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£gbp / $ Us Dollar (pg. 4)
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| butterfly |
omg the pound is almost 2:1! that's scary...
housing costs where i live are really high. and also where i am from. but it varies a lot in the US. for example, if i wanted to buy a 4 BR house on 1/4 acre in my area it would be $800,000 or more. I started looking at prices for 2 BRs in my town, which is one of the cheapest in the area (and still 30 miles from the city) and there weren't any under $400,000. i guess i am not buying a house any time soon... |
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| itsTrueSonic |
| quote: | Originally posted by butterfly
omg the pound is almost 2:1! that's scary...
housing costs where i live are really high. and also where i am from. but it varies a lot in the US. for example, if i wanted to buy a 4 BR house on 1/4 acre in my area it would be $800,000 or more. I started looking at prices for 2 BRs in my town, which is one of the cheapest in the area (and still 30 miles from the city) and there weren't any under $400,000. i guess i am not buying a house any time soon... |
of course .. you live in california .. i would say living in a cardboard box in california would cost you $10,000, because the box would be expensive, and buying the space you are sleeping on would be super high also . :tongue2 |
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| beats and beeps |
| quote: | Originally posted by Mebot
1.00 GBP = 1.93002 USD
yep, Three cheers for the ty economy and weak U.S. dollar.
Well kudos to all you Brits now, you can come over and buy all of our houses now :( |
Im coming down this weekend to buy some cdjs for approx half what i'd have to pay here!
Ps: you guys have horrible pot.
The canadian dollar is inching closer and closer to being on par. |
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| PhloTron |
| quote: | Originally posted by Mebot
Anyone have some of that blind optimism I could borrow? |
Sure...A week dollar is 'good' for us...it makes stuff cheaper for other countries to buy...thus they'll buy more. It makes crap from china more expensive...and more feasable to produce it in the US = US jobs. It allows people from abroad to travel here and spend their money...I've already seen all the Albertans come back to the resorts here and take back over...after all they have tons of money....now it's "worth" a bit more.
That all said, I'd rather have a strong dollar...and the Chinese put their currency in check...they undervalue it by upwards of 40% just to make things cheap. And I'd like a strong dollar so everyone can go to europe on vacation...that's what everyone has been complaining about over here.
There are positives and negatives to both a weak currency and a strong one...I guess I'd try and show some blind optimism for you...but yeah it pretty much stinks. :)
+/- 1 Acre lots by me go for +/-$850,000 Mountain "cabins" (new) go for 775,000 - 2.4 million. And houses from 4 million plus. Damn californians invaded and inflated the prices insanely. The average personal salary of the people in the valley I'm from is just over 16,000/year...so you know none of them can buy where they live....grrr.
I have a house in town, and I just bought 5 acres of view property up river in which I'll build my next home in the next couple years...Location Location Location (and I bought where I could afford). |
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| dj_mdma |
i have a sideline interest in Real Estate in britain in my area which is South West London
The fact that the pound is sooo strong against the dollar has prompeted my parents to do a little dabbling in currency trading. We didn't expect it to actually rise when they ploughed some sums of money when it was approx 1.85 dollars to the pound! Either way, it is inevitable that this will eventually fall to what i call its "regular" level of around 1.5 dollars to the pound, where they will sell their dollars again.
Anyhow, property prices in america are quite a lot cheaper than in the UK, taking into account desirable areas for desirable areas. Its probably something to do with the fact that our houses are stable and made of bricks and won't fall down at the slightest gust of wind :toothless Just Kidding!
A lot of the property around me has heritage too it, a lot of it is from the 18th century and stuff.
I live in Twickenham, and an ENTRY LEVEL HOUSE (not apartment, maisonette or anything lesser than a 2/3 bedroom 1 bathroom property) is between 260-300,000 GBP. (thats almost 600,000 USD!!)
You go a mile or so west into Richmond, and an entry level family house (Detached 3 bed 1/2 bathroom) will cost you around 800,000, but prices average around 1 million gbp. For an idea of property prices in my area go to www.foxtons.co.uk
In case you are wondering why stuff is expensive around here, its because we're close enough to central london without being too far away, we are near the River Thames (riverside property is stupidly expensive), we are close to two Royal Parks, Heathrow Airport and for some reason a lot of celebrities live in this area. For example, Keira Knightly went to my school and college, The Attenborough family live in Richmond, Minnie Driver lives up here somewhere, Tim Henman lives in Barnes (next to Richmond) etc etc etc
Is it a good thing that houses are expensive? no, cos you get all for your money. On the same site, if you click on the Surrey area, you will see what you can get for your money! |
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| DaveSZ |
| quote: | Originally posted by Mebot
oh yeah..as someone already said in a different thread..
LOCATION, LOCATION, LOCATION
prime spots around Northern Virginia (where i'm from) can reach upwards of 600 - 900 thouasand. Especially around the DC and Metropolitan areas like Arlington and Alexandria...
It's all about cost of living too, I mean if you live there, you obviously have a job that makes some good money. |
Right, like getting bribed right and left from every special interest in Washington...
The cost of living there probably contributes to the corruption in Washington politics. |
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| DaveSZ |
| quote: | Originally posted by PhloTron
Sure...A week dollar is 'good' for us...it makes stuff cheaper for other countries to buy...thus they'll buy more. It makes crap from china more expensive...and more feasable to produce it in the US = US jobs. It allows people from abroad to travel here and spend their money...I've already seen all the Albertans come back to the resorts here and take back over...after all they have tons of money....now it's "worth" a bit more.
That all said, I'd rather have a strong dollar...and the Chinese put their currency in check...they undervalue it by upwards of 40% just to make things cheap. And I'd like a strong dollar so everyone can go to europe on vacation...that's what everyone has been complaining about over here.
There are positives and negatives to both a weak currency and a strong one...I guess I'd try and show some blind optimism for you...but yeah it pretty much stinks. :)
+/- 1 Acre lots by me go for +/-$850,000 Mountain "cabins" (new) go for 775,000 - 2.4 million. And houses from 4 million plus. Damn californians invaded and inflated the prices insanely. The average personal salary of the people in the valley I'm from is just over 16,000/year...so you know none of them can buy where they live....grrr.
I have a house in town, and I just bought 5 acres of view property up river in which I'll build my next home in the next couple years...Location Location Location (and I bought where I could afford). |
I've heard Oregon is beautiful and still has cheap real estate...
True or no? |
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| Mebot |
| quote: | Originally posted by DaveSZ
Right, like getting bribed right and left from every special interest in Washington...
The cost of living there probably contributes to the corruption in Washington politics. |
Perhaps... i'm sure they benefit somehow from all this fiasco. |
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| kr00t0n |
Bah, let me prespectivise both countrys:
I grew up in a 3 bedroomed, 1 toilet, 1 bathroom, lounge, dining room, kitchen, laundry, garage, big front and back yards and a driveway.
All this a five minute from the beach.
This is in Cape Town, South Africa.
My parents have since added a grannyflat with it's own bathroom and kitchen.
Value of house?
R180 000
Rand/pound ratio?
12 to 1!!!!
My parents house costs a measily £15 000!!!!! :eyespop: :eyespop:
Glad I know live where the good money is :toocool: |
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| blazed it |
*coastal california (approx 0-30 miles from the shore) = ridiculously expensive. Even if you live in the ghetto areas, and I'm talking about hole crime ridden areas filled with gangs, crackheads, pimps and ho's it's still like 200-300k for a 2-3 bedroom house. If you move to the central valley or san bernadino/riverside county aka boonies the hinterlands 300k will get you a mansion. Right now quite a few minorities that are living in these bad neighborhoods are selling their properties and moving out to the hinterlands because they can afford a nice place out there.
Where I used to go to school was insanely expensive. I believe santa barbara county had the highest median home prices in california avg. 600k for a home (prices from 2 years ago, i don't know the current median). My friend had a dumpy 3 bedroom in a crap neighborhood and it was worth 900k. |
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| tifosi135 |
| mannn all the limmies here at my school for a one year study abroad are having a blast coz of the dollar/GBP exchange rate...n the ing stupid me going to germany for study abroad...gonna be broke before i know it!!! damn the economy!!!:nervous: |
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| displaced |
who'd ever thought of cheap american stuff? i guess i'm gonna end up buying more from american record stores...
i really can't complain about weak dollar, as long as energy crisis doesn't rear its ugly head and cause inflation and raise prices for everybody...
as for real estates, california is on the edge. all you with capital should look for deals as federal interest rate continues to increase, forcing people on the margin to default on payments for their million dollar south orange county homes. i would too, but 1. i have no capital and 2. all the houses in oc look the same... :D |
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