There's still a bubble? I thought that thing already popped! I figured you bought at the best time and it can only go up from here. Prices are still super depressed here. I lived in my L.A. (area) house for 9 years. Did zero improvements other than a coat of paint and doubled my $$$ (literally) when I sold it. I bought my house here 24 years ago and the current appraisal is just barely above what I paid for it in Aug. '89!Originally Posted by FooBang
'Course, it's a 2-story w/pool on an acre lot at the end of a cul-de-sac in a nice neighborhood on a very large, clean, spring-fed lake with private dock/boat ramp and I only paid $115,000. Heck, I even have a 900 sq. ft. attached garage. I can back a decent sized boat straight in (trailer and all), park a car next to it, close the door and still have plenty of room to walk around in there. As I said ... it's all relative ... the avg. income here is pretty sucky and "decent" jobs are scarce, but you just don't need as much.
We can all sit here and "compare" prices and tell what "we" got for x-amount of $$$ ... but it doesn't mean squat unless we live next door to each other. Sunny for example (not "picking", just making a point) ... she says she likes living in the boonies and having lots of property. That's fine ... problem is, hubby has to "commute" so far to make a living, he has to spend the week in a camper and only come home a few weekends/year. There's that word "relative" again. There's always a trade-off somewhere in the equation.
Heck, look at what you paid for that place "on the water" you had down here. What would THAT cost up there?
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