How much house can you get for $220,000?

[alphatarget1]

Originally posted by: RaistlinZ
San Diego, Calif.

1 bedroom, 1 bath
680 square feet, on a 2,143-square-foot lot
Built in 1928
Offered at $220,000

LAWL :laugh:

===============

Aurora, Colo.

3 bedrooms, 3 baths
2,053 square feet, including 470 feet of open basement, on a 0.12-acre lot
Built in 1999
Offer just in for $218,500

Pretty decent housing in Colorado though.

===============

Houston

4 bedrooms, 3 baths
2,550 square feet, on an 8,105-square-foot lot
Year built: 1999
Price: $218,800

"The nine-year-old home on a cul-de-sac in the Mandolin Village neighborhood comes with a heated pool, an extra-large hot tub and a fenced patio."

Wow! Time to move to Houston. :thumbsup:

Houston sucks.

 

[DrPizza]

Originally posted by: sdifox

Originally posted by: DrPizza
I don't know how much house you can get for $220,000 around here. I'm trying another zip code in this area at the moment. I can't find any that expensive yet.

Here's a decent looking older home in a nicer part of town:
$25,000 2000 sq ft, 3 bedrooms, 2bath, fireplace...

If you want to get a "fixer-upper", here's one out in the country.
A couple acres with it, but definitely a fixer-upper.
$100 5 bedrooms, 2634 sq ft, 2.1 acre, good school district
The $100 is probably an error. I'd guess closer to $20,000

Moving up the ladder in price:
45,900
3BR 1bath, newer house (1982) 1.18 acres

Hmmm. Unless you're one of the pretentious people living on the local lake - a relatively small reservoir where none of the houses have room for an actual leach bed for their septic systems because they're so close together, and construction is a matter of one-upmanship - there's really not much around here in that price range.

I should convince my work to let me telecommunte... but my wife will not let me go there since she wants to be near shopping

If you made a similar amount of money, she'd be able to do much more shopping online than she's able to do in stores.

 

[TheSiege]

here in utahText

 

[Suspicious-Teach8788]

I searched realtor.com and I typed in 5 zip codes in the area (Cupertino, San Jose, Saratoga, Sunnyvale) with no avail for $225,000. I'm guessing you might get a hit if you double that price, but even then you'd be really lucky to find something. I say tripling the price is what I expect to pay when I'm going to look for a house in the Bay Area.

 

[JS80]

It's not so much how much the house costs, in metro CA cities it's the value of the raw land that is expensive.

 

[Ns1]

Originally posted by: JS80
It's not so much how much the house costs, in metro CA cities it's the value of the raw land that is expensive.

220k would buy you a nice porsche with money to spare for motel rooms.

You can't drive a house but you can live in your car

 

[JS80]

Originally posted by: Ns1

Originally posted by: JS80
It's not so much how much the house costs, in metro CA cities it's the value of the raw land that is expensive.

220k would buy you a nice porsche with money to spare for motel rooms.

You can't drive a house but you can live in your car

I'm just saying people think CA homes are expensive but it's the land that is inflating the price. For a typical $210k house in the midwest it's $10k for the lot and $200k in construction whereas in CA it's the same $200k for construction (or a little more) and $500k for the lot.

 

[sdifox]

Originally posted by: DrPizza

I should convince my work to let me telecommunte... but my wife will not let me go there since she wants to be near shopping

If you made a similar amount of money, she'd be able to do much more shopping online than she's able to do in stores. [/quote]

Online shopping <> walking in a mall... unfortunately.

It sucks to be me.

 

[Chaotic42]

$229K in Dimondhead, MS

I just got back from getting pre-approved for a home loan. At $860/mo, my rent is out of hand. I can't imagine some of the loans that people are taking out. I make about $42K/yr, which isn't bad for around here, and I wouldn't be comfortable if I couldn't put 25% of my net income into savings per month.

I'm looking at a $95K house, which I know is going to get me flamed here on the forums, but I can't stand the idea of throwing away $860/mo in rent. Now I just have to worry about flood insurance. :roll:

 

[DrPizza]

Originally posted by: sdifox

Originally posted by: DrPizza

I should convince my work to let me telecommunte... but my wife will not let me go there since she wants to be near shopping

If you made a similar amount of money, she'd be able to do much more shopping online than she's able to do in stores.

Online shopping <> walking in a mall... unfortunately.

It sucks to be me.[/quote]

She can walk to all the Amish places that sell quilts and stuff. Much more scenic than inside a mall.

 

[AmigaMan]

Originally posted by: Chaotic42
$229K in Dimondhead, MS

I just got back from getting pre-approved for a home loan. At $860/mo, my rent is out of hand. I can't imagine some of the loans that people are taking out. I make about $42K/yr, which isn't bad for around here, and I wouldn't be comfortable if I couldn't put 25% of my net income into savings per month.

I'm looking at a $95K house, which I know is going to get me flamed here on the forums, but I can't stand the idea of throwing away $860/mo in rent. Now I just have to worry about flood insurance. :roll:

why would that get you flamed? You're living within your means and not overbuying to keep up with the joneses. If anything I think the more level-headed members here would buy you a :beer: or . I'm cheap, so how bout I just give you a :thumbsup:

 

[Pocatello]

Around $200K where I live.

 

[Cattlegod]

229k in detroit

5 bedroom, 3.5 bath, 3000 square feet, 2 car garage, brick

http://www.century21.com/buy/p...l.aspx?tr_key=34049304

 

[herm0016]

house

houghton, MI. nice old house fixed up in a great neighborhood. of you could get a new ranch on a few acres or an older, smaller house on 40 or 50 acres in the same price range.

20k?? thats a city... the town i live in right now has a pop of 521. houghton/hancock has about 11k.

 

[Imdmn04]

Originally posted by: Ns1

Originally posted by: JS80
It's not so much how much the house costs, in metro CA cities it's the value of the raw land that is expensive.

220k would buy you a nice porsche with money to spare for motel rooms.

You can't drive a house but you can live in your car

That's right, and that is why the location of a house is so important because you cant drive it around, the area you live in determines the education quality for your kids, where you hang out, and to a certain extent, your social group. The ability to get to work in 10 mins is a lot better than an hour each way. A good location provide a ton of conveniences and amenities.

Location, location location. It is the most important factor that determine prices in Real Estate. Of course, as with any good things, it comes at a price. It just depends on your situation.

If you are young and single, and a yuppie, a high rise apartment in downtown overlooking the entire city will get you laid, easily. If you are raising a family, you might wanna move out to the 'burbs where the school district is good, and where there are plenty of spaces in the backyard.

 

[Special K]

Originally posted by: Chaotic42
$229K in Dimondhead, MS

I just got back from getting pre-approved for a home loan. At $860/mo, my rent is out of hand. I can't imagine some of the loans that people are taking out. I make about $42K/yr, which isn't bad for around here, and I wouldn't be comfortable if I couldn't put 25% of my net income into savings per month.

I'm looking at a $95K house, which I know is going to get me flamed here on the forums, but I can't stand the idea of throwing away $860/mo in rent. Now I just have to worry about flood insurance. :roll:

When you say your $860 rent is "out of hand", what sort of increases have you been seeing over the past few years?

 

[Jumpem]

That'll get you a nice little house on the lake here.

 

[Chronoshock]

Nothing in the Boston area except condos. Towards the outer suburbs there are some pretty small houses (2br/2b, <1500sq ft) available

 

[Anubis]

Originally posted by: sdifox

Originally posted by: Anubis

Originally posted by: sdifox

Originally posted by: TwiceOver

5th largest "city" with a population of 20k

20k? that barely qualifies as a town

LOL 20K is over 3x the size of the town i live in

You are telling me you live in a hamlet with less people than my subdivision?

2000 census puts my town at just shy of 5000 people, 2007 estimate was closer to 6K
i live like 45 min from Dr Pizza, town where he lives is smaller

 

[thomsbrain]

Originally posted by: tyler811
Not much in Oakland California

Making it even worse: What you can't see in the pic is that East Oakland is one of the roughest neighborhoods in the country.

 

[RaistlinZ]

Originally posted by: Cattlegod
229k in detroit

5 bedroom, 3.5 bath, 3000 square feet, 2 car garage, brick

http://www.century21.com/buy/p...l.aspx?tr_key=34049304

Who would want to move to a city with high crime, high homicide rate, high unemployment, and a dwindling population?

 

[Chaotic42]

Originally posted by: Special K
When you say your $860 rent is "out of hand", what sort of increases have you been seeing over the past few years?

In 2002 my rent at a similar apartment in a larger city was $550. In 2005, according to the guy who used to live below me, the rent here was $500.

 

[Chaotic42]

Originally posted by: AmigaMan
why would that get you flamed? You're living within your means and not overbuying to keep up with the joneses. If anything I think the more level-headed members here would buy you a :beer: or . I'm cheap, so how bout I just give you a :thumbsup:

Thanks!

I thought that the AT housing mantra was that any house worth less than $1M was "OMG teh crap house!11!One". I figure that any property here will be worth quite a bit more in 10 years, so I can move up to a nicer place.

 

[sdifox]

Originally posted by: DrPizza

She can walk to all the Amish places that sell quilts and stuff. Much more scenic than inside a mall.

hahahaha, I'll try that one. I will be prepared to dodge any flying objects though. She's a downtown kind of person, and I hate downtown

 

[sdifox]

Originally posted by: Anubis

Originally posted by: sdifox

Originally posted by: Anubis

Originally posted by: sdifox

Originally posted by: TwiceOver

5th largest "city" with a population of 20k

20k? that barely qualifies as a town

LOL 20K is over 3x the size of the town i live in

You are telling me you live in a hamlet with less people than my subdivision?

2000 census puts my town at just shy of 5000 people, 2007 estimate was closer to 6K
i live like 45 min from Dr Pizza, town where he lives is smaller

lol, I am sure I see more than 5000 people per day.