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What do you consiser an "expensive home" in this low-rate environment?
Posted on 5/15/21 at 10:48 pm
Posted on 5/15/21 at 10:48 pm
nm
This post was edited on 5/15/21 at 11:04 pm
8
Posted on 5/15/21 at 10:54 pm to Zachary
Bout 350
Posted on 5/15/21 at 11:11 pm to Zachary
Location would be a factor also
Expensive here is 700 or more imo
Expensive here is 700 or more imo
Posted on 5/16/21 at 8:26 am to Zachary
I think an expensive home means that the owner probably has to change normal spending habits to swing the bill.
Suburbs of Houston/Austin = start at $300,000 with a heavy property tax.
In canada, the average home is $735,000 USD. In Latin America $600 USD/monthly can get you a nice place.
Suburbs of Houston/Austin = start at $300,000 with a heavy property tax.
In canada, the average home is $735,000 USD. In Latin America $600 USD/monthly can get you a nice place.
Posted on 5/16/21 at 9:53 am to Zachary
In my mind a house is expensive at $2000+ a month so with current rates that's probably around 400-500k 
Posted on 5/16/21 at 11:53 am to Zachary
Guess it depends on how much value you put on time. A house under 3 million probably doesn't have the adequate space for a good butler staff which means I have to spend more time on simple tasks and less time on growing my twitch stream and crypto portfolio.
Posted on 5/16/21 at 12:14 pm to down time
quote:
expensive home
quote:
Austin
quote:
start at $300,000
Posted on 5/16/21 at 12:37 pm to Zachary
quote:
What do you consiser an "expensive home" in this low-rate environment?
Personally, unless the rates dropped to zero, I wouldn't want to carry more than 400k in debt for a personal residence.
Posted on 5/16/21 at 1:31 pm to FinleyStreet
I would say anything over $350 a square foot. Each area is different but that’s where my head is at.
Posted on 5/16/21 at 2:34 pm to Ancient Astronaut
Baton Rouge-1mil or higher
LA- 5mil or higher
NYC- 10 mil or higher
San Fran- 5 mil or higher
Dallas or Houston- 5mil or higher
Boston- 3 mil or higher
Most other places 1mil or higher
LA- 5mil or higher
NYC- 10 mil or higher
San Fran- 5 mil or higher
Dallas or Houston- 5mil or higher
Boston- 3 mil or higher
Most other places 1mil or higher
Posted on 5/16/21 at 3:23 pm to tigerbacon
quote:
Baton Rouge-1mil or higher
LA- 5mil or higher
NYC- 10 mil or higher
San Fran- 5 mil or higher
Dallas or
Houston- 5mil or higher
Boston- 3 mil or higher
Most other places 1mil or higher
You left off Bawcomeville- 17,500 or higher
Posted on 5/16/21 at 4:22 pm to down time
Posted on 5/16/21 at 4:29 pm to Zachary
In terms of a market value? When home prices are more than six times an average salary for the region.
Posted on 5/16/21 at 4:38 pm to tigerbacon
quote:
Dallas or Houston- 5mil or higher
There are not many $5M homes in Dallas. Even in Highland Park, the majority are $1.2-$2.5M.
Posted on 5/16/21 at 4:41 pm to tigerbacon
You are a MT baller or full of shite.
600k+ on a standard lot of a expensive house imo.
In Louisiana.
600k+ on a standard lot of a expensive house imo.
In Louisiana.
This post was edited on 5/16/21 at 4:57 pm
Posted on 5/16/21 at 4:47 pm to lynxcat
quote:
There are not many $5M homes in Dallas. Even in Highland Park, the majority are $1.2-$2.5M.
So $5M would be expensive then, right?
Posted on 5/16/21 at 5:04 pm to Zachary
Expensive is a subjective comparison that one thing costs more than another similar thing, normally suggesting the difference in cost outweighs the difference of quality or other values
Posted on 5/16/21 at 5:43 pm to Lima Whiskey
quote:
Sweden Cuts Maximum Mortgage Term to 105 Years
Pay wall
Posted on 5/16/21 at 5:59 pm to tigerbacon
NYC - around $5M
In NYC, you need to factor in monthly maintenance for most buildings. That can run you anywhere from $2-15k a month in addition to the mortgage.
In NYC, you need to factor in monthly maintenance for most buildings. That can run you anywhere from $2-15k a month in addition to the mortgage.
This post was edited on 5/16/21 at 6:02 pm
Posted on 5/16/21 at 6:00 pm to GREENHEAD22
I think an expensive home in Orleans parish is around $800,000. My criteria for an expensive home is a home is one where a person walks in and say “wow this must be an expensive home.” It’s a very scientific formula and north of $800,000 should get you that reaction in Orleans parish.
Alternatively, there are a lot of dumps selling in the city right now for $500,000. The market here is truly absurd.
Alternatively, there are a lot of dumps selling in the city right now for $500,000. The market here is truly absurd.
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