Since he's in Canada, 600k would get him an OK house in a good neighbourhood or ... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

anatoli on Feb 19, 2009 | parent | context | favorite | on: Ask HN: Just cashed out for 2M. What now?

Since he's in Canada, 600k would get him an OK house in a good neighbourhood or a good house in a decent/undervalued neighbourhood, not anything great... besides, he would most likely get a mortgage, so he could afford to go even higher than that. 150k would get him hardly anything, unless he lives somewhere in the middle of Saskatchewan.

(I speak from personal experience, I own a loft in Vancouver.)

I agree with your overall point though.

thenduks on Feb 19, 2009 [–]

I mostly agree, you don't want to spend less than 500K on a house if you live anywhere near a major city.

But if you live outwards a bit (say, an hour from Toronto or similar) then 400K gets you a massive 3 story house in a quiet neighborhood.

Depends on what you're into.

Join us for AI Startup School this June 16-17 in San Francisco!
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact