Post # 1
So I watch house hunters and other home hunting shows in HGTV all the time on TV.
except for the price metropolitan areas like NY and LA (for example) and of course very upscale areas…i noticed in a lot of the places near greater city areas are rediculously cheaper!
LIke right now some ppl want to live near San Antonio (am I mistaken or is this a rather populated city) and a 3000sq ft, 4 bedroom, 2.5 and updated kitchen bath house is under $225 000…..my fiances and I are looking for houses in the surrounding Toronto area (not in the city) but a house that large is upward of $500 000.
I may be wrong, and I know this is just TV….but that is very very cheap house I would take anyday! I even look in houses near where I live in upstate NY where my aunt lives and the houses are all going under $250 000 (unless you want a HUGE HUGE home)
If you want a cheap house in Canada (well at least whet i know for sure in the very populated provinces) you have to live almost in the middle of nowhere (a very small town) to get even close to that price.
I hope I don’t cause a controversy with tis post. you can correct me if I am wrong.
Post # 3
@KingsDaughter: The US market crashed, and some areas were hit harder than others. Some areas have also since recovered more than others.
Canada’s market didn’t crash, and continued to rise when the US market crashed. Some people are waiting for the same thing to happen here. I don’t think it will, but if things do slow down Toronto and Vancouver are likely to see the biggest hit.
Post # 4
I can’t help here, I’ve lived in the NY Metro area my entire life…the cheapest completely run down piece of crap house in a good school district is $300,000…to get anything you wouldn’t need to majorly repair is like $700,000. Darling Husband and I have resigned to not being home owners until much older, lol
Post # 5
@AB Bride: +1
The US housing market is recovering but still not back to where it was a few years ago. Couple that with high unemployment and an overall slow economy and prices just haven’t bounced back.
But it also depends vastly on the area. In the midwest for instance you can still get decent houses for under $100K. And you mentioned upstate NY is low, but it really varies from town to town. Where my parents live the average house is selling for $300K, and that is not for huge or extravagant, just for a basic suburban house (say 3-4 bedrooms, 2 bath, etc).
Post # 6
@AB Bride: i don’t think the candian house market will crash either… but i think prices of condos will go down… they are putting way too many up
Post # 7
@KingsDaughter: not to thread jack..but did you say “my fiances”? As in…you have multiplul fiances?
And yes, the Canadian housing market is the worst. I guess that’s what having nearly 50% of the population live in only 3 cities will do to you!
Post # 8
it depends on the area of the us too. i know that housing prices here in buffalo are way less than they are back home near boston. and then the housing prices in seattle where FI’s family is are completely different than they are here and at home. so it depends on the area.
also, house prices in canada are OUTRAGEOUS compared to the us. my best friend is in waterloo, ontario. a few years ago, her grandparents sold their house in milton for a LOT of money. it was a beautiful house, but when i saw how much it was on the market for, i did a doubletake. their house, on average, in buffalo would be around $250,000. but i think they sold it for almost $550,000.
Post # 9
@cbgg: yes…yes I do have serveral men I am engaged to….just don’t tell them …they don’t know! shhhh
obviously it was a typo, I was typing on my phone and didn’t bother fixing it because it’s more work to fix it on the small screen then it’s worth.
Post # 10
@colorofmyheart: exactly!!! I live here and it still surprises me! if you have a loan pre-approval of $250 000 you can hardly get a house here… you may have to just look into condos
Post # 11
@KingsDaughter: i hope you find something!
Post # 12
Eh, property values in Texas are a lot lower than other parts of the country. A nice, very basic, 3 bed 2.5 bath house where I live is minimum $200,000. That same amount in Sonoma County, California, gets you a mobile home with a rented lot or a run down condo in a nondesireable area….and that’s after the market crashed. In 2007, our family house was appraised for 1.3 million. 3 beds, 2.5 baths, 2300 square feet, in a nice area. Some upgrades done, needing a few more. Seriously.
Where we live now is still more expensive than some areas, but man, anything’s better than Wine Country was in the late 2000s.
Post # 13
- Wedding: October 2011 - Bed & Breakfast
That is Texas. It’s not representative of the US. But you really couldn’t pay me to live there. Too hot and too right wing. So they can keep their cheap housing prices. lol
We live in the Washington DC area. In our area, for the house you described, you would pay about $625k for a builder grade home and have a 90-120 minute commute each way to the city. The cheapest house for sale in our entire half of the county is $399k, and it has less than 1500 square feet with a whole lot of 1960s faux wood paneling. You literally cannot buy anything for less than $400k here. To get that 3000 square foot house you described closer in to the city, you’re looking at a minimum of $800k (with a 60 minute commute each way).
Post # 14
The downside of a lot of those places is that you have an awesome house, but live in a boring/conservative/whatever else bugs you city.
I grew up in Dallas/Ft Worth Texas, where you can buy a nice house for $150,000-250,000 (and less nice houses for $100,000).
I currently live in the San Francisco area where $500,000 buys you a 2-bedroom fixer upper with little to no yard (much like Toronto).
There is not a job, house, or amount of money that would convince me to live in Texas (or anywhere in middle America/the South, etc etc). There’s like, 4 places i’d consider in the USA to live.
Places are cheap for a reason!
Post # 15
Keep in mind that in Texas, cities have LOTS of suburbs. So you can buy a nice, big new house an hour outside of Houston and it’ll be WAY, WAY cheaper than something actually in Houston. It’s still called “Houston area,” but your mailing address likely isn’t actually Houston, TX. Same goes for Dallas, San An, Austin, etc.
Post # 16
@KingsDaughter: That’s what I thought at first but then I saw that you said “are” instead of is and I was like….hmm…I wonder…