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The comparison is 2million in Palo Alto for an attached townhouse ~2200sqft. You might be able to get an 800k house in a bad neighborhood (east palo alto) that
by fossuser 10y ago
The comparison is 2million in Palo Alto for an attached townhouse ~2200sqft. You might be able to get an 800k house in a bad neighborhood (east palo alto) that's 1100 sqft.
Friend in Buffalo is buying a house for 120k, difference is extreme.
- leesalminen 10y ago> Friend in Buffalo is buying a house for 120k, difference is extreme. Buffalo is an extreme example, both nationally and inside Buffalo itself. The most expensive single family homes in the city are ~$1.5MM [0]. These are mansions built in the early 1900s right on a beautiful park. Alternatively, you can buy an almost condemned house in a bad neighborhood for ~$5,000 [1]. People actually live in those places. [0] http://www.zillow.com/homedetails/82-Meadow-Rd-Buffalo-NY-14216/ http://www.zillow.com/homedetails/82-Meadow-Rd-Buffalo-NY-14... [1] http://www.realtor.com/realestateandhomes-detail/647-Norfolk-Ave_Buffalo_NY_14215_M46166-25420?row=4 http://www.realtor.com/realestateandhomes-detail/647-Norfolk...
- Spooky23 10y agoBuffalo is a rust belt place that has been in the wane for decades. A decade ago, they were razing 50 houses a month.
- shostack 10y agoAnd I'll bet the average salary and job prospects in Buffalo are reflective of the low house prices.