re: #129 ozbloke

Cheechako,

Thanks for your help.
I won’t hold you to anything heh…

The costs you mention would be small compared to the 170k mentioned, am I getting you right?

That seems ridiculously cheap for a property like that…

I live in a small rural town in NSW Australia, and a shit weatherboard (timber) home, 3 bed 1 bath would sell for at least 250k.

I don’t get it, our dollar is getting 96 US cents these days, I would love to move to the states, not sure what the requirements would be or if I would meet them. But your real estate sure seems cheap.

Avg house prices where I live have gone from about 80k in 2000 to 250k 2010

Your looking great to me…
Probably not great for investors over the last ten years though…

The only other costs I can think of would be a loan origination fee if you have to finance the property and a one time title insurance policy to protect you if a claim on the title should arise. Many of these costs are included in the loan amount.

You’re right, in some areas of the country the home prices have really tumbled due to the banking/real estate crisis. Another area to look at is Las Vegas, Nevada or Phoenix, Arizona. Homes that originally sold for $500,000 and up are going for half price.

It’s definitively a “buyer’s market” in many areas.

I don’t have any idea of how you could immigrate to the U.S.