i think the price of a house invirtually all larger cities in the united states is just bull sh it., You've got these piece of sh it houses selling for 250,000 that would have sold for 135,000 five years ago, your monthly payments would be like 1600 per month.
2007-01-14 14:24:17 · 6 answers · asked by the d 6 in Business & Finance ➔ Renting & Real Estate
It's ridiculous. I bought out of fear over a year ago and thank heavens I did, because I wouldn't be able to afford my place now. It's increased $45k in a year. So I'm using the equity as a down payment in my next place, because I want something bigger.
No one in my area (western washington) can afford a home on their own unless they're making a ton of money. I want to get a place with my boyfriend and with our combined equity, we can pay down the cost, but homes are so over valued, that it sucks that we're paying for something that isn't worth the price tag AND is 8 feet from the neighbor.
I couldn't imagine forking out $1600 a month on mortgage! Especially on my own.
2007-01-14 14:59:24 · answer #1 · answered by LifesAMystery 3 · 0⤊ 0⤋
$250K ? We haven't seen $250 in 10 years ! All that gets us is a studio condo with $300 month HOA fees.
I was fed up for the last 25 years, but that didn't really change anything. We had a couple year downturn around the late 1980s but that was definitely temporary.
Welcome to planet earth, over population and high prices !
And when you get time, get Netflix to send you Soylent Green so you can see the rest of the future.
2007-01-14 22:35:51 · answer #2 · answered by kate 7 · 1⤊ 0⤋
Just hold off another 3-5 years when those homes are in foreclosure selling for pennies on the dollar. You'll be glad you waited. So many people are living above their means and will eventually pay the price when jobs are lost, variable interests shoot up, and inflation further attacks the marketplace.
2007-01-14 22:34:01 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Yep but do you know why the price are so high? It was not done with honesty, check out this web site and learn how they scammed everybody and made the bubble.
http://www.breakingbubble.com/index.htm
2007-01-14 22:30:50 · answer #4 · answered by Anonymous · 0⤊ 1⤋
not all, i am in the real estate, and we are selling a cheap houses but high quality. and only $40/ week.
2007-01-15 03:41:00 · answer #5 · answered by maylene_biz 1 · 0⤊ 0⤋
Too bad but I just bought one for $267,500 and I'm 24 years old. So i can do it you can too
2007-01-14 22:29:14 · answer #6 · answered by Anonymous · 1⤊ 1⤋