Same thing in Mexico (up north). If you want to live in a nice area, 500k is not going to get you much. Decent homes start at 750k (if you are lucky) and 1 mil is pretty much what you need for a large home (1000+ sq meters land).
Course you could live out in the sticks, which some people do and it costs you half. One day eventually you'll have the typical shopping centers nearby, but schools, friends and family is where you'll be sacrificing for sure.
For $500k you can get a 650 sq foot 1 bedroom apt. You'd still have to pay around $1,300 per month in maintenance and taxes even after you've paid off the mortgage.
Damn. you can rent an apartment that size for half those fees.
Originally posted by Pornwolf
For $500k you can get a 650 sq foot 1 bedroom apt. You'd still have to pay around $1,300 per month in maintenance and taxes even after you've paid off the mortgage.
considering we live in a 2200sq ft, 3 bedroom 2.5 bath house with a 2 car garage on a .5 acre lot, and this house is going for $163k....I would say that $500k in my neighborhood would buy a fucking huge place
I would settle for a smaller place on a lot of land though
considering we live in a 2200sq ft, 3 bedroom 2.5 bath house with a 2 car garage on a .5 acre lot, and this house is going for $163k....I would say that $500k in my neighborhood would buy a fucking huge place
I would settle for a smaller place on a lot of land though
In michigan you can get quite a bit for $500K. You can live in a nice area and probably 3K sqft house for $500K. Some places are much more, but in general I find prices very reasonable.
my house is for sale for 469,000. It is 5350sqft (including fully finished basement with full bath) I live 50 minutes west of chicago. I paid 409,000 for a condo in chicago that was 1800 sqft but equally as nice.
for 500k here, you could build 20 apartments and rent them out for 500/mo each
You sure about these numbers? that's like a Gross Rent Multipler of 4.2 which is better than great. In my city, appartments sell at 10 time the annual rent.
You sure about these numbers? that's like a Gross Rent Multipler of 4.2 which is better than great. In my city, appartments sell at 10 time the annual rent.
well its a guestimate. friend just bought an older place, in not the greatest area... $145k for 5 units 2/1 all renting at $375. was just trying to stress the fact that where i am u can live like a king if you had 500k to spend on a house.
Estimate of home value of owner-occupied houses
Less than $10,000: 82
$10,000 to $14,999: 80
$15,000 to $19,999: 118
$20,000 to $24,999: 159
$25,000 to $29,999: 254
$30,000 to $34,999: 425
$35,000 to $39,999: 522
$40,000 to $49,999: 1476
$50,000 to $59,999: 1445
$60,000 to $69,999: 1374
$70,000 to $79,999: 1271
$80,000 to $89,999: 1102
$90,000 to $99,999: 893
$100,000 to $124,999: 972
$125,000 to $149,999: 718
$150,000 to $174,999: 486
$175,000 to $199,999: 296
$200,000 to $249,999: 262
$250,000 to $299,999: 133
$300,000 to $399,999: 111
$400,000 to $499,999: 0
$500,000 to $749,999: 5
$750,000 to $999,999: 0
$1,000,000 or more: 8
Parking is hell and it's a ghost town at night, and you don't get much these day in Old Montreal for $500K.
let me show you some baller stuff downtown man
this isnt my style but here
montreal.craigslist .org /rfs/206722265
heres my style
montreal.craigslist. org /rfs/206304099
montreal.craigslist. org /rfs/205035789
i know 2 people that lives on nuns island and alex (im asuming thats your name)
thats where you want to be
you see ferraries every day.. lambo's on 22's m5's m6's i can go on
montreal.craigslist. org /rfs/192519390
montreal.craigslist. org /rfs/204665994
montreal.craigslist. org /rfs/198263909
montreal.craigslist. org /rfs/192513965
i can keep on going man
nuns island is the baller island of quebec
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Nah man, Nuns Island is not for me. I'm into that suburban lifestyle
Originally posted by tehHinjew
let me show you some baller stuff downtown man
this isnt my style but here
montreal.craigslist .org /rfs/206722265
heres my style
montreal.craigslist. org /rfs/206304099
montreal.craigslist. org /rfs/205035789
i know 2 people that lives on nuns island and alex (im asuming thats your name)
thats where you want to be
you see ferraries every day.. lambo's on 22's m5's m6's i can go on
montreal.craigslist. org /rfs/192519390
montreal.craigslist. org /rfs/204665994
montreal.craigslist. org /rfs/198263909
montreal.craigslist. org /rfs/192513965
i can keep on going man
nuns island is the baller island of quebec
It's crazy where I l ive if you want to live on the water. Most houses here on the ICW are worth about 100-200k. The lots they sit on are worth 800+ K.
I see nice places (in my book) all the time being bought here, buldozed, and then a nice new 1 million dollar house built.
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