weren't you the one that was talking about buying a house for 16k?

If I find a nice house that needs no or little repairs, ill take it! Ive noticed that houses under $25k sell quickly, one realtor website(sorry not allowed to link you guys it) shows every house >$25k sold except one and its $9900 and needs major TLC and its a pretty small and ugly house to begin with. If I can get financing, ill be able to afford a $50k house, otherwise I might have to buy that $10k house with 100% down(sorry, renting costs wayyyyyyyyy more than buying, why rent for a year when I can pratically buy it for a little more than a year's worth of rent?) The amount they charge for rent is outrageous! Ive seen owners offer owner financing(very high interest!) for less than what others charge for rent! The best is just to buy 100% down in cash. I am motivated to move out asap and whatever money I have, thats going towards whatever house I find unless I can get financing.


Was Manhattan really that cheap 35 years ago? Its hard to believe, I dont believe it in fact. San Jose may have been experiencing a house bubble when my dad was thinking of locating there. He ended up getting a house for $65k in West Palm Beach and prices were good till around the year 2000. I wonder if Manhattan was a town 35 years back and is why prices were so low, it wasnt a desirable place back then. Theres many towns today that could become metro cities in the future and house prices become insane. I will relocate out because big cities have high crime, taxes, pollution, traffic and other problems and I want to "sell high" and cash the equity into another town where prices are low and put the rest of the money into stocks that are low but poised to rise!
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top