How much does a new house cost you?

China
June 23, 2008 10:03pm CST
I'm a Chinese and really want to know how much money does a average house cost in America. such as 200 square meters, with a garage and a yard. i know it must differs from city to city.so i want to get more information for you Americans. firstly I'll tell you how much does it cost in China ,I live in Dalian, also a big city in China ,but not the famous Beijing and Shanghai, just now I bought a new apartment. 90 square meters with no decoration.it cost me RMB720000. it means more than 100 thousand dollars. and i spend more 35 thousand dollars on decoration. I'm looking forward to your responding
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5 responses
2 Jul 08
$350,000 in California. It's an average middle class home, here in California homes are very expensive copared to most other states. I'm still debating with myself whether it's worth it. In San Antonio, Texas an average home would be about $150,000.
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• China
2 Jul 08
Thanks for your information. I can't believe it, why the house prices vary so much from California to San Antonio. I know San Antonio because of San Antonio Spurs. aha, why is the house price in California so expensive, is it because of the job opportunities? have a good day.
2 Jul 08
I think it's because there are sooo many people here and not enough houses, mild weather, Hollywood, and the many different types of regions (Deserts, Mountains, Coastline, Woodlands). My husband is orignially from East Los Angeles (Not so nice part of L.A), and whole family live together. Parents, grandparents, children, brothers and sisters, because it is so difficult to afford housing. People even live in garages! Everything else is alot more expensive too. Gas here is $4.60. Everything is going up except wages. I think Northern California is more beautiful than Southern California. In Southern California everything is planted, nothing is really indiginous to this region.
2 Jul 08
I know it sounds crazy but $350k is actually really cheap here. We live in a more affordable part of california, in the Desert.
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@baileycows (3666)
• United States
8 Jul 08
Well in our area in the South a nice house with land is going to run you anywhere from 170K to 235k
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• China
9 Jul 08
It seems very cheap, a nice house in China may be more expensive than that. thanks, have a good day.
• United States
24 Jun 08
i don't know about average,but in my area (northeast US),a run down piece of crap house is no less than $350,000. a "good" house is more like $500,000.is it worth that price? no. but they're all over inflated here.
• China
24 Jun 08
Of course, they're all inflated. but if you come to China and have a look,maybe you will change you mind! LOL We Chinese earn about 1/8 of a average salary of an American. but look at our house prices. so amazing, no it's weird. In Beijing and Shanghai, a common apartment of about 100 square meters will cost you about more than $350,000. Usually, a 100-square-meters house just means you can use 70% of it, so you get 70 square meters with $350,000,and without and decoration, furniture, and yard. it is just a clean house. I really looking forward to becoming an American. LOL
@ZephyrSun (7381)
• United States
24 Jun 08
Well our house is just about 1500 square feet and we sit on about 3/4 of an acre and it was appraised at $100,000 and we live in a fairly large city. We haven't had it reappraised since we remodeled the house, but we don't really plan on moving anytime soon. One acre is equal to 43,56o square feet. Housing in Ohio right now is very cheap because there are so many foreclosures.
• China
25 Jun 08
I can't believe it. it's so cheap, Is it a new house or not? I guess it's not, but the quality of the houses in the US is much better the ours. so usually we live in a new house, in common ,a new house can't stand up for longer than 30 years. I'm a little sad to think about this, if the quality were better, there had been more people who can survive the big earthquake. Silence!
@ZephyrSun (7381)
• United States
25 Jun 08
Our house was built in 1907 it was one of the first build on our street. The structure was built using cedar and oak so chances of it coming down any time soon is not very likely. The cedar keeps the bugs away and the oak provides strength. We have little earthquakes around us about 100 miles away usually and they are normally about 5.0-5.5 the only think we ever have to worry about is tornados, and for some reason they don't normally hit in our city and if they do it's on the outlaying areas of the city.
• United States
5 Jul 08
Much like in China, what is "average" in one part of the US is not "average" in another. It depends on the area you want to live in and what kind of work you want to do. I live outside NYC. House prices here are usully 3 times that of other areas, because (like Beijing or Shanghai) it is a famous city and many famous and wealthy people want to live here. Houses in the town where I live generally cost around US$1 million - it depends on the age of the house, the size of the house and the property, and the condition that it is in. Since this town is small, has very good schools, and lots of parks, shops, and restaurants, even small, modest homes are very expensive. It is also only 20 - 30 minutes by train to NYC, so it is relatively easy to get to work without having to drive your car and pay for expensive gas and parking (parking garages in NYC are VERY expensive and even if you try to park on the streets you have to pay - if you can even find a spot!). US$ 1 million in my town would probably buy you a 1500 - 2000 sqf. home with 2-3 bedrooms, 1.5 bathrooms, and a small front and back garden. There would also be a garage and a cellar, since most homes have them in this area (homes in other parts of the US sometimes don't). The inside would probably be in good repair (since people in my town are VERY careful with their homes) but it might need new things like new appliances in the kitchen, new flooring or carpeting, or new plants in the garden. And then there would be the expense of decoration - paint, furniture, and other such things - not to mention the costs of RUNNING the house (such as electricity, heating, and water, not to mention telephone, TV, and Internet service.). Also, banks won't give you the money to buy a house without insurance against at least theft and fire. It would be extra to buy insurance against flood damage (thankfully we do not have many tornados or earthquakes here - although we have had small ones in the past!). There are also taxes for the town to pay for things like safety, garbage removal, and the schools; property owners pay for these things based on the size and value of their homes. Taxes in the area surrounding my town are very high compared to other places in the US - on average US$ 17,000 every year, and they keep going up. An older home needing more repairs might be less (but you would then have to pay additional for the repairs unless you are clever enough to do it yourself) and there are certainly very large, elaborate homes here which cost far more. One of my children has a friend with an indoor pool and a croquet lawn at her home, and another child said her house on a lovely hill with a three car garage and veiws of the Hudson River was "just a regular house". Before you ask - I don't own a house in my town. I live in a 900 sqf apartment with two bedrooms and one bathroom. I am lucky that I work for one of the very few companies who had the foresight to build apartment blocks for their workers so we can afford to live in a nice area close to work. Otherwise, my apartment would cost at least US$ 2000 a month without the other associated costs (excpet the taxes - only property holders pay taxes).
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• China
5 Jul 08
Thanks very very very much. this is absolutely the most detailed, careful, and helpful response I've ever received. I can say that I've already known a lot about this topic. according to your information, I found almost the same situation in China, in those big cities. I live a big city, but not the biggest city such as Beijing and Shanghai. but in view of our low salary, It's more hare for a Chinese to buy a house, of course, that is partly because of our huge population. as you said, the tax in the US seems very high, average US $17,000. incredible! I want to know, how to pay the taxs, does everyone pay such a big sum of money no matter how much he earns?