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re: Where you live, is a $400k house...
Posted on 4/6/23 at 11:58 pm to El Segundo Guy
Posted on 4/6/23 at 11:58 pm to El Segundo Guy
Would not buy a 30 year old 800 square foot condo in Bozeman. Prices are nuts here.
0
Posted on 4/7/23 at 12:11 am to Zachary
400k might get you a place to park your car for a year. No houses going that cheap, not even in the ghetto
Posted on 4/7/23 at 5:15 am to Zachary
Upper middle around Shreveport. I ran a range of 400K to 425K and found several nice houses in south Shreveport. Examples:
2009 brick house 4 bed 3 bath 2,927 sq ft in The Haven (gated)
2004 brick 3 bed 2 bath 1 pt. bath 2,282 sq ft (gated, desirable hood off Fern)
You can get a good house in what I would call middle-middle class areas in the $200K ballpark.
2009 brick house 4 bed 3 bath 2,927 sq ft in The Haven (gated)
2004 brick 3 bed 2 bath 1 pt. bath 2,282 sq ft (gated, desirable hood off Fern)
You can get a good house in what I would call middle-middle class areas in the $200K ballpark.
Posted on 4/7/23 at 6:04 am to Zachary
$400k isn’t even dirt value in my area.
Posted on 4/7/23 at 7:21 am to Big Scrub TX
quote:as much as it would suck in the short term in the long run it’s probably the only thing that can correct this shite. It’s absurd
No. Tons of people on these boards pull for bad things to happen.
Posted on 4/7/23 at 7:36 am to GREENHEAD22
quote:
Am I the only person hoping for an 08 or worse?
So you want a complete collapse of Economy just so you can afford a house?
In that scenario there is a good chance you won't even have a job much less be able to afford a home.
Posted on 4/7/23 at 7:42 am to Zachary
I remember a friend of mine buying a $300K house around 2006. It was what id consider luxury at the time. Im not sure $300K gets you much more than a starter home these days
Posted on 4/7/23 at 8:06 am to Zachary
Starter to Avg
I’d bet the Avg inside the loop is prob 5-600k
I’d bet the Avg inside the loop is prob 5-600k
Posted on 4/7/23 at 8:17 am to Zachary
In TX now, it’s a tract starter in a far away exurb probably less than 2K sq ft.
Posted on 4/7/23 at 8:31 am to Zachary
The most recent sale I’ve seen in my area under $700k was a 2bdr,2ba 900 sqft townhome that sold for $580k. Anything under $700k goes quickly.
I don’t see much in the markets I follow under $500k.
Last quarter the average sales price was $1256 per sqft.
I don’t see much in the markets I follow under $500k.
Last quarter the average sales price was $1256 per sqft.
This post was edited on 4/7/23 at 8:35 am
Posted on 4/7/23 at 8:32 am to Zachary
in Greenville SC. thats a new construction dan ryan "starter" home outside of town in the metro area.
In Greenville Proper, thats a teardown.
things haven't really slowed here a lot as we still have tons of people moving in from the east coast, west coast, and midwest. and they are coming in cash heavy from selling.
big contingent of Europeans moving here due to BMW and Michelin having north american HQ's here. all of their tiered suppliers as well. BMW also building a multi-billion dollar battery plant here so all of those companies are opening up shop too.
luxury market here is considered $500/sf and up now. coming from Louisiana it is f-ing insane.
In Greenville Proper, thats a teardown.
things haven't really slowed here a lot as we still have tons of people moving in from the east coast, west coast, and midwest. and they are coming in cash heavy from selling.
big contingent of Europeans moving here due to BMW and Michelin having north american HQ's here. all of their tiered suppliers as well. BMW also building a multi-billion dollar battery plant here so all of those companies are opening up shop too.
luxury market here is considered $500/sf and up now. coming from Louisiana it is f-ing insane.
This post was edited on 4/7/23 at 8:34 am
Posted on 4/7/23 at 8:56 am to Zachary
1200-1400 sq ft built in the 70s and is not updated.
Posted on 4/7/23 at 9:01 am to ronricks
Good chance I will actually, as will the wife. It will reset the market and be a lifetime opportunity for investments, so yes 35 yr old me is hoping for an 08.
Posted on 4/7/23 at 9:22 am to GREENHEAD22
quote:
35 yr old
No wonder. So you have dual income and can't afford a home? Ooooooof. You aren't thinking this through. Trust me as someone who went through 2008-2011 it was not a fun time and there were tons of people out of work who couldn't get a home because they had no job and no savings.
Posted on 4/7/23 at 9:27 am to ronricks
quote:
Good chance I will actually, as will the wife. It will reset the market and be a lifetime opportunity for investments, so yes 35 yr old me is hoping for an 08.
What he is saying is he’d like the housing market to crash but his purchasing power to remain the same. What’s missing is the understanding that when the prices of homes fall it’s because people’s ability to buy houses has waned.
Posted on 4/7/23 at 10:30 am to Zachary
Median in my zip is around 280k. 400k buys a pretty nice home.
Posted on 4/7/23 at 10:33 am to GREENHEAD22
quote:
Good chance I will actually, as will the wife. It will reset the market and be a lifetime opportunity for investments, so yes 35 yr old me is hoping for an 08.
Not gonna happen.
Posted on 4/7/23 at 10:48 am to Motownsix
Tupelo, MS
400k with get you a middle/upper class neighborhood, decent sized lot, 2400+ sq ft with a good public school. Property tax and insurance about $2k each per year.
Pending
$399,500
4 bed
3 bath
2,421 sqft
0.28 acre lot
6181 Park Heights Cir, Tupelo, MS 38801
Property type Single family
Time on Realtor.com 59 days
HOA Fees $10/mo
Price per sqft $165
Garage 2 cars
Year built 2016
400k with get you a middle/upper class neighborhood, decent sized lot, 2400+ sq ft with a good public school. Property tax and insurance about $2k each per year.
Pending
$399,500
4 bed
3 bath
2,421 sqft
0.28 acre lot
6181 Park Heights Cir, Tupelo, MS 38801
Property type Single family
Time on Realtor.com 59 days
HOA Fees $10/mo
Price per sqft $165
Garage 2 cars
Year built 2016
Posted on 4/7/23 at 11:34 am to Zachary
You got me curious. Here is what $400K new construction looks like in...
South Baton Rouge (2100 sq ft)
Winter Haven, FL (1800 sq ft)
Colorado Springs, CO (1300 sq ft)
Knoxville, TN (1500 sq ft)
Columbus, OH (2300 sq ft)
Boise, ID (1400 sq ft)
Morgantown, WV (1500 sq ft)
South Baton Rouge (2100 sq ft)
Winter Haven, FL (1800 sq ft)
Colorado Springs, CO (1300 sq ft)
Knoxville, TN (1500 sq ft)
Columbus, OH (2300 sq ft)
Boise, ID (1400 sq ft)
Morgantown, WV (1500 sq ft)
Posted on 4/7/23 at 11:34 am to weadjust
.28 is a good size lot?
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