Crazy Property Prices

[kev]

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 :td:

http://www.dailyrecord.co.uk/news/e...x-edinburgh-flat-to-fetch-80k-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?

 

[monaco]

Not too bad here...when I bought my house it cost about $200k for ~1600 sq. ft. in the nicer neighborhoods in town.

 

[Deaol]

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 :td:

But for a first time buyer it is becoming harder and harder to get established anywhere.

 

[monaco]

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 :td:

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.

 

[htmlindex]

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!

 

[Jeff]

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. :gl: :imho:
-Jeff

 

[orkut magic]

well in my country its lil bt expensive well if its in dollars then

2000sqft requires 10,000 $

and thats really out of reach

 

[weblord]

we don't use sq. ft here but sq.m ours is 66sqm for U.S.$4,950 that's lot only