Reply to Where does $500K buy you a nice house right now...

Forum Index » Real Estate

Reply to "Where does $500K buy you a nice house right now..."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Upper midwest[/quote]

Chicago suburbs, Minneapolis/St. Paul, Milwaukee, Indianapolis[/quote]

Chicago suburbs are questionable and depends on your definition of ‘nice’ and size requirements. You can probably find an 80s track home in an exurb for 500k or a slightly closer in small 60s/70s build that was maybe last renovated in the 90s for 500k. But you won’t find anything renovated and ‘nice’ by most people’s standards and definitely not in the more desirable suburbs. I think Chicago suburbs generally would require closer to a 700k budget and for the most desirable suburbs 1M+ .

Milwaukee area would have more.[/quote]

This house in Oak Park is kind of boring, but I would be perfectly happy to own it.

https://www.zillow.com/homedetails/948-Hayes-Ave-Oak-Park-IL-60302/3798436_zpid/?[/quote]

Good god, half a million for a small, hideously ugly, extremely dated house with an hour+ bus to rail commute downtown?

RIP affordable Chicago.   [/quote]

Yea these PPs recommending Chicago suburbs are delusional as affordable. 95% of the houses under 500k are tear downs and the rest are either exurbia (I.e 90+ minute commute) or are like 1000 sf.

Nothing meets the criteria of Nice and updated inside at that price point. Plus taxes are high which adds to the in affordability.

Not saying the chi suburbs aren’t nice, they’re very nice with great schools, but it’s not cheap to live there in the way tier 2 and 3 midwestern and southern cities are.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics