House prices will continue down as people leave the state and prices correct due to market pressure. The problem with Florida is the property taxes increased based on the boom and the cost or inability to obtain homeowners insurance. Florida's in for a rough 5 years imo.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Imagine paying a million dollars for a two bedroom apartment, having to pay $22k a year in taxes, who know how much on HOA fees and still not having your own washing machine.
tbh id rather have that than be in the small boring cities or suburban sprawl such as houston. i know what you mean tho, i feel like the one in chicago was kind of a compromise. NY is hella expensive.
Hey , One thing I didn't understand, could you please tell me " do you have to pay those $22k per year in addition to a million ? , If yes , for what ? , please tell !
@@SomeDSquares I suppose it depends on what stage of life you are in. Personally, I like living in the burbs 15 minutes from downtown and not having someone pissing in my doorstep. Have a nice big back yard and no HOA fees.
@@wuzzleone dude get this these country’s don’t I’m surprised Bahrain Cayman Islands Cook Islands Dominica Faroe Islands Fiji Israel Kenya Kuwait Liechtenstein Malta Monaco Mauritania Namibia Norfolk Island Oman Qatar Saudi Arabia Seychelles Sri Lanka Turks and Caicos Islands United Arab Emirates
I have a mansion in Romania and it only costs me about 300 euros (350-400 dollars) a year in taxes. And the cost of life is very low compared to the US, especially when it comes down to health care and facilities (water, electricity, natural gas, etc). And to the surprise of many, I can ensure you there is everything you need and more in this country - from IPhones to cars, you can get the same things here than in the US, and even better sometimes since unlike in the US, a lot of European made products can be found. And pretty much everybody knows English. It is true that the average wage in the US is around 50k a year, while in Romania it is only the equivalent of around 20k, but there are sectors which pay as much as in the US if not more (IT, certain fields of pharmaceutics, insurance, banking, etc). And with the online trend spreading more and more, I am for example earning my wage in Switzerland, while working from home in Romania and enjoying a way better lifestyle than most people. In my opinion, as long as there is no attachment to any particular place, people should give such affordable places a try.
@@user-qb7ue4uj6r my home in minnesota is $82k a year in taxes, i own a nearly 8,000 sqft house and my shoes are the travis scott jordans, idk its the fragment x whatever its called. Brown, blue and white color.
but you're in LOS ANGELES its all about location ... I wouldn't leave California for any other state IDGF how much cheaper a home is cheap comes with BORING...
When did a house that's 5,000 square feet or less become a mansion? People in real estate use the words Mansion or estate so loosely. To me a "mansion" is a 10,000 sqft plus house that sits on a decent amount of land and has all the amenities. And an estate would be more along the lines of a house that sits behind large private gates with a long driveway leading up to a huge towering house that sits on several acres of land that looks like a golf course / upscale country club set up. Not a small old outdated 3,000 sqft house or an old small apartment.
Because everyone wants to own a "mansion" so real estate brokers have been lowering the standards of the term to try to sell more houses that are just below actual mansions
@@thereaperzcrew Have you ever lived in Indiana? I’ve lived a lot of places and traveled a ton. Carmel, Indiana would be in my top 10 places to live, easily.
same. i would get tired of the heat and I'm extremely happy to live in a place where in the summer its pretty hot but in the winter is pretty cold too. the feeling is so good once you get snow and then once summer comes in.
Holy Crap! A million in Detroit can really buy you an awesome estate!! I'm keeping that in mind, but that joint in Indianapolis is AMAZING!!! So much for a great price!!
Moved from San Jose to Waterloo, IA. Bought a 3k sqft hours for under 300k. Comparable house would be 3 million in our old neighborhood. House has already appreciated 10k in the 6 months we've owned it.
I've gone apartment hunting in Manhattan and there's no way you get a crib like that -- with a balcony and a nice view -- for a million. Most million-dollar apartments are crappy one-bedrooms with terrible vis-à-vis. Price per square foot in Manhattan is way more expensive than L.A.
Absolutely. Show what you'd get in the UK, Australia, Canada, NZ, and European cities. And do not just lazily pick one capital tourist city, but show the full range.
@@TiffyVella1 The full range is important. You could pay 1 million for a house in LA and get a crumby one, or a really nice one - depending on the location within LA. I imagine the same goes for all major cities worldwide.
In Dallas I live in a above average neighborhood but we have this section called the “hilltops” and theres a few houses over 1m that are nice 5 bed 2-3 bath houses.
yeah that house they showed in houston was not ideal for texas. you can get a lot more house for 1 mill in texas. that is a 300k home in dallas depending on the neighborhood
In my country, France, for a million dollars I’ll get a 70-90 sq.m. Flat in Paris, Nice or other « expensive » towns, and up to a castle in more remote parts of the country.
for the apartments, condos and gated communities u didn't list hoa condo or coop monthly fees, honesty in some cities thats the difference between a rip off and a steal lol
A million dollars gets you a room in a run down trailer where I live. Always fun to look out my back door to see Austin Martins driving around a trailer park.
I live in the Southeast. I built my house in an Estate neighborhood (15 Houses on 1.5 acre lots) in a 1000 acre wilderness that includes 6 more houses and has a white water river running through it (the river is about 1500 feet from my back door). My house is 3900 sq. ft. 5 bedrooms, 3.5 baths with finished basement and 3 car garage with indoor 14 x 31 workshop. It cost me $150,000.00 to build, is paid for and appraises for $300,000.00
This is actually a really good informational video! I am looking to move some place I can get the most space for my money. Plus knowing the property taxes is really good. People loses their property because of property taxes. Thank you for this!
Move to Europe. I live in the Netherlands and have a home with construction we did for about 1.000.000 euro. Got all and more of what they've shown here and property taxes are not even worth mentioning. Go to places like spain or Italy or Portugal etc and you can get such homes for halve the price
Australia not much better. Recently saw a small 2 bedroom shack sell for 1.8 million AUD just because it was near the beach. After conversion that's about 1.32 million usd
All depends on where you want to live. As they say - location, location, location. If you want to live here in Silicon Valley with most of the world's top tech companies and perfect weather, then it will cost you
There are now tech companies in Austin and in Utah, and one does not need to pay such outrageous prices for housing. Austin has become expensive, but getting a large home for $300,000 is still quite easy just an hour's drive from the city.
Person who made this video "Find me the shittest LA home that is listed for a million, probably for land value or something that would never have a chance of selling".
Second last place in Indianopolis is the best IMO. Also, it really says a lot about the mismanagement of Detroit that the taxes there are 3k higher than NYC. That's why the houses are so cheap there too. People have sold houses there for like $1 and no one buys because you'll still lose money on tax.
NY was an apartment. if its a 12 story building, then 12 people are paying taxes for the same square footage of taxable land. 23kx12.... so 276k in taxes for NY vs 26k in taxes in Detroit.
@@onceagain227 Ok, fair point but what I said is still true, you can compare Detroit to some of the other places here that weren't apartments and it's much higher than avg.
That Vegas spot is considered a mansion? Very nice, but what makes a place a mansion these days? Looks like more cookie cutter houses with no space, crowded next to your neighbors.
Kansas City here can find you a $1M home (new construction) with 5br 5ba 3 car garage, deck, and about $13K/ year in taxes. I wouldn't call it a mansion, but a large house in an upscale neighborhood.
In 2020 my parents sold their DC home for around 3 million. They moved to a house ranch in MD that thay got for under 2 million with 27acrs. It was a great move on there part.
The Problem is right in your comment. WHY does a condo cost that much to begin with... I dont GIVE A F about the location. I am not paying more than a property is worth, and LOCATION should NOT be included in the value of a property. Especially when i can go to the bahamas or st martin and get a TROPICAL VIEW And practically hand them LINT for it
@@brandonsavio6446 In real estate the axiom is location, location, location. The dirt/land is a substantial cost of the total cost of a house. In LA, San Fran, NYC, Boston, etc land is much more expensive because the total population is higher, so more people want that same piece of land. It's not like out in BFE Nebraska where no one wants to live. Or even in the Bahamas, or St. Martin where people don't work. People actually go to work in LA, NYC, Boston, San Fran, etc.
I live in an almost identical place in the same neighborhood in New York, but mine is worth a little more, this really made me wonder about where else I could live and be happy...the Miami place, wooow...but it's not as solid a real estate market as manhattan
I think home prices across the US is subjective. Every state, every county is its own local economy. The reason why parts of the country have high prices is influenced by first supply and demand. If ppl want it, prices will stay high. Secondly, cities pay higher per capita for the same job versus a place that is rural. So while it may seem great to own a million dollar house on a farm in say Kentucky, you’re not going to have your high city salary to come with you. Now with the pandemic, this changed the game, ppl work remotely. In the interim, houses in rural cheap parts of America is great, however, if companies begin to pay you based on the rate scale in the state you ACtUAlly reside in, then you’re going to have a lower salary. For now with the pandemic, this isn’t happening but I do see this happening with companies looking to get a profit and consider salary adjustment fair when the pandemic settles down and we will all be in a rude awakening about macro economics and how the forces of economics work.
I've an aunt and uncle 8 minutes away here in Indiana living in a (long since paid) 2 bed/1½ bath and modernized electric whatnots, heat/air system tuned every 12 months, remodeled flooring, adequate lawn and a 2-car garage. $800/year for tax. That's all most of us need ~ 4 walls and a roof. Granted, if your the party goer then space is something to seek. When I drove for Amazon I've seen the most run down trailer trash slums and the most pristine mansions with green grass in the winter. Rich people tend to be very nice. I'll never forget the lady who offered me a tray of peppermint chocolate cookies out of the oven when I came around in the circle. :)
My house is around 1m usd and tax is around 100 usd. Real estate is expensive relative to income, but property taxes are almost non-existent in Czech republic.
One reason Detroit's prices were so low in 2020 could be all the $1,000 houses for sale on Zillow. They would be filled with trash and have boarded up windows, but I think a bank or organization was probably trying to revitalize the neighborhoods. Now with the housing market I couldn't find any when I looked.
@Luyema Tlhame criminal’s & gangsters can be “well known” , take the Chicago mobsters for example, back then they were “notorious” for their bad deeds & violence
I dont get that LA home. I've done $1 million dollar open home tours in upcoming areas , every house is completely gutted and renovated with a mod look of a craftsman bungalows or Spanish look to bungalows. I've never seen a home that has not been fixed up for that price In any gentrifying area. Most likely land lot is large for a multi home lot, like 3 apartments or its surrounded by mcmansions
Interesting topic! If you buy a $1 million house in California, property taxes are going to be closer to $13,000 per year. Property taxes are limited to an increase of 2% a year. So , someone who bought years ago could be paying $7,000. Many upscale neighborhoods are older neighborhoods (1940's - 1960's) in the most valuable areas. The houses on them are fixer uppers or teardowns, but the property itself is extremely valuable. So you can buy a McMansion in some nondescript Planned Urban Development or a house in a very tony neighborhood that you are going to tear down for the same money.
Don't forget the tax rate in TX for that home (sometimes up to 3-4%!!!), and the weather in AZ that will fry you dead most of the year for your $1M. And Detroit did not seem to be quite a low-crime-area in the last 10 years or so. Other than that, yeah, there are some nice places in USA that have awesome price/quality ratio
Does that mean the natives of Arizona were banished there and unable to reach a more comfortable place to live, or did they at least migrate like birds or whatever? It's impossible to assume they forgot where to go for more comfortable weather, so I guess they were just waiting on people to get released from jail or something. Can you help me form a less childish and more acceptable generalization?
@@WellBehavedForeigner people are different. I have friends who LOVE being fried under the sun. If they are given the choice of a mild climate, or desert - they'll choose the hot place. Some people live on Alaska and think it's the best place to live. But it does not change the fact that AZ is a super hot place - there are times when AIRPLANES ARE NOT TAKING OFF because of the temperature, and flights are cancelled.
Seems to fit in line with the point this video makes, which is the further you get from anywhere interesting, the cheaper things get. And CT isn't so cheap either if you're in say Greenwich and close enough to just drive to New York in an hour
This would specifically be property tax. It goes towards education, public libraries, parks etc. it’s part of the problem with how we fund a lot of public commodities in this country. Imaginary ‘districts’ are drawn on a map, and the people’s taxes within these gerrymandered ‘districts’ are how schools and public utilities are funded within their boundary lines. It’s why you see such a drastic level in difference in quality between say a school in the south of Chicago vs a school somewhere in the suburbs not 20 kilometers away. Because the amount of money provided to the school is drastically different based on the amount of money gathered within these boundaries. There’s a lot more to it than that of course, I’m just scratching the surface here. And I strayed from your question and got political, sorry about that.
Man, I was planning on moving to Boston. The house prices aren't gonna stop me but goddamn are they a pain. Then again, that's probably only in the city of Boston itself. I reckon $1mil could probably get you something really really big in somewhere like Lexington or Newton, which are suburbs of Boston
the 1,000 sqft. 3 bedroom, 1 bath house in a modest middle class neighborhood I grew up in North Long Beach, California just sold for $500,000.00 I bought a 1,700 sqft house with 4 bedrooms, 2 full baths and a 1/2 bath in a modest middle class neighborhood in Kansas City, Kansas for $128,000.00
House prices will continue down as people leave the state and prices correct due to market pressure. The problem with Florida is the property taxes increased based on the boom and the cost or inability to obtain homeowners insurance. Florida's in for a rough 5 years imo.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info of the adviser who assisted you?
I can't divulge much but Rebecca Noblett Roberts is the FA I work with you, you can do your due diligence as she's very much accessible to the public
Her name is Rebecca Noblett Roberts can't divulge much. Most likely, the internet should have her basic info, you can research if you like
"An up and coming neighborhood..." in L.A. Translation: There are only three drive by shootings per week now, down from five.
LA SUCKS!
made me laugh so hard
$1 million for that house in LA is straight up fuckin robbery!
If you cant afford it then u are out fool.
no it's a steal
Stop fuckin cursing
@@quakeroats5446 lmaooo
in Santa Barbara- it's a million for a fixer upper!
* has a million dollars *
California: a shed take it or leave it
😂
Depends of location
Very true
He hates LA 😂 u can get a mini mansion at Beverly Hills or sum
front door homeless and poop included
Imagine paying a million dollars for a two bedroom apartment, having to pay $22k a year in taxes, who know how much on HOA fees and still not having your own washing machine.
tbh id rather have that than be in the small boring cities or suburban sprawl such as houston. i know what you mean tho, i feel like the one in chicago was kind of a compromise. NY is hella expensive.
Hey , One thing I didn't understand, could you please tell me " do you have to pay those $22k per year in addition to a million ? , If yes , for what ? , please tell !
@@SomeDSquares I suppose it depends on what stage of life you are in. Personally, I like living in the burbs 15 minutes from downtown and not having someone pissing in my doorstep. Have a nice big back yard and no HOA fees.
@@SomeDSquares Houston is not well designed and proned to flooding
Plus loan interest. It's insane.
Hope whoever is reading this accomplishes financial FREEDOM, wealth, and is blessed with true happiness!
Amen brother, wish you same
To you lol
Same to you
Right back at you 🙏🏽🙌🏾
Amen 🙏🏿...you too
And this is why I love the internet, thanks for this
That's what we are here for!
@@Therichest america = united states
dude you sound like such a boomer
@@kunaldahiya310 I like informative videos.
@@sameerhinduja7357 where did u buy
LOVE the view from the 1m$ apartment's gym in NYC - didn't know you can see Dubai's Burj al Arab from there! So cool!
I was like the looks familiar lol
@Repent! see I wanna believe praying does things but all these horrible things happen to innocent people constantly so idk.
@@gokushkameha-ha-ha9344 I actually suggest you do some research on that because it is so much more complex than that
Repent! Yes
😂👍
The LA fixer upper had my mouth on the floor…ain’t no way😅😅😅
Yeah that was crazy. If I’m paying a million plus I’m not trying to fix shit.
Good thing he didn’t show you what one in Silicon Valley will look like
There’s way better houses than that in CA (LA area even) for under a million this dude just a hater
another fixer in Walnut Creek, CA just sold for $1mill. crazyy
Not crazy considering how much profit can be made. You buy for $1M and sell for $10M after a $5M renovation.
Hey whoever that is listening and reading this your days will be filled with great joy and love enjoy your quarantined be blessed
Need a part two with a lot more mid-west towns of all sizes.
It'll get redundant, I think Indianapolis was a good example of most
I'd rather buy a house in a country with no property taxes.
No property taxes you dreamin🤣
@@wuzzleone dude get this these country’s don’t I’m surprised Bahrain Cayman Islands Cook Islands Dominica Faroe Islands Fiji Israel Kenya Kuwait Liechtenstein Malta Monaco Mauritania Namibia Norfolk Island Oman Qatar Saudi Arabia Seychelles Sri Lanka Turks and Caicos Islands United Arab Emirates
@@wuzzleone Do your research. 🤣🤣🤣
Oh I thought u meant the United States can't escape taxes here
I'll definitely will research other countries
I have a mansion in Romania and it only costs me about 300 euros (350-400 dollars) a year in taxes. And the cost of life is very low compared to the US, especially when it comes down to health care and facilities (water, electricity, natural gas, etc). And to the surprise of many, I can ensure you there is everything you need and more in this country - from IPhones to cars, you can get the same things here than in the US, and even better sometimes since unlike in the US, a lot of European made products can be found. And pretty much everybody knows English.
It is true that the average wage in the US is around 50k a year, while in Romania it is only the equivalent of around 20k, but there are sectors which pay as much as in the US if not more (IT, certain fields of pharmaceutics, insurance, banking, etc). And with the online trend spreading more and more, I am for example earning my wage in Switzerland, while working from home in Romania and enjoying a way better lifestyle than most people. In my opinion, as long as there is no attachment to any particular place, people should give such affordable places a try.
my shoes cost more....bruh
@@user-qb7ue4uj6r my home in minnesota is $82k a year in taxes, i own a nearly 8,000 sqft house and my shoes are the travis scott jordans, idk its the fragment x whatever its called. Brown, blue and white color.
Rest of the houses: literally mansions
L.A house:Franklin's old safe house
but you're in LOS ANGELES its all about location ... I wouldn't leave California for any other state IDGF how much cheaper a home is cheap comes with BORING...
@@bmgvids Good, there are already too many Californians flooding my state driving up taxes as it is
(I'm half joking)
When did a house that's 5,000 square feet or less become a mansion? People in real estate use the words Mansion or estate so loosely. To me a "mansion" is a 10,000 sqft plus house that sits on a decent amount of land and has all the amenities. And an estate would be more along the lines of a house that sits behind large private gates with a long driveway leading up to a huge towering house that sits on several acres of land that looks like a golf course / upscale country club set up. Not a small old outdated 3,000 sqft house or an old small apartment.
By definition its greater than 6000-7000 square feet. 10k square feet is ridiculously huge
@@prolificgroup9182 It is actually anything over 8,000 ft.²
Mansion to me is 100 rooms with 3 golf courses and own shopping complex. Plus dock for 2 yachts and private jet
Because everyone wants to own a "mansion" so real estate brokers have been lowering the standards of the term to try to sell more houses that are just below actual mansions
by definition near or above 1million usd, which in other countries 1 million usd outside usa enough to build incredibly 20k square feet house.
The house in LA: a broken home
Me who already knows basic but good interior design: *nothing a bit of IKEA shopping can’t fix!*
Literally clicked the video saying “If Indy is on here, it’s going to be a mansion.”
It’s crazy how far your money goes in Indiana.
It depends where in Indy. greenwood or carmel
It's cheap because.........who wants to live in Indiana?????
@@thereaperzcrew Have you ever lived in Indiana? I’ve lived a lot of places and traveled a ton. Carmel, Indiana would be in my top 10 places to live, easily.
That last home makes me question why someone needs that many fireplaces on just 1 floor alone. Definitely a fixer upper that would need to be gutted.
Same
It looks like a very old house and back then they had a fire place in every room if you were rich enough to heat the entire house
That was my favorite home i would keep it with all the fireplaces lol.
it's an old house that predates modern heating systems. that house is probably better built than any of the other newer ones.
4:06 Phoenix, AZ mansion is just gorgeous!
The only downfall would be the blazing summer heat..
Same with Vegas in the summer
It ain't that bad
same. i would get tired of the heat and I'm extremely happy to live in a place where in the summer its pretty hot but in the winter is pretty cold too. the feeling is so good once you get snow and then once summer comes in.
they didnt say how much the HOA fees were either.
It is that bad. I hate the 8 months a year it’s hot here
Holy Crap! A million in Detroit can really buy you an awesome estate!! I'm keeping that in mind, but that joint in Indianapolis is AMAZING!!! So much for a great price!!
$1M in Knoxville TN and you can buy ten homes. Rent out 9 and your set for life.
Moved from San Jose to Waterloo, IA. Bought a 3k sqft hours for under 300k. Comparable house would be 3 million in our old neighborhood. House has already appreciated 10k in the 6 months we've owned it.
Phoenix, Vegas, Houston, and Indy had fantastic deals
I've gone apartment hunting in Manhattan and there's no way you get a crib like that -- with a balcony and a nice view -- for a million. Most million-dollar apartments are crappy one-bedrooms with terrible vis-à-vis. Price per square foot in Manhattan is way more expensive than L.A.
I plan on spending 500k in Texas and getting myself a mansion of a house!
But then you live in Texas 😂😅
who the hell wanna live in texas? lmao
@@seoljipark7531 About 29 MM people plus everyone moving there from California.
@@seoljipark7531 don’t worry the majority of people in the world agree 😂😭
Great tour!
Many welcoming homes.
I can't help but point out every section of the continental US was shown, except for the PNW.
I would love to see one of these videos about different countries. Maybe you can do the most expensive city in the country or the capital city.
Absolutely. Show what you'd get in the UK, Australia, Canada, NZ, and European cities. And do not just lazily pick one capital tourist city, but show the full range.
@@TiffyVella1 The full range is important. You could pay 1 million for a house in LA and get a crumby one, or a really nice one - depending on the location within LA. I imagine the same goes for all major cities worldwide.
In Dallas I live in a above average neighborhood but we have this section called the “hilltops” and theres a few houses over 1m that are nice 5 bed 2-3 bath houses.
yeah that house they showed in houston was not ideal for texas. you can get a lot more house for 1 mill in texas. that is a 300k home in dallas depending on the neighborhood
@@frognutz0o but Dallas and Houston are way different and I’ve never been or lived in or near Houston so idk too much.
Nashville and Arizona houses are definitely my favorite
In my country, France, for a million dollars I’ll get a 70-90 sq.m. Flat in Paris, Nice or other « expensive » towns, and up to a castle in more remote parts of the country.
This is why I love Tennessee
Me too. Cheap and beautiful!
"Taxes are high at 23,000 a year". Me laughing in New Jersey :)
Exactly on a million dollar home that's literally just 2%. My grandfather is paying 12k on a 200kish house in Paterson,NJ.
for the apartments, condos and gated communities u didn't list hoa condo or coop monthly fees, honesty in some cities thats the difference between a rip off and a steal lol
A million dollars gets you a room in a run down trailer where I live. Always fun to look out my back door to see Austin Martins driving around a trailer park.
No cap!! The Richest is now my favorite vloger!!✌️
I live in the Southeast. I built my house in an Estate neighborhood (15 Houses on 1.5 acre lots) in a 1000 acre wilderness that includes 6 more houses and has a white water river running through it (the river is about 1500 feet from my back door). My house is 3900 sq. ft. 5 bedrooms, 3.5 baths with finished basement and 3 car garage with indoor 14 x 31 workshop. It cost me $150,000.00 to build, is paid for and appraises for $300,000.00
What is your point, you live in a retirement community?
300k for hse alone, or land AND hse? former real estate appraiser wants to know...lolol.
@@mrsteveinsandiego He doesnt even mention what year he built it, absolutely know point to his comment.
This is actually a really good informational video! I am looking to move some place I can get the most space for my money. Plus knowing the property taxes is really good. People loses their property because of property taxes. Thank you for this!
Move to Europe. I live in the Netherlands and have a home with construction we did for about 1.000.000 euro. Got all and more of what they've shown here and property taxes are not even worth mentioning. Go to places like spain or Italy or Portugal etc and you can get such homes for halve the price
Surprised that Los Angeles property taxes were actually quite low
Come to Minnesota. You don’t even need one million to get a crazy nice house!
They should do Canada, will shock people at the size of the 1 car Garage in Vancouver you will get for that
Australia not much better. Recently saw a small 2 bedroom shack sell for 1.8 million AUD just because it was near the beach. After conversion that's about 1.32 million usd
and a broken 1890 house for a million dollars in toronto
These prices mean nothing when you're not including HOA or coop fees.
All depends on where you want to live. As they say - location, location, location. If you want to live here in Silicon Valley with most of the world's top tech companies and perfect weather, then it will cost you
There are now tech companies in Austin and in Utah, and one does not need to pay such outrageous prices for housing. Austin has become expensive, but getting a large home for $300,000 is still quite easy just an hour's drive from the city.
@@geraldmaxwell3277 "just an hour's drive from the city." omg. it's not JUST.
That Cleveland place looks like a fun house
Person who made this video "Find me the shittest LA home that is listed for a million, probably for land value or something that would never have a chance of selling".
I live in a 600sqft apartment in LA and it costs me $2,500 a month
I grew up in Detroit so buying a fixer upper for cheap is a plan, I just hope the city gets a second wind😅
Second last place in Indianopolis is the best IMO. Also, it really says a lot about the mismanagement of Detroit that the taxes there are 3k higher than NYC. That's why the houses are so cheap there too. People have sold houses there for like $1 and no one buys because you'll still lose money on tax.
NY was an apartment. if its a 12 story building, then 12 people are paying taxes for the same square footage of taxable land.
23kx12.... so 276k in taxes for NY vs 26k in taxes in Detroit.
@@onceagain227 Ok, fair point but what I said is still true, you can compare Detroit to some of the other places here that weren't apartments and it's much higher than avg.
With 1 million , you can enjoy an NYC apartment with incredible views of the buildings where REAL rich people live.
That Vegas spot is considered a mansion? Very nice, but what makes a place a mansion these days? Looks like more cookie cutter houses with no space, crowded next to your neighbors.
the word "mansion" was really just thrown around in this video with no care whatsoever.
Houses shown in Nashville and Arizona are bigger and less expensive when compared with houses of same size in Bangalore.
That’s because American houses are made of cheap materials and aren’t very well made. The buildings aren’t very strong.
Damn USA got some fiery propertytaxes
Kansas City here can find you a $1M home (new construction) with 5br 5ba 3 car garage, deck, and about $13K/ year in taxes. I wouldn't call it a mansion, but a large house in an upscale neighborhood.
In 2020 my parents sold their DC home for around 3 million.
They moved to a house ranch in MD that thay got for under 2 million with 27acrs. It was a great move on there part.
My Aunt moved into a West Los Angeles home in 1994 for $375k, now the house is running for $2.5M.
my mum bought loads of property for cheap now its worth 4-5 million dollars
Why biden sux?
@@BitterTruth-me1nl
Why, what?
The US property tax system is insane!
Why would you show a condo in NYC, SF, Chicago & Miami then show a dump of a house in LA. You can get a very nice (better) condo in LA for $1 Million.
The Problem is right in your comment. WHY does a condo cost that much to begin with... I dont GIVE A F about the location. I am not paying more than a property is worth, and LOCATION should NOT be included in the value of a property. Especially when i can go to the bahamas or st martin and get a TROPICAL VIEW And practically hand them LINT for it
Lol exactly my point. Hating on California gets the views tho
Way cheaper to get a condo in either place verses LA
@@brandonsavio6446 In real estate the axiom is location, location, location. The dirt/land is a substantial cost of the total cost of a house. In LA, San Fran, NYC, Boston, etc land is much more expensive because the total population is higher, so more people want that same piece of land. It's not like out in BFE Nebraska where no one wants to live. Or even in the Bahamas, or St. Martin where people don't work. People actually go to work in LA, NYC, Boston, San Fran, etc.
video: "massive back yard"
me living in the country: " I don’t know about that"
Buying that house in LA is like buying a full PC for $2500 just for the RTX 3080 inside of it.
Am I the only one speechless for how crazy high are property taxes there? I had no idea, are they so high in all of the US?
i would definitely buy the miami condo
The yearly tax's scared me
I live in an almost identical place in the same neighborhood in New York, but mine is worth a little more, this really made me wonder about where else I could live and be happy...the Miami place, wooow...but it's not as solid a real estate market as manhattan
Dude do you really pay that much a year for taxes?
I think home prices across the US is subjective. Every state, every county is its own local economy. The reason why parts of the country have high prices is influenced by first supply and demand. If ppl want it, prices will stay high. Secondly, cities pay higher per capita for the same job versus a place that is rural. So while it may seem great to own a million dollar house on a farm in say Kentucky, you’re not going to have your high city salary to come with you. Now with the pandemic, this changed the game, ppl work remotely. In the interim, houses in rural cheap parts of America is great, however, if companies begin to pay you based on the rate scale in the state you ACtUAlly reside in, then you’re going to have a lower salary. For now with the pandemic, this isn’t happening but I do see this happening with companies looking to get a profit and consider salary adjustment fair when the pandemic settles down and we will all be in a rude awakening about macro economics and how the forces of economics work.
If I’m paying a million for something. There’s no way in hell it’s going to be a “fixer upper”
I feel that but at the same time it could be worth 2-2.5 mill after you fix it.
@@DjR3aper. Maybe so, you have a point.
Too bad I don’t get to play with big numbers like that
I've an aunt and uncle 8 minutes away here in Indiana living in a (long since paid) 2 bed/1½ bath and modernized electric whatnots, heat/air system tuned every 12 months, remodeled flooring, adequate lawn and a 2-car garage. $800/year for tax. That's all most of us need ~ 4 walls and a roof.
Granted, if your the party goer then space is something to seek. When I drove for Amazon I've seen the most run down trailer trash slums and the most pristine mansions with green grass in the winter. Rich people tend to be very nice. I'll never forget the lady who offered me a tray of peppermint chocolate cookies out of the oven when I came around in the circle. :)
Gotta love after you own your house you still owe somebody money for it every year
As far as mortgage is concerend: You're not paying money on the house, you're paying money on the debt required to buy the house.
@@siddharthmohanty5731 he means taxes
@@jayj3000 IK thats why I said "as far as mortgage is concerned"
Isn't the tax too much?
In Korea my house is about 1m dollars and the tax is under 1000 dollars.
:c America sucks
My house is around 1m usd and tax is around 100 usd. Real estate is expensive relative to income, but property taxes are almost non-existent in Czech republic.
One reason Detroit's prices were so low in 2020 could be all the $1,000 houses for sale on Zillow. They would be filled with trash and have boarded up windows, but I think a bank or organization was probably trying to revitalize the neighborhoods. Now with the housing market I couldn't find any when I looked.
The forgot to mention the monthly HOA and the size of the lots for the single family homes.
I'm from Ireland u don't pay house tax here so in USA you never really own your home so weird
so true you own nothing! Simple and plain doesn't matter whether your house is paid off or not if you don't pay that property tax your ass is out!
@@mjey1 That's what they tell you
I’m from Sydney and a million us dollars gets you an ordinary family home.
On your way out of L.A. you can stop for a quick gas fill up for $7.99😂
California: Don't complain, you get free good weather
3:56 That RUclips family "Tic tac Toy" moved there!
“Infamous” isn’t a “good” word. It means “bad reputation”.
@Luyema Tlhame yes it does
@Luyema Tlhame
in·fa·mous
/ˈinfəməs/
adjective
well known for some bad quality or deed.
"an infamous war criminal"
@Luyema Tlhame criminal’s & gangsters can be “well known” , take the Chicago mobsters for example, back then they were “notorious” for their bad deeds & violence
Can confirm outrageously high prices for real estate in L.A. I live in a semi-ghettoey L.A. neighborhood that’s marching towards gentrification. Two
Okay all jokes aside but that house in Indianapolis is fire. Would be better if it was up a mountain in Vermont tho.
$1 Million buys you...
Montana: 40 arch 5 bedroom mansion in the hills.
Manhattan: A van, down by the river.
I dont get that LA home. I've done $1 million dollar open home tours in upcoming areas , every house is completely gutted and renovated with a mod look of a craftsman bungalows or Spanish look to bungalows. I've never seen a home that has not been fixed up for that price In any gentrifying area. Most likely land lot is large for a multi home lot, like 3 apartments or its surrounded by mcmansions
Interesting topic! If you buy a $1 million house in California, property taxes are going to be closer to $13,000 per year. Property taxes are limited to an increase of 2% a year. So , someone who bought years ago could be paying $7,000. Many upscale neighborhoods are older neighborhoods (1940's - 1960's) in the most valuable areas. The houses on them are fixer uppers or teardowns, but the property itself is extremely valuable. So you can buy a McMansion in some nondescript Planned Urban Development or a house in a very tony neighborhood that you are going to tear down for the same money.
Please make a video related to Small towns in America. We always watch Big cities in movies, but I'm really Intrested in small towns.
Don't forget the tax rate in TX for that home (sometimes up to 3-4%!!!), and the weather in AZ that will fry you dead most of the year for your $1M. And Detroit did not seem to be quite a low-crime-area in the last 10 years or so. Other than that, yeah, there are some nice places in USA that have awesome price/quality ratio
Does that mean the natives of Arizona were banished there and unable to reach a more comfortable place to live, or did they at least migrate like birds or whatever? It's impossible to assume they forgot where to go for more comfortable weather, so I guess they were just waiting on people to get released from jail or something. Can you help me form a less childish and more acceptable generalization?
@@WellBehavedForeigner people are different. I have friends who LOVE being fried under the sun. If they are given the choice of a mild climate, or desert - they'll choose the hot place. Some people live on Alaska and think it's the best place to live. But it does not change the fact that AZ is a super hot place - there are times when AIRPLANES ARE NOT TAKING OFF because of the temperature, and flights are cancelled.
Some people like the desert ¯\_(ツ)_/¯
I was hoping they would show a million dollar house in Nebraska.
That is literally the ugliest house y’all could’ve picked out of Atlanta. There’s so many other options that are so much better 😂
Like Buckhead isn't a thing
Ya they did Houston dirty too lol
Houston and Atlanta have some of the best bang for buck million dollar homes, I agree that part of the video was a let down.
Chilling in a 4 bed 4 bath in Iowa for 420k on 2 acres. Love that cost of living.
You’re smarter than most…
I love how much sarcasm was thrown at LA home haha
In CA, 1m can get you 2,000 square feet of property, and in CT 1m can get you a 7,000 square foot home with 2 acres of land
Seems to fit in line with the point this video makes, which is the further you get from anywhere interesting, the cheaper things get. And CT isn't so cheap either if you're in say Greenwich and close enough to just drive to New York in an hour
Vegas and Indianapolis seem like by far the best values.
Can someone enlighten me, being from the UK you don't have to pay a yearly tax, how come Americans do? What does it pay for?
This would specifically be property tax. It goes towards education, public libraries, parks etc. it’s part of the problem with how we fund a lot of public commodities in this country. Imaginary ‘districts’ are drawn on a map, and the people’s taxes within these gerrymandered ‘districts’ are how schools and public utilities are funded within their boundary lines. It’s why you see such a drastic level in difference in quality between say a school in the south of Chicago vs a school somewhere in the suburbs not 20 kilometers away. Because the amount of money provided to the school is drastically different based on the amount of money gathered within these boundaries. There’s a lot more to it than that of course, I’m just scratching the surface here. And I strayed from your question and got political, sorry about that.
Man, I was planning on moving to Boston. The house prices aren't gonna stop me but goddamn are they a pain. Then again, that's probably only in the city of Boston itself. I reckon $1mil could probably get you something really really big in somewhere like Lexington or Newton, which are suburbs of Boston
The Richest is definitely the best. This video is CRAZY!!! No regrets on subscribing to them!
They keep da puters puting! lol
@@SideHustleInspiration Yessirrr
Also don't forget the clean air in Nashville
Prices aren’t crazy, taxes are.
try searching what $1 million dollars can get you in Vancouver. BC. Canada.
I live in Nashville, That house is significantly more than 1 Million. A 1,300 sq ft house in Nashville is about $800,000 depending on where you are.
Anybody else just want to live in a run down shack in the woods or desert? That's all I want! Or an Oklahoma ranch...that would be nice as well
Thank you! Love the laughs😃
I love the one in Las Vegas.Looks so lit
It's interesting how the biggest difference between all these homes are the property taxes!
This video is a perfect example why it will never make since for anyone to live anywhere.. where they end up getting less for more!!!
Detroit I would live there all day looking at la looks like it came out of a dump(great vid)
the 1,000 sqft. 3 bedroom, 1 bath house in a modest middle class neighborhood I grew up in North Long Beach, California just sold for $500,000.00
I bought a 1,700 sqft house with 4 bedrooms, 2 full baths and a 1/2 bath in a modest middle class neighborhood in Kansas City, Kansas for $128,000.00