I was reading in another thread- starter houses are around $300K in OZ.
Here in Florida there are so many forclosures, nice 2 year old 3bed/2bath/2 car garage houses with land go for $120k. If you are willing to fix up a older house $50k is doable. For the poverty stricken, single wide trailers (big ones, 600 square feet) with land go for as little as 20K.
It's like the V8 muscle car thing, every thing is super cheap over here right now.
Bring cash because the banks aren't lending.
Yep, its the price we pay for small population!!!!
Everything in the USA is cheaper (except health insurance + divorce!!!)
There's a town by Tampa, cape coral, I think where 40% of the houses were in forclosure.Originally Posted by jules_1972
We almost got health care, but with all these countries that need invadin' we can't swing it right now.
You don't want to weaken over here. It's a short trip from middle class to cardboard box.
We heading that way slowly as well.....
Our house prices aren't though. Damn cheap over there...
Hell, I should sell up! I could go buy 5 or 6 houses over in the sates!
Up in Michigan the local Governents will give you a house for free, just start paying taxes on them. The PO walked away, the banks don't want them as they are worthless, so the city takes them for back taxes. These houses are in real bad neighborhoods, and everything of value has been stolen. Still, a free house?
Hmm, projects??
The hard part though is getting an immigration visa. Cheap houses don't matter if you're not allowed to live there.
if you approach them, show that you have $$$and will buy a house AND live in the neighbourhood - they would be crazy not to let you in. In fact, they should be encouraging people like us to do it.
Refugee and Humanitarian Issues: Australia's Response
*Department of Immigration and Citizenship*
There is no offence under Australian law that criminalises the act of arriving in
Australia or the seeking of asylum without a valid visa.
All your neighbours will be American... Fuck that.
could be worse.........
Sent using Tapatalk Nokia Beta version.
Your neighbor could be Roger Explosion
PSB - It doesn't matter how right you are. If you aren't in with the crowd who thinks they are the in crowd because they post a lot, then you are wrong.
You don't want to be my neighbor?
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I'd say their prices are reasonable rather than cheap - we just have ridiculous prices here making us think that that is cheap.
Unfortunately the current housing market is one giant circle jerk. Investors are creating artificially high demand, somewhat blocking people who want to buy a PPOR from purchasing a home, forcing them to rent, rent prices rise -> more interest from investors due to potential capital gains -> capital gains (price rises). It's completely fucked in the head. Completely self fulfilling prophecy that will eventually fall in a heap just like the share market regularly does.
If everyone could afford to buy a house, then house prices wouldn't climb so much (which is beginning to mean that anyone who didn't buy in to the market years ago will never be able to afford to - what happens in 20 years then?).
Given that everyone needs somewhere to live I'd prefer that housing was 'cheap' and people used something else for investment and wealth growing purposes.
Surely if people didn't need to spend a substantial chunk of their income over a very long period of time to purchase (in most cases) the largest single asset a person will ever own, wage demand would be less, inflation would be less, creating a much simpler, healthier economy.
No offense to any property investors - you do what is in your best interests. I'm just bitter that despite having a decent income, high property prices where I live have led to high rent prices making it incredibly difficult to actually buy a first home, let alone make any investments. Don't get me started on property investors who think they are being benevolent by providing properties for others to rent.
And you live in Canberra????
Get a billboard, label it up with your word, stand in front of Peoples Palace!!
25 years ago when I got married we decided we didn't want to pay rent so we manaed without a lot of things (phone, colour TV, trips etc) and saved 30% deposit and bought a place. Interest rates went to 17% and we struggled through that too. That first property went from $37,000 to about $600,000 now, so we invested the equity in a couple of rental properties to add to the superannuation. We did it tough for a while so I don't feel bad or benevolent. Not all investors are ogres.
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Awesome!!
Different valuation nowadays, the past seemed honest valuation.......
Sure glad I bought mine when I did....
Good job you completely missed his point!
Being a slumlord would be cool, I could rule my own little area with an iron fist.
But in reality, my next 2 aims are to be debt free by the end of the year, then spend the next year or 2 saving for a house.
In life you only get one lap, might as well make it a good one.
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