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

posted 7 years ago in Home
Post # 227
Member
164 posts
Blushing bee
  • Wedding: March 2013

@MASPA:  lololol at the bulletproof comment 

Post # 228
Member
164 posts
Blushing bee
  • Wedding: March 2013

Ehhhh .. 125K you can find some nice houses here in louisiana bua average for a nice house in nice neighborhood is more like 155k+ …. Ooooo all y’all New Yorkers / big city people giving me a heart attack with yalls 300k prices ! 

Post # 229
Member
593 posts
Busy bee
  • Wedding: March 2013

Not in the town we live in now. You might could find a house for 125,000 in the ghetto or  trailer (but there aren’t even many of those around and the ones that are in the outskirts of town). You MIGHT get a short sale/foreclosure in a decent area that needs work around 150,000. I would say a home in an area i’d be willing to buy in would cost around 250,000 for a 3 bed/2 bath <2,000 SQ Ft. home.. We are probably moving though come August to Charlotte, NC and housing is a lot cheaper there so we think we can get a similar home for around 150,000. 

Post # 230
Member
6884 posts
Busy Beekeeper
  • Wedding: September 2011 - Boy #1 12/2015, boy #2 02/2018

Yes, easily. That’s how much we are offering for a nice home (~1500 sq. ft, 1994) located in a reputable neighborhood close to the university I attend. It has everything, and we even might lower the offer. You can find nice move-in ready homes for as low as $110k in good locations. I am so blessed!

Post # 231
Member
6884 posts
Busy Beekeeper
  • Wedding: September 2011 - Boy #1 12/2015, boy #2 02/2018

@lawbride88:  I know what you are talking about it. There are some nice towns in Central Ca. 

Post # 232
Member
926 posts
Busy bee
  • Wedding: November 1999

Uhh not quite.. I did a real estate search and $125k buys me a block of land 90 minutes out of the city.

My suburb is 30 minutes from the city by train and the cheapest house is about $700k

I’m not sure how future generations are going to cope with home loans

 

Post # 233
Member
886 posts
Busy bee
  • Wedding: November 1999

@gingerbreadgirl:  Also keep in mind that many times, though not always, people’s salaries reflect the increased cost of living in their areas.

Even with that adjustment, though, yes, some areas are far pricier than others. We live in one of the most affluent counties in the US based on median household income. House prices reflect people’s ability to pay higher mortgages. Would we leave? Never. Why? I want to be close to family of some sort. You also basically get what you pay for. That giant mansion out in the sticks might be nice on paper. But 1) there’s nothing else nearby, 2) do you really want to clean a mansion?, and 3) the cost of maintaining a mansion ain’t cheap! We’re buying a rancher tomorrow. I have the feeling we’re going to stick it out in the rancher indefinitely with expansions if we need them someday. Less is sometimes more!

Post # 234
Member
817 posts
Busy bee
  • Wedding: July 2013

Yes, but we live in the country, neighbors are not close and it is a drive to get any where.

Post # 235
Member
2494 posts
Buzzing bee
  • Wedding: August 2015

I live in south central PA and it is very doable here! My parents’ house is a 3 bedroom with 2 baths in a very nice suburb on a large corner lot and I think it’s worth a bit over 100,000

Post # 236
Member
605 posts
Busy bee
  • Wedding: April 2015

I’m in southern VA and 125k will get you a nice house in some pretty good areas!

Post # 237
Member
2639 posts
Sugar bee
  • Wedding: April 2014 - Italian Villa

@gingerbreadgirl:  yes and no. if you don’t care about living within an hour of denver, you can get a decent home in a nice community for near 125K (but really more like 150K and it would be outdated) (in castle rock). if you want to be within commuter distance of denver, you can only get a house for that little if you want bars on the windows.

I’m a Realtor

Post # 238
Member
62 posts
Worker bee

I wish!! BC is so expensive, especially Vancouver. I don’t think you could buy any homes there in the 100-200k range. 

Post # 239
Member
786 posts
Busy bee
  • Wedding: August 2012

LOL hell no..  I live near Vancouver and the housing market is rediculous.  Depends how far from Vancouver you are dictated the prices. 

Quick search for single deatched homes.. The cheapest..

Very sketchy neighbourhood and this home needs to be demolished..  All for $255,000!

 

http://www.surreyhomesales.com/NorthSurreyHouses.ubr/13814-117th-av-mls-f1215928?order=listing_price%20ASC&action=filter&acronym=FVREB&mls_number=F1215928

Post # 240
Member
5878 posts
Bee Keeper
  • Wedding: April 2013

God no!  That’s hilarious in my city.

Post # 241
Member
4 posts
Wannabee
  • Wedding: January 2014

just put down payment for our 1bdr 63 sqm apartment with no parking… 480K!

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