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Thread: The "Looking to become a homeowner" Thread

  1. #921
    Member Member 21Kid's Avatar
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  2. #922
    Administrator
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    There's a house that went up for sale along my bike commute. It's a block off Fairfax (a reasonably major arterial) and a block off of Venice (a massive arterial). It's south of Pico, which puts it in a less desirable neighborhood than north, though still north of I-10, which is more desirable than south. I think it was about 1,600 sq. ft., 3 bedroom, 2 bath. I noticed it because the agent on the sign is the agent we worked with when we bought our place.

    It went into escrow within a week and sold for $75k over asking at $1.325 million. It is also cray-cray out here.
    Last edited by Tom Servo; May 23rd, 2017 at 01:42 PM.

  3. #923
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    Yeah, real estate market is going nuts like it's 2005 all over again. My former business partner just sold a house for $120k which was 15 over asking. Not hugely impressive, except for the fact that its in a terrible neighborhood where the highest comps are in the $60-65k range.
    -Formerly Stabulator

  4. #924
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    At least we no longer have those crazy zero down no credit chk subprime loan driving up home values... I hope.

    I think currently, it's just the rich/speculators running out of things to invest in.

    Anyway, I really feel bad for the poor or renters in my neighborhood. Current rent is way above my mortgage payments, even including property tax! If you are a renter, you may appear middle class with your wage, but after paying your rent, you'd be barely making ends meet!

  5. #925
    Jedi Cam's Avatar
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    It's not like that here. Things in Columbia have been flat for ten years.

  6. #926
    Administrator dodint's Avatar
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    Sold my house in Sparta to the first person that looked and he paid cash.

  7. #927
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    Normal middle class buyers do not buy houses with cash.

  8. #928
    mAdminstrator Random's Avatar
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    Looked at Detroit real estate lately?
    Whoomah!

  9. #929
    Where are my keys? GB's Avatar
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    Until recently I've never heard of people offering MORE than the listed asking price for properties.

  10. #930
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    It was back in the days of the bubble - like 2004-08, and apparently its back.

    Look for real estate values to crater in the next few years.
    -Formerly Stabulator

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