03-04-2008, 11:11 AM
· #1 Senior Member
Name: Kev
Location: Dundee, Scotland
Join Date: Feb 2006
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Crazy Property Prices
I was reading the Daily Record today and there was a story about an Edinburgh flat, with an area of just 150 sq ft, being put on the market for £80,000 ($160,000)! Ive been looking at buying a flat where I live and the prices are completely unafforable
http://www.dailyrecord.co.uk/news/e...86908-20339560/
there's no picture on the site but there was a picture in the paper showing how the owner couldn't outstretch his arms, with the flat being so narrow!
what are property prices like where you live?
03-04-2008, 12:09 PM
· #2 NamePros Regular
Location: Tucson, AZ
Join Date: Jul 2005
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Not too bad here...when I bought my house it cost about $200k for ~1600 sq. ft. in the nicer neighborhoods in town.
03-04-2008, 12:16 PM
· #3 BrandonZ.com
Name: Brandon
Location: Desolation Snd, B.C.
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Glad I bought in where I live a few years ago... house I bought on the water (5 years ago paid 300K) now got my assessment this year at over 720k. Ridiculous.. just means more property tax
But for a first time buyer it is becoming harder and harder to get established anywhere.
03-05-2008, 08:14 AM
· #4 NamePros Regular
Location: Tucson, AZ
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Originally Posted by QIZD Glad I bought in where I live a few years ago... house I bought on the water (5 years ago paid 300K) now got my assessment this year at over 720k. Ridiculous.. just means more property tax
But for a first time buyer it is becoming harder and harder to get established anywhere.
Don't forget the assraping you're gonna get in capital gains taxes when you finally sell it.
03-06-2008, 12:45 AM
· #5 NamePros Legend
Name: Domainer.tv
Location: Domainer.tv
Join Date: Jan 2007
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Originally Posted by kev there's no picture on the site but there was a picture in the paper showing how the owner couldn't outstretch his arms, with the flat being so narrow!
That's shocking. Where I live, the smallest unit get council approval is just under 50sqm. Not sure how much 150sqft is but is sounds really tiny!
03-06-2008, 09:59 AM
· #6 Name: Retired©
Location: NH
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Originally Posted by monaco Don't forget the assraping you're gonna get in capital gains taxes when you finally sell it.
That's
not how it works, for a
primary residence (with certain, normal and typically attainable conditions) ... here in the U.S.
-Jeff
__________________
Be cool. Be polite. Be professional.™ Tick. Tock. | "dot Mobey" R.I.P.
05-20-2008, 04:22 AM
· #7 NamePros Regular
well in my country its lil bt expensive well if its in dollars then
2000sqft requires 10,000 $
and thats really out of reach
05-20-2008, 04:25 AM
· #8 www.1weblord.com
Name: William R. Nabaza - williamrnabaza.com
Location: Philippines - www.Nabaza.com
Join Date: Dec 2005
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we don't use sq. ft here but sq.m ours is 66sqm for U.S.$4,950 that's lot only
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