Housing comparisons
This morning I was reading one of my very favorite blogs, in which Le ShallowGal talks about House Hunters. She showed me what one can buy for under $300k in certain parts of the country.
Two to three bedrooms, small lots, definitely no pools. And that first one is a manufactured home.
Of course, $300k would be completely out of my price range, along with the vast majority of other young adults in their mid twenties. Lets think about the first time home buyer and take a look at what we have for under $200k.
Ermm, no offense, but eww. Tiny, old manufactured homes on itty bitty lots in my least favorite area of the county.
BUT! Lets check a couple of random states!
If I felt like moving to Portland, Maine I could buy this:
So it's pretty ugly, but with some paint and landscaping it could be cute. I kinda like how weird it is. And it's four bedrooms, two and a half baths on over an acre with an in ground pool. For $158,200. And I love Maine.
Or if I took off to Huntsville, Alabama I could get this (I just have to point out real quick that in Huntsville one can get an ACTUAL HOUSE for under $20,000. WHAT?!):
Uh, this is pretty cute for a first time home buyer. Know how much it is? $65,900.
Hazen, North Dakota?
Three beds, two baths. Over two thousand sqaure feet. Larger lot. $89,900.
I've reached a conclusion.
I'm living in the wrong state.
It's frustrating to look around where you live and think to yourself, I will never be able to buy a house here. I hate paying rent, but even with the housing market crashing and burning and prices dropping like stones everywhere I look, there's still no way for me to buy something halfway decent.
Single men and women with decent jobs cannot buy a house in this area, unless they want to take a dive into the nasty part of the county. And I think there is something seriously wrong with that.
This entry was posted on Tuesday, July 29, 2008
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3 comments:
I know what you mean. J and I can even afford to buy a one bedroom apartment at the moment. The house prices are just way too steep.
We're hoping that the interest rates and stuff will calm down in about two years and maybe we can afford a small two bedroom house.
I hate renting but we just cannot afford anything else.
North Dakota? So not worth it.
Fortunately we bought our property well before the peak of the market, but prices have really come down out here.
PCSGuy and I couldn't even afford to buy our own house today, and it's way too small for 5 people in a marginal neighborhood. Houses like the ones in that house hunter episode are easily a $800,000 here.
Thanks for the shout out!
xoxo, SG
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