WOW! 700 square feet is the size of a small apartment.
We own a 2,000k sf home with a good sized yard, upscale kitchen and two baths (granite counters, gourmet appliances, blah, blah). Current market value is between $400k ande $350k.
$538,000 will buy what’s considered a luxury home in most areas of Phoenix AZ.
Yes, that seems about right.
People forget that 60 million Britons are living on a landmass 35 times smaller than the US. That’s roughly seven times less space per person, and SQRT(seven) smaller distance from one person to another.
Which explains how Britons can pay almost exactly SQRT(7) more for their petrol, and seven times more for the same living space. But, to quote Grahame Greene in The Power and the Glory, “it makes no difference to the teeth”.
A friend of mine in Houston is selling a nice 2,500 Sq.Ft. 2-story house for $125,000. The whole neighborhood looks upscale, but the housing prices in that area plummeted over the past few years when the demographics changed.
We own a 2,000k sf home with a good sized yard, upscale kitchen and two baths (granite counters, gourmet appliances, blah, blah). Current market value is between $400k ande $350k.
$538,000 will buy what’s considered a luxury home in most areas of Phoenix AZ.
Since we are bragging about who has the lowest "cost" of living. My family of 4 lives in a 3,200 SF (including basement), 3-car garage on 1/3 acre, fenced back yard, built in 2001 in a nice subdivision in Indianapolis, Indiana. We bought it for under $200K three years ago.
Don't tell anyone how cheap it is to live in Indiana. We are already taking refugees from Illinois and Michigan.