Just to let you know how crazy house prices are getting in NZ. This house has been listed in Auckland, in Grey Lynn. It has two small bedrooms. It has no electricity or running water.
This is the kitchen. Looks hygenic!!
Lovely bathroom.
Delightful living room. Apparently all the floor boards are rotten. It comes with built in rodent droppings too.
Now we get that some developer will tear the house down and put up some tiny hipster dwelling for a couple of up and coming professionals.
Want to guess what they think it will make at auction?
Yes it should get upwards on 1 million kiwi dollars !!!
Thats $778,000 USD, or 478,000 pounds sterling.
Crazy.
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My human said some HBO words when she read that price! And we live in Los Angeles, where the real estate prices are higher than most everywhere in the US except for New York and San Francisco.
ReplyDeleteHoly cr*p. I'm used to high prices here too (think Toronto and Vancouver, where you can pay $1M for a tiny condo), but this is ridiculous. Must be the location!
ReplyDeleteMuch the same over here to Poppy!x
ReplyDeleteEspecially in London..Small 12x12 rooms go for 1~2 Million pounds. Garages half million, and the worst thing that go for millions are beach~huts! HaHa! It's all a joke...yet there are people who pay it!
Good luck to them, l say!
That is NUTS!!! Hate to think what a nice house would be going for up there.
ReplyDeletePoppy, dear, here in the American Midwest, 775,000 USD would purchase a very nice 3-4 BR/2B home with attached garage, large lot, and possible a pool. A property like that would be sold for the lot -- and it must be a very desirable location indeed, but how?! Are the rodents espcially tasty?
ReplyDeleteThat's insane, Poppy! Something like that little hell-hole would fetch less than $50,000 here in southern Alberta. My town is cheaper than large cities - Wellington is of course the capital of your country, so there would be a bit of inflation in the prices - but even in Calgary, no one would dare to ask more than $150,000 for what you've shown. Now, the price would shoot up depending on the location, but you wouldn't find something like that in a prime venue; it would have been bought and torn down long ago. $1,000,000 NZ? That doesn't count the cost of building the real house to live in.
ReplyDeleteWhat is the cause of the high prices? As Willie mentioned, prices are high in England, but they have more than ten times your population in half the area. That's crazy.
Oops, you wrote that the house is in Aukland, not Wellington, sorry.
ReplyDeleteHoly cod and toona! Good thing we live in Oklahoma, US.
ReplyDeleteHoly Cat! That's insane! And that's coming from us, who live where (suburbs of NY City) the prices are known to be very high.
ReplyDeletepoppy Q.....oh kay....we thinked we had seen it all til ewe listed de price.....de home owner haz ta bee crazed.....ore a reeeeeeeeeeeely big dreemer !!! heer in TT de housing peepulz wood say..condemn...
ReplyDeleteWow! That is a ridiculous price for something in such a mess Poppy.
ReplyDeleteDat would buy ya a manshun in Texas! Or at least somefin real nice.
ReplyDeleteCrazy is right.
ReplyDeleteMust be in the right location :/
Purrs Georgia and Julie,
Treasure and JJ
OMG, that's insane. It makes me grateful our prices are still reasonably reasonable. Up until five or six years ago they were even less, when they tripled in value. But a place like that, unless it was on a huge acreage would be less than $100 thousand (US or Cdn).
ReplyDeleteIt must be tough for young people or singles to get into the housing market!
OMC, that is like four times what our really nice house is worth.
ReplyDelete