I hope this is the right place to start this thread. I was curios of the prices they practice for land/apartments/houses in the United States/Canada , I know they can differ a lot from a state to another. Of what I seen so far on different sites the rents are pretty much the same as in Europe, what about buying them?
Buying can be more costly on a month to month basis, However in the USA the interest on mortgages you pay and the taxes you pay on the property can be deducted from the taxes you pay on your income. The other consideration is over time you build equity in your home if you own it and home values typically rise over time providing a hedge against inflation. Currently the housing market in the USA is in a state of flux and values are declining. Prices vary from state to state but can also vary from neighborhood to neighborhood or even block to block. Prices are typically driven by employment, taxes, schools and other factors such as interest rates and credit availability as well as location and of course supply and demand. If you plan to own and your time horizon is ten years or more, you will likely be better off buying. I think prices will still decline for at least another 6 months to a year so you do have time to get in!
Home prices made strong growth on both a monthly and yearly basis in every region in June. In the first six months of this year, home prices in the U.S. appreciated 10%. There are lots of websites of realtors like this http://www.pallspera.com/ in USA which gives the details of prices of various properties.
Alex, there is not a single number, and average would be pretty much like an average temperature across the hospital. In some areas/neighborhoods you can find houses for just a few thousand bucks, in others - in the order of million bucks. It all depends.
And yes, the trend is down, and there is no indication it will reverse any time soon...
Misha, this is what is also happening in Europe, to be more exact in Romania. But prices are still high, as for an 3 room apartment in the capital you would pay 200K euros. A 120 squared m house costs anywhere between 250K and 2M $. I was more interested to know the prices for land, I know it all depends and differs from place to place, but if someone could give me some examples, the sites I came across are a bit out of date.
@Inspiredpub - Thanks for the links , checking them now. I really appreciate it.
@Popa Blues - "Currently the housing market in the USA is in a state of flux and values are declining. Prices vary from state to state but can also vary from neighborhood to neighborhood or even block to block." - This is pretty much how it works everywhere in the world, I was not clear enough, if you excuse me for that, I am referring more to a piece of land lets say in a nice neighbourhood in San Francisco. How much would that be ?
I don't know if there is any land in San Francisco-- if there is, it has to be among the highest priced in the country-- if not in the world.
Check out some real estate sites with a search that includes the state or city you are interested in.
@Rochelle Frank, oh there sure is. That is why I pointed out San Francisco, to make an idea of what the highest prices go for. And then I`ll figure out the better offers. Checking some sites now, they seem to be decreasing a lot since last year.
Note this thread is 4 years old so all the info given is out of date.
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