(Closed) Can you buy a home for 125K in your area?

posted 7 years ago in Home
Post # 197
Member
1503 posts
Bumble bee
  • Wedding: August 2008 - Toronto, ON

We live in the suburbs just outside of Toronto and our house is 2800 sq and when we bought it back in 2005 (brand new customized it how we wanted) it was around 450 grand today it is worth over 700 grand! We have 4 bedrooms and 3 bathrooms, open concept kitchen and family room!

Post # 198
Member
1503 posts
Bumble bee
  • Wedding: August 2008 - Toronto, ON

So now houses in my area are expensive but are brand new! Townhouses and semis today start around 400 grand! 

Post # 199
Member
734 posts
Busy bee
  • Wedding: August 2014

Yes, but it would be a smaller house… probably about 2br. That was around what my parents bought the house I grew up in for and its a 4br, but that was in 1990. Prices have gone up a LOT since then.

Post # 200
Member
1503 posts
Bumble bee
  • Wedding: August 2008 - Toronto, ON

@YogaFaerie:  Yes they have! My parents live in a 3800 sq foot home they bought in 1992 and only paid $375,000 today it is worth over a million!

Post # 201
Member
19 posts
Newbee
  • Wedding: June 2014

Post # 202
Member
157 posts
Blushing bee
  • Wedding: August 2013

Yes!  You can find hundreds of houses here along that price range in Houston, TX.  I think all the TX people said YES 🙂

Post # 203
Member
528 posts
Busy bee

@Cookie86:  Ha! I live in London and I’m the same. Prices are ridiculous over here (I blame all the super rich foreigners buying for their property portfolios). You’d have to move very far north in order to get something in that price range!

Post # 205
Member
543 posts
Busy bee

YES! There are a lot around here. There is one that I have my eye on. It’s listed at $98K. Single Story, 3BR/2BA Fenced yard. It’s about 30 minutes from Greensboro, NC. It’s been on the market for a while, so I’m sure the price is negotiable at this point. It’s needing some sprucing up, still lived in by original owners. But adding 25K into revamping the yard and interior would make it an incredible 125K house!

Post # 207
Member
12246 posts
Sugar Beekeeper
  • Wedding: May 2013

Haha, no. I live just outside of Boston, so if you want somewhere with good schools, it’s going to be like 350k+. Or you can go an hour away from Boston (Southborough or Lancaster are great) , and there are some really great houses for like 200K+, but no, definitely nothing for 125k!

Post # 208
Member
1327 posts
Bumble bee

Here’s what $189,000 can buy you (Sketchy neighbourhood)

MLS® H1203357

“958 sq.ft rancher Rented for $950. /month. Needs TLC. Detached single garage with side lane access”

 

Or for $289,000 (ok neighborhood)

MLS® H1204454

or $389,000 (good neighbourhood)

MLS® H1204707

and $489,000 (excellent neighbourhood)

 

MLS® H1203990

You get the idea as it keeps on going to acreages in the million dollar range lol. I am 1 1/2 hours outside of vancouver so this is considered cheap lol

 

Post # 209
Member
331 posts
Helper bee
  • Wedding: July 2012

We love our little house – 3 Bed 1 Bath, 1.5 Car Garage, Fenced in Back Yard on a quiet little street about a mile from a university – we got it for 95K. 

Post # 210
Member
687 posts
Busy bee

Not even close. A 1BR 900 sq ft. condo starts at $250,000. A house in the same area? You’d have to pony up $400,000 and/or move 40 miles southwest. Sigh.

Post # 211
Member
480 posts
Helper bee
  • Wedding: December 2015

Not really!! You can buy “removable” houses, small studios, and 1brm granny flats or houses which need serious renovating for that price, or 1 bedroom apartments!

For a 4 bedroom house in my area (Waiake, North Shore, Auckland) it costs about $550,000- $700,000 Undecided

Living in Auckland is amazing apart from the realty prices. So many people I know, including my family rent, because it is near impossible to buy a house.

And, to buy a house you need a 20% deposit, or you can get a loan from a bank where you need a 5% deposit, or, some give you a full loan- Although, this can turn out negative if there is a fire/tornado/earthquake etc because you’re not looked after well and have no collateral.

The topic ‘Can you buy a home for 125K in your area?’ is closed to new replies.

Find Amazing Vendors