Where can you buy a house for $500k anymore that is not a total shithole

vixnix · 08-29-2017, 12:47 PM

We're all going to die in poverty wailing at the high security gates of our capitalist pig overlords

ohnoitsbonnie · 08-29-2017, 12:56 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, 01:07 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, 01:09 PM

Mike is 35.

ohnoitsbonnie · 08-29-2017, 01:10 PM

NZ/Aus is a nightmare.

vixnix · 08-29-2017, 01:17 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.

Alice · 08-29-2017, 01:41 PM

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

https://ap.rdcpix.com/411197224/f48b...0_h770_q80.jpg

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.

Alice · 08-29-2017, 01:41 PM

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

Alice · 08-29-2017, 01:41 PM

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

Alice · 08-29-2017, 01:42 PM

With overtones of hot jazz

Alice · 08-29-2017, 01:42 PM

Undertones?

vixnix · 08-29-2017, 01:58 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, 02:00 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, 02:21 PM

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

That house is only mildly weird

MyOneAndOnly · 03:56 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, 03:55 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, 03:55 PM

which type of dollar are you talking, vix?

ohnoitsbonnie · 08-29-2017, 03:58 PM

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

ohnoitsbonnie · 08-29-2017, 03:58 PM

Still in NJ.

ohnoitsbonnie · 08-29-2017, 04:04 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.

run2pee · 08-29-2017, 04:58 PM

Quote:

Originally Posted by Tyler

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

https://ap.rdcpix.com/411197224/f48b...0_h770_q80.jpg

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, 05:02 PM

Can't wait 2 visit.

FlamingGlobes · 08-29-2017, 05:47 PM

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

FlamingGlobes · 08-29-2017, 05:48 PM

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

FlamingGlobes · 08-29-2017, 05:49 PM

Quote:

Originally Posted by Tyler

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

We can call ourselves Humblebrag

ohnoitsbonnie · 08-29-2017, 06:39 PM

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

ohnoitsbonnie · 08-29-2017, 06:44 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, 06:45 PM

Quote:

Originally Posted by ohnoitsbonnie

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

Yes, depending on your property taxes.

duovamp · 08-29-2017, 06:45 PM

Quote:

Originally Posted by ohnoitsbonnie

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.

ohnoitsbonnie · 08-29-2017, 06:48 PM

Glad you're here, duovamp.

08-29-2017, 12:47 PM	#1
vixnix Socialphobic Location: we are champions, bathed in the heat of a thousand flame wars in the grim future of the internet there is only netphoria Posts: 12,467	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

08-29-2017, 03:51 PM	#15
MyOneAndOnly Shut the fuck up! Location: "Okay, white power feminist" - yo soy el mejor Posts: 23,882	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 Last edited by MyOneAndOnly : 08-29-2017 at 03:56 PM.

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08-29-2017, 12:56 PM	#2
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	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

08-29-2017, 01:07 PM	#3
vixnix Socialphobic Location: we are champions, bathed in the heat of a thousand flame wars in the grim future of the internet there is only netphoria Posts: 12,467	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.

08-29-2017, 01:09 PM	#4
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	Mike is 35.

08-29-2017, 01:10 PM	#5
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	NZ/Aus is a nightmare.

08-29-2017, 01:17 PM	#6
vixnix Socialphobic Location: we are champions, bathed in the heat of a thousand flame wars in the grim future of the internet there is only netphoria Posts: 12,467	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.

08-29-2017, 01:41 PM	#7
Alice Minion of Satan Location: i am volatile, a free spirit, a rogue agent Posts: 6,254	http://www.realtor.com/realestateand...7_M80519-37864 https://ap.rdcpix.com/411197224/f48b...0_h770_q80.jpg 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.

08-29-2017, 01:42 PM	#10
Alice Minion of Satan Location: i am volatile, a free spirit, a rogue agent Posts: 6,254	With overtones of hot jazz

08-29-2017, 01:58 PM	#12
vixnix Socialphobic Location: we are champions, bathed in the heat of a thousand flame wars in the grim future of the internet there is only netphoria Posts: 12,467	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.

08-29-2017, 02:00 PM	#13
vixnix Socialphobic Location: we are champions, bathed in the heat of a thousand flame wars in the grim future of the internet there is only netphoria Posts: 12,467	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.

08-29-2017, 02:21 PM	#14
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	https://www.zillow.com/homedetails/1...39913572_zpid/ Come be my neighbor (not a flood zone) That house is only mildly weird

08-29-2017, 03:55 PM	#16
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	2.5% according to the bureau of labor statistics. Median home price is $171k. Still in Michigan.

08-29-2017, 03:55 PM	#17
Cool As Ice Cream Just Hook it to My Veins! Location: František! How's the foot of your turtle? Posts: 32,743	which type of dollar are you talking, vix?

08-29-2017, 03:58 PM	#18
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	The median home price of Somerville is $292k and the unemployment rate of somerset county is 3.2%.

08-29-2017, 04:04 PM	#20
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	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.

08-29-2017, 05:02 PM	#22
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	Can't wait 2 visit.

08-29-2017, 05:47 PM	#23
FlamingGlobes Socialphobic Location: I’ve been trying to move to the Nordic countries for 5 years but the cost is astronomical to become an expatriate Posts: 14,679	If you can afford a 500K house, I don't think you're dying of poverty.

08-29-2017, 05:48 PM	#24
FlamingGlobes Socialphobic Location: I’ve been trying to move to the Nordic countries for 5 years but the cost is astronomical to become an expatriate Posts: 14,679	Why does this thread feel like a humblebrag? Please tell me this isn't a humblebrag.

08-29-2017, 06:39 PM	#26
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	I want to hear stories about buying homes. Are mortgage calculators usually correct?

08-29-2017, 06:44 PM	#27
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	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?

08-29-2017, 06:48 PM	#30
ohnoitsbonnie Banned Location: somerville, nj Posts: 23,382	Glad you're here, duovamp.