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A comment on Ask HN: Just cashed out for 2M. What now?. Parent comment

Re:Ask HN: Just cashed out for 2M. What now? by anatoli on Thursday February 19, 2009 @12:20AM (#486799)
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.

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Re:Ask HN: Just cashed out for 2M. What now? by thenduks on Thursday February 19, 2009 @03:03PM (#487754)
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.

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