ext_106223 ([identity profile] wulfrich.livejournal.com) wrote in [personal profile] kniteracy 2007-07-18 05:16 am (UTC)

1.1 million pounds for a house that dares call a 5'x5' space a study?

I will never come to terms with the cost of urban housing. How can -anyone- afford to live in these places? There are some $500,000 homes in this market, but for that money you get almost 4000 square feet of space on two acres, with a three-car garage and a pond. The median price in this township (one of the most expensive in the area housing market) is $245,000. But we live in the 'slums'--one street over from us there's a property listed for $179,000. Three bedroom, two bath, 2-car garage, 2400 square feet, nice yard with big trees--a very well-kept ordinary American ranch home in a 1960s subdivision. You only need about 150% of the median household income for the county to afford to live there.

So who the hell buys the half-million dollar homes here, or the million-pound homes there?

-Wulf


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