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American homes are cheap; but the bears are delusional
Topic Started: 9 Oct 2013, 11:29 AM (2,719 Views)
themoops
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There's also NY suburbia. Like Lynbrook, where the show Everybody Loves Raymond was set. It's an hour from the city in peak hour. I suppose Yonkers is similar.

http://www.trulia.com/property/3133268472-19-Overhill-Pl-Yonkers-NY-10704

That would be at least $700k in suburbs in Sydney that are an hour from the city in peak hour, and the Sydney version would be a lot smaller too.

Obviously that's the main beef bears have with Australian property. Who gives a shit if the city areas cost the earth, it's every day property in suburbia costing so much that makes it all so evil and criminal.

People generally feel that the city is there mainly for business, and for the rich and so on to muck around with to create, well, business, and hopefully culture as well. But don't fuck with the suburbs. But you have fucked with the suburbs, and now we want you dead. :D
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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mel
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moops i tend to use time rather than distance from the CBD for practical purposes also.

we are in a nice spot most people would call bumfuck yet it takes my partner less time to get to her cbd work than her co workers even though they would have to pay at least 3 times as much for a piece of dirt and are surrounded by ferals :lol

i suspect the US has some great value locations and (importantly) we would have the benefit of not having any bias if we chose to buy something there.




APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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barns
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themoops
10 Oct 2013, 11:02 PM
There's also NY suburbia. Like Lynbrook, where the show Everybody Loves Raymond was set. It's an hour from the city in peak hour. I suppose Yonkers is similar.

http://www.trulia.com/property/3133268472-19-Overhill-Pl-Yonkers-NY-10704

That would be at least $700k in suburbs in Sydney that are an hour from the city in peak hour, and the Sydney version would be a lot smaller too.

Obviously that's the main beef bears have with Australian property. Who gives a shit if the city areas cost the earth, it's every day property in suburbia costing so much that makes it all so evil and criminal.

People generally feel that the city is there mainly for business, and for the rich and so on to muck around with to create, well, business, and hopefully culture as well. But don't fuck with the suburbs. But you have fucked with the suburbs, and now we want you dead. :D
I agree with this. I can see why inner city/harbourside/beachside areas are expensive but there are lots of crappy nondescript areas that are expensive as well. To me the differential isn't large enough.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
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Sydneyite
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Here's an interesting article - talks about the median NYC/Manhattan apartment price being US$865k, and shows you a couple of examples of what you get for that (eg, a 1 bed/1 bath on the upper east side, or a small (500-600 sq/ft) 2 bedder in other areas): http://ny.curbed.com/archives/2013/09/23/what_an_865000_manhattan_apartment_looks_like.php

Edited by Sydneyite, 11 Oct 2013, 03:36 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Massive
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Suburban homes in major cities in US are REALLY cheap comparitive to Australia ... no doubt...


say for example... want 4 -5 beds in chicago and have 400k? no worries !
http://www.trulia.com/for_sale/Chicago,IL/4p_beds/2p_baths/0-500000_price/3000p_sqft/resale,new_homes_lt/
Boston
http://www.trulia.com/MA/Boston/
san francisco
http://www.trulia.com/for_sale/San_Francisco,CA/3p_beds/0-500000_price/2_p
washington DC
http://www.trulia.com/for_sale/Washington,DC/3p_beds/0-500000_price/
Seattle
http://www.trulia.com/for_sale/Seattle,WA/3p_beds/0-500000_price/


500k will get you a huge home - 5 beds , 3 bath
http://www.trulia.com/property/1038615493-6741-S-Bennett-Ave-Chicago-IL-60649


Many Chinese associates of mine are buying around US as they can't believe the value... My wife is trying to convince me to do the same -though im too unfamiliar with the market to make a move right now.

can't imply they don't have more options over there for their FHB / starter families

edit: just for fun - compare for perth greater region
http://www.realestate.com.au/buy/with-3-bedrooms-between-0-500000-in-perth+-+greater+region%2c+wa/list-3
Edited by Massive, 11 Oct 2013, 04:24 PM.
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