Where can you buy the cheapest super mansion houses?

I think it's a mix of many things. Kiwis are just very apathetic to dysfunction in general, unreasonably high housing prices is one of the manifestations of that.

Government doesn't want high rises nor houses all the way out. Kiwis roll with it and agree, because they don't like the vibe/atmosphere of dense city centres nor do they want areas to be too developed. They don't realise the huge benefits of building though. Similarly homeowners often don't want house prices to fall, so politicians often are incentivised to keep house prices high, or at least not solve the problem.

Our typical Auckland house is close to a million dollars NZD and over that in many areas. We call them "million dollar suburbs". (Edit: from time of posting, it is ~685k USD) Our houses are also substandard and inferior relative to American/European houses, the building standards are about 30-40 years behind, many houses don't even have central heating and we believe that is normal. And American houses are significantly larger.
 
Very interesting.

In many leftist countries, perhaps paradoxically, they do everything they can to prevent affordable housing. Is that a byproduct of leftism? Maybe. It's "not in my backyard" taken to an extreme.

Man, that is expensive, and I'd be angry if I lived there. That is truly third world. But us americans have an incredible fascination with nice houses. Maybe we need to get with the program and get everyone in condos. Who knows, maybe we could really help the environment.

But again, our city planning is vastly different than comparable city planning in Europe and other places. Cars are a necessity outside of New York and a few other large cities.
 

...

Crow
Gold Member
The Catalyst said:
My friend from Dallas, TX said housing is really cheap over there.

No it's not, please don't talk about stuff you don't know about. Housing prices just doubled in 5 years. It's expensive as fuck and not getting better any time soon with all these Fortune 500 companies moving in.

We don't need more people in Dallas.
 
Heuristics said:
Man, that is expensive, and I'd be angry if I lived there. That is truly third world. But us americans have an incredible fascination with nice houses. Maybe we need to get with the program and get everyone in condos. Who knows, maybe we could really help the environment.

But again, our city planning is vastly different than comparable city planning in Europe and other places. Cars are a necessity outside of New York and a few other large cities.

I like nice houses also. The key thing to realise is Kiwis do not(well, they don't really care all that much). If you come here and are visibly mad, they just won't understand and will find it very easy to paint you as unstable/unreasonable/complainy. The key is emotional stability. Or just avoid altogether.

If you or other people have read my posts on NZ much before you might find I am negative on NZ. I strongly believe normal people will not like NZ. There are just too many flaws/dysfunction that is just ridiculous. Kiwis don't realise this, thus there is a rosier picture painted than is justified. They also make NZ seem very similar to western countries, maybe it's similar to Australia but for the most part that flat out isn't true. I strongly recommend most people avoid NZ unless they are coming here for a good reason

WRT cars/public transport, while I do like big, nice houses, I also like the idea of being able to get around without needing to drive. I'm torn between what kind of city/place I want to live. Of course living in Auckland you sort of have the worst of both worlds.
 
The Catalyst said:
Heuristics said:
Man, that is expensive, and I'd be angry if I lived there. That is truly third world. But us americans have an incredible fascination with nice houses. Maybe we need to get with the program and get everyone in condos. Who knows, maybe we could really help the environment.

But again, our city planning is vastly different than comparable city planning in Europe and other places. Cars are a necessity outside of New York and a few other large cities.

I like nice houses also. The key thing to realise is Kiwis do not(well, they don't really care all that much). If you come here and are visibly mad, they just won't understand and will find it very easy to paint you as unstable/unreasonable/complainy. The key is emotional stability. Or just avoid altogether.

If you or other people have read my posts on NZ much before you might find I am negative on NZ. I strongly believe normal people will not like NZ. There are just too many flaws/dysfunction that is just ridiculous. Kiwis don't realise this, thus there is a rosier picture painted than is justified. They also make NZ seem very similar to western countries, maybe it's similar to Australia but for the most part that flat out isn't true. I strongly recommend most people avoid NZ unless they are coming here for a good reason

WRT cars/public transport, while I do like big, nice houses, I also like the idea of being able to get around without needing to drive. I'm torn between what kind of city/place I want to live. Of course living in Auckland you sort of have the worst of both worlds.

They’re living in false reality that doesn’t mirror the reality at all in other more competitive markets. It’s the island effect in other words.

Something at play is tall-poppy syndrome, where they feel the need to cut everyone else own to size. And you have insular media in some ways like Australia or other small countries. I’m sure the government pushes a lot of the stuff too.

Ideally you have urban density and affordable suburbs to get the best of both worlds.
 
Cattle Rustler said:
The Catalyst said:
My friend from Dallas, TX said housing is really cheap over there.

No it's not, please don't talk about stuff you don't know about. Housing prices just doubled in 5 years. It's expensive as fuck and not getting better any time soon with all these Fortune 500 companies moving in.

We don't need more people in Dallas.

My bad if this was incorrect. She told me this a while ago. I tried to make it obvious it is second-hand information.
 
The Catalyst said:
Cattle Rustler said:
The Catalyst said:
My friend from Dallas, TX said housing is really cheap over there.

No it's not, please don't talk about stuff you don't know about. Housing prices just doubled in 5 years. It's expensive as fuck and not getting better any time soon with all these Fortune 500 companies moving in.

We don't need more people in Dallas.

My bad if this was incorrect. She told me this a while ago. I tried to make it obvious it is second-hand information.

I've heard from people I know in Austin, not Dallas necessarily, that California transplants and tech are driving the housing prices up in the place by a large margin. It is of course hilarious that people are decamping from California to Texas for greener pastures and no state income taxes.
 

...

Crow
Gold Member
The Catalyst said:
Cattle Rustler said:
The Catalyst said:
My friend from Dallas, TX said housing is really cheap over there.

No it's not, please don't talk about stuff you don't know about. Housing prices just doubled in 5 years. It's expensive as fuck and not getting better any time soon with all these Fortune 500 companies moving in.

We don't need more people in Dallas.

My bad if this was incorrect. She told me this a while ago. I tried to make it obvious it is second-hand information.

It's all good bro, I got triggered for a second there.
 

jbkunt2

Woodpecker
Midwest and the South are gonna be pretty hard to beat on value for oversized houses.

You can can get some beautiful ones in New England in nice areas with scenic views.

Thailand would be a good shout for something ultra modern and relatively affordable.

Non-touristy parts of Mexico perhaps.

The average size of houses are much bigger in the US than any other country in the world.

As others have said, luxury is expensive everywhere.
 

Eusebius

Hummingbird
Gold Member
The Catalyst said:
I like nice houses also. The key thing to realise is Kiwis do not(well, they don't really care all that much). If you come here and are visibly mad, they just won't understand

There are just too many flaws/dysfunction that is just ridiculous. Kiwis don't realise this, thus there is a rosier picture painted than is justified.

Yes you get NZ very well...it's an isolated island country and some things are just accepted as being normal, when in fact they are shit by international standards. Such as the housing, or the attitude of the "ladies". If you are so stupid as to point this out to a Kiwi, you are not going to win any popularity contests...
 

fktax

Sparrow
Check out Montenegro! It's like Croatia but cheaper and (for the time being), less tourists.

A friend has convinced me to head down there with him in a few months We've been speaking with a few agents and have some properties we need to see in person.

You can get serious, historic villas on large lots of land for not much cash at all.

Biggest thing we've learned though is to get the title checked by multiple people though. Their record system is fairly bad due to war.

Good guide here: https://montenegroguides.co/real-estate-property/buying/
 

Tail Gunner

Hummingbird
Gold Member
Donfitz007 said:
THIS is a bargain mansion. The pool itself is worth 1.5 million by most designers.


Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.
 

Donfitz007

Kingfisher
Tail Gunner said:
Donfitz007 said:
THIS is a bargain mansion. The pool itself is worth 1.5 million by most designers.


Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.
Every party needs a pooper, that's why I'm inviting you,
Party pooper, party pooper.
 
Tail Gunner said:
Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.

Say one had the money to buy that mansion ^^ above, what's saving $30k vs the hassle of buying the same mansion in a foreign land subject to foreign rules?

Sure those foreign rules may or not be net positive in the end for the buyer, but that's for the buyer to decide, not you and your political leanings.
 

66Scorpio

Woodpecker
My wife is building a house in the Philippines and it will be something like $50 a square foot, all in, including land and interior. A quick internet search indicated that the US average runs $75 to $130 for labour and materials (ex. land and finishings, and this might be doubled if you have a general contractor handle everything for you). It's sort of a pet project she started before we met and she has been working on it for 2 years.

Dan B's mansion is supposedly 38,000 square feet (about 70% the size of the White House) which implies roughly two million dollars with a similar location and quality. However, beach front property would jack that up, as would luxury interior fixtures, furnishings, the swimming pool and such.
 

Tail Gunner

Hummingbird
Gold Member
croquet said:
Tail Gunner said:
Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.

Say one had the money to buy that mansion ^^ above, what's saving $30k vs the hassle of buying the same mansion in a foreign land subject to foreign rules?

Sure those foreign rules may or not be net positive in the end for the buyer, but that's for the buyer to decide, not you and your political leanings.

The title of this thread is "Where can you buy the cheapest super mansion houses?" The answer sure isn't "California." Sure, people do stupid things with their money all the time, but the OP seems to be seeking a sensible optimum solution.

Even Warren Buffet has sat on more than $100 billion for several years now because government manipulation of the economy through artificially low interest rates have inflated asset prices in the U.S.

Buffett said finding things to buy at a “sensible purchase price” has become a challenge and is a major reason Berkshire is awash with US$116 billion of low-yielding cash and government bonds, whose average maturity was 88 days as of the end of 2017. [NOTE: He still has deployed this capital since that article was written.]

https://business.financialpost.com/...-hunting-for-things-to-buy-for-sensible-price

The next time that the U.S. will be in the running for "cheapest super mansion houses" is during the next 2008-style financial panic, when the fools who bought overvalued real estate are deleveraging themselves of their assets. For example, condo prices in Miami have tripled since 2008.

So, the answer to the OP's question is not really "where," but "when." Answer: during the next financial panic.
 

Tail Gunner

Hummingbird
Gold Member
Donfitz007 said:
Tail Gunner said:
Donfitz007 said:
THIS is a bargain mansion. The pool itself is worth 1.5 million by most designers.


Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.

Every party needs a pooper, that's why I'm inviting you,
Party pooper, party pooper.

"Hey, the government is offering free land. I am going to build my dream house there!"

Friend: "Uh, that used to be a toxic chemical dump, plus there are still land mines buried there from the last war."

Every party needs a pooper, that's why I'm inviting you,
Party pooper, party pooper.
 

BBinger

Kingfisher
Tail Gunner said:
croquet said:
Tail Gunner said:
Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.

Say one had the money to buy that mansion ^^ above, what's saving $30k vs the hassle of buying the same mansion in a foreign land subject to foreign rules?

Sure those foreign rules may or not be net positive in the end for the buyer, but that's for the buyer to decide, not you and your political leanings.

The title of this thread is "Where can you buy the cheapest super mansion houses?" The answer sure isn't "California." Sure, people do stupid things with their money all the time, but the OP seems to be seeking a sensible optimum solution.

Even Warren Buffet has sat on more than $100 billion for several years now because government manipulation of the economy through artificially low interest rates have inflated asset prices in the U.S.

Buffett said finding things to buy at a “sensible purchase price” has become a challenge and is a major reason Berkshire is awash with US$116 billion of low-yielding cash and government bonds, whose average maturity was 88 days as of the end of 2017. [NOTE: He still has deployed this capital since that article was written.]

https://business.financialpost.com/...-hunting-for-things-to-buy-for-sensible-price

The next time that the U.S. will be in the running for "cheapest super mansion houses" is during the next 2008-style financial panic, when the fools who bought overvalued real estate are deleveraging themselves of their assets. For example, condo prices in Miami have tripled since 2008.

So, the answer to the OP's question is not really "where," but "when." Answer: during the next financial panic.

Very true. A mansion isn't simply "a large house", it's the manor house where a Patriarch seats his lordship. It's impossible for a man to have a mansion in a third world shithole like California for the reasons that the local derps will demand all sorts of ransom payments to keep the property yours and impose all sorts of burdens trying to keep you from doing what you want with your own home.

The stickbuilt stuff fashionable in the US is also incapable of mansionhood for the reason that it is incapable of aging with grace. Many local papers and historical societies across the US will mourn when a historic "Victorian" house meets its end, nevermind that such structures are the last of their kind for the reason that pinewood construction and time don't get along very well. A mansion is a very aristocratic thing of the sort that endures.

If the prospect of having to jack up the structure exists because all the preservative leeched out of the sill plate leading to it becoming softer than a kitchen sponge...

The black sea coast in Europe (Romania, etc) is likely the least expensive destination to search for mansion candidates. Latin America is generally more expensive, but opportunities exist in Venezuela where middle class homes can feature ferrocement construction and six car garages are not exceptional.
 

Tail Gunner

Hummingbird
Gold Member
BBinger said:
Tail Gunner said:
croquet said:
Tail Gunner said:
Yes, a real bargain -- paying about $30,000 in annual property taxes in SoCal, when you can go to many foreign countries and pay just a few thousand dollars (or, in some cases, just a few hundred dollars) in property taxes on a house with the same value. People need to review all the factors before making such a purchase. So yes, if you wish to subsidize socialist stupidity, buy a mansion in California.

Say one had the money to buy that mansion ^^ above, what's saving $30k vs the hassle of buying the same mansion in a foreign land subject to foreign rules?

Sure those foreign rules may or not be net positive in the end for the buyer, but that's for the buyer to decide, not you and your political leanings.

The title of this thread is "Where can you buy the cheapest super mansion houses?" The answer sure isn't "California." Sure, people do stupid things with their money all the time, but the OP seems to be seeking a sensible optimum solution.

Even Warren Buffet has sat on more than $100 billion for several years now because government manipulation of the economy through artificially low interest rates have inflated asset prices in the U.S.

Buffett said finding things to buy at a “sensible purchase price” has become a challenge and is a major reason Berkshire is awash with US$116 billion of low-yielding cash and government bonds, whose average maturity was 88 days as of the end of 2017. [NOTE: He still has deployed this capital since that article was written.]

https://business.financialpost.com/...-hunting-for-things-to-buy-for-sensible-price

The next time that the U.S. will be in the running for "cheapest super mansion houses" is during the next 2008-style financial panic, when the fools who bought overvalued real estate are deleveraging themselves of their assets. For example, condo prices in Miami have tripled since 2008.

So, the answer to the OP's question is not really "where," but "when." Answer: during the next financial panic.

Very true. A mansion isn't simply "a large house", it's the manor house where a Patriarch seats his lordship. It's impossible for a man to have a mansion in a third world shithole like California for the reasons that the local derps will demand all sorts of ransom payments to keep the property yours and impose all sorts of burdens trying to keep you from doing what you want with your own home.

The stickbuilt stuff fashionable in the US is also incapable of mansionhood for the reason that it is incapable of aging with grace. Many local papers and historical societies across the US will mourn when a historic "Victorian" house meets its end, nevermind that such structures are the last of their kind for the reason that pinewood construction and time don't get along very well. A mansion is a very aristocratic thing of the sort that endures.

If the prospect of having to jack up the structure exists because all the preservative leeched out of the sill plate leading to it becoming softer than a kitchen sponge...

The black sea coast in Europe (Romania, etc) is likely the least expensive destination to search for mansion candidates. Latin America is generally more expensive, but opportunities exist in Venezuela where middle class homes can feature ferrocement construction and six car garages are not exceptional.

Yes, success in life is all about outside-the-box thinking. For example, you can go to Italy, get your own castle for free, convert it into a tourist attraction, and then invite all the young tourist girls into your castle for the "special free tour" of your bedroom.

Italy is giving away more than 100 historic castles, farmhouses and monasteries for free in an effort to breathe new life into its disused public buildings.

Under a new scheme unveiled by the country's government run State Property Agency, 103 ancient buildings will be up for grabs to entrepreneurs who promise to transform the locations into tourist destinations.

https://www.cnbc.com/2017/05/18/ita...-castles-for-free--theres-only-one-catch.html
 
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