The housing market is so insane. It always makes me laugh when I hear Americans complaining (not saying you are complaining, just saying) that house prices are so expensive. You couldn't buy a studio apartment in Vancouver for less than $600,000. I'm currently staying with my parents in a tiny town in the canadian rockies literally at the end of the road (the highway becomes a dirt road into nowhere at the edge of town) the population is something like 2,500, and their 5 bedroom split level home built in the 60s and in need of general renos including new windows and full exterior siding is worth something like $350,000. The majority of young Canadians have no concept of ever owning a property, because it's nearly impossible here. Thankfully my wife holds an EU citizenship, so we have the potential one day to maybe buy a place in Portugal or maybe Italy. You can find a livable apartment, or small home in middle of nowhere Portugal for €50,000. You can still find a fixer upper apartment in a mid size town for €100,000. Plus cost of living in Portugal is way lower than America or Canada, but the energy costs are literally skyrocketing right now.
You are viewing a single comment's thread from:
I'm just surprised the premise of cheap houses in one horse towns doesn't exist in Canada as well. I have looked at different property values up there and it is insane. In Indiana and other MidWest states there are various rehab projects someone could take on. Former meth labs or neglected properties.
Tons of work and a major headache but this stuff does exist and I'm surprised it doesn't really seem to exist as much in Canada.
https://www.zillow.com/homedetails/962-S-Shank-St-Portland-IN-47371/85416608_zpid/
That being said while I think there is a little bit of value that remains in smaller towns in the US I think the Italy, Portugal, Montenegro play makes more sense.