(Closed) S/O: What does $200,000 buy you?

• Holly77
• 8 years ago

• Wedding: February 1998

Where I live in Australia it would get you nothing. Blocks of land are about $350,000 its crazy over here.

• Almost Mrs.P
• 8 years ago

• Wedding: September 2013

O. M. G.  This thread makes me want to vomit.  Or move.

I am in the Boston area… for $200k:

– 600sf condo in a nice but not too swanky suburb, good but not amazing schools (we are considering buying there eventually)

http://www.zillow.com/homedetails/60-Vinton-St-APT-3-Melrose-MA-02176/62556483_zpid/

– 1500sf 3br in a not-so-nice area (still a suburb)

http://www.zillow.com/homedetails/160-Garfield-Ave-Chelsea-MA-02150/56672940_zpid/

• jaylinjo
• 8 years ago

This home that we just made an offer on…wish us luck! $190,999

3 bedroom – 2000 sq feet (which is super small for my area and that price)

• nineteen87
• 8 years ago

about 1/4 of an acre in a fairy popular town, a 2bd/1ba apartment or a 2bd/2ba mobile home (not sure if it includes land).

• Jacqui90
• 8 years ago

• Wedding: April 2019

I just checked, and the closest is a one bedroom unit on a busy main street for offers over $199,000

• BeeOi
• 8 years ago

• Wedding: January 2014

• jaylinjo
• 8 years ago

• ASH.
• 8 years ago

• Wedding: December 1969

This one is for sale in my area: 

God bless Texas  

• jaylinjo
• 8 years ago

Hear Hear!

• WhiteSnow
• 8 years ago

• Wedding: October 2015

In my town of snoozeville, ohio you can get:

at 160,000

• PetuniaPie
• 8 years ago

• Wedding: October 2014

$200k would buy a shack with bars on the windows… in a real sketchy area. Depressing 

• Mischka
• 8 years ago

$200,000?

Not a damn thing (in an area we would actually consider living in).

We’re looking at spending $500,000 to $600,000 on our first, entry level home (a 2-3 bedroom, 1 bathroom house, in an average area) and to get into the area we want to raise family in, we’ll be spending an absolute minimum of 1 million – probably 2 million+ for the kind of house we want.

Maybe you could find a house for $200,000 in the rough areas, but even then, it would be a very, very small, run down, sh!ty house/property.

ETA: I honestly hate all of you who are posting such beautiful, spacious, in-a-nice-area home for $200,000 or less.

• Mischka
• 8 years ago

• gramgeek
• 8 years ago

• Wedding: March 2013

• laceydoilies
• 8 years ago

• Wedding: October 2014 - Church

A three bedroom garden home (that I’m renting now) – which is over 1000 square foot of space and little yard or a One to two bedroom condo. I plan on saving up for an extra year so we can actually increase our budget a bit and get an actual house. I will not buy a place to downgrade into a smaller space – if we have kids before then we have more than enough space for one or two where we are now. It would take us around three years of saving after debt repayment to save up enough of a downpayment to get into a place like that (minimum 325000 to buy) since you need around a 25% downpayment.

Completely jealous that that is the price of a single family home in your area. Much less expensive.

That being said I don’t know how people in Toronto or NYC or Vancouver or any of those places that real estate is more expensive can stand it, that is unless you want to be in a condo apartment.

ETA: I forget that the housing bubble hasn’t burst up here. That being said, they have over-saturated my city’s market with over-priced condo apartments (to the point of making crazy offers like paying your entire first year’s mortgage for you). I’m hoping to get in when prices go down a bit but before they go up again since they are putting a lot into city infraqstructure that will undoubtedly raise the prices on buying any real estate.