House prices to keep rising for years

[nunthewiser]

lol dubbo ........ melbournes suburbs ......lol some here just donr get the point do they ?

as you were wayne

 

[moXJO]

Can an Aussie buy US homes, ha!? Christ, at these prices I'll buy a hundred homes.

Yeah but something with their tax system, and also location of the homes. No use buying something in a ghost burb.

 

[wayneL]

Yea what he said! Where is it?? For $150k I could buy a nice 3 bedroom house easy in Dubbo? So what?

Cheers,

Beej

HAha. Not like those.

And it ain't in no hick town like Dubbo.

It's in a metro area the size of Sydney... Not Detroit either.

 

[wayneL]

Houston (pronounced /ˈhjuːstən/) is the fourth-largest city in the United States, the largest city within the state of Texas, and "the energy capital of the world." As of the 2008 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles (1,600 km ²). Houston is the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area””the sixth-largest metropolitan area in the U.S. with a population over 5.7 million.

Draw your own conclusions.

 

[kincella]

if you gave me a house for free in the US ....I would not accept it.....and it comes with a big tax liability each year anyway...
no way would I live in the US....
Australia was the best place on earth until......xofixxx.. but I won't go there....but its heaps better than anywhere else...

 

[moXJO]

Australia was the best place on earth until......xofixxx.. but I won't go there....but its heaps better than anywhere else...

Does that say Rudd

 

[Beej]

Houston (pronounced /ˈhjuːstən/) is the fourth-largest city in the United States, the largest city within the state of Texas, and "the energy capital of the world." As of the 2008 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles (1,600 km ²). Houston is the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the sixth-largest metropolitan area in the U.S. with a population over 5.7 million.

Draw your own conclusions.

Send us a domain.com.au type link - I bet they are in the OUTER suburbs of Houston........ similar prices to outer suburbs of Melbourne and Sydney. Plus as Kincella says, they come with big land tax liabilities... and they are in the US (house crash, sub-prime central, economic meltdown central etc any jobs in Houston at the moment??), been there done that, never living there again thanks..... but if the gun toting Texans are your thing, and you like those houses, go for it!!

Cheers,

Beej

 

[nunthewiser]

thanks for that wayne but i suspect the point may have flown over a few heads here .......

canada worth a look also

 

[Beej]

thanks for that wayne but i suspect the point may have flown over a few heads here .......

canada worth a look also

Methink you guys miss the point, but anyway..... As for Canada - nice country, a bit cold though? I would only ever live in Vancouver over there (close to Whistler plus the industries I need to earn a good living are based there), and prices there are about the same as Sydney - funny that??? Or maybe not??

Even the US, area's where I would need to live to earn a good living would be NYC, San Francisco + surrounding bay area, maybe LA, Seattle, Chicago, and strangely (or maybe not so) houses in ALL those places cost the same or in most cases MORE than Sydney for a comparable house/apartment in a comparable locality??

Cheers,

Beej

 

[wayneL]

Send us a domain.com.au type link - I bet they are in the OUTER suburbs of Houston........ similar prices to outer suburbs of Melbourne and Sydney. Plus as Kincella says, they come with big land tax liabilities... and they are in the US (house crash, sub-prime central, economic meltdown central etc any jobs in Houston at the moment??), been there done that, never living there again thanks..... but if the gun toting Texans are your thing, and you like those houses, go for it!!

Cheers,

Beej

Of course they're outer suburbs, but if you think those prices are comparable to Melbourne and Sydney outer suburbs; like for like, seek help... quickly.

Nun... indeed.

 

[moXJO]

I think the way they built their houses in the US, is a lot different to how we slap them up cost wise. A lot of the houses were part built in factories then craned on the slab in parts, like Lego. Add to that cheap labor from Mexico. Very hard to build under a certain price over here with all the red tape, services and codes. Can be done cheap to a degree of course

 

[kincella]

moxjo...no its not a political party....
Beej...good points as usual....
oh and just a few other points about living in the US.....the pension system is not like ours, and the health system is stuffed..

I can make a lot of money on property in australia....so many aspects of it are reliable....no ifs or buts or such like to mar...impinge on the asset in the future....I am very familiar with this asset class.....but only in Australia..
I am not interested in any other country...
so I guess I will just butt out of the current debate.....
its been the easiest couple of million bucks I ever made....so I will just keep duplicating that model for the future wealth creation...retirement scheme of mine
cheers all

 

[wayneL]

I think the way they built their houses in the US, is a lot different to how we slap them up cost wise. A lot of the houses were part built in factories then craned on the slab in parts, like Lego. Add to that cheap labor from Mexico. Very hard to build under a certain price over here with all the red tape, services and codes. Can be done cheap to a degree of course

Bear in mind the US in not a 3rd world country.... yet. They also have red tape and building code, even if some of the construction can be prefab. Houston is a hurricane area so homes are wind rated also.

You can buy estate building blocks (with nice entrance etc) for ~$50k.

 

[wayneL]

Methink you guys miss the point, but anyway..... As for Canada - nice country, a bit cold though? I would only ever live in Vancouver over there (close to Whistler plus the industries I need to earn a good living are based there), and prices there are about the same as Sydney - funny that??? Or maybe not??

That is true for close to CBD areas. But outer suburbs drop off in price much more quickly than Oz.

Sydney should be compared to Toronto really, not Vancouver.

 

[nunthewiser]

$499k - about what people are paying on average in Oz

dear beej and kincella

can you please point me to ANY australian city /town / boondock where one is able to purchase this quality house for the same price

last time i looked even in an outer mortgage belt area like even werribee one would be looking in the high 700,s /800/s(probably more ) for this size pad

but hey ........ never let the facts stand in the way of a good story

 

[wayneL]

New York City... cosy, but check out the price.

 

[moXJO]

dear beej and kincella

can you please point me to ANY australian city /town / boondock where one is able to purchase this quality house for the same price

last time i looked even in an outer mortgage belt area like even werribee one would be looking in the high 700,s /800/s(probably more ) for this size pad

but hey ........ never let the facts stand in the way of a good story

How many m2 is it?

 

[wayneL]

NY City suburbs, New Joisey side... commutable to Manhatten

 

[wayneL]

How many m2 is it?

It's 50 squares and about 45 minutes drive to Houston CBD according to google maps

 

[Beej]

NY City suburbs, New Joisey side... commutable to Manhatten

Hah!! New Jersey suburbs is NOT New York City!!! It's in a different STATE!!!! No-one in NYC wants to live in New Jersey......

You either are having us on big time and/or you have never been to NYC!

Cheers,

Beej