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I suspect Denver isn't one of those places tho. In which city as major/prosperous as Denver can you buy a 3BR house for less than $180k?
by ido 10y ago
I suspect Denver isn't one of those places tho. In which city as major/prosperous as Denver can you buy a 3BR house for less than $180k?
- maxerickson 10y agoThat's what I mean by regional peculiarity. Housing is especially expensive in Denver, and likely even more so near public transport. I'm sure the building boom going on there has some impact on all construction costs. Before I posted I did a sanity check. You can buy a decent new house in the Orlando area for $120,000. That's with a lot and so on. A better study would examine the cost of housing across a variety of job markets, not pick 1 and make units with high proximity to mass transit the only units they talk about.
- ido 10y agoWow, I had no idea Orlando was that cheap (I'm not American and most of my American friends/colleagues are from much more expensive cities). In Berlin you generally can't buy a 3BR anything (house, condo, whatever) for less than $400k (aside from terrible/out-of-reach neighborhoods), and even that would be on the cheap-side.
- maxerickson 10y ago$120,000 might be too low a number. $150,000 is certainly defensible. (You can jump the reply restriction by clicking on the comment timestamp; The delay in showing the reply link is there to provide some friction when threads are going too fast.)