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ShannonG
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 Posted: 03/08/04 - 19:27 Post subject: I'm sitting on a gold mine
Housing prices here have appreciated 21% since last January. This is the fastest appreciating market in Canada. The average price of a home here is $250k. I paid $132k five years ago for this place. 
I would hate to be a first time buyer in this market. 
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Cappy
Excelent
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Joined: 16 May 2002
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Location: Spreadsheetylvania
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Posted: 03/08/04 - 19:35 Post subject:
The interest rates here in the states are extremely low. A record number of people are buying houses.
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ShannonG
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Posted: 03/08/04 - 19:40 Post subject:
| Cappy wrote: | | The interest rates here in the states are extremely low. A record number of people are buying houses. |
Interest rates here are low too, but a quarter million for your first home? That's got to be daunting. If we sold, we couldn't afford to buy something bigger and better, even with the money we'd make.
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Cappy
Excelent
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Joined: 16 May 2002
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Location: Spreadsheetylvania
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Posted: 03/08/04 - 19:44 Post subject:
| ShannonG wrote: | | Cappy wrote: | | The interest rates here in the states are extremely low. A record number of people are buying houses. |
Interest rates here are low too, but a quarter million for your first home? That's got to be daunting. If we sold, we couldn't afford to buy something bigger and better, even with the money we'd make. |
You need to take into account the exchange rate too.
US$250,000.00=C$329,497.85
C$250,000=US$189,693.84
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ShannonG
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Posted: 03/08/04 - 19:46 Post subject:
| Cappy wrote: |
US$250,000.00=C$329,497.85
C$250,000=US$189,693.84 |
I'm not sure you can factor in the exchange since they people living here and buying here are earning in Canadian $$$. A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries?
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elkid
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Joined: 18 Nov 2002
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Location: hiding out in Philly
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Posted: 03/08/04 - 20:09 Post subject:
| ShannonG wrote: | | A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
Those are crappy salaries. You need to move to the US.
I don't think $189K US is unreasonable for a first home. At least, not in my area.
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ShannonG
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Posted: 03/08/04 - 20:25 Post subject:
| elkid wrote: | | ShannonG wrote: | | A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
Those are crappy salaries. You need to move to the US.
I don't think $189K US is unreasonable for a first home. At least, not in my area. |
See, this is my point. Inflated housing prices and low incomes do not a happy mixture make.
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MechEngDropout
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Joined: 27 Jun 2003
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Location: Off the grid
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Posted: 03/08/04 - 21:15 Post subject:
| elkid wrote: | | ShannonG wrote: | | A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
Those are crappy salaries. You need to move to the US.
I don't think $189K US is unreasonable for a first home. At least, not in my area. |
$189K around here would buy a NICE house.
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bburgoyne26
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Joined: 16 Sep 2003
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Location: Ft. Worth, Texas
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Posted: 03/09/04 - 00:39 Post subject:
| MechEngDropout wrote: | | elkid wrote: | | ShannonG wrote: | | A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
Those are crappy salaries. You need to move to the US.
I don't think $189K US is unreasonable for a first home. At least, not in my area. |
$189K around here would buy a NICE house. |
It sure would!....I know a custom home builder in Baton Rouge.....
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copteacher
Adjunct
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Joined: 08 Jun 2002
Posts: 20588
Location: Teaching in the Halls of Justice
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Posted: 03/09/04 - 09:02 Post subject:
| ShannonG wrote: | | Cappy wrote: |
US$250,000.00=C$329,497.85
C$250,000=US$189,693.84 |
I'm not sure you can factor in the exchange since they people living here and buying here are earning in Canadian $$$. A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
teachers start here at 35k max out at 75+ depending on degrees
nurses here start at around 45k and depending on level of experience 60+ and that is not factoring in ot
nurses here right out of school can make a load of money.
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 03/09/04 - 11:00 Post subject:
| rtpd113 wrote: | | teachers start here at 35k max out at 75+ depending on degrees. |
I'd quote teacher salaries here in the rural Midwest, but Coach doesn't need a gut check in the middle of the Pugsley campaign 
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coachmarkos
my boys could swim
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Joined: 14 May 2002
Posts: 11387
Location: 1st in AFC West
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Posted: 03/09/04 - 11:06 Post subject:
| jrjo wrote: | | rtpd113 wrote: | | teachers start here at 35k max out at 75+ depending on degrees. |
I'd quote teacher salaries here in the rural Midwest, but Coach doesn't need a gut check in the middle of the Pugsley campaign |
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keltic63
the kilted one
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Joined: 17 May 2002
Posts: 8574
Location: under the weather
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Posted: 03/09/04 - 11:15 Post subject:
| elkid wrote: | | ShannonG wrote: | | A nurse here with top level seniority makes $45,000. Teachers start at $36,000, and max out at about $45,000/year. How does this compare to American salaries? |
Those are crappy salaries. You need to move to the US.
I don't think $189K US is unreasonable for a first home. At least, not in my area. |
I just did a quick search for a starter type house in this area. I found one in my parents' neighborhood: 3 br, 2 baths, $48,900
nice house on the same road as one of my schools (better neighborhood) split-entry, hardwood floors, etc. 3 br, 2 baths= $125,000
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