In my neighborhood, I could buy four houses.
Bernie bought a vacation home on the water, so my neighborhood doesn’t compare. Besides, I’m a renter.
Just south of here is Galveston Island. $600,000 will buy a pretty nice place on the beach. Of course, a really good hurricane could turn these places (except for the condos–maybe) into piles of rubble. (The hurricane drought has let some people forget what the Gulf can do.)
Lakefront property sounds like a safer investment. And didn’t some of the money come from Mrs Sanders selling an old family place?
Did the Sanders fans who sacrificed to donate $27 really take permanent vows of poverty? Or are they just pissed that their college education is still a giant debt instead of a ticket to upper middle class prosperity? Which includes stuff like vacation homes.
Plum Island is like a lot of summer islands – lots of cottages were built years ago and are really basic and on small lots. Over the years, it’s become more upscale with larger and more elaborate houses. So you actually have a range of prices and $600K seems to be just slightly above the median. A $600K house is nothing to sneer at, but it’s certainly not in tiny-giraffe-owning Russian oligarch territory.
I want a tiny giraffe! If I had one, I’d giggle exactly like a Russian oligarch.
In San Francisco, you’d have to throw in another million to reach the 1.56 million it cost for this complete tearer downer whose previous resident was a mummified corpse. And that was a year ago, before prices got crazier.
In San Luis Obispo, CA $600k will get you an older 3bed/2ba, around 1300 sf, on a 6,000-7,000 sqft lot. High demand and not much supply keep driving the prices up. Currently over 60% of the houses in town are rentals because most people wanting to live in town can’t afford to buy (also it’s a college town).
Put in my zip code and found this. Built in 1829 by Charles Ready, who founded the town. Actually, this house was auctioned off for less than $200K not that long ago. It looks like the current owners have spruced it up and made it into a wedding venue. 5 acres (it had 20) on the river.
StG
Ashiya, Japan. A three-bedroom apartment, which is what I got!