The Price Is Right

Another big difference in real estate between one town, city, or state and another regardless of how similar they look is cost. I'm not even sure exactly what makes such a huge difference. At least not in the levels that those differences occur. For instance, a condo in New York that closely resembles an efficiency apartment in any other state can be as much as a million dollars. Yeah, you heard that. Okay, for some New York is 'the' place to be, but at those prices who can afford to be there? Chicago can be said to be as desireable as New York, and while you can find some equally high priced condos they usually more closely resemble condos. You can find an even greater diversity in small towns and suburbs. For instance, the 10 acres of land we have with a much newer house than we had up north cost the same as the little 1/4 acre plot we had up there with it's run down 100 year old house. In fact, you couldn't even find 10 acres up there much less afford it if you could. I'm not talking in the big cities either but rather the outlying suburbs. Even from one rural town to the next down here the prices can vary to thousands or even hundreds of thousands of dollars, and it can seem to the untrained eye that there is no reason for such a disparity. That's why it's always good to seek out a trained realator when looking at property. They can explain why there are such difference, and even point out what's so much better about one vs the other, or why perhaps you might even enjoy the lesser valued land if you have a need for the reasons it is cheaper, such as being more remote, or less accessible.