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You can buy a home for $200 to $250 in the Houston - Dallas area? That's shockingly cheap. Sounds like no money to me. In Seattle you truly are looking at $450,000 to $550,000 to buy a decent real home (not a condo) in the city limits, and some of the surrounding areas are just as expensive. My girlfriend bought a house in Bellevue like 2 years ago, and paid $425,000 and thought she got an amazing deal on the home. Btw, she works at Microsoft and bought a home as a single woman!
I think there is a thread floating around that discusses the most affordable cities. But yes, it is possible to get a nice home for $250,000 in some cities such as Dallas, Houston, Austin, San Antonio, Denver, Minneapols-St. Paul and Atlanta.
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You might be able to find a dumpy condo in the city of Seattle for $200 to $250.
I've seen quite a few NICE condos in downtown Seattle for $225,000-$275,000 for a 1 bed/ 1 bath.
There are several cities in Florida that seem to be overpriced(Fort. Myers, For Lauderdale, Orlando) when you take in account the cost of real estate (including taxes and insurance) and whether or not most of the people in the area can afford to buy.
Philadelphia is probably the most affordable city in the Northeast. You can buy a 3br row home in Philly, in a nice middle class neighborhood, for $200k.
Location: Huntersville/Charlotte, NC and Washington, DC
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Originally Posted by lammius
Baltimore Va Bch and Norfolk??? Perhaps the biggest bargains on the east coast!!
No Atlanta, Charleston, Charlotte are the biggest bargains on east coast. You'd need at least 300K for a decent sfh in Va Beach, Norfolk and more in B-more.
Chicago is enigmatic. It's just another Midwestern city (industrial base and railway lines), with a lake and a river ... but it's also a global center. So it's overpriced if you compare it to Cleveland or Milwaukee (which also has rivers and lakes), but a bargain compared to oh, say, Berlin.
I've seen quite a few NICE condos in downtown Seattle for $225,000-$275,000 for a 1 bed/ 1 bath.
Well 'nice' can be quite subjective. Condos in that price range, from what I can see, are a rare bird. A studio downtown maybe?
Nice Seattle Condo for a Great Price! (http://seattle.craigslist.org/see/rfs/363999402.html - broken link)
Luxury High rise Studio Condo (http://seattle.craigslist.org/see/rfs/363265518.html - broken link)
^ That's a lovely studio for $275,000.
Downtown Area Condo (http://seattle.craigslist.org/see/rfs/363900709.html - broken link)
^ Another studio - $277,000 - and same buidling as above.
The overwhelming majority of condos on craigslist were well above that price range, and to be able to buy a nice studio for $275,000 is no bargain to me.
Well 'nice' can be quite subjective. Condos in that price range, from what I can see, are a rare bird. A studio downtown maybe?
Nice Seattle Condo for a Great Price! (http://seattle.craigslist.org/see/rfs/363999402.html - broken link)
Luxury High rise Studio Condo (http://seattle.craigslist.org/see/rfs/363265518.html - broken link)
^ That's a lovely studio for $275,000.
Downtown Area Condo (http://seattle.craigslist.org/see/rfs/363900709.html - broken link)
^ Another studio - $277,000 - and same buidling as above.
The overwhelming majority of condos on craigslist were well above that price range, and to be able to buy a nice studio for $275,000 is no bargain to me.
it's all a matter of perspective I guess. those same condos in a good area of Manhattan would be at least $650K (if not more). $275K seems like a steal to me.
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