yeah wait tell the collapse happens in a few days the Chinese will dump all the houses they bought to get some money on hand and it will crash THE MARKET COLLAPSE IS HAPPENING TOMORROW or by Tuesday watching the Dow futures crumple right noww Hang Seng Index is crumbling also
In UK, a terraced house in my street is for sale for £40K, which is $75,492.48. crazy ha ha. Dave buy the whole street,lol And theres a window in EVERY Flamin Room, ha ha ha. Joking aside.... Natural light, is so so important to anyones mental health. Just that daylight, makes you feel good, alert & in a good mood. Where if you worked in Dave's Nuclear Bunker, you would be feeling that pain in a short time, for sure.
Sorry @john Smith, for some reason your comment has gone. But North East UK, Stockton on Tees. Yeh a Landlord passed away, so family are selling houses, theres 4 in street, all approx £40K. You Could get maybe £100-£120 rent a week from them. But getting a good tennant is critical
The person who starts simply with the idea of getting rich will succeed also you must have a larger ambition,every once in a while,the market does something so stupid it takes your breath away.
@@henryweston1429 A friend suggested i should invest for the long haul, i shouldn't get too greedy and don't get scared ,but the problem is that i don't really have any clue on investing.
That's so true investment saves Okay I'll strongly suggest you invest in bit-coin, gold, silver, crypto market, commodities, the world have advanced a whole lot that you most not be a pro to make money out the market
Prices are crazy in recent times. 2 years ago that house was probably half that price. Average salary in Sydney is probably something like AU$70k per year. I'm from Sydney.
@@MrDoneboy That is in Aussie bucks, but the prices still seem quite unreasonable. Even if you were to commit an entire salary for paying the mortage, it will still take ~15 years to pay it off. That's just plain ridiculous to me.
There's also the aspect of property value after the house is bought to consider. I would guess that converting a house to be suitable for commercial space would make it less attractive to sell later if the business needs to upscale or if it folds.
Correct. That's why I didn't mention it in this case. In both cases you generally buy an office when you know you'll want to use it forever and never sell it, so the point is fairly moot.
Does it make any sense, to spend the money to renovate a residence, into an office, when there appears to be plenty of commercial office space available?
Couldn't you build office next to your house? Like on your garden? I don't know how big is your land, but my colleague (his hobby is woodworking) did exactly that.
When the property prices are so high why is there parks and free spaces around this? In Germany the property prices are not that high despite being packed 100% to the last square metre everywhere, even in small villages. Odd.
The Govt ensures that there is a lot of green space throughout the city for people to enjoy. This is Govt land that cannot be built on. But in my view (I'm from Sydney) it would make little difference to prices if homes were built on many of the parks. Demand in Sydney always heavily outstrips supply and I can't ever see that changing. Note also that there are large tax incentives to buy property as an investment here. The record low interest rates at the moment have also pushed prices very high because more people can afford to buy a house. You also have different Govt policy when it comes to home affordability in Germany (which I think is better). I used to live in Muenchen for 4 years for work, love it there.
@@brendanfarthing Yes that is right. In Germnay the government heavily cracks down on urban spread so you have very dense population and then just forests out of town. But they actually dont really own anything, people are just not allowed to build anything on their farmland or forest. Not even a tool shack. There is also no real high demand for commercial spaces in Germany. Most companies just build their own business parks outside their rural home town. And its also very much forbidden to abuse or convert residential spaces for commercial use.
Your own property no Strata telling you your bins are in the wrong place, your clients are parking wrong, you are working too late at night, you are making too much smell from soldering. As well you can put up your own solar array and drop your power bills a lot, seeing as you are there at the day to use the power. As well keep one room and bathroom for yourself, along with the kitchen, and no more commute, wake up 5 minutes before you start working.
Not having to pay for commuting and higher vehicle insurance would be enough to convince me to go with the house every time, outside cities anyway. Other than retail fronts, some bureaucracy or a house not being physically adequate/ fitted with industrial amenities ( 3 phase is easy to find in Germany )
Well, even in Germany commercial space is better suited for most businesses than remodeling a residential unit to a commercial one. There are many restrictions of use in residential areas. There's noise issues, parking issues and even hazard-issues. The german Ordnungsamt and the Bauamt are a real pain in the ass if you want to use residential space for any kind of business which could involve some public traffic. If you're just a self employed engineer without any public traffic it may be good enough, but for anything other than that, commercial space is the better fit for a business.
Yes the house has a lot more freedom when it comes to changing, and as the area is already very much a mix of retail, light industrial and commercial properties that will be easy to do. Probably there the buyer will either convert it all to business, or one of the locals will buy it up, as it is then close to the office, and so long as they young, single and workaholic this will do fine, and if the person marries even, will do fine for a good while as the family comes, as home is 2 minutes walk away.
Salaries are much higher in areas with higher home prices, if you aren't an "unskilled" worker. IE: Tech, finance or what have you. This would 1-5 years salary.
Is it a normal thing in Australia to operate a small business out of the home? Can you get three phase power in residential neighborhoods without too much trouble?
A point in favour of a house on its own block is you get better control over the land. So it (not necessarily this one) could be a potential subdivision with higher capital growth prospects. All depends on what you want it for - just an office space or an investment as well. Sydney's cheapest house? Please do!
Dave just couldnt resist making Rossmann style real estate video. Do a teardown instead. How about a scientology e-meter. Teardown and debunk in one. Cmon
I managed to do this exactly move pre-pandemic, but now that house pricestin my area skyrocketed (urban->suburb exodus caused by remote work boom) it wouldn't be viable anymore
LOL only $1.1M? I'm guessing they're not showing the side that burnt down? Or is it a former meth lab and condemned? There was a meth lab next door to my aunt and they knocked it down within a couple of months of the raid, so I'm surprised this lasted to the auction! Seriously though, a lot of houses are earning more than my salary these days! It's crazy! As for converting a house into a lab, knocking down walls might require some serious structural work. Usually the wall running down the length of the house supports the roof trusses, so you'd probably at least need an engineered wooden beam to replace it, if not a steel one. And depending on the length you might also need to reinforce the frame/wall that it sits on. At least that's what my dad had to do when he knocked down a wall in our previous family home.
holy shadowboxing sheepshearers! and here I am struggling to afford something a third of those prices in Adelaide, having saved up a third of a lifetime :'(
Comercial real estate in the U.S. is a much better bargain. While homes are selling like hotcakes, Commercial properties are languishing on the market for years in some instances. (Except multi-family housing, of course.)
My current place would not even pay for the space that garage is, and currently prices in the area are booming, so much demand for the area. My previous place, the sale would not even have paid for the front door step. And there I was thinking then I had made a good move.....
Interesting... My first thought was ... building design.. It suprised me a few weeks ago when I saw another YT channels home in Canada, a bungalow similar to what I see in the UK.. and you have a bungalow also similar.. though I like the brick colour of yours.. The generic design style travels... Some thoughts... Running costs... office service charges.. insurance on the office and car etc.. commercial rates (annual charges) in the UK are high.. and most places are lease/rent..! Another thought is buy a bigger home.. or one with a crazy size garage.. or barn.. Or.. a small farm.. A friend built a 40ft x 60ft.. what I will refer to as an extremely well insulated single story box with a low pitched roof in his back garden on low pillars to get round planning permission.. He used 3/4 inch ply, 2 inch foam board and assorted framing.. So .. a property with land and build a box seems my favourite.. Out of town... PS.. did you know your near neighbour... Oil Burner is back making videos... although he refers to Safety Sissy's his knowledge of his craft and safety is evident.... One comment said it all.. The commenter wrote.. What does your wife think.. He responded.. She was shaking her head and laughing... Regards Mark..
Yikes 1.3 millon, that is insane, for millionaires only, the house is fantastic, I will dream to be able to buy something like that ever in my life, unbelievable the differences between countries, that's a dream place compared to where I live, far
