NationStates Jolt Archive

do you have some info about the Housing Market in your Country or.. other countries:

1# How much it cost to buy a 2 bedroom House in the City (how far from Downtown).
2# How much it cost to buy a 2 bedroom Apt. in the City.
3# How much it cost to buy a 2 bedroom House in the small towns.
4# How much it cost to rent a 2 bedroom House in the City (how far from Downtown).
5# How much it cost to rent a 2 bedroom Apt. in the City.
6# How much it cost to rent a 2 bedroom House in the small towns.

of course it would help if you give us an aprox. idea of the locations.

I f you are wondering.. why the questions.
Just curious..
.. I was reading this post.. and this reminded me of -my EU friends- commenting about how some US/Canadian Cities being a bargain for Housing pricing.You know that's only a tiny part of the truth. House prices have soared in France too, and our internal debt is still much lower, while house prices didn't soar in USA, and their internal debt is even higher than in UK.

... those who don't *buy* but *rent* their homes.

..the hugh price of housing...

..Germany.. the situation of Denmark...

It also depends on the square footage of the house, the size of the lot (if any), the age of the home, and the neighborhood.

Distance from downtown is not a viable criteria. For example, if you're close to downtown DC, and in the Northwest quadrant, it's more expensive.

But if you're in the Southeast quadrant, you're living in a combat zone, where it's lethal to go outside after dark, and the property values are so low, you can pick up property (albeit aged, probably ruined, and filthy) for a song.

There are also corridors of DC (13th street NE) which were burned out by their own residents during the riots of the late 1960s. They have partially recovered, but there are still some homes that are STILL sitting there burned out.

Additionally, income in our area tends to match the available housing. We make a lot more money here, because it costs a lot to live here (unless of course you're willing to live in a combat zone).

Well, in the UK house price inflation runs at 5-6x the rate of CPI inflation, and has been for a while, so it's getting difficult for first time buyers, especially in the south-east (which is expensive anyway) and in the south-west, where entire villages are taken up for second homes.

Unfortunately, even that level of complexity wouldn't allow for a proper description of American housing prices, because not only do prices vary by relation to population centers, but also by region.

An identical home in LA will cost far more than an identical home in, say, Columbus.

Well, I can only speak for small towns in Michigan, but here ya go. Of course, most US states are too large to generalize about prices, much less the US as a whole. I'm using my hometown (http://en.wikipedia.org/wiki/Mount_Pleasant%2C_Michigan) as the example, but I think it's pretty indicative of the prices in the smaller towns of Michigan.

Most 2 bedrooms (after a cursory search) of livable quality are about $85-90,000. This is largely due to the fact that people are fleeing Michigan (as unemployment is rather high here) for other states.

Most 2 bedroom apartments I found are roughly between $400-$500/month depending on whether or not utilities are included.

As for where I live in France (Angers), the average 1 bedroom seems to run about 275 Euros a month, although I don't know if utilities are included. I pay 250 Euros a month with utilities included, but I live in a big house with 7 other students and an old French lady.

Is >> the new ##?

The average house price in Northern Ireland is £200k+ ($400k+)

Last year, the average house price in a satellite town of Belfast rose by £65,000, and the average house in Belfast increased in value by 40%, to £184.6k (c. $370k).

In fact, the top 10 towns/cities in the UK with the largest price rises were all in Northern Ireland (source (http://news.bbc.co.uk/1/hi/northern_ireland/6583393.stm))

I can tell you a little about the neighborhoods north and east of Washington DC in Maryland, specifically Prince George's county.

3# How much it cost to buy a 2 bedroom House in the small towns.

About 250-300k depending upon the neighborhood and condition. It is possible to find such a house for less, but it would be a fixer-upper and probably not much less than 200k.


5# How much it cost to rent a 2 bedroom Apt. in the small towns.

About 1100 to 1500/mo generally not including utilities.

6# How much it cost to rent a 2 bedroom House in the small towns.
Generally 2500 or more per month, unless the owner has had the property a long time and can afford to lower the rent. Remember that rental prices must be enough to cover any existing mortgage payments on the house plus some reasonable profit margin. If the owner is paying a $2300/mo mortgage then the rent will probably be somewhere between $2500 and $3000 depending on other factors like the amount of maintanence the house requires, taxes, insurance and sometimes utilities.

The average house price in Perth is apparently half a mil now, most stupidly expensive city in Australia.

I'm going to be ignorant and act like I read the OP.

You can buy a house in my village for an average of 90k, but if you got to the shit town next door, you can buy a row home for 13k. To rent in this county, it's around $450 per month.

Now, if you want to talk about Philly.. Get your checkbook ready.

I can tell you a little about the neighborhoods north and east of Washington DC in Maryland, specifically Prince George's county.

3# How much it cost to buy a 2 bedroom House in the small towns.

About 250-300k depending upon the neighborhood and condition. It is possible to find such a house for less, but it would be a fixer-upper and probably not much less than 200k.


5# How much it cost to rent a 2 bedroom Apt. in the small towns.

About 1100 to 1500/mo generally not including utilities.

6# How much it cost to rent a 2 bedroom House in the small towns.
Generally 2500 or more per month, unless the owner has had the property a long time and can afford to lower the rent. Remember that rental prices must be enough to cover any existing mortgage payments on the house plus some reasonable profit margin. If the owner is paying a $2300/mo mortgage then the rent will probably be somewhere between $2500 and $3000 depending on other factors like the amount of maintanence the house requires, taxes, insurance and sometimes utilities.

How about the prices in the combat zones closer to Anacostia?

op snip

down where i live (south of spain, costa del sol) house prices have increased around 150% in the last 5/6 years.

Most properties on the market are on sale for 2800/3500€ sqm. Which is why there are currently alot of properties for sale. Properties in towns and such usually sell for around 2300€ a sqm.

My calculation which is pretty dead on is as follows:
Terrace sqm = 1/2 built/intertior sqm.
Land/plot (excluding building) = 1/5 built sqm

I just sold my aparment (signed today) for 225.000€. 80sqm + 14 terrace
So based on my calculations thats at 2586.21€ sqm.
The average selling time in the province can be up to 18 months. Sold mine in 2 weeks.

The only reson I sold was because I'm buying a townhouse.
Its 200 sqm plus another 60 of terrace. I'm buying it for 307.250€
so that's at 1335.87€ sqm.
Its a ganga (bargain)!

if you some more specific or general knowledge just ask

I don't think this will be a fair comparison for you, but here it goes.

I live in New York City, where a favorite topic for casual conversation is to talk about rent and housing costs.

I should say there are 5 boroughs, or countys, of New York City:
Manhattan
Brooklyn
Queens
The Bronx
Staten Island

Manhattan is what is typically thought of as "New York City" when talking to someone not familiar with the area.

Anyway, thats where I'm living now, and I'm actually in the market now looking for a studio apt to share with a friend. We're looking for things within walking distance of Greenwich Village, and the prices for a studio around there tend to range from 1700-2100 a month. so thats approx 850-1050 for each of us.

Right now I'm living on Union Square and its costing me about 1150 myself to share a studio with a roommate.

Studios tend to be sort of cheaper per person then bedrooms. I was originally looking at 4 bedroom apts in the area for about 4200-4800 total.

Of course, if you're willing to be an hour or more commute from Manhattan, you can live in a ghetto in Brooklyn (Brooklyn is also home to some of the nicest neighborhoods) like East Flatbush where you can get one bedroom out of a 5 bedroom apartment for 500 dollars. Although that's last summer's price, so it has probably gone up since then. You could live in a working class neighborhood of Brooklyn like Bushwick for 625 for one bedroom out of a 2 bedroom apt. Other neighborhoods you could probably find about 650-800 per room could be Park Slope or Sunset Park. Rooms tend to be a little cheaper when they belong to apartments with more rooms. So for instance if you wanted a 1 BR in Manhattan you're looking at an easy 1800, where like I said before you could find a 4 BR for 4500.

In conclusion, there are also the crazy rich places you could live where you could spend as much as you want. Try Craigslisting New York City, its not uncommon to see 5000 for a studio or something crazy like that. Of course all the figures I mentioned here are more like what sane people would be looking at.

Oh yeah, and if you're talking about the US in general, I'm sure you could find places really cheap. Just for kicks I went to south dakota's Craigslist and saw a house for like 400 a month. On a vast generalization, housing tends to cost more on the coasts (civilization) and is particularly expensive in the North East and California.

When i was in college my roommates and I collectivley payed about $2,000 a month for a 2 bedroom apartment.

I currently live in a trailor court... I pay about $98 a month for rent plus bills.

I can buy a house in the nearest town for as low as $80,000 and as high as almost $750,000

All apartments are for rent, the average price is around $200

You can rent some houses for approximatly twice as much as an apartment.

on the coasts (civilization)

:rolleyes:

Far, far too much in every single case.

<< as in the bitshift operator? Or meaning "much less than"?

<< as in the bitshift operator? Or meaning "much less than"?

did anyone else read this a bitchfist?

I just finished being a student, and many of my friends are still at that, so I am most familiar with the apartment market here in Ottawa (Canada). A two bedroom pad downtown would run between $950-$1275ish (Canadian Dollars, which are trading remarkably close to parity with the USD currently). I have a cozy bachelor apartment which costs me just under $650/month (If you are really bored, you can view my spot at my old video tour here (http://www.youtube.com/watch?v=YXxC29GS5U0)).
The houses near my place are closer to half a million dollars, and waay less than that outside of the downtown core. The condos nearby that I have been casually investigating start at $250000 (Which is how much my parent's house in a distant city costs).
Naturally, if you want to spend some outrageous amount on a place, that is easy to do.

:rolleyes:

:D you know its true!

do you have some info about the Housing Market in your Country or.. other countries:

1# How much it cost to buy a 2 bedroom House in the City (how far from Downtown).
2# How much it cost to buy a 2 bedroom Apt. in the City.
3# How much it cost to buy a 2 bedroom House in the small towns.
4# How much it cost to rent a 2 bedroom House in the City (how far from Downtown).
5# How much it cost to rent a 2 bedroom Apt. in the City.
6# How much it cost to rent a 2 bedroom House in the small towns.

of course it would help if you give us an aprox. idea of the locations.

I f you are wondering.. why the questions.
Just curious..
.. I was reading this post.. and this reminded me of -my EU friends- commenting about how some US/Canadian Cities being a bargain for Housing pricing.

1. essh...you dont want a house downtown. But if you did you could get 2 bedroom for betwen 25,000 and 35,000 Dollars(not pounds) all day long.
Honestly I would not be surprised if you couldnt find quite a few under 15 and some under 10.

2. No clue. i never looked into it but that more then likely be more as it would often be in a secure building.

3. Well I will go wiht suburbs and this varies greatly with in the metro area.
I lived on a block where 5 bedroom homes sold for 50,000 to 80,000 dollars.
But two blocks over in a Different city...just two blocks past an imagenary line the homes sold for 300,000 dollars and UP. The burb I live in homes sell for 115-130,000 dollars.

4. rent a 2 in the city, bah 300 dollars maybe 400.

5. 275$ to perhaps 500 depending on the building.

6. I live in a three bedroom I pay 800 dollars a month,but i rent from a friend of my familes. realistically in this are a you would get 650 to 700 dollars a month for two bedrooms---easy.

I live in metro Detroit area.
Detroit, MI.

Good luck finding a job.

did anyone else read this a bitchfist?

I got "batshit" myself.

Anywho, my apartment, a nice 2-bedroom two-story with a working kitchen, washer-dryer combo, A/C and heat, costs $550 a month. They keep telling me that they want me to pay for my water as well, but they never bother to send me a bill. Morons. Utilities run around $100-$120 a month, and that's the electric bill - and nothing more. I have no gas bill.

I am looking at buying a condo, and the condo is dirt cheap by most standards - the asking price is $74,900. If I pay a dime over $72,000 for it, I will be shocked. It's a three-bedroom unit that isn't flashy but definitely gets the job done, has an attached garage (for one car, and passengers have to get out before pulling in, but it gets the job done most of the time) and is in a half-decent neighborhood. According to the mortgage company we're working with, our monthly payment for everything (mortgage payment, taxes, PMI, and whatever else) will work out to about $700 a month. Not unreasonable by any standard, but my wife and I are definitely at the low end of what one would call "able to own a home."

The big property news today in London is the 1 bed flat for £3,050,000. It doesn't even look that nice, tbh, although the floor area is pretty big for a flat.

It is either obscenely overpriced or super cheap – depending on who you are.
Better or trendier places are bid up by overpaid single people working for government contractors milking the government (thus have high disposable incomes) but you still have huge areas of poverty where almost everyone is section 8 (housing assistance – pay $300 for a big apartment).

DC is a funny place where certain neighborhoods are still expensive because they are close to downtown despite being full of impoverished people. They get government assistance housing so a bunch of unemployed druggies can live there, but you are still going to pay $1400 for a one bedroom next door to the crack house. Yay ‘gentrification’!
Can’t even resort to the ghetto for a cheap way to live downtown.

Only really cheap place to live would be in Southeast – but being a white boy I would have a life expectancy measured in minutes.

Of course, even in the rest of the city the difference between a slum and an affluent area is only about 4 blocks anyway.

Is >> the new ##?No,its just .. an experiment.

:D you know its true!

It's a silly, silly statement, and it's one I hear far too often. I go to a university in France with a bunch of kids from all over the world, and some of these people honestly believe there is absolutely nothing between NYC and LA.

For Japan, it depends on too many factors (What the makeup of the house is, western style or Japanese, age and so on).

On average for my little town, a two room apartment (2LDK) would run you about 50,000 a month, not inlcuding utilities. A house is harder to find given Japanese notions about that, but you can get older houses that run 2LDK for about the same.

In Tokyo now, that same 2LDK could be well over 200,000 a month depending on where it is (Inside the Yamanote Line, how new, and so on) and just forget about a house.

I'm going to be ignorant and act like I read the OP.

You can buy a house in my village for an average of 90k, but if you got to the shit town next door, you can buy a row home for 13k. To rent in this county, it's around $450 per month.

Now, if you want to talk about Philly.. Get your checkbook ready.

you're kidding right? that's US dollars?
90k is about 45,000 pounds
13k is 6,500 pounds! :eek:


we live in a fairly normal 4 bedroom detached house in the nice part of the city. houses on this street have recently sold for half a million quid (996,000 USD)
and this city is a good few percentage points lower than the rest of the county/region as its quite an industrial town. we paid £180,000 for it 10 years ago, to give you an idea of inflation

house prices in neighbouring Winchester are approximately the same as in London... you'd be looking for at least £750,000 ($1,495,000) for our house over there.

ok, so the house types may differ but still the price differential is staggering



this is why i've given up the idea of saving to get on the housing ladder early and just rent for the next few years. i hate the idea of shovelling my money to someone else when i could be paying a comparible amount for a mortgage, but i can't really do much else.

you're kidding right? that's US dollars?
90k is about 45,000 pounds
13k is 6,500 pounds! :eek:

Yes, but they're generally places you really don't want to live. Such as these houses all under 10,000 USD (http://yahoo.idx.prudentialselectmi.com/results.aspx?=&VIP=Yahoo!%20IDX&cc=realestate&fclose=n&newhome=n&za=and&searchgeo=Detroit,%20MI&searchtype=2&propertytype=1,2&sort=5&sortacdc=desc&firstrecord=90&searchminprice=0&searchmaxprice=10000) but they're all in Detroit, where you don't want to live.

1# How much it cost to buy a 2 bedroom House in the City (how far from Downtown). New: 450 000-500 000, old 300 000-400 000€
2# How much it cost to buy a 2 bedroom Apt. in the City. from 300 000 to 1 500 000€ (downtown)
3# How much it cost to buy a 2 bedroom House in the small towns. Around 200 000€
4# How much it cost to rent a 2 bedroom House in the City (how far from Downtown). No idea
5# How much it cost to rent a 2 bedroom Apt. in the City. I paid 350€ for 50m2 (and 120€ for 17m2) in downtown -hmm- 6 years ago.
6# How much it cost to rent a 2 bedroom House in the small towns. No idea. I've never met anyone who's rented a house.

I've just moved from a small apartment to our new big and beautiful house we've built. We tried to buy one, but the prices were so high that we decided to build a new one. It's not a cheaper solution but at least we got exactly what we wanted. Building a house costs in average 1 500€/m2.

There aren't many 2 bedroom houses available in this country. 3 is the "norm".

Yes, but they're generally places you really don't want to live. Such as these houses all under 10,000 USD (http://yahoo.idx.prudentialselectmi.com/results.aspx?=&VIP=Yahoo!%20IDX&cc=realestate&fclose=n&newhome=n&za=and&searchgeo=Detroit,%20MI&searchtype=2&propertytype=1,2&sort=5&sortacdc=desc&firstrecord=90&searchminprice=0&searchmaxprice=10000) but they're all in Detroit, where you don't want to live.330 Melbourne Street, Detroit, MI 48202
$9,900
Listing provided courtesy of Re/Max Properties, Inc
Beds: 4 | Bath: 1 | Sq Ft: 1,800
Price Per Square Foot: $5
List Date: Apr 21, 2007

$5/square foot !
now all we need to figure is.. $/square meter

but something tells me is not going to be expensive at all.

It's a silly, silly statement, and it's one I hear far too often. I go to a university in France with a bunch of kids from all over the world, and some of these people honestly believe there is absolutely nothing between NYC and LA.

.........What's in LA?
</eastcoast-westcoast-rivalry>

Coincidentally, there was recently a CBC article about renting (http://www.cbc.ca/consumer/story/2007/06/06/cmhc-rent.html). I find that odd, since around here the rental market has dipped as many students have headed home to their parents for the Summer, trying to sublet or simply abandonning their apartments for the Summer.

I'm sure it's just a coincidence, [not] but the most expensive housing markets in the United States are San Francisco and New York City. Both suffer from rent control policies.

What does that tell us?

I'm sure it's just a coincidence, [not] but the most expensive housing markets in the United States are San Francisco and New York City. Both suffer from rent control policies.

What does that tell us?

Both cities need more housing! Supply and demand, after all

Both cities need more housing! Supply and demand, after all
Wrong answer. We learn that price controls cause artificial shortages. Thus available housing becomes unaffordable.

Wrong answer. We learn that price controls cause artificial shortages. Thus available housing becomes unaffordable.

Lack of housing causes shortages. If there was more housing market forces could allow for affordable housing. However affordable housing, whether artificial or not, is a city-neccessity, because the working class city members need a place to live too.