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558
Joined
8/4/2014
Location
Idaho Falls, ID, USA
Well me and the wife are getting ready to upgrade from our first home.
We're gonna be spending at the most 160k. Most in that price rangein our area are about 2000 square feet. 2 car garage. And about a 1/4 acre.
It always baffled me what other places housing markets are like. Throw me some examples of what everyone elses areas are like.
We're gonna be spending at the most 160k. Most in that price rangein our area are about 2000 square feet. 2 car garage. And about a 1/4 acre.
It always baffled me what other places housing markets are like. Throw me some examples of what everyone elses areas are like.
When I retire in a couple of years I would like to move up near my sister in Ontario Oregon. I could sell here and pay cash for a place there. I have lived in this area my whole life but can't afford to retire here.
The house we have now is in more of a vacation type area, but there are a lot more "year rounders" than even a few years ago. 4BR, 5BA, about 3200 sq ft on 3 levels and a fairly small lot (8K ft?) for just over $400K.
It's about 15 minutes into Lake Chelan, 35 minutes into Wenatchee, so it's relatively rural. Includes community waterfront, park, pool, boat launches, and 3 marinas.
$160K right here might get you an older double wide in a community without those features, no garage, and dirt roads throughout. Maybe. Even that would be a stretch.
Never really thought of a quarter acre as a big yard. I would love to find a place with a lot big enough I could build a 20x40 shop. But pretty much the only way you can do that is to either spend big money on a place. (about 250 or more) or buy a plot of land and build.
The housing market in Colorado is booming. I seen no end in sight, but know that this type of growth wont come without a crash.
The Shop
Luxon 4-Post Bar Mounts
$189.95 - $239.95
DeCal Works Huge Plastic Inventory of UFO and Polisport kits.
I just brought a 2 bedroom attached unit, with a single garage for $410, 000 Kiwi , (approx $307, 000 US)
the market has gone mental here in the last 2 years, with average house prices going up 20-30% a year, god knows when it is going to stop, they have just brought in lending restrictions so you have to have 40% deposit to buy a second house to try and stop the speculation,
I still own a place in auckland that i brought in 2012 for $519,000; its worth approx $900K now,
http://www.greaterfool.ca/2016/09/24/have-we-lost-our-way/
Bought my house 1720 sq feet on 1 acre for 121k. Appraised at 160 (maybe so I have to pay more taxes)
Head to the beach here on the gulf coast and 300 will currently get you about 1600 square foot of new construction this far from the water.
Go to the front row by the water and 300 may still get you a vacant lot. Lots are fairly small so we bought the lot next to ours so no one else could build on the beach side of us.
Requires renting it out about 12 weeks a year to cover taxes, insurance and utilities. Beyond that any other rent goes towards maintenance or the note which fortunately only has five years left on what was a ten year equity loan on our house. Nothing too nice but nice enough for us. Need to get down here more often. Hung some new lights over the bar today.
Off season is best season. Not too crowded, weather still good and fishing gets better.
Pit Row
1800 Sq foot home, 24x36 finished pole barn. All new windows, roof, furnace, central air system and ducts, new kitchen with stainless everything, came with new washer and dryer.
It's on an acre lot on a country club. I walk out nightly and play a few holes.
We paid $165,000. With a bathroom reno I just did, the 10 trees I cut down and dug out, the grade work and landscape work we did, and the shed refurbish we think it'll go for around $200,000 when we sell.
The Northern Nevada area housing market has climbed thanks to all the businesses that have decided to open shop here (Tesla, Apple put an iCloud facility up here, and more). Reno/Sparks about an half-hour north of me has been the biggest jump, but it's starting to worry people that the prices are getting too high for many to afford.
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