Cost of Homes?
DAMIMRED
Joined: May 2002
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From: Syracuse, NY
www.uticaromerealtor.com you can get a nice starter home (1000-1500 sq. ft) in a good neighborhood for ~75k (you can spend more if you want to but for that you get a nice house)
these 600k and 700k im seein up there in the other posts, you can get a 5000 sq ft mansion on 15+ acre property.... with breathtaking views and sometimes waterfront.... check the website you will see some examples
these 600k and 700k im seein up there in the other posts, you can get a 5000 sq ft mansion on 15+ acre property.... with breathtaking views and sometimes waterfront.... check the website you will see some examples
Senior Member
Joined: Mar 2002
Posts: 16,353
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From: Ossining, New York
Originally Posted by ISP James
www.uticaromerealtor.com you can get a nice starter home (1000-1500 sq. ft) in a good neighborhood for ~75k (you can spend more if you want to but for that you get a nice house)
these 600k and 700k im seein up there in the other posts, you can get a 5000 sq ft mansion on 15+ acre property.... with breathtaking views and sometimes waterfront.... check the website you will see some examples
these 600k and 700k im seein up there in the other posts, you can get a 5000 sq ft mansion on 15+ acre property.... with breathtaking views and sometimes waterfront.... check the website you will see some examples
almost enough to make ya wanna move up there . . . almost :happysad:
Senior Member
Joined: May 2002
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Average in my area is about $290k for a dump that 20-40 years old, average wage and IM not kidding is $9.50. Its either going to come to ahead and bomb out or your going to have alot of children who never leave home.
The need to close the tax liabilties which are 0% on the first 250k profit on selling a home for single people. More people are playing the real estate market it seems because of this, Vs the stock market is 15% tax on profits.
The only thing that is really scarey is how many banks have put themselves so far out hoping for an increase in values to stay its course. If they don't there will be a lot of repos and banks will be hurting with on some of the loan vehilces they used to finace the booming market.
As a society where commiting are selves to poverty with real estate values going up so fast. There is little incentive now days to build affordable housing for those who serve the community. I know after college I will leave CA
The need to close the tax liabilties which are 0% on the first 250k profit on selling a home for single people. More people are playing the real estate market it seems because of this, Vs the stock market is 15% tax on profits.
The only thing that is really scarey is how many banks have put themselves so far out hoping for an increase in values to stay its course. If they don't there will be a lot of repos and banks will be hurting with on some of the loan vehilces they used to finace the booming market.
As a society where commiting are selves to poverty with real estate values going up so fast. There is little incentive now days to build affordable housing for those who serve the community. I know after college I will leave CA
Joined: Oct 2000
Posts: 44,908
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From: Location Location
Originally Posted by 95SiR
this is ridiculous.
my mom's neighbor just sold their house for 900k and its about 5-600 sq ft smaller than my mom's house. and these are old houses originally buil in the 30's and 40's.
my friend's condo in LA just had it appraised and its selling price is about 495k... for a frikkin 2bd/2bth CONDO. :wtf:
my mom's neighbor just sold their house for 900k and its about 5-600 sq ft smaller than my mom's house. and these are old houses originally buil in the 30's and 40's.
my friend's condo in LA just had it appraised and its selling price is about 495k... for a frikkin 2bd/2bth CONDO. :wtf:
my gfs parents property is valued between 1.3-1.5Million dollars. purchased for $400K back in 1997-98.
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Thread Starter
FasterThanASpeedingTicket
Joined: Oct 2002
Posts: 49
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From: Cali
What's the Median Income in your areas also? In Sac its approx. $45K, which makes it difficult to purchase a decent home anywhere. Luckily I make more than this, but it feels like its never enough.
DakarM - I don't think you meant anything with you last comment, but about being screwed in CA this was my opinion because of what my parents(in 1987) and what my other family members paid for (in the last 5-10 years) their home compared to what I will need to be paying. I'm paying twice as much as my aunt who has a sligthly larger home with more upgrades that she bought 6-7 years ago. I'm sure if you talk with other first time home buyers in the Sacramento Area (Elk Grove, Roseville, Rocklin, Folsom, Lincoln) many would agree they are getting the short end of the stick with purchasing a home. You could buy a new starter home (in a track community approximately 1,100 to 1,700 sq ft)for around $90K to $130K about 5 years ago, now you can't touch those same size houses for under $350K some areas they are in the +$400K mark. About 5-7 years ago with $500k you could by a fairly large custom home (anywhere from 3,000sq ft to 5,000 sq ft house) on an acre or two of land in one of the more upscale places in the area (gated community). Those same houses go for about $1.5 million and above. I guess my actual gripe is the increase in cost to purchase a home compared the increase in income, which has grown at an equal pace. I shudder at the thought of paying a +$500 for property tax monthly when I know others are paying $100-$200.
DakarM - I don't think you meant anything with you last comment, but about being screwed in CA this was my opinion because of what my parents(in 1987) and what my other family members paid for (in the last 5-10 years) their home compared to what I will need to be paying. I'm paying twice as much as my aunt who has a sligthly larger home with more upgrades that she bought 6-7 years ago. I'm sure if you talk with other first time home buyers in the Sacramento Area (Elk Grove, Roseville, Rocklin, Folsom, Lincoln) many would agree they are getting the short end of the stick with purchasing a home. You could buy a new starter home (in a track community approximately 1,100 to 1,700 sq ft)for around $90K to $130K about 5 years ago, now you can't touch those same size houses for under $350K some areas they are in the +$400K mark. About 5-7 years ago with $500k you could by a fairly large custom home (anywhere from 3,000sq ft to 5,000 sq ft house) on an acre or two of land in one of the more upscale places in the area (gated community). Those same houses go for about $1.5 million and above. I guess my actual gripe is the increase in cost to purchase a home compared the increase in income, which has grown at an equal pace. I shudder at the thought of paying a +$500 for property tax monthly when I know others are paying $100-$200.
Joined: Oct 2000
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From: Location Location
Originally Posted by IdealConcepts
What's the Median Income in your areas also? In Sac its approx. $45K, which makes it difficult to purchase a decent home anywhere. Luckily I make more than this, but it feels like its never enough.
DakarM - I don't think you meant anything with you last comment, but about being screwed in CA this was my opion because of what my parents(in 1987) and what my other family members paid for (in the last 5-10 years) their home compared to what I will need to be paying. I'm paying twice as much as my aunt who has a sligthly larger home with more upgrades that she bought 6-7 years ago. I'm sure if you talk with other first time home buyers in the Sacramento Area (Elk Grove, Roseville, Rocklin, Folsom, Lincoln) many would agree they are getting the short end of the stick with purchasing a home. You could buy a new starter home (in a track community approximately 1,100 to 1,700 sq ft)for around $90K to $130K about 5 years ago, now you can't touch those same size houses for under $350K some areas they are in the +$400K mark. About 5-7 years ago with $500k you could by a fairly large home (anywhere from 3,000sq ft to 5,000 sq ft house) on an Acre or Two of land in one of the more upscale place in the area. Those same houses go for about $1.5 and above.
DakarM - I don't think you meant anything with you last comment, but about being screwed in CA this was my opion because of what my parents(in 1987) and what my other family members paid for (in the last 5-10 years) their home compared to what I will need to be paying. I'm paying twice as much as my aunt who has a sligthly larger home with more upgrades that she bought 6-7 years ago. I'm sure if you talk with other first time home buyers in the Sacramento Area (Elk Grove, Roseville, Rocklin, Folsom, Lincoln) many would agree they are getting the short end of the stick with purchasing a home. You could buy a new starter home (in a track community approximately 1,100 to 1,700 sq ft)for around $90K to $130K about 5 years ago, now you can't touch those same size houses for under $350K some areas they are in the +$400K mark. About 5-7 years ago with $500k you could by a fairly large home (anywhere from 3,000sq ft to 5,000 sq ft house) on an Acre or Two of land in one of the more upscale place in the area. Those same houses go for about $1.5 and above.
screwed? far from it. paying twice as much? yeah? so? if you could have bought when she did you would have. If I bought my house 2 years earlier, I would have only paid $400K.
Edit: median income in my town... I think around $125K not sure.
MSN says: $134,014
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Originally Posted by WiLL
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Last edited by DakarM; Aug 1, 2005 at 12:01 PM.
bboy Wesley West
Joined: Oct 2003
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From: six-five-o
san mateo=700k+
depending on what area but the ghetto area is still around 500k
burlingame is at least 1.3mil
anywhere other than san mateo countyis kinda out of the peninsula so i wouldnt know.
depending on what area but the ghetto area is still around 500k
burlingame is at least 1.3mil
anywhere other than san mateo countyis kinda out of the peninsula so i wouldnt know.