Here's what $400,000 buys you in different cities

What are you trying to tell us?

The doom and gloom partly comes from that these houses were under $300k 2 years ago.

I looked at that Tampa one. That's $2,814/month payment ($515/month in HOA fees) with $96,000 for down payment and closing costs. That's very expensive IMO.

Going with Dave Ramsey 25% of take home pay logic, a couple would need to be making $11,256 net per month. That's $135,072 net per year.

Or roughly 17k gross per month / ~200k gross per year. The median household income in Tampa is like 55k.

Here’s what that will buy you in LA.

zillow.com

4601 S Hoover St, Los Angeles, CA 90037 | Zillow

Zillow, Inc.

Zestimate® Home Value: $310,000. 4601 S Hoover St, Los Angeles, CA is a vacant land home. It contains 0 bedroom and 0 bathroom.

Link:www.zillow.com/homedetails/4601-S-Hoov...

At first glance I thought it said Hooker street, so you might be able to turn it into an income property. It’s like the old saying “Location, location, location”.

And it’s a townhouse way out in Northeast Tampa. It’s 30 minutes from downtown and about an hour to the beach. I’m in between Tampa and St. Pete and $400K gets you a 1500 sq ft dump or maybe a decent 2BR condo.

You need to go well North or East to get something decent for $400K, which being an hour from the beach defeats the purpose of living in FL.

Not too bad, but that Surprise, AZ home is depressing as hell. Looks dry and barren. A monument to man’s arrogance!

And ... none of these places are desirable to me.

Also, if you can't afford a $400k home ... stop being a poor.

How do you say no one wants to live in Ohio with out saying no one wants to live in Ohio?

It ain't $1.7 million though.

That's what the desert looks like. Cactus and rocks as landscape rather than useless grass that has to be mowed.

True. I think the doom and gloom point is that you have to be "rich" as a first time home buyer to even afford a 400k condo in Tampa, an hour from the beach. These prices are bananas and it feels like property owners (not you) don't feel bad about it in any meaningful way. It feels unjust that my lawyer wife and I can afford a home while so many normal people cannot.

1) $116/sq'. Not surprising given the location. Not many would want to live in Marysville, OH.

2) $311/sq'

3) $171/sq'

4) $284/sq'

Yeah, desert where there isn’t any water and shouldn’t be any homes. Instead you have homes like this in AZ with backyard pools next to golf courses. It is nauseatingly bad.

If you invested 400k into Enbridge stock, you'd earn nearly 30k/year just in dividends.

or 2500/month, which should cover most expenses for many people.

That's what you did?

I like it, screw the haters. You could probably use more sunlight.

Haha, never heard that one before!! Haha flyover states!

Typical views from East and West coast douchebags that have no clue about what most of the US is like.

(yeah, I'm from OH)

This is what $400,000 buys you in Cleveland, Ohio.

en.wikipedia.org

Taj Mahal

The Taj Mahal (; lit. 'Crown of the Palace'), is an Islamic ivory-white marble mausoleum on the right bank of the river Yamuna in the Indian city of Agra. It was commissioned in 1631 by the Mughal emperor Shah Jahan (r. 1628–...

Link:en.wikipedia.org/wiki/Taj_Mahal#/media...