What’s the housing market like where you are?
Here it’s very competitive and most people can’t win a bid to purchase a home. Being out bid by tens of thousands of dollars. It’s crazy.
51-55, F
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Picklebobble2 · 56-60, M
Ridiculously over-inflated.
Here in the east of the UK the average two bedroom house is currently costing about £250,000 ($344,000) (e290,000) But there's no logic as to why.
I fear this is a worldwide bubble. Created to try and move the world economy forward.
Only one way that will end !
Here in the east of the UK the average two bedroom house is currently costing about £250,000 ($344,000) (e290,000) But there's no logic as to why.
I fear this is a worldwide bubble. Created to try and move the world economy forward.
Only one way that will end !
@Picklebobble2 what size... In the states we measure that by square footage, but I don't think that how you guys do it over there... Also how much land does that include.
The amount you said is slightly higher than what average in my neighborhood for a 2000 sqft on 1/4 acre. But space is very limited here.
15 miles away the price drops dramatically.
The amount you said is slightly higher than what average in my neighborhood for a 2000 sqft on 1/4 acre. But space is very limited here.
15 miles away the price drops dramatically.
Picklebobble2 · 56-60, M
@Callmewhatyouwill The UK valuations are largely based around the value given by The Land Registry. A government agency that works out how much your property is worth given the land it occupies.
Consequently houses can be small but expensive because they have large gardens front and rear all part of the same property.
Consequently houses can be small but expensive because they have large gardens front and rear all part of the same property.
@Picklebobble2 basically the same here in a way. Our value is determined by a combination of price per sqft on the building and price per acre in land added together.
Prices are subject to change depending on market value and demand... Ie cities more expensive than country, due to population density local taxes and market demand.
Prices are subject to change depending on market value and demand... Ie cities more expensive than country, due to population density local taxes and market demand.
Picklebobble2 · 56-60, M
@Callmewhatyouwill Similar here.
Thing is, people know cities and towns are majorly expensive to rent or buy in.
So some people move further away in order to be able to buy and then commute in to work.
Where i am is the 'back end of beyond !' Most folk here were born here. Not the kind of place you'd choose to move to unless you were retired.
Consequently properties tend to be smaller (older folks downsizing) and because the nearest city is 15 miles away it's far enough to not be caught up in 'mega-silly-pricing'
Thing is, people know cities and towns are majorly expensive to rent or buy in.
So some people move further away in order to be able to buy and then commute in to work.
Where i am is the 'back end of beyond !' Most folk here were born here. Not the kind of place you'd choose to move to unless you were retired.
Consequently properties tend to be smaller (older folks downsizing) and because the nearest city is 15 miles away it's far enough to not be caught up in 'mega-silly-pricing'
@Picklebobble2 I'm currently blooming at some property like that, but with a fair amount of land...
I like the convenience of living in a city but it's getting less cost effective by the week.... Doesn't help were get most of the country's covid refugees also
I like the convenience of living in a city but it's getting less cost effective by the week.... Doesn't help were get most of the country's covid refugees also
Picklebobble2 · 56-60, M
@Callmewhatyouwill That's what i mean. Nobody has any work coming in; no company is screaming for a workforce; not as if schools are over-subscribed.....so what is driving the housing market ?