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Old 03-04-2008, 11:11 AM   · #1
kev
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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?


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Old 03-04-2008, 12:09 PM   · #2
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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.
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Old 03-04-2008, 12:16 PM   · #3
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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.
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Old 03-05-2008, 08:14 AM   · #4
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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.
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Old 03-06-2008, 12:45 AM   · #5
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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!
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Old 03-06-2008, 09:59 AM   · #6
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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.
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Old 05-20-2008, 04:22 AM   · #7
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well in my country its lil bt expensive well if its in dollars then

2000sqft requires 10,000 $

and thats really out of reach
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Old 05-20-2008, 04:25 AM   · #8
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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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