I just watched two episodes of House Hunters and while we all too painfully know how crazy expensive it is to live in our area these episodes were startling.
House 1.
-Somewhere in Missouri.
-3,700 Sq. Ft. and Uh-Mazing!!!! Solid lot size and high end everything
-Price = $265,000
House 2.
-San Mateo
- 1,400 Sq. Ft. and also Uh-Mazing! Townhouse, brand new, total high end and gorgeous. Couple got a killer deal at $60K + off asking.
-Amount put down = $ 235,600
So just to sum that up, the couple in San Mateo put down only 30K less than the Missouri couple paid for their entire house, which of course was 3 times the size. Holy Crap!
Re: Watching House Hunters is soooo interesting
Ha! We lived that. back in 2001 we wanted a house and freaked the heck out at prices, packed up and moved to the greater Austin Texas area. We got a 3200 sqft house with 4 bedrooms 3/5 baths, two stories, two living areas, huge open kitchen formal dining room, front office etc for 300k. It totally felt FREE compared to the tiny 1100 sqft 2 bedroom we BID 625k on out here.
We NEVER hoped to be outbid and loose something more than we did that night.
Now we're back here and still shaking our head at the prices of homes.
Married August 22, 2009-TTC #1 since 1/11
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i've tried to watch house hunters a few times but i get too stabby over 1- how cheap real estate is elsewhere ie a downpayment in CA could pay for my sister's house in FULL in MI 2- the sometimes lack of a dp or the hand wringing that goes on to squeeze said dp from parents, grandparents, etc. and 3- how young some of these people are buying.
Yeah, I don't know how you folks that moved from TX managed to pull yourself out here. Now I've never lived in TX and my one girlfriend who did said she'd "rather live in a studio apartment in Willits than live in Texas anymore" and her DH is a surgeon so they had an amazing home (and willits is on the way to Fort Bragg, but it's right inland with no economy, save for weed and meth).
I was looking at Real Estate on CL two nights ago and it's was crazy, I looked at Fairfield, Walnut Creek, San Jose and Morgan Hill. The difference between WC and Fairfield was about 400K which seemed insane, such a think WC is way nicer, easier commute ect but really 400K nicer? That I'm not sure about. And looking at Morgan Hill, while still more expensive than living in Chico was gorgeous, huge lots, and for the bay area, totally reasonable prices.
J, Morgan Hill has virtually no economy whatsoever (barely even enough retail for high schoolers!). It is "reasonable" because it's a bedroom community for the silicon valley and that means a commute on 101. My mom used to live there and commute to our house in SJ to watch C and it was a 40 minute commute to our burb-like location near downtown. If you actually had to go to a tech company it would be at least an hour from north MH to north SJ.
When my g'ma died, her heirs sold her house. She and g'pa bought it new in barely there MH in the late 50's. It was 5 bedrooms, two baths on a lot and a half. Needed serious updates and upgrades but was a solid house on a big corner lot. It sold for under 500K two years ago.
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