dave-r wrote:airfuelEddie wrote:Man thats 10k more than my modest home,
You can get a house for $40K ?
A "modest" home here would cost you at least $150,000. No land with that either.
A small semi-detatched home like mine with a little garden will cost you around $400,000 depending on the area.
No wonder you guys can afford so many cars.
OMG! That sucks/blows Dave! Tyne&Wear must be a resort area like Californicate!
Seriously, I bought my home in 1988 for $40,000 with 1 acre of land. It's built like shit but I have had to build a huge garage /shop enough to house 3 cars/my work area too. These 'modest' homes dont raise that much in value however, today my home is worth maybe 60-65k even with all the additions/improvements. Is all of England that expensive Dave? Are there other areas where housing is say as cheap as it is over here? I couldnt imagine paying 450k. I have paid my home off 2 times. I keep getting new mortgages to buy my 'toys', lol.
If you wanted to live in the city of Terre Haute, you can buy modest/small homes with 2 baths and 3 bedrooms about 1000-1500 ft. of living space for as low as 20-30k all day every day. These are older homes that are decent but need a bit of work. There are also homes here that cost 3 million! The most expensive home in Terre Haute is a Heart Surgeon's home. It was built a few years ago fo a cost of 7 million. He lost it in the flood a couple weeks ago! But the average home here is about 40-60k. The least expensive place to live here in the states is the midwest. I only pay 450 a year in property tax.(I get 20% off for my disability), mental,lol!