Colossal Castle or Humble Home?

Submitted by: lovers007 8 years ago
http://www.divinecaroline.com/article/22297/49153-colossal-castle-humble-home--price

It all goes back to the three rules of real estate: Location, location, location.
There are 50 comments:
Male 4,547
Erm, not neccessarily lower prices = lower wages.

The UAE has a higher GDP per capita than the USA. (Although admittedly now the housing prices are up too).

That however is also due to the fact that the UAE dirham is pegged to the dollar. (If it goes down, so does the dirham, and it really has been going down).

How much people make in the world

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Male 777
Ukraine, ho!
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Male 7,933
Yeah its all about location. Once again people are taking commute time into the equation. I would rather have a box in times square than a castle in Mexico. Its all about location, not the actual house. As people have said lower price = lower wage
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Male 591
they are comparing in city houses to houses out in open country, where i live ~washington state usa~ 500k will get you houses about the size of those in the picture with land farther then you can see. There is a hockey player that lives on the MOUNTAIN beside our city, basically owns the entire mountain, has an olympic pool, hockey rink, full size basketball court, more rooms then most people can count, as well as owning half the entire mountain for only 2 million dollars. So ya, compare areas to areas, how much does a house in Rome, or Paris cities cost, like inside the city ?
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Male 425
Lower prices = lower wages

Sure you could live in a castle in South Africa but you`ll still have to work in California/New York/etc. Either that or you`ll have to be rich. Maybe if you bought such property outright you could afford taxes and whatnot, but there`s a reason why you don`t see people moving from apartments into castles very often.

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Male 145
south africa dont sound bad
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Female 229
If I can only get my dad to put the house in my name... I can buy a castle.

This is going to take a lot of convincing.

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Male 10,440
0.03 acres? thats 120 square meters of lot. Thats just over 1 are. I could cover that with a newspaper...
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Male 10,440
GurnBlanston > ROFL!!

reminds me of my shed.
Prices are out of controll... I don`t know what I`ll do about it.

I`d sell my soul for a castle.

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Male 358
GurnBlanston- What?!

OMG, That shack would barely fetch $20k out in the country. 560 sq ft?! That`s smaller than my patio!

$650k could get you a 5,500-7,000 sq ft house in the Catskills- with a VIEW!

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Female 2,258
I might not like it a whole lot up here, but I am glad my boyfriend and I moved to Maine. It`s really cheap to get into a house around here, and most of the homes could be fixed up just a little to make a major profit.
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Male 4,014
And seriously, who WANTS to live in the Dominican Republic??
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Male 247
San Diego:
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Female 924
well, it`s nice that you can buy a castle for $500,000 in some parts of the world - but first you need to have those $500,000 (plus some more for maintenance etc.)
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Male 358
Our next purchase is going to be 50+ acres in the country... with a house built in the MIDDLE.

Maybe even a moat.... *grin*

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Male 2,159
It`s a castle every time - besides, those American not-quite-houses looked way overpriced compared to those awesome looking super-homes.

Ah well, to use a crappy saying, a man`s home is his castle.

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Male 10,440
wow. I want a castle bad. Comes with suits of armor too! Comes with a turret! And battlements! Wow. I`m surprised those castles sell so cheaply.
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Male 358
You said it. Our taxes DOUBLED in 4 years.

If that wasn`t enough, we`ve got a bunch of old ladies around here telling everyone when to cut their grass, and how to decorate their houses.

Ooo-ooh the looks they give you if a dandelion pops up in your yard!

*shudder*

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Female 380
Thats it! Im moving out of Albany and going to france! I want a maid! I want a view of some large and beautiful body of water! I want to have a water fountain in my driveway! Accross the street from me I have a bunch of houses that only have three bedrooms, a .30 ackers of land, a neighborhood "lawn" restriction, and over 7,000 dollars in land/school tax!!!!
*baddog says as she stopms her feet and pounds her hands on the desk*
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Male 474
"Seeing as we have different types of currency, and most of the places they were looking at we get more money for one dollar, this isn`t too accurate."

WTF!? France and Italy use the Euro, 1 US dollar is worth 1/2 a Euro... how is that MORE? Yes the Rand is worth a dime in the US, but im sure the conversion cost was added in. 500k US would = 5Mil Rand, that sounds about right for a castle...

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Male 180
Seeing as we have different types of currency, and most of the places they were looking at we get more money for one dollar, this isn`t too accurate.
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Female 311
michris - I think that was kind of the point. It was saying look how ridiculous the pricing in some parts of America is compared to other places.

Britain is exactly the same, huge amounts of money to live in a box.

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Female 465
I used to live in South Africa... smallest house you`re likely to find there (if you move from the States or Western Europe) is 5 huge bedrooms, with swimming pool, massive living room and kitchen, big garden... it`s hard to find anything normal. Oh and no two houses look the same, either.
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Male 203
You can`t really compare prices here. Land in the city will always be more expensive. Add Income differences in these countries and I think it pretty much evens it out.
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Female 204
thats it!...i`m off to south africa
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Male 4,547
FYI.

I had a flat near High Street Kensington. Studio (No bedroom, just sitting room, bathroom, kitchen).

It was worth just under $500`000.
My parents place was a 6 bedroom, 2 living room, 2 dining room, maid room, 9 bathroom, pool, 20`000 sq foot garden, etc in Dubai for the same price.

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Male 358
I KNOW!
I own a 4 bed/ 1.5 bath home in suburban NY. I recently found a 6 bed/ 3.5 bath with marble sills, marble foyer, a FIVE-car garage, a three-story rock climbing wall and 1,400 MORE sq ft than my house out in the country for $30,000 LESS than what I spent here! GAAAAH!!!
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Female 242
they should`ve done a comparison for san diego too. sucks how san diego is ALWAYS overlooked because of LA & San Fran.
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Male 12,365
You`d have to work and spectacularly cheap housing occurs in areas with spectacularly low wages.

Maintainance costs on castles with grounds are huge.

You`d need to employ staff for the larger places and land.

So it isn`t just the initial cost. You still need to be quite seriously rich.

Besides, I bet you could buy something impressive for the same price in some parts of the USA.

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Male 490
Makes San Diego seem cheap compared to San Francisco. Odd.

Anyway, if you`re not into exotic locales in the middle of nowhere, check out Moscow. It`s getting expensive now, but when I left, we sold a 3 bedroom near a park and subway in a 10 year old building for just over $50,000. Chump change, considering today it`s worth over $300,000.

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Female 920
"sooo do people who submit stuff just jack stuff from Digg?"

do you not understand the concept of IAB? this site is a collection of stuff from other sites, therefore people don`t have to go from one website, to another, to another. The whole point of this website is to "jack stuff" (as you said) from other sites.

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Male 280
Personally I would like my own little island somewhere.
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Female 296
sooo do people who submit stuff just jack stuff from Digg?
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Male 123
Note about france: 2 months paid vacation per year, Need I say more?

It`s simple for me
If Mccain gets elected: Hello france, goodbye once-free country.

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Female 250
hmmmm (thinking of moving to south afric, i always wanted a castle)
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Female 920
"Who`s moving to Italy with me?!?!"

I will.

did you notice though, they used some of the most expensive places in the US--California, New York, and Massachusetts(sp?). All 3 of them from what I know have high priced crap housing.

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Female 447
A castle for half a million! No...way...
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Female 1,566
Right so. I`m moving to South Africa and buying me some lake-front castle property. With a golf course. !!
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Female 1,427
I`ve already told hundreds of people that someday I shall live in Mexico. And the article explains exactly why.

... and none of my friends believed you can get so much until I showed them that link. XD

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Female 427
Dude. I can sell my townhouse and buy a castle!
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Male 80
Well now I know where I`m going to spend my 1.8 million. Thanks i-a-b!
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Female 192
I`d take the castle any day. That castle in South Africa looked like the house of my dreams. :-D
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Male 342
Damn time to get a Hacienda en Mexico. It`ll be awesome and I`ll fit in with the folks.
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Female 358
I definately want to move to France now! Especially since I can speak the language. ;D
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Male 7,933
Yeah home. Driving from a remote castle in Mexico to Miami is a bitch.
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Female 377
Castles kind of scare me.
But, damn I`d rather take those.

I`m going to move to France now, I always thought it`d be a lot more expensive.
poo, instead of living in this condo right now I could be living in a castle for just 50,000 more.

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Male 608
^^ i`ll go!
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Female 125
Who`s moving to Italy with me?!?!
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Male 43
Humble home for me.
:)
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Female 678
Castles are bitchin`. I`d live in one over a house any day.
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