My wife and I watch Flip This House and always see houses that some young couple buys, fixes, and then tries to resell for a tidy profit
I've seen a few episodes where they buy a Craftsman style home for "only" $600,000 dollars, put another $100,000 into it then try and sell it for $800,000.
The first thing I do is wonder what do they do to be able to get a loan on a $600,000 dollar home? Our Craftsman home was built in about 1929. Ours cost us about $60,000, the average price of other similar homes in our town. Is it really "location, location, location?" Is the housing market really that insane in other areas of the country (we live in Missouri)?
2006-09-18
12:47:08
·
4 answers
·
asked by
jdnmsedsacrasac1
4
in
Decorating & Remodeling