Author Topic: What Million Dollar Homes Look Like.  (Read 5608 times)

Capsu78

  • Pencil Stache
  • ****
  • Posts: 733
  • Location: Chicagoland
What Million Dollar Homes Look Like.
« on: February 25, 2015, 05:53:48 PM »
I always knew I would live in a million dollar home...just didn't think it would be the Fremont CA house that I paid $176,000 for and sold for $242,000 in the 80"s.   Here is a good study of what a difference a low COL area looks like vs a high COL area.

http://www.marketwatch.com/story/what-a-1-million-home-looks-like-in-different-markets-2015-02-23?mod=MW_story_recommended_default

MsRichLife

  • Pencil Stache
  • ****
  • Posts: 539
  • Age: 43
    • Living My Rich Life
Re: What Million Dollar Homes Look Like.
« Reply #1 on: February 26, 2015, 03:51:23 AM »
Recent sale of a one bedroom cottage in my neighbourhood. $1,020,000. Ripe for demolition!

http://www.realestate.com.au/property-house-act-braddon-117789539

Dexterous

  • Stubble
  • **
  • Posts: 207
  • Age: 34
  • Location: Hawaii
Re: What Million Dollar Homes Look Like.
« Reply #2 on: February 26, 2015, 06:05:43 AM »
I think my Prius C would get a lot more use in many of those areas... that or I'd get an electric car

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 16018
  • Age: 39
  • Location: Toronto, Ontario, Canada
Re: What Million Dollar Homes Look Like.
« Reply #3 on: February 26, 2015, 07:57:50 AM »
This Vancouver based real estate site is always fun for a giggle:

http://www.crackshackormansion.com/index.html

HawkeyeNFO

  • Bristles
  • ***
  • Posts: 296
  • Location: Moose Scrotum, Alberta
  • Retired at 44.....back to work at 45
Re: What Million Dollar Homes Look Like.
« Reply #4 on: February 26, 2015, 09:13:10 AM »
Many many many million dollar homes in my neighborhood are purchased and then bulldozed.  Then a developer spends $300k-$500k to build a new home, sells it the next year for $2-$3 million.  This is near DC, 22101 and 22207.

SnackDog

  • Handlebar Stache
  • *****
  • Posts: 1276
  • Location: Latin America
Re: What Million Dollar Homes Look Like.
« Reply #5 on: February 26, 2015, 09:27:55 AM »
How about a 7-bed, 9-bath 10,000 square foot mansion with a ballroom for just $739K?

http://detroit.curbed.com/tags/charles-van-dusen

Jon_Snow

  • Magnum Stache
  • ******
  • Posts: 3800
  • Location: An Island in the Salish Sea (or Baja)
  • I am no manís chair.
Re: What Million Dollar Homes Look Like.
« Reply #6 on: February 26, 2015, 10:03:51 AM »
GuitarStv, you beat me to it. Crackshackormansion.com is the best illustration as to how stratospherically out of control Vancouver real estate has become. Though I will admit, sky rocketing  home equity has boosted my NW number handsomely. Still ridiculous though...

ChaseJuggler

  • Stubble
  • **
  • Posts: 124
Re: What Million Dollar Homes Look Like.
« Reply #7 on: February 26, 2015, 11:04:00 AM »
Sometimes I get a little jealous of other people's earnings in this forum. But the brand new, $85/square foot home in a good neighborhood goes a long way to make up for it. (Charlotte, NC)

lisahi

  • Stubble
  • **
  • Posts: 225
Re: What Million Dollar Homes Look Like.
« Reply #8 on: February 26, 2015, 12:16:20 PM »
The house in which I grew up is valued at $1.2 million today. It's a 2000 square foot, 4-bedroom home on 0.20 acres of land on a ridge above Honolulu, built in the early 70s. The rooms are small, the bathrooms are tiny, but the land is worth a fortune, even if it's not a lot of land.

My sister's house is a 2000 square foot, 4-bedroom home on 0.25 acres of land in San Antonio, Texas, built in the early 2000s. They bought it a couple years ago for $167,000.

ysette9

  • Walrus Stache
  • *******
  • Posts: 6810
  • Location: Bay Area, CA
    • The Best Is Yet To Come
Re: What Million Dollar Homes Look Like.
« Reply #9 on: February 26, 2015, 12:49:17 PM »
The only thing on the market under a million right now in Palo Alto (where I work) is a 1 bedroom condo that is something like 500 ft^2.

RetiredAt63

  • Senior Mustachian
  • ********
  • Posts: 13297
  • Location: Eastern Ontario, Canada
Re: What Million Dollar Homes Look Like.
« Reply #10 on: February 26, 2015, 06:27:11 PM »
I take back everything I have ever thought about Ottawa's high house prices.  Although Ottawa is a High COL compared to here.

This Vancouver based real estate site is always fun for a giggle:

http://www.crackshackormansion.com/index.html

kendallf

  • Handlebar Stache
  • *****
  • Posts: 1065
  • Age: 53
  • Location: Jacksonville, FL
Re: What Million Dollar Homes Look Like.
« Reply #11 on: February 26, 2015, 06:39:00 PM »
My house was $35k and looks MUCH better than most of those Vancouver houses.  Thanks for the link, funny and scary!

MoneyCat

  • Handlebar Stache
  • *****
  • Posts: 1752
  • Location: New Jersey
Re: What Million Dollar Homes Look Like.
« Reply #12 on: February 26, 2015, 07:38:04 PM »
Wow, that article makes me feel a lot better about how much I paid for my modest house in NJ.  Livingston is a pretty expensive area, but here where I live is relatively better price-wise and nearly as nice in terms of amenities.