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07/22/2004 03:09:15 PM · #26 |
Originally posted by ScottK:
Originally posted by jenesis:
Kinda off topic a little, but you wanna hear something REALLY scary? My grandparents bought their house 30 some years ago for about $15,000 in San Diego, run of the mill 3bd (small)/2bath ranch with pretty much no yard, no AC, eat-in kitchen, nothing special. Get this, their next door neighbor just sold theirs for about $600,000!!! Pretty much the same house with a few minimal updates. All I know is that I'll never be able to move back there.... EVER!!! |
What area? We bought our current house in Oceanside for 212k back in 2001, and similar houses are now going for $450k. That's over 100% appreciation in less than 4 years. Things are definitely a bit nuts around here. They're basically saying that the housing market is nearly closed to new buyers, and a lot of the buyers of those 600k + houses are people trading up. |
Serra Mesa, It's up the hill from Qualcomm stadium. Older neighborhood, but central to everything. My sister bought a house in Temecula to escape the craziness (housing costs) of the city about a year ago and if they sold it now, they have a pretty nice profit from it already. Must be nice to know that's there's absolutley no way you can lose money on a house there. |
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07/22/2004 03:33:04 PM · #27 |
Simple solution.. move to Mott North Dakota. My husbands relatives live there and you can buy a well-kept 3 bedroom home with two car attached garage and full basement for $5,000-$10,000. Seriously.
The younger generation don't want to farm and there are no jobs so they move away leaving lots of empty houses.
If you don't mind minus 40 degree weather and are retired or work from home or don't mind driving 100 miles to Bismark to work, this might be the place for you :)
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07/22/2004 03:37:49 PM · #28 |
Originally posted by fayepek:
Simple solution.. move to Mott North Dakota. My husbands relatives live there and you can buy a well-kept 3 bedroom home with two car attached garage and full basement for $5,000-$10,000. Seriously.
The younger generation don't want to farm and there are no jobs so they move away leaving lots of empty houses.
If you don't mind minus 40 degree weather and are retired or work from home or don't mind driving 100 miles to Bismark to work, this might be the place for you :) |
Sounds like a little slice of heaven! |
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07/22/2004 04:37:57 PM · #29 |
I live in San Jose, CA, so don't gripe at *me* about how expensive houses are! :)
Two doors down from my place (renting) is a home up for sale, 2 bedrooms, about 1500 square feet, built in the 50s, looks like a shoebox, needs reparis... wait for it... $600,000. That's assuming that there aren't already 10 people looking to buy it, driving the price up some unknown amount behind the scenes.
It makes me want to cry.
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07/22/2004 04:42:13 PM · #30 |
Originally posted by fayepek:
If you don't mind minus 40 degree weather ... |
There's always a catch. |
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07/22/2004 05:13:33 PM · #31 |
Originally posted by DJLuba:
You don't want to move to Virginia.
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If you don't mind not living in a townhouse, it isn't so bad. I'm getting by with $400/month rent, all utilities, etc included. Not a bad place either
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