Thread: Buying a House?
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Old 07-01-2019, 05:50 AM   #7
MikMod
 
Join Date: May 2019
Default Re: Buying a House?

Quote:
Originally Posted by Tywyll View Post
Sooo….nobody has had to deal with this an has any reasonable ideas?
Taking todays world as a guide to order of magnitude...

Lets say a small house in the UK (where I live) is anywhere from (modern day) £20,000 to £400,000 depending on:- geographical location, weather, proximity to ports and main trade routes, the perceived value of the quarter (inside or outside the city walls, surrounded by orc beggars or royal scions) its construction of mud, wattle and daub or stone, any special features or history - gardens, cellars, stables etc.

And lets say the wages of people in the UK vary from something like £15,000 to £80,000 commonly.

So a house might cost you anything from a quarter of a years wages, to 20ish years of earnings, depending. Or, assuming poorer people live in the poorer houses, you would need to spend a year of wages if poor, or 4-5 years of wages if rich, to get a house that 'suits you'.

Jobs.

Low paid workers in Cidri seem to earn about $30 a week after expenses. So that would make the cheapest houses something like $1500. Top earners like healers and sages are around $100 a week, so that would make a nice place somewhere around $20,000.

OR

Another way to look at it is rents. Subsistence costs are $20 a week, $50 if you have 'pretension to social standing' which arguably half goes on rent - lets assume so. Lets also assume that a landowner who decides to buy a house and then rent it out would like to break even after, say, 10 years, and then be into profit. That would give us a property rental income (and house purchase value) of $5,000 over ten years at the low end and a higher end around $12,500.

OR

You could consider how much it would cost to build a house. A builder will cost you $70 a week, maybe with 4 labourers for $25 each a week. If a mid-range wood/wattle+daub house takes 12 weeks to build, and half the cost is labour, the house will cost you $4,000 and I guess you could sell it for at least $8,000, but then I haven't included the land cost, or probably the fittings like windows and ironwork.

OR

We could look up the cost of Medieval houses and convert to Cidri currency:

http://web.archive.org/web/201106282...html#BUILDINGS

Quote:
1 pound (L) = 20 shillings (s)
1 shilling = 12 pence (d)

Rent cottage 5s/year 14 cen(?) [3] 208
Rent craftsman's house 20s/year " " "
Rent merchant's house L2-L3/year " " "
Cottage (1 bay, 2 storeys) L2 early 14 cen " 205
Row house in York (well built) up to L5 " " "
Craftsman's house (i.e., with
shop, work area, and room
for workers) with 2-3 bays
and tile roof L10-L15 early 14 cen [3] 205
Modest hall and chamber, not
including materials L12 1289 [3] 79-80
Merchant's house L33-L66 early 14 cen [3] 205
House with courtyard L90+ " " "
Using Army wages of around 6d a day for armoured infantry compared to $75 a week for a Cidri recruit - we get a conversion of roughly 1d = $2

That puts a cottage at $960; a craftsmans house at $4,800-7,200 and a merchants house at $16,000 to $32,000

Double checking this, we can see that this information puts the rent of a cottage at 1/8 of its cost, rent for a craftsmans house at 1/10 to 1/15 of its value and rent of a merchants house at 1/16 to 1/20th its value. That would be $10 a month for a cottage, $40 a month for a craftsmans house, and about $80 a month for a merchants house. Not too far off but maybe a little low.

---------------

Given all that, you need to take into account Location, Location, Location, but it looks like a good sized house suitable for around 4 adventurers, in a quiet part of a major city, might cost $6,000 to $10,000?

Last edited by MikMod; 07-01-2019 at 06:04 AM.
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