$206,000 is the median price of single-family home in the U.S. What kind of house you can buy with the money? NPR made an interesting comparison on house sale between Milwaukee and San Diego.
In South Milwaukee, you can buy a ranch-style house with three bedrooms, three bathrooms (1,600 square feet of living space altogether), two two-car garages, and a flower garden. South Milwaukee is an older close-in suburb with very good schools.
How about in San Diego? With $206,000 you buy a one-bedroom condo in the central part of San Diego instead: 560 square feet in total. However, in outskirt of San Diego, about 20 miles from town, you may find a house with three bedrooms and two baths. And the price tag says $208,000 only. Wait wait wait, you can own the house only—the land costs you extra $620 every month.
Just out of curiosity, what can one buy in Beijing with 1,600,000 RMB?
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