(Closed) Spinoff – what home will $200,000 buy you where you live?

posted 6 years ago in Home
Post # 212
Member
1963 posts
Buzzing bee
  • Wedding: January 2013

I live in a small city in a northern rural part of Canada, but we are experiencing a bit of a boom up here which has sky rocketted housing prices in my area. There are only 2 listings around 200 000,

 

for 187 000 you can get a 2 bed 1 bath, detached single family home, 20 years old, and only 700 sq ft, or for 213 000 you can get a 1 bedroom condo that isn’t built yet, but looks like it will be pretty nice when its done.

 

When we moved here a few months ago we personally had to go well over our 400 000 budget to find something to suit our needs, but were able to find house with a basement that we can convert to a very nice legal suite to compensate for going over budget

Post # 213
Member
2319 posts
Buzzing bee
  • Wedding: October 2011

Like all cities there are neighborhoods that you can’t buy anything for 200k but there is a lot of varied inventory in the Portland area for that price!

In our current neighborhood which is a suburb and mostly new development with lots of townhomes, 200K will get you this, 3 bed, 2.5 bath, 1457 sq. feet plus $200 a month in HOA but internet is included in that and a gym. No AC which to some people moving from other states is a big deal.  We don’t get more than 2-3 weeks of crazy hot weather.  Its a nice suburb, schools are good and the transit system is within less than a mile away.

 

On the other side of town, where I grew up, its an established neighborhood but it’s seen better days, the schools are a bit crowded and aren’t fabulous. But 200k will get you this: 3 bed, 1 bath (typical of the era – 1960’s), 1367 sq feet garage, no AC. But it is on a nice little lot.

 

 

Post # 214
Hostess
8575 posts
Bumble Beekeeper
  • Wedding: October 2014

My town doesn’t have anything above 80k… and those 80k homes are really nice.

However, going about 15 miles away, there are also no homes at/around 200k.. they are either over or under.

Here is one that is slightly over, at 225k :

4 beds, 3 bath – 3 car garage

Or slightly under at 169k :

4 bed, 3 bath – 2 car garage

 

Post # 215
Member
1346 posts
Bumble bee
  • Wedding: November 2012

In our area it will buy a block of land. Around 400 – 500 sqm in size and that is all.

Post # 216
Member
1346 posts
Bumble bee
  • Wedding: November 2012

And in fact anthing in Metro Perth is pretty much the same deal! Some times you might be able to get a house that would need to be demolished for that $200,000 but it would be a crappy unsafe area!

Post # 217
Member
592 posts
Busy bee
  • Wedding: February 2015

Diddly squat, zero, zilch, nada, nothing. Renting a one bedroom apt where I live costs $2250 on avg. 

Post # 218
Member
1084 posts
Bumble bee
  • Wedding: December 2010

$200,000 in our area (30 minute radius) will not buy anything, not even a studio. A 2 bedroom apartment is around $550,000. We want to make an offer on our current unit that we are renting and it blows my mind that it will cost us more than half a million dollars. 

Post # 219
Member
273 posts
Helper bee

That’s about £120,000. So in London (where I’ve always lived as an adult), it would get you a one bedroom flat on the very outskirts of the city, in one of the areas like Ilford or Bexley that are almost-but-not-quite-London. You might get a studio appartment slightly further in, but we’re still talking the outer zones.

In the town I grew up in, it would get you a 2-3 bedroom terraced house or a nicer 2 bedroom flat.

I’m not really a fan of US style housing in general, but it still makes me sick to compare what you can buy in the US to what you can buy in the UK.

 

Post # 220
Member
204 posts
Helper bee
  • Wedding: June 2014

It won’t buy you a home, but you can get this decent sized property. 1800 m2.It has a really nice view. 30 min to nearest city.

 

Post # 221
Member
438 posts
Helper bee
  • Wedding: August 2014

@priyawouldntwannabeya:  Nothing. I just did a search in my neighborhood and the lowest priced listing is $329,00 for a 1 bed, 1 bath condo with no yard, garage, or parking and it is 611 square feet. Santa Monica, CA is a crazy expensive real estate market.

Post # 222
Member
893 posts
Busy bee
  • Wedding: October 2013

In my area, which is not the best area in MASS, 200k will get you a mid-level (not luxury, not totally ghetto) condo or a lower end townhouse….2 bed, 1.5 bath. In a better area close to me, you might get a 1 br, 1 bath condo. No way can you tocuh a free standing house unless it is close to condemmned. However, rents are extremely high, and I actually do about the same with my mortgage and fees versus renting a similar place.

Post # 223
Member
894 posts
Busy bee
  • Wedding: January 2015

200k gets you an ok looking 2br condo here. I’m talking super basic, not super updated, bare basics kinda condo, nothing fancy. Yep, western WA sucks balls for real estate.

Post # 224
Member
815 posts
Busy bee
  • Wedding: April 2014

@CorgiTales:  OH. MY. GOD.  There are no houses in my part of Australia under $200,000. Your house is amazingly beautiful and the type of house I’d love to own. To buy that here, you’re looking at probably around the $700,000 mark. Depending on the suburb it may vary up or down $50,000, a 20 minute drive can shed this much of your purchase price! 

Post # 225
Member
926 posts
Busy bee
  • Wedding: November 1999

@AlmostMrsShield:  yep. No houses for $700k either until you’re an hour out of the city. 

Post # 226
Member
575 posts
Busy bee
  • Wedding: July 2011

Haha, I’m at 2 ends of the spectrum. I live in Bermuda and if I were to buy a house as an ex-pat, I would have to enter the market at $3.5M–>that’s $3,500,000. So, we rent…

 

 

 

In my tiny hometown, there are FEW listings ABOVE $200k, this is a sprawling, Ranch style home, $205K: 3,659 sq ft, 3.08 acres

 

http://www.zillow.com/homedetails/412-Woodhaven-Cir-Jacksonville-TX-75766/87226997_zpid/ 

 

 

 

 

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