RE: Los Angeles Home Prices Are Out Of Control
That's an incredible amount of money for that type of house you pictured there in Beverley Hills. What struck me most about your post is that you say you can buy houses around America for under $100k and get a decent house for that price. I'm sat here shocked that your Aunty's house is now worth $55k. In Britain the property prices would make you cry. For people who aren't rich an average 3 bedroom house in a semi-decent area will set you back at least £170,000, I guess that's around $200,000. The market is so screwed up here and is the reason I probably won't be able to ever get on the housing ladder in my own country which is a disgrace really. I am part of what's now termed 'generation rent' and it really is quite depressing. I don't see what will change to improve the situation other than buying property on the continent.
Yeah, in middle America house prices are really low. It really depends on how willing you are to live out in the middle of nowhere, or in a city with no great jobs like my hometown of Dayton Ohio:
https://www.zillow.com/homes/dayton-ohio_rb/
My wife is from Newmarket (Suffolk) so I know all about UK house prices. They are insane considering the average wage of a British citizen. The nice thing about living in England though is that most people live nearer to everything than the average American, being that it's such a small country.
Oh man that's it I'm moving to the states! Why did you show me that? Lol! Suffolk's not a bad old county, lots of green space there. Yes we are a small country in terms of land size for sure. I think that's another reason I am so sick of the entire situation over here. We are too many people on a small island, on mostly very low wages incurring very high expenditure for basic necesseties like a home we can own. This creates a disaffected nation.