Saturday, March 3, 2012

I am looking at houses in aus and just just out of curiosity i looked into international houses that are for sale and they seemed to be really cheap. Like a 5 bedroom home for $149,000???|||The US is a really big place. There are places where you can get a 5 bedroom house for that price, yes. The wages there are also low, and it's likely that jobs are not exactly plentiful. There are parts of the country where that same house would cost you more like 800-900,000, depending on how much land comes with it. It all depends on the local job market, and then supply and demand. Location is everything.|||Depends where you are , the Aussie is going up while the US$ is going down.
Besides that we have many foreclosures due to banks lending at very low Variable rates The housing market doubled in price 4-5 years ago. I was buying a house 5 years ago and was outbid on 7 houses. So now people without jobs are losing their homes, and because the value fell its not worth them paying the mortgage.
But it depends where you live, NYC apartments can run 1 million while an Ohio home can be 25,000.|||yup the market went WAY WAY down....if i had the money i would totally buy one now.

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