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69 Jim Samba Member
Joined: September 27, 2004 Posts: 6265 Location: Chickengeorge's Neighbor
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Posted: Wed Jun 24, 2009 6:45 pm Post subject: |
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chickengeorge wrote: |
69 Jim wrote: |
chickengeorge wrote: |
156K Average in 07, 135K average now.
Month over month on the way up. Lowest of 134K in January. |
Not your grocery bill, the price of housing. |
I know, but your wife likes the expensive brand of chocolate syrup and whipped cream.
(don't tell her I said that, for god's sake) |
You must be thinking of my uncle Dick. |
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scottvw Samba Member
Joined: November 17, 2004 Posts: 2821 Location: Centennial, CO
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Posted: Wed Jun 24, 2009 7:15 pm Post subject: |
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Denver has held pretty steady. It didn't have the boom that other areas had so it didn't fall as quickly either. |
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ubercrap Samba Moderator
Joined: July 01, 2004 Posts: 1060 Location: Ridley Park, PA
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Posted: Thu Jun 25, 2009 6:19 am Post subject: |
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What all are you basing your values on? _________________ '74 412 wagon
(2) '74 412 2dr. sedan
'73 412 2dr. sedan |
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johnnypan Samba Member
Joined: October 24, 2007 Posts: 7431 Location: sackamenna
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Posted: Thu Jun 25, 2009 7:10 am Post subject: |
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Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
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Corwin Samba Member
Joined: March 29, 2007 Posts: 798
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Posted: Thu Jun 25, 2009 7:34 am Post subject: |
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johnnypan wrote: |
Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
High priced homes are $200K+? Wow. You couldn't get a one-bedroom condo around here for even twice that much. |
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Russ Wolfe Samba Member
Joined: October 08, 2004 Posts: 25187 Location: Central Iowa
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Posted: Thu Jun 25, 2009 8:09 am Post subject: |
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Corwin wrote: |
johnnypan wrote: |
Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
High priced homes are $200K+? Wow. You couldn't get a one-bedroom condo around here for even twice that much. |
You live in the wrong area.
My 2200 sq ft house is appraised at $250K and comes with 26 acres.
Houses and cars are only worth what people are willing to pay for them. _________________ Society is like stew. If you don't keep it stirred up, you end up with a lot of scum on the top!--Edward Abbey
Gary: OK. Ima poop. |
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crofty Judas of the North
Joined: August 09, 2000 Posts: 19670 Location: Land of Whine and Phonies
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Posted: Thu Jun 25, 2009 8:14 am Post subject: |
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It's all pretty subjective. Your location GREATLY influences the price of your home. 5 acres in Toledo is gonna be cheaper than 5 acres in San Francisco. _________________ Your Vanagon sucks, Stop waving at me.
HamburgerBrad wrote: |
I slept on crofty's tent once. I passed out drunk from two bottles of Everett's brother's wine. |
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johnnypan Samba Member
Joined: October 24, 2007 Posts: 7431 Location: sackamenna
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Posted: Thu Jun 25, 2009 8:56 am Post subject: |
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crofty wrote: |
It's all pretty subjective. Your location GREATLY influences the price of your home. 5 acres in Toledo is gonna be cheaper than 5 acres in San Francisco. |
Agreed,it appears the market here is finding a bottom....I'm going to take a chance that the "herd" will drive the prices up again... |
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crofty Judas of the North
Joined: August 09, 2000 Posts: 19670 Location: Land of Whine and Phonies
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Posted: Thu Jun 25, 2009 9:06 am Post subject: |
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johnnypan wrote: |
crofty wrote: |
It's all pretty subjective. Your location GREATLY influences the price of your home. 5 acres in Toledo is gonna be cheaper than 5 acres in San Francisco. |
Agreed,it appears the market here is finding a bottom....I'm going to take a chance that the "herd" will drive the prices up again... |
It might drop more but I doubt all that much. I can say that the "collapse" has really helped with traffic going through Tracy though! _________________ Your Vanagon sucks, Stop waving at me.
HamburgerBrad wrote: |
I slept on crofty's tent once. I passed out drunk from two bottles of Everett's brother's wine. |
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Corwin Samba Member
Joined: March 29, 2007 Posts: 798
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Posted: Thu Jun 25, 2009 9:12 am Post subject: |
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Russ Wolfe wrote: |
You live in the wrong area. |
It would appear the majority of the country disagrees.
Quote: |
In the United States, the tipping point from a majority rural to a majority urban population came early in the late 1910s, the researchers say. Today, 21 percent of our country is rural although some states – Maine, Mississippi, Vermont, and West Virginia – are still majority rural. In North Carolina, a rural majority held until the late 1980s.
Although rural natural and social resources are necessary for urban people and places, the researchers say rural people do not fare well relative to their urban counterparts. Maps of U.S. quality-of-life conditions show that poverty and low education attainment are concentrated in rural areas – especially the rural South – where the nation’s food, water and forest resources exist. |
http://www.census.gov/population/www/censusdata/files/urpop0090.txt |
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myzamboni Samba Member
Joined: October 23, 2002 Posts: 978
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Posted: Thu Jun 25, 2009 9:41 am Post subject: |
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Todays prices in my zip are where they were in 2005 (according to Zillow), but still up 40% from year 2000 when we bought. _________________ -Tom-
Check yo'self before you wreck yo'self!
Click to view image |
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Russ Wolfe Samba Member
Joined: October 08, 2004 Posts: 25187 Location: Central Iowa
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Posted: Thu Jun 25, 2009 9:44 am Post subject: |
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I do not live in the rural south. I live in the upper mid-west. Iowa has one of the highest literacy rates in the USA. If I want to go to the airport, it is 10 minutes away. If I want to go to a concert, it is 15 minutes away. If I want to drive to another part of the country, the Interstate system is 5 minutes away.
And I cannot throw a rock and hit my neighbors house. _________________ Society is like stew. If you don't keep it stirred up, you end up with a lot of scum on the top!--Edward Abbey
Gary: OK. Ima poop. |
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Gary Person of Interest
Joined: November 01, 2002 Posts: 17069 Location: 127.0.0.1
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Posted: Thu Jun 25, 2009 9:59 am Post subject: |
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Russ Wolfe wrote: |
I do not live in the rural south. I live in the upper mid-west. Iowa has one of the highest literacy rates in the USA. If I want to go to the airport, it is 10 minutes away. If I want to go to a concert, it is 15 minutes away. If I want to drive to another part of the country, the Interstate system is 5 minutes away.
And I cannot throw a rock and hit my neighbors house. |
Keep practicing and work on those arm exercises. _________________ West Virginia State Board of Education v. Barnette, 319 U.S. 624 (1943) |
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69 Jim Samba Member
Joined: September 27, 2004 Posts: 6265 Location: Chickengeorge's Neighbor
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Posted: Thu Jun 25, 2009 10:07 am Post subject: |
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Corwin wrote: |
johnnypan wrote: |
Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
High priced homes are $200K+? Wow. You couldn't get a one-bedroom condo around here for even twice that much. |
Realtor.com lists 552 condos in the Seattle area for well under 400k. |
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crofty Judas of the North
Joined: August 09, 2000 Posts: 19670 Location: Land of Whine and Phonies
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Posted: Thu Jun 25, 2009 10:56 am Post subject: |
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69 Jim wrote: |
Corwin wrote: |
johnnypan wrote: |
Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
High priced homes are $200K+? Wow. You couldn't get a one-bedroom condo around here for even twice that much. |
Realtor.com lists 552 condos in the Seattle area for well under 400k. |
Tacomaowned. _________________ Your Vanagon sucks, Stop waving at me.
HamburgerBrad wrote: |
I slept on crofty's tent once. I passed out drunk from two bottles of Everett's brother's wine. |
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Corwin Samba Member
Joined: March 29, 2007 Posts: 798
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Posted: Thu Jun 25, 2009 11:42 am Post subject: |
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crofty wrote: |
69 Jim wrote: |
Corwin wrote: |
johnnypan wrote: |
Housing prices jan 07 to housing prices today in your area...market is so low in sacramento the investors are flooding the lower (100k to 120k)some houses are getting twenty bids a weekend,while the higher prices (200k and up)arent being touched.It seems there is a lot of cash players out there who still think real estate in CA is a good investment if its priced right. Its frustrating to me,Im looking for a second home but I need a mortgage to do it while the sellers rightfully hold out for cash deals... |
High priced homes are $200K+? Wow. You couldn't get a one-bedroom condo around here for even twice that much. |
Realtor.com lists 552 condos in the Seattle area for well under 400k. |
Tacomaowned. |
And Rentonowned, I'm sure.
It was an exaggeration. But not a big one. |
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jeremy57ride Samba Member
Joined: May 23, 2005 Posts: 1318
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Posted: Thu Jun 25, 2009 1:49 pm Post subject: |
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crofty wrote: |
It's all pretty subjective. Your location GREATLY influences the price of your home. 50 acres in Toledo is gonna be cheaper than 5 acres in San Francisco. |
(fixed it) _________________ "If you don't do it this year, you'll be one year older when you do." -Warren Miller |
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thebucket Samba Stockbroker
Joined: April 06, 2004 Posts: 3734 Location: Houston Texas
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Mr. Loaf Samba Member
Joined: March 30, 2005 Posts: 2098 Location: Okra, Oklahoma
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Posted: Fri Jun 26, 2009 4:21 am Post subject: |
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I don't get it. We all want the value of our homes to increase but then turn around a complain that property taxes increased too. Can't have it both ways. You bought your house for $100,000, and you sold it for $250,000. What do you do with the money? Buy another $100,000 house? Good luck, you won't find one that is comparable to what you sold. _________________ Never drive faster than your Angel can fly
$24,100 was too hard to resist................. |
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jeremy57ride Samba Member
Joined: May 23, 2005 Posts: 1318
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Posted: Fri Jun 26, 2009 5:16 am Post subject: |
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Mr. Loaf wrote: |
I don't get it. We all want the value of our homes to increase but then turn around a complain that property taxes increased too. Can't have it both ways. You bought your house for $100,000, and you sold it for $250,000. What do you do with the money? Buy another $100,000 house? Good luck, you won't find one that is comparable to what you sold. |
It's simple. If your house is now worth $250,000 and you sell, you can afford $350,000 home with the same $100,000 investment.
I see your point, if the market is up, how do you replace it? I guess if the first time around you spent 100,000 and this time you have $150,000 to put down, you could afford a nicer home. _________________ "If you don't do it this year, you'll be one year older when you do." -Warren Miller |
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