moonpuppy
join:2000-08-21
Glen Burnie, MD
 ·Verizon Online DSL
| reply to TKJunkMail
Re: That's just wrong.....
said by TKJunkMail  :The houses being burnt down are worth millions. They can afford to pay the bill. You know this how?
Shouldn't matter what that house costs since cost of living is different all over the country. While that same house may cost $250,000 where I live, it may cost more where they live but their pay will reflect that too. |
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jjeffeory
join:2002-12-04
USA | From experience...
The pay will not neccesarily reflect that. |
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moonpuppy
join:2000-08-21
Glen Burnie, MD
·Verizon Online DSL
| said by jjeffeory :From experience... The pay will not necessarily reflect that. So you know what houses cost just by the large area they are in? 
Unless someone shows me the address and the records of house sales on the same street, you can't tell me how much a house is worth just by looking at it or its location. |
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en102
Canadian, eh?
join:2001-01-26
Valencia, CA
 ·RoadRunner Cable
·DSL EXTREME
| As a resident of SoCal, you'll be hard pressed to find even a piece of vacant land to build on worth less than $250,000.
On the other side, just because the house may be worth +$500,000, (most in SoCal are), doesn't mean that
A) People are rich (many spend +1 income just to pay mortgage and taxes)
B) They have money. Some may have bought the house back in the 90's or earlier for --
Canada = Hollywood North |
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S_engineer
join:2007-05-16
Chicago, IL
·Comcast
| One reason people scrap for a home in a semi affluent area is for an investment. I live in a nice area and I'm far from rich. Tack on my kids pending college tuition and you could consider me broke!~
The death Star wants the money...fine...send it to them in pennies and cancel your account!
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Where have the adults gone? |
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Thaler
Premium
join:2004-02-02
Encino, CA
| reply to moonpuppy
said by moonpuppy :Unless someone shows me the address and the records of house sales on the same street, you can't tell me how much a house is worth just by looking at it or its location. Reminds me of the houses on Venice Beach. The houses themselves look very "rustic" (ie. shithouses riding bare minimum up to code), but the property they sit on is worth millions. |
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emptywig
Huh? What?
Premium
join:2002-08-05
Pasadena, TX
| reply to moonpuppy
Yeah, you can certainly know what a house is worth just by knowing what area its in.
I can say with a pretty good degree of certainty that any house in, say, Tokyo, no matter how small, is probably worth nearly a million dollars.
I can also tell you that those numbers are completely relative, and just because your house is worth a million doesn't mean you have a millionaire lifestyle. A million dollars is a lot more money if you live in Houston than if you live in NYC or LA. If I had to, I could probably find an $80,000 house here in the Houston area that I'd be happy to live in. I don't think I could find a cardboard box on a piece of lawn in all of Southern California for that amount of money.
wig
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Sometimes a paradox is just a paradox |
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en102
Canadian, eh?
join:2001-01-26
Valencia, CA | reply to Thaler
I tend to agree... the homes here aren't worth anything (except contractors that want to add on will charge a boat load of $$$ for any change).
Marina Del Ray has VERY nice condos.
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Canada = Hollywood North |
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Thaler
Premium
join:2004-02-02
Encino, CA
| said by en102 :I tend to agree... the homes here aren't worth anything (except contractors that want to add on will charge a boat load of $$$ for any change). Oh, but of course. With property values like those on the beachfront, contractors KNOW residents can afford to pay through the nose. I'm sure the city also tacks on a nice hefty tax/fee wherever they can for home remodeling. |
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