Why are houses so fucking expensive? - BF2S Forums

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Why are houses so fucking expensive?

2009-02-03 14:53:49

#1

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6005|College Park, MD

Seriously. My father's been house-shopping (idk if he wants to buy or rent though) and we've seen some ridiculous prices for houses.

A 3 story house with poor bathroom locations (one in the god damn pantry) that's gonna have a big construction project start behind it soon? 1.2 million dollars.

A similar house but with a better layout? 1 million dollars.

A penthouse apartment with two floors, three bedrooms, a small kitchen, an entertainment room, and a nice view of the city? 1.2 million dollars

A condo with two floors and once again semi-awkward layout? 1 million dollars.

It's completely ridiculous. The only possible justification would be location, but I don't see how being a 2 minute walk to the metro makes an apartment worth 1.2 million bucks. I'm honestly a bit scared about leaving home and becoming an adult and all this shit. How are people who don't make tons of money supposed to afford these expensive fucking things? And remember, these are just average living homes. A big suburban semi-mansion goes for at least 2.5 million here.

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2009-02-03 14:55:49

#2

Sydney: 2λчиэλ; +783|7147|Reykjavík, Iceland.

Houses don't (usually) depreciate in value, the value actually goes up in time, therefore it is kind of an investment.

Still, you are pretty much forced to take a loan, and then the bank has you by the balls .

2009-02-03 14:57:11

#3

Parker: isteal; +1,452|6698|The Gem Saloon

meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.

2009-02-03 14:58:07

#4

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6005|College Park, MD

Parker wrote:
meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.

Yeah, that's the only other reason I can see for houses being so expensive. They're probably cheap in the Anacostia neighborhoods, but then you get to deal with sleeping with one eye open and being paranoid walking down the streets at night. Fuck that shit.

@Sydney but why do houses appreciate in value over time? I've never understood that.

Last edited by Hurricane2k9 (2009-02-03 14:59:11)

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2009-02-03 14:59:36

#5

Flaming_Maniac: prince of insufficient light; +2,490|7010|67.222.138.85

location location location

2009-02-03 15:00:38

#6

Parker: isteal; +1,452|6698|The Gem Saloon

Hurricane2k9 wrote:
Parker wrote:
meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.
Yeah, that's the only other reason I can see for houses being so expensive. They're probably cheap in the Anacostia neighborhoods, but then you get to deal with sleeping with one eye open and being paranoid walking down the streets at night. Fuck that shit.

ya, you know it all depends on what type of situation you would want to be in.

i could rig that house so no one could get within twenty feet of the fucker, without alarms and all sorts of shit going off.

i wouldnt be worried about situations outside of the house because i avoid them, and i also have my little friend with me.

on the flip side, i wouldnt feel comfortable having any future girlfriends walking around by themselves down there, sooooo.....

2009-02-03 15:00:56

#7

Sydney: 2λчиэλ; +783|7147|Reykjavík, Iceland.

Hurricane2k9 wrote:
Parker wrote:
meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.
Yeah, that's the only other reason I can see for houses being so expensive. They're probably cheap in the Anacostia neighborhoods, but then you get to deal with sleeping with one eye open and being paranoid walking down the streets at night. Fuck that shit.

@Sydney but why do houses appreciate in value over time? I've never understood that.

I dunno, they just do

2009-02-03 15:05:33

#8

Mekstizzle: WALKER; +3,611|6924|London, England

land value

2009-02-03 15:06:27

#9

Turquoise: O Canada; +1,596|6708|North Carolina

Come down here... You can buy houses for pretty cheap. I was about to get a nice one for $150,000, but it didn't work out.

2009-02-03 15:09:39

#10

FatherTed: xD; +3,936|6803|so randum

Average house price in England is like 180k atm

Small hourglass island
Always raining and foggy
Use an umbrella

2009-02-03 15:10:28

#11

Bertster7: Confused Pothead; +1,101|6885|SE London

FatherTed wrote:
Average house price in England is like 180k atm

Not in London it isn't....

Last edited by Bertster7 (2009-02-03 15:11:04)

2009-02-03 15:11:06

#12

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6005|College Park, MD

Turquoise wrote:
Come down here... You can buy houses for pretty cheap. I was about to get a nice one for $150,000, but it didn't work out.

I'm telling my dad that it'd make more sense for him to buy a smaller house in the suburbs since they're generally much cheaper than the nice urban ones, but he "doesn't want to commute." Honestly I wouldn't mind a 45 minute commute if it meant having a pretty nice house for much cheaper than I'd get in the city.

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2009-02-03 15:19:35

#13

FatherTed: xD; +3,936|6803|so randum

Bertster7 wrote:
FatherTed wrote:
Average house price in England is like 180k atm
Not in London it isn't....

Same for my little village, but i think 180k means the UK market has fallen 25% in a year

Small hourglass island
Always raining and foggy
Use an umbrella

2009-02-03 15:26:07

#14

OrangeHound: Busy doing highfalutin adminy stuff ...; +1,335|6953|Washington DC

You can get some great deals in PG county and Southeast Washington ... neighbors are a little loud with all their gun shooting and such, but the housing values are great.

Also, you can move into a house in Detroit for close to nothing.

(in other words, yes, it is all about location).

Hurricane2k9 wrote:
A big suburban semi-mansion goes for at least 2.5 million here.

Nah. I live 1 mile south of Tysons Corner and houses here are only 1 to 1.2 million. Quite the bargain.

2009-02-03 15:31:35

#15

jsnipy: ...; +3,277|6826|...

Richmond is still relatively inexpensive. DC overall is very expensive (unless you have OH money )

2009-02-03 15:33:00

#16

mikkel: Member; +383|6905

Sydney wrote:
Houses don't (usually) depreciate in value

2009-02-03 16:42:13

#17

Kmar: Truth is my Bitch; +5,695|6904|132 and Bush

mikkel wrote:
Sydney wrote:
Houses don't (usually) depreciate in value

That's actually a fairly accurate statement. People that have been in there homes over 10 years usually aren't losing money.. even in this market.

Xbone Stormsurgezz

2009-02-03 16:44:48

#18

Catbox: forgiveness; +505|7020

Hurricane2k9 wrote:
Parker wrote:
meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.
Yeah, that's the only other reason I can see for houses being so expensive. They're probably cheap in the Anacostia neighborhoods, but then you get to deal with sleeping with one eye open and being paranoid walking down the streets at night. Fuck that shit.

@Sydney but why do houses appreciate in value over time? I've never understood that.

I guarantee you wouldn't be walking the streets of Anacostia at night...lol
and house prices depend on many variables... if you wan't a cheap house... move to a small town in Ga... very cheap and nice...

Love is the answer

2009-02-03 16:51:45

#19

Surgeons: U shud proabbly f off u fat prik; +3,097|6793|Gogledd Cymru

Mr Mikhails, houses increase in value because of the scarcity of land and how expensive it is. Hence why inner-city properties cost shitloads, whereas properties outside, in the suburbs etc. cost much cheaper.

2009-02-03 16:52:12

#20

Scorpion0x17: can detect anyone's visible post count...; +691|7069|Cambridge (UK)

Sydney wrote:
Hurricane2k9 wrote:
Parker wrote:
meh, i was just looking at one down in the city for $34,000.

not a bad place at all....just a REAL shady neighborhood.
Yeah, that's the only other reason I can see for houses being so expensive. They're probably cheap in the Anacostia neighborhoods, but then you get to deal with sleeping with one eye open and being paranoid walking down the streets at night. Fuck that shit.

@Sydney but why do houses appreciate in value over time? I've never understood that.
I dunno, they just do

if(demand>supply) price++;

Spoiler (highlight to read):
It's the effect of supply and demand - until the global population has one house per person there will always be more people wanting to buy than to sell - and when demand is greater than supply, price increases.

2009-02-03 16:57:34

#21

Cheez: Herman is a warmaphrodite; +1,027|6742|King Of The Islands

Flaming_Maniac wrote:
location location location

Thanks, Kirsty.

My state was founded by Batman. Your opinion is invalid.

2009-02-03 17:01:55

#22

Turquoise: O Canada; +1,596|6708|North Carolina

Hurricane2k9 wrote:
Turquoise wrote:
Come down here... You can buy houses for pretty cheap. I was about to get a nice one for $150,000, but it didn't work out.
I'm telling my dad that it'd make more sense for him to buy a smaller house in the suburbs since they're generally much cheaper than the nice urban ones, but he "doesn't want to commute." Honestly I wouldn't mind a 45 minute commute if it meant having a pretty nice house for much cheaper than I'd get in the city.

Arlington has some nice townhouses, but yeah, they're expensive.

2009-02-03 17:14:10

#23

13rin: Member; +977|6783

haha...

Wasn't this you a week or two ago?

http://forums.bf2s.com/viewtopic.php?id=119648&p=2

Hurricane2k9 wrote:
100K/year is more than enough to live nicely in the DC area.

Welcome to the real world. Location, location, location.

I stood in line for four hours. They better give me a Wal-Mart gift card, or something. - Rodney Booker, Job Fair attendee.

2009-02-03 17:14:38

#24

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6005|College Park, MD

Turquoise wrote:
Hurricane2k9 wrote:
Turquoise wrote:
Come down here... You can buy houses for pretty cheap. I was about to get a nice one for $150,000, but it didn't work out.
I'm telling my dad that it'd make more sense for him to buy a smaller house in the suburbs since they're generally much cheaper than the nice urban ones, but he "doesn't want to commute." Honestly I wouldn't mind a 45 minute commute if it meant having a pretty nice house for much cheaper than I'd get in the city.
Arlington has some nice townhouses, but yeah, they're expensive.

I'm just browsing around on the Washington Post's real estate listings, and for the prices of those houses I listed in the OP, I'm finding newly built homes for the same price that have like 5 bedrooms and lots of space.

@DBBrinson, "DC area" a small house in the suburbs, the size of the ones I've seen in the city are much less expensive than the ones in the city.

Last edited by Hurricane2k9 (2009-02-03 17:16:29)

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2009-02-03 17:16:39

#25

Mutantbear: Semi Constructive Criticism; +1,431|6268|London, England

Flaming_Maniac wrote:
location location location

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