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-   -   Where can you buy a house for $500k anymore that is not a total shithole (http://forums.netphoria.org/showthread.php?t=185444)

vixnix 08-29-2017 01:47 PM

Where can you buy a house for $500k anymore that is not a total shithole
 
We're all going to die in poverty wailing at the high security gates of our capitalist pig overlords

ohnoitsbonnie 08-29-2017 01:56 PM

Many surburban parts of the USA. We're struggling to figure out to buy a 200-250k house. The problem is that the property taxes are so high that your mortgage payment is effectively doubled. Also want a sufficient down payment and we're a little over halfway there (with no help from outside parties). A 3 bedroom 1 bath house for $250k where I live is either a tear down or very ugly (which I can deal with if the rest is classic and has potential enough). I will not be ok with taking out loans in order to fix any major problems after initially buying the house, so it has to be ugly but functional.

But half a million? You'll have a huge property tax burden but you'll get a nice home here

vixnix 08-29-2017 02:07 PM

Well that's comforting. We're 15 years older than you and Mike so although our income has increased, we don't have nearly as many working years left so a) we have less of a window to borrow and be expected to repay, and b) actually repay.

$500k is the maximum price we can pay for a house, to be mortgage free by retirement. It's kinda scary because that gets us hardly anything in New Zealand or Australia, in places where Pete could actually find work.

ohnoitsbonnie 08-29-2017 02:09 PM

Mike is 35.

ohnoitsbonnie 08-29-2017 02:10 PM

NZ/Aus is a nightmare.

vixnix 08-29-2017 02:17 PM

Seriously. It's so depressing. I wonder how hard it would be to emigrate to the U.S. and live under President Cuckoo Banana's watch.

Tyler 08-29-2017 02:41 PM

http://www.realtor.com/realestateand...7_M80519-37864



Under $400,000 and it has a detached meditation temple. I want it real bad. I also love New Orleans. But then there's flooding to worry about.

Tyler 08-29-2017 02:41 PM

I guess it's not for sale anymore but it was like maybe a month ago?

Tyler 08-29-2017 02:41 PM

Let's all move to New Orleans and start a noise band

Tyler 08-29-2017 02:42 PM

With overtones of hot jazz

Tyler 08-29-2017 02:42 PM

Undertones?

vixnix 08-29-2017 02:58 PM

I loved New Orleans when I was there, but I can't bring myself to buy in a flood zone. Not rich enough to swallow that loss. :(

vixnix 08-29-2017 03:00 PM

I won't buy in most parts of New Zealand because of the risk of earthquake damage. We can only buy one house. We need it to stay standing, and stay dry. It doesn't have to be in a cool neighbourhood.

ohnoitsbonnie 08-29-2017 03:21 PM

https://www.zillow.com/homedetails/1...39913572_zpid/
Come be my neighbor (not a flood zone)

That house is only mildly weird

MyOneAndOnly 08-29-2017 04:51 PM

1960s era brink homes with two stall attached garages in my neighborhood for about $150k. 2 miles from city centre and at the intersection of two bus lines. Two supermarkets within a 5min walk. Our unemployment rate is about 2%. There are thousands of unfilled jobs here. Only problem is that homes are selling within hours of being listed. Hottest real estate market in the country, but not yet too expensive.


https://www.zillow.com/homes/for_sal...omePageTab=buy


No earthquakes. No wild fires. No Hurricanes. No floods. And we're 30 min from the coast. 3 hrs from Chicago and billy corgan's fucking house

ohnoitsbonnie 08-29-2017 04:55 PM

2.5% according to the bureau of labor statistics. Median home price is $171k. Still in Michigan.

Cool As Ice Cream 08-29-2017 04:55 PM

which type of dollar are you talking, vix?

ohnoitsbonnie 08-29-2017 04:58 PM

The median home price of Somerville is $292k and the unemployment rate of somerset county is 3.2%.

ohnoitsbonnie 08-29-2017 04:58 PM

Still in NJ.

ohnoitsbonnie 08-29-2017 05:04 PM

NJ: has a bit of everything. Like lead. Flint gets a lot of press but I think we low key have them beat. But Michigan is a lot more obese. If I were to move out of NJ we'd go down to state #50.

Run To Me 08-29-2017 05:58 PM

Quote:

Originally Posted by Tyler (Post 4380760)
http://www.realtor.com/realestateand...7_M80519-37864



Under $400,000 and it has a detached meditation temple. I want it real bad. I also love New Orleans. But then there's flooding to worry about.

New Orleans is my fave city I've ever visited in the USA and that is a lot of cities. Been there at least once a year since 2005 or so, can't get enough. Wish I could bottle some of that spirit and take it back with me, it's so boring/gross everywhere else

ohnoitsbonnie 08-29-2017 06:02 PM

Can't wait 2 visit.

FlamingGlobes 08-29-2017 06:47 PM

If you can afford a 500K house, I don't think you're dying of poverty.

FlamingGlobes 08-29-2017 06:48 PM

Why does this thread feel like a humblebrag? Please tell me this isn't a humblebrag.

FlamingGlobes 08-29-2017 06:49 PM

Quote:

Originally Posted by Tyler (Post 4380762)
Let's all move to New Orleans and start a noise band

We can call ourselves Humblebrag

ohnoitsbonnie 08-29-2017 07:39 PM

I want to hear stories about buying homes. Are mortgage calculators usually correct?

ohnoitsbonnie 08-29-2017 07:44 PM

My mom told me to only buy a house when we have 20% of the asking price. So for our reasonably priced starter home this is 40-50k, which is a lot for a millennial. I know this isn't BAD advice, but has anyone not done it and lived to tell the tale?

duovamp 08-29-2017 07:45 PM

Quote:

Originally Posted by ohnoitsbonnie (Post 4380816)
I want to hear stories about buying homes. Are mortgage calculators usually correct?

Yes, depending on your property taxes.

duovamp 08-29-2017 07:45 PM

Quote:

Originally Posted by ohnoitsbonnie (Post 4380818)
My mom told me to only buy a house when we have 20% of the asking price. So for our reasonably priced starter home this is 40-50k, which is a lot for a millennial. I know this isn't BAD advice, but has anyone not done it and lived to tell the tale?

Most banks will do 10% down, which is fine.


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