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A single-family house in Clairton, Pennsylvania (outside Pittsburgh) costs considerably less than a parking space in New York City.
January 31, 2008 | Permalink
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Same thing in Minot, ND or Burns, OR or Scotts Bluff, NE. These are places that are emptying out or static - nobody leaving, nobody moving in.
When I was a baby my family lived in Adena, Ohio, maybe 100 miles from Pittsburgh. The last time I was there in the 80's I asked a realtor what my grandmother's old house (that my cousin still owns) would sell for. He said $500, if anybody would buy in Adena, but they don't. I just checked Adena on Zillow and got no information because it has no sales listed.
Michael Wells |
January 31, 2008 at 06:54 PM
In this article from The Oregonian of 20071210 (link in my byline), a critic of city planning put up these numbers to compare properties:
"Bashing Portland has become a cottage industry, and O'Toole is its leading figure.
Click. Here's a slide showing a big house on a lush, green yard. This is in Houston, a plump 2,300 square feet for $170,000.
Click. Here's a skinny house in Portland, maybe 1,200 scrunched square feet on a sliver of a yard. Asking price: $260,000."
This property is probably in SE Portland, a similar one in NW Portland (e.g., Alphabet District) would be $360,000 ... my guess for Toronto is $420,000 in The Annex, and Chicago North Side around $500,000 in Old Town, Lakeview (Wrigleyville) or Ravenswood.
Gary Dare |
February 02, 2008 at 05:38 PM
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