Go Back   Computer Forums > Welcome To Computer Forums .org > Social Lounge | Off Topic
Click Here to Login
Join Computer forums Today


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 01-27-2014, 03:50 AM   #1
Fully Optimized
 
ssc456's Avatar
 
Join Date: Jan 2007
Posts: 4,279
Send a message via MSN to ssc456
Default Property Market

Hey Guys,

I'm curious about the property market around the world.

Over here where I live in Milton Keynes around 140,000 would get you a small 1 - 2 bed terraced house (connected to others) in a reasonably location of town.

Me and the Mrs were nosing at houses in the states Florida specifically just because that's only location I could think of and there were like 4 bedroom detached huge houses I mean . . . 4 bedroom house for sale in Florida, Orange County, Orlando, USA

That's bonkers!! Is that price right lol?

What's the property market like over there for first time buyers?
__________________

__________________
He who has never failed has never attempted anything worth succeeding at.

Dont Eat Animals, Its Not Good For Them And They Dont Like It!
ssc456 is offline   Reply With Quote
Old 01-27-2014, 11:05 AM   #2
BSOD
 
Join Date: Jan 2013
Location: MI, USA
Posts: 722
Default Re: Property Market

Quote:
Originally Posted by ssc456 View Post
Hey Guys,

I'm curious about the property market around the world.

Over here where I live in Milton Keynes around 140,000 would get you a small 1 - 2 bed terraced house (connected to others) in a reasonably location of town.

Me and the Mrs were nosing at houses in the states Florida specifically just because that's only location I could think of and there were like 4 bedroom detached huge houses I mean . . . 4 bedroom house for sale in Florida, Orange County, Orlando, USA

That's bonkers!! Is that price right lol?

What's the property market like over there for first time buyers?
You can have my house for $200,000, 2 bath, 4 bed, about 10 acres.. Yeah the houses have gotten really cheap here in the states...
__________________

Life is offline   Reply With Quote
Old 01-27-2014, 11:26 AM   #3
Fully Optimized
 
ssc456's Avatar
 
Join Date: Jan 2007
Posts: 4,279
Send a message via MSN to ssc456
Default Re: Property Market

Quote:
Originally Posted by Life View Post
You can have my house for $200,000, 2 bath, 4 bed, about 10 acres.. Yeah the houses have gotten really cheap here in the states...
Holy sugar!!

What's your mortgages like?
Here we have a new buy scheme which is helping but means for $200,000 house you'd need to save around $20,000 for a deposit and various solicitor fees etc.

Have you seen what pile of excrement 140,000 gets you in Milton Keyens where i'm from . . . .

1 Bed Apartment (shoebox) . . . 1 bedroom apartment for sale in The Hub, Milton Keynes, MK9

2 Bed Apartment (rough area) . . . .2 bedroom apartment for sale in Central Bletchley, MK2

2 Bed Terraced House (rough area) . . . . 2 bedroom terraced house for sale in Hunstanton Way, Bletchley, Milton Keynes, Buckinghamshire, MK3, MK3
__________________
He who has never failed has never attempted anything worth succeeding at.

Dont Eat Animals, Its Not Good For Them And They Dont Like It!
ssc456 is offline   Reply With Quote
Old 01-27-2014, 12:06 PM   #4
BSOD
 
Join Date: Jan 2013
Location: MI, USA
Posts: 722
Default Re: Property Market

Quote:
Originally Posted by ssc456 View Post
Holy sugar!!

What's your mortgages like?
Here we have a new buy scheme which is helping but means for $200,000 house you'd need to save around $20,000 for a deposit and various solicitor fees etc.

Have you seen what pile of excrement 140,000 gets you in Milton Keyens where i'm from . . . .

1 Bed Apartment (shoebox) . . . 1 bedroom apartment for sale in The Hub, Milton Keynes, MK9

2 Bed Apartment (rough area) . . . .2 bedroom apartment for sale in Central Bletchley, MK2

2 Bed Terraced House (rough area) . . . . 2 bedroom terraced house for sale in Hunstanton Way, Bletchley, Milton Keynes, Buckinghamshire, MK3, MK3
Lol why do they cost so much?? Here those are about 40k Each... Not 140k!!
Here, the mortage would be about: You borrow 200k from the bank. And pay about ( I think $200 month? ) until the whole house is payed off. Plus about 1.3% of what the bank lent to you. So around 220k after everything. Which is still rather cheap. I don't understand why your houses cost so much lol.
Life is offline   Reply With Quote
Old 01-27-2014, 12:34 PM   #5
In Runtime
 
Mossiac's Avatar
 
Join Date: Jan 2013
Location: UK
Posts: 357
Default Re: Property Market

Ours cost so much because the government is busy looking like they are dealing with things and all the while house prices etc are spiraling out of control. But hey at least the national debt is going to take 2 weeks less to pay off.

Also the 20% tax doesn't help.

Mossiac

Sent from my GT-I9505 using Computer Forums mobile app
__________________
OS: Windows 7 64-bit Case: Commander MS-I
Mother Board: GA-880GM-UD2H CPU: AMD PhenomII X4 965 3.4GHz(Stock) RAM: 16GB GPU: GeForce GTX 550 Ti
Mossiac is offline   Reply With Quote
Old 01-27-2014, 01:17 PM   #6
Fully Optimized
 
strollin's Avatar
 
Join Date: Mar 2011
Location: USA
Posts: 1,944
Default Re: Property Market

Property values are effected by many variables, but mostly they say the main thing about real estate is "location, location, location".

I live in Calif and have a 2900 sq ft, 4 BR 2 bath house on 2.25 acres that is currently valued at around $990,000 (it was valued at about $1.5 million before values fell a few years ago). If my house was in Mich (where Life lives) it would probably be valued at around $250,000 or so. If it was in the southern US, it would probably be valued even less. If my house was 30 miles north of here, in the same county, it would probably double in value.

Why is my house worth more here than if it was in Mich or somewhere else? Calif is generally considered a more desirable place to live than other places due to weather, available employment and higher salaries. My home's close proximity to the silicon valley (home to Apple, Intel, AMD, Google, Oracle, etc...) also helps to boost it's value.
strollin is offline   Reply With Quote
Old 01-27-2014, 01:29 PM   #7
BSOD
 
Join Date: Jan 2013
Location: MI, USA
Posts: 722
Default Re: Property Market

Quote:
Originally Posted by strollin View Post
Property values are effected by many variables, but mostly they say the main thing about real estate is "location, location, location".

I live in Calif and have a 2900 sq ft, 4 BR 2 bath house on 2.25 acres that is currently valued at around $990,000 (it was valued at about $1.5 million before values fell a few years ago). If my house was in Mich (where Life lives) it would probably be valued at around $250,000 or so. If it was in the southern US, it would probably be valued even less. If my house was 30 miles north of here, in the same county, it would probably double in value.

Why is my house worth more here than if it was in Mich or somewhere else? Calif is generally considered a more desirable place to live than other places due to weather, available employment and higher salaries. My home's close proximity to the silicon valley (home to Apple, Intel, AMD, Google, Oracle, etc...) also helps to boost it's value.
I can hardly imagine what this house would be worth in calif...
Life is offline   Reply With Quote
Old 01-27-2014, 01:39 PM   #8
Fully Optimized
 
strollin's Avatar
 
Join Date: Mar 2011
Location: USA
Posts: 1,944
Default Re: Property Market

Life - I hope your house is not close to Detroit as I understand that property values there are practically non-existent. A buddy of mine's parents had a house in a suburb of Detroit. After they passed away, my buddy couldn't rent or sell the house so finally just let it go for taxes.

If your house was in the central valley or the northeastern part of Calif, it would probably be worth about what it is in Mich but if it was located in certain cities around the silicon valley it might be worth millions.
strollin is offline   Reply With Quote
Old 01-27-2014, 02:05 PM   #9
Fully Optimized
 
strollin's Avatar
 
Join Date: Mar 2011
Location: USA
Posts: 1,944
Default Re: Property Market

Quote:
Originally Posted by Life View Post
... Here, the mortage would be about: You borrow 200k from the bank. And pay about ( I think $200 month? ) until the whole house is payed off. Plus about 1.3% of what the bank lent to you. So around 220k after everything. Which is still rather cheap. I don't understand why your houses cost so much lol.
Actually, mortgages work very differently than what is described above. If you were to borrow $200K from the bank you would typically have a 30 yr mortgage with an interest rate of about 4.5%. The payment would be $1013 per month and the total amount paid to the bank after 30 years would be about $365,000.
strollin is offline   Reply With Quote
Old 01-27-2014, 04:23 PM   #10
xxcobraxx
 
Join Date: Oct 2004
Location: England
Posts: 6,224
Default Re: Property Market

Id like to move to USA but I can't because we need something and we're only allowed their for upto 6 months I think.

Our houses cost this because people borrow from banks and can't afford to pay back, banks run out of money to lend and mortgages go sky high because of this.

Our house is valued at 300,000 and I think my dads has paid the mortgage off so if he had to sell it, it would be quite hard to sell because of our main problems in the uk.
__________________

__________________
Liveleaker
IAntDemo is offline   Reply With Quote
Reply

« pmsl | Funny isnt ? »
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -5. The time now is 05:07 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0