Been saving for years just to watch the market suddenly go insane due to covid and watching house prices soar over 50% in 9 months. Went from getting ready to finally buy a home to realizing its never going to happen unless I can more than double my income.
American dollars? That is very cheap compared to houses here in Auckland, New Zealand. A three bedroom family house will cost well above New Zealand $600k ($430,000 US dollars!)
I just did the conversion in google that US dollars $190k is $264k nz dollars.
If that's the case a lot of Aucklanders will probably want to move to your area in America and buy your houses.
The US is incredibly big and economically diverse. A townhouse in my area goes for $600k and up. A 1 bedroom, 1 bathroom apartment usually starts at $1800 per month. But go to rural Oklahoma and that $600k townhouse is $165 and the apartment is $600.
Interesting to know. It is more than possible that increasingly people from urban New Zealand cities may possibly try and move to areas like this in the United States if they could, as our country only has 5 million people in total, mostly in Auckland and many are priced out of the housing market.
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u/DrAstralis Mar 12 '21
Been saving for years just to watch the market suddenly go insane due to covid and watching house prices soar over 50% in 9 months. Went from getting ready to finally buy a home to realizing its never going to happen unless I can more than double my income.