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Colossal Castle or Humble Home?

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Colossal Castle or Humble Home?
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submitted by: lovers007
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It all goes back to the three rules of real estate: Location, location, location.
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Hits: 15008 | Favorites: 19 | Emailed: 13 | Rating: 2.8 | Category: News & Politics | Date: 05/08/2008
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Male, 18-29, Asia
 4753 Posts
Saturday, May 10, 2008 12:01:32 AM
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

Male, 18-29, Western US
 779 Posts
Friday, May 9, 2008 8:35:01 PM
Ukraine, ho!

Male, 18-29, Southern US
 8111 Posts
Friday, May 9, 2008 4:46:49 PM
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

Male, 18-29, Asia
 598 Posts
Friday, May 9, 2008 4:45:55 PM
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 ?

Male, 13-17, Western US
 1044 Posts
Friday, May 9, 2008 3:08:47 PM
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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