Crazy how cheap houses are in USA compared to UK

[Will.]

£250,000 can get you this.

http://www.rightmove.co.uk/overseas-property/property-50677210.html

£400,00 can get you this.

http://www.rightmove.co.uk/overseas-property/property-49448212.html

£600,000 can get you this.

http://www.rightmove.co.uk/overseas-property/property-50444890.html

etc.

To have a house like the first one in most parts of UK, you'd probably have to have about at least 500k.

To have a house like the third in North london you'd probably have to have about £8Million.

[LukeB]

That's not cheap

[Will.]

That's not cheap

In comparison to UK prices I mean.

[Dollface]

I like the third house

[Dollface]

That's not cheap

600 for that third house is well cheap

[Cherie]

You are not comparing like for like though Will, you need to compare London to New York

[Will.]

You are not comparing like for like though Will, you need to compare London to New York

I'll do that now.

[Cherie]

I'll do that now.

No idea what New York prices are like so should be interesting, I think Connetticut would be like living in Suffolk

[Cherie]

Comparing it to general UK.

You could buy half of Wales for 50p :laugh:

[Will.]

London is more expensive than NY according to articles.

[Will.]

Housing is also more expensive in London. According to Global Property Guide, London ranks number two (Monaco is number one) in terms of the world's most expensive cities to rent and buy. It costs $34,531 per square meter to buy in London. It costs $18,499 in New York City.

Article from May 2015

[Marsh.]

London is not "general UK". :joker:

[Cherie]

Housing is also more expensive in London. According to Global Property Guide, London ranks number two (Monaco is number one) in terms of the world's most expensive cities to rent and buy. It costs $34,531 per square meter to buy in London. It costs $18,499 in New York City.

Article from May 2015

Wow that's interesting, prices in London are steep feel sorry for anyone trying to get on the property ladder at the moment. We bought our first flat In Walthamstow 20 years ago for 40,000, the same flat recently sold for 300,000

[Will.]

London is not "general UK". :joker:

I've not compared it too London. :laugh:

[Will.]

Wow that's interesting, prices in London are steep feel sorry for anyone trying to get on the property ladder at the moment. We bought our first flat In Walthamstow 20 years ago for 40,000, the same flat recently sold for 300,000

yeah it's ridiculous, I was looking at old newspaper the other day in the house and the house next door (Winchmore Hill area) was bought for £140K in 1990's and now worth in the region of £600-800k.

[BBfanUSA]

340,000 is not cheap in America. You can't even get that in a year at a straight out of university job here.

Which is also why I haven't moved out of my parents place. Apartments are a bit expensive too.

[Marsh.]

We bought our first flat In Walthamstow 20 years ago for 40,000, the same flat recently sold for 300,000

get money bitch

[Cherie]

yeah it's ridiculous, I was looking at old newspaper the other day in the house and the house next door (Winchmore Hill area) was bought for £140K in 1990's and now worth in the region of £600-800k.

If you go on Zoopla it will show you what your neighbours paid :hehe:

[Cherie]

get money bitch

:smug:

[Will.]

If you go on Zoopla it will show you what your neighbours paid :hehe:

I know, imma look now. :hehe:

[Will.]

Number 4 bought their house for 160k in 1995, now worth £872,000.

my mum bought our house for £620,000 in 2013 and now worth £842,000.

number 6 bought their house for £290,000 in 2000, and now worth 800k.

[Marsh.]

Number 4 bought their house for 160k in 1995, now worth £872,000.

my mum bought our house for £620,000 in 2013 and now worth £842,000.

number 6 bought their house for £290,000 in 2000, and now worth 800k.

I love how you assume we're interested in your neighbours. :smug:

[Will.]

I love how you assume we're interested in your neighbours. :smug:

I find the comparison quite shocking.

[Cherie]

Number 4 bought their house for 160k in 1995, now worth £872,000.

my mum bought our house for £620,000 in 2013 and now worth £842,000.

number 6 bought their house for £290,000 in 2000, and now worth 800k.

Get in... Number 4 :laugh:

[Cherie]

I love how you assume we're interested in your neighbours. :smug:

Don't be jelly of us property magnets Morsh

[Will.]

Number 8 are winning the most.

bought for 1.2M in 2013, now worth 1.7M.

[Cherie]

Number 8 are winning the most.

bought for 1.2M in 2013, now worth 1.7M.

That's me Will I didn't like to say ..

[T*]

This is London prices

[Will.]

That's me Will I didn't like to say ..

oh so your the one that every thinks is a snob and bitches about.

[Cherie]

oh so your the one that every thinks is a snob and bitches about.

:joker: no change there then

[Marsh.]

oh so your the one that every thinks is a snob and bitches about.

Yeah, that's me, I didn't like to say. :hehe:

[Will.]

What are house prices like in LA?

[Cherie]

Yeah, that's me, I didn't like to say. :hehe:

:suspect:

[Cherie]

What are house prices like in LA?

Expensive

[Jason.]

Why are you so interested in this Will? :laugh:

[Will.]

Why are you so interested in this Will? :laugh:

I'm curious.

[RichardG]

I suppose there could be other factors, they have more land to build bigger average houses and £250,000 in the USA might not be equivalent to the same in the UK. There could be differences in wages and they gotta pay for health care and guns and stuff. :laugh: Those wooden walls probably cost less to build than bricks too. London prices are silly though not just for houses but for everything!!

[Samuel.]

340,000 is not cheap in America. You can't even get that in a year at a straight out of university job here.

Which is also why I haven't moved out of my parents place. Apartments are a bit expensive too.

The fact you're highlighting that as if it's shocking I think says a lot about the differences in prices :laugh: To save the 220k equivalent in the UK it'd take about a decade without any spending on the type of job you're talking about.

I'm very envious of you Americans when it comes to house prices.

[T*]

Do you live in London samuel

[Samuel.]

No, why?

[Crimson Dynamo]

My house is older than all of america

[DemolitionRed]

Hong Kong still beats London http://www.numbeo.com/cost-of-living/city_price_rankings?itemId=100

[bots]

In order for it to be a meaningful comparison, you need to take in to account average income, taxes etc too. House prices on their own mean nothing

[Cherie]

In order for it to be a meaningful comparison, you need to take in to account average income, taxes etc too. House prices on their own mean nothing

True although this does not remotely apply to London :laugh:

[smudgie]

Thank god we live up North is all I can add.:cheer2: