House prices in US

[looqas]

Of course, there is another possibility: it's a typo. Just add a couple of zeros to the end... I don't know what the median house price is in Ann Arbor - 155K seems low, but in the current climate, not impossible.

There're awfully lot of typos then. I checked most of the cities in the list for houses and almost all of them had something in 2000 - 5000 US range.

I agree that I would believe 100k > and upwards is plausible, but there are houses for sale for 20k and upwards that do not look totally like crack dens to me. Of course there are really expensive houses too, but I'm really baffled how a price for a single family house (no matter how dilapidated it seems and some seem to be in ok condition) vary within one city.

To me it seems like it's totally buyers markets over there.

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Flying under radar.

[beander2]

That site may be flawed, too, looqas. Try www.realtor.com

There's almost no way that's possible, even under a foreclosure situation. Possibly government auctions, but as you point out, these hardly seem like dens of crime...

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Sir Alisdair Buchanan, KBE ~ Gateway)Trafalgar

[BaconSoda]

To me it seems like it's totally buyers markets over there.

Yes. Yes it is. Though I can't say I understand the $1,050 price on some of these homes listed, my family has done very well for itself in the past couple of years buying nearby foreclosed homes, fixing them up, and then renting them out. Houses which are normally $75-120k are now going for $35-50k, at least in the Metro-Detroit area, so it's been working out really well for buyers.

Problem is that most people don't have the capital to move (people might look nice and go out to eat, but a lot of the people around here are swimming in debt that they have no idea how to get out of), so despite the buyer's market, there hasn't been all that much going on. There's been news, lately, of local mobs buying foreclosed homes, fixing them, and then selling them for a very meager profit to legitimize their money, but that was really never news.

As a side note, Ann Arbor is almost a ritzy place. If you list the prices from highest to lowest, the first 10 pages are a more accurate representation of what you'll probably get. Also, there are a lot of drugs in Ann Arbor, tell you what...

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[8:32:45 PM] Dusty Lens: Oh no, let me get that. Hello? Oh it's my grandma. She says to be roleplay.
[12:49:19 AM] Elgatodiablo: You know its nice that you have all that proof and all, Bacon... but I just don't believe you.

[Agmen of Eladesor]

I looked through a couple of the other listings on that site.

Those are lease prices, probably with option to buy. Which means that you're not paying $1,150 to PURCHASE this house:

http://realestate.yahoo.com/Michigan/Ann_A...yP7X_l6VShn47Qs

You're paying that to LEASE the house.

Close to UofM, lease for the fall starting 8/29.

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Oh god... The end of days... Agmen agreed with me.

[Xoria]

I looked through a couple of the other listings on that site.
Those are lease prices, probably with option to buy. Which means that you're not paying $1,150 to PURCHASE this house:
http://realestate.yahoo.com/Michigan/Ann_A...yP7X_l6VShn47Qs
You're paying that to LEASE the house.

And I think the man means paying that per month.
In the Description it says:

FABULOUS END-UNIT BRICKFRONT CONDO-- 2 Private Bed/Bath Suites at either end with Lg Closets, Ceramic-Tiled Baths. Gorgeous Kitchen with Stainless Steel Appliances, Modern Floor & Counters, plus Breakfast Bar. Open Floorplan w/Spacious Living & Dining. Large LaundryRm w/WasherDryer, 2 Storage Closets--one's a Walk-in! Relax & entertain on the Patio w/Views. Enjoy the open Park-like Commons area. Convenient Attached Garage & Storage. Cats/sm dog allowed w/Pet Deposit. Close to UofM, lease for the fall starting 8/29.

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[FGDireito]

It has to be a rental, not a sale. Otherwise, I'm moving to the US. A house like that here would cost, at least, 400.000Eur (~511.000 USD)

its not for rental, this house its really for sale , he just have to deal with the ghosts in the attic :D

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[Politus]

its not for rental, this house its really for sale , he just have to deal with the ghosts in the attic :D

And the neo-nazis, communists and Samoans.

But yeah, this is too good to be true, it's probably a rental.

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"Things will not calm down, Daniel Jackson. They will, in fact, calm up."

[ugliestmoose]

Yeah, I'm pretty sure that price is SUPPOSED to be the monthly payment.

As it stands, monthly payment is $7. Looks like I'm moving to Ann Arbor:yahoo:


Oh, wait...MICHIGAN?! DAMMIT

[Zapp]

Houses are so cheap in Michigan because everyone's trying to get out, not in.

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[looqas]

Thanks for the clarification guys.

I would say that paying 30k to 100k for a single family house in the suburbs is ripping off cheap.

There's no such thing as getting even close to foreclosure prices here in Finland even if the bank has taken possession of the house. The bank makes sure that it gets a really good price for it. Even when the bubble bursting caused local experts to say that the house prices would plummet here in Finland too that was not exactly the case. The prices maybe stagnated for a month and then started growing again. Now the prices higher and growing even faster than (during the supposed slow-growing economic situation) when the economy was booming. People are paying mad money for houses. For example the similar house you can get there for 100k (3 beds, single car garage, roughly 1700sq foot) you pay some 400k US. You seem to be able to get a real mansion in a very good neighborhood in any big city (minus NY) for that money.

But with my profession you just have to go where the jobs are. If I could get a job over there easily I would seriously consider moving over there in to some small town. The older I get the more I realize that I have nothing against living in a smaller circles. After all I grew up in a city with circa 35k population.;)I can always travel to make up the feel of the bigger places.

I'm sure to tell my kids to pick a well-paid profession that you can practice in little towns and preferably globally, like a doctor, so at least they don't have to suffer for this.

But maybe it's the volume of the foreclosures the bubble caused that explain these selling prices, but still it seems to me that bank is only interested getting rid of those houses asap.

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Flying under radar.