| RE:Real estate question... |
Subject: RE:Real estate question... by Mr_Mojo on 2008/2/11 14:56:32 Quote: You guys are smoking crack. As for my house. My dad bought in 1975 for $33,000. Over the years the value of the house went up to about $125,000 when we decided I'd buy the house. Being as lazy as I am, it took a couple more years before we actually did it. We based the sale on $125,000 even though other house in my neighborhood were selling for $250,000 and higher. Currently, my neighborhood has sales over $300,000 and higher and most people are just buying the house for the lot. 1/4 lot is going for $200,000, then add on $289,000 for demo of the old house and builing the new. These people are paying almost $500,000 for a house they can sell for $375,000. But the people aren't going anywhere, they are staying put. In my town, it has become Little Israel. Thousands of folks are moving here from New York after coming here from Israel and other places. My coworkers and friends wonder why I want to live in a Jewish neighborhood. I tell them that I was here first, house is paid for(for the most part), I drive 3 miles to work, why would I want to leave? If I sell my house for $350,000, where am I going to move. The county north of me is more expensive in taxes and real estate and my own county is rising. For me to sell my house and move to a comparable house in another town, I'd be paying more for a house and higher taxes and tolls to get to work not to mention the further distance to work. I'm staying put until I retire(7 more years) and then I'll worry about what I'm going to do. I had a point here and not sure if I made it. |
