Lol. 50k for a 1/2 acre?
I could easily spend $350,000 for a 100'x120' lot. IF there were any... There's three custom House builders that have been snatching up every plot of land available, even the crap ones.
My father in-law just sold his rental property in the outskirts. The house is a total tear down, totally worthless. $450,000 for 1/4 acre.
I posted a photo of my house this morning. With the yard and gardens done up. 2004 build, 1625 sq/f lot is 80'x120", biggest lot on the street due to the corner. I'd sell tomorrow for $515,000. Housing is out of control here... property taxes are $4700 a year.
$450k for a 1/4 acre sounds like a case of location location location. There’s always a supply and demand factor. Is this in or near a large metro? But at least your property taxes are low. Here you would pay $14k on 500k valuation. This is why people are packing up leaving IL as soon as they are able to.
Which reminds me I have to go and pay 1st installment by 6/1
Wanna trade


What’s your lot size? That is a lot in taxes, but the cost of housing does offset that, I suppose. When I bought my taxes were 3600 a year, which was pretty standard for the area. It’s gone up a lot....
I am almost an hour outside of Toronto. But the real estate boomed because so many people who lived in Toronto moved east because it was cheaper. But the real estate agents and foreign buyers started driving the prices up. Our houses are hugely inflated. There’s absolutely no way my house should be $515,000.
The inflation in the GTA has gone nuts. And of course, the incomes have not kept up with the cost of living, at all...
my wife and I do well (not rich, but my hobbies are expensive and the boy is spoiled), she makes a lot more money than I. but she was very sick when the boy was born and couldn’t work for over a year. We managed on my income. If we bought now and went through the same, there’s no question I would have lost my house, or would be in huge debt to a family member (her parents)...