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Old 01-29-2008, 11:01 AM   #1
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Buying a house

Ok guys. Im not buying one yet because i dont even own my own car yet and im not married BUT hopefully in the next 1.5 years i will be in the market for a house. I have decided that where i live (draper utah), there is no possible way to afford it and i seriously dont know how people can afford living in my town.

Right now 85% are over 1.2 million dollars. the average is 2 million. If i go farther west the homes are an average of 1 million and some are 6-7 hundred thousand. Park City is totally not an option. I can go South but then there is nothing there and i mean nothing. I just find it so discouraging when i see a normal house go for like 700,000$

Is any one else's area like this. it just seems way over priced. ill post some pics of what i mean.

these are pics of my cousins neighbors house. the sad thing is, all the houses are like this. they think they live on a gold mine here in utah.

http://www.devahomes.com/pics/IMG_1089.jpg
http://www.devahomes.com/pics/IMG_1107.jpg
http://www.devahomes.com/pics/IMG_1104.jpg

ok those above pics are the kitchen and what not. those are the like way uber homes that are way out of my league. the area is called sun crest because its on top of a mountain. they have snow in the summer sometimes because they are so high. form my house to there takes me about 20 minutes, same zip code to. its an ant hill.

the bellow pics are the normal everyday house out here but they still want 700,000 to over 1 mill for. and they are west of me.

http://www.monarch-interiors.com/images/IMGP3384-A.jpg
http://oldsite.helpusell.com/images/.../117797119.jpg

here is the thing that bugs me. my house right now is only 3 bedrooms and 1 bath. the house was built in 1940 and is only 1100 sq feet and they want over 310,000$ for it. thats ridiculous. I live in the old school part of Draper. the once so called "farm" land. we used to raise chickens and all that good stuff out here. now its all homes. i dont mind that its all houses but the price they are charging is ridiculous Im just wondering how people my age or anyone for that matter can afford living. I think its way to overrated, out here that is. I probably would think defernetly if i was older and had a carer. but since im a noob at all this, its crazy what people my age trying to start a life are going to go through to get it. Not just here in Utah but all over. Oh and on top of housing, rising gas prices and food prices.

I just hope that by the time i need to buy a house (which i hope is in a couple of years or so) that the market is a lil better.

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Old 01-29-2008, 11:06 AM   #2
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That's pretty expensive for a "fly over state"
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Old 01-29-2008, 11:07 AM   #3
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Ok LT, what would be your price range, considering affordable monthly payment, realestate taxes if any and home owners insurance?
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Old 01-29-2008, 11:08 AM   #4
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That's pretty expensive for a "fly over state"
BINGO. i mean i love this place because of snow and summer but not for the price.
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Old 01-29-2008, 11:15 AM   #5
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Ok LT, what would be your price range, considering affordable monthly payment, realestate taxes if any and home owners insurance?
ok to ME and this is just me because i have no exp in the home market, but to me a affordable home would be something like

300,000$ for at least 5 bedrooms and 2 baths. Modest and well taken care of. Nice living room and kitchen. Monthly payment i have no idea.. lol. i would go possibly with nation wide for insurance but i dont know how much that is.
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Old 01-29-2008, 11:16 AM   #6
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BINGO. i mean i love this place because of snow and summer but not for the price.
An item is only worth what someone will pay for it.

Never look at the asking price. Call a realtor and have them fax/email/mail you "Comps" - comparable houses that sold. These will show you what the seller listed the home at and what price the two parties agreed on. That will be the true market value.

Good luck! Owning a home is awesome. I can do whatever the ________ I want. Plus, real estate values always go up.
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Old 01-29-2008, 11:17 AM   #7
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Why do you want to stay in Draper? Do you work out there?

I know out where I am the prices are a little different but I can get a 5 acre lot 3k - 4k sq. ft. for 300k - 400k depending on builder.
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Old 01-29-2008, 11:19 AM   #8
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ok to ME and this is just me because i have no exp in the home market, but to me a affordable home would be something like

300,000$ for at least 5 bedrooms and 2 baths. Modest and well taken care of. Nice living room and kitchen. Monthly payment i have no idea.. lol. i would go possibly with nation wide for insurance but i dont know how much that is.
Here is one in your price range, I used to live down the street from this house. If you are familiar with Dan the Maytag man, this was his house, he had the addition done. Utah Real Estate - Your One Stop Source for Searching Real Estate in Utah
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Old 01-29-2008, 11:20 AM   #9
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Originally Posted by Jeekinz View Post
An item is only worth what someone will pay for it.

Never look at the asking price. Call a realtor and have them fax/email/mail you "Comps" - comparable houses that sold. These will show you what the seller listed the home at and what price the two parties agreed on.

Good luck! Owning a home is awesome. I can do whatever the ________ I want.
hmm thats a good idea. i know with my friends house that was 2100 sq feet they asked 500,000$ and got 479,000$. so they did pretty well but thats alot of money for a 2100 sq foot home with 4 bedrooms and 2 baths
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Old 01-29-2008, 11:22 AM   #10
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Here is one in your price range, I used to live down the street from this house. If you are familiar with Dan the Maytag man, this was his house, he had the addition done. Utah Real Estate - Your One Stop Source for Searching Real Estate in Utah
sweet NAChef i was hoping i would catch you on this subject. maybe im lookin in the wrong places but Draper sucks. ok sucks as in price. Heriman is getting just as bad. Have you been out there lately. its amazing how many live out there now. That house in salt lake aint to bad. I would paint it a different color though. What about Murry OR i could move outside of Utah but then i cant snowboard. lol.
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