Ok, I know these prices aren't nearly as bad as other places in the US, but this is not in a city, this is way out in a small town on an island (Whidbey) with not much as far as jobs.
I make 40K/year and decent houses start around $220K
I'd have to choose either to eat or to pay mortgage... This really sucks!
2007-02-08 07:29:46 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Be happy you have the option of buying a house, and be grateful you're not in south Florida! Most of the young couples consider $8 an hour great pay since there are such a low number of jobs, and a two-bedroom apartment is typically $1,000 to $1,200 a month to rent! My daughter and son-in-law barely make enough for diapers and food for their two kids, and since they have a boy and a girl, the law down here says after a certain age they MUST have a three-bedroom place. How in the world can anyone survive, let alone save enough money for a down-payment on a house?
The inflated prices are all a "beanie-baby" scam - the media hollers about how the prices are going up so everyone runs to buy - thus demand. They then have to pay the higher taxes to the government who is the ONLY winner in this mess!
2007-02-08 07:48:16 · answer #1 · answered by dragonwing 4 · 0⤊ 0⤋
WOW O_o Well don't you have a flaming ***** on your hands... Honestly you should walk away. This whole situation just doesn't seem right at all, I've got a bad feeling about this. I know you really REALLY like this horse, but this crazy lady is the thing that should have to turning and running the opposite direction. The problem is that this lady can't keep an agreement, and I have a feeling that you could run into some potentially bad situations if you buy this horse. For example: She sells you the horse, one month into you making payments she decides that she wants it back or that she wants more money (believe me it's happened to me, not with a horse but with something else). So if you do end up trying to purchase the horse from crazy lady, get an agreement signed by you and crazy stating the price you are paying that the both of you agreed upon and have a copy for you and her. This horse is not worth $3,000 and you can find a much better horse at that price. "My horse knows how to trip over ground poles so I'm going to give this poor girl who has been looking for horses for months a hell of a time!", I have a feeling she's going to keep doing this to you, trying to get every last penny she can out of you because she knows how much you love this horse. I think that you should call this lady up (or email, I saw your question about your fear of talking on the phone) and say "I'm not paying $3,000 for that horse, that's great that she can go over ground poles but so can my neighbors cat, so unless you and I can agree on a price that I can afford I'm walking away from this horse." You have to put the ball in her court, does she really want to lose a potential buyer? If she really is the money hoarding ***** she comes across as, she won't want to lose that money. And as the saying always goes, there are always more fish in the sea, but this time you'd replace the "fish" with "horses". So if she decides she'll just keep the horse or try selling it to someone else, you just keep on looking. I just don't see this situation turning out well, it'll just get messy and it isn't worth your time. Keep searching, I promise the right horse will come along!
2016-05-23 22:05:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Consider yourself lucky
I make 31k a year and the average housing price around here is close to 300k.
There are places with a higher income to cost of living descrepency.
I suggest moving to the midwest. That is what smart people are doing. Leave the coasts for the idiots willing to pay 2 million dollars for a 4x4 room.
2007-02-08 07:44:30 · answer #3 · answered by M O 6 · 0⤊ 0⤋
Get a condo. Whidbey Island is too close to the Seattle metropolitan area. People are willing to drive >1.5 hours each way daily to have a little bit of land here...
2007-02-08 07:37:21 · answer #4 · answered by contemplating 5 · 0⤊ 0⤋
This should tell you something about real estate. You had better get in on the buying now because in 3-5 years you are really gonna be cussing and pissed.
An old gentleman that use to work in an office I worked in once told me "Buy Real Estate and Wait, Do Wait to Buy Real Estate"
That saying is still true today. Ask your parents how much they paid for their home? There in lies the answer
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-02-08 08:00:31 · answer #5 · answered by Skip 6 · 0⤊ 0⤋
Pay the mtg. and find food somewhere. The only way anyone ever gets a head is to buy not rent real estate. The deductions on your taxes are enormous....actually not even fair. The appreciation will get you more money than you have ever had in your life....do anything you can to buy not rent....there are creative ways to do it....such as rent/to buy....talk to an expert before you give up....
2007-02-08 07:36:15 · answer #6 · answered by Patrick C 2 · 0⤊ 0⤋
$220k for Whidbey Island isn't too bad.. suck it up!
(don't worry - it's pretty much guaranteed to appreciate in value) the region between Vancouver BC and Seattle is poised for massive growth!)
2007-02-08 07:38:48 · answer #7 · answered by Anonymous · 0⤊ 0⤋
That's the market for you.
If houses are going for those prices, then clearly there are enough people with the money. Stinks for those that don't.
2007-02-08 07:37:45 · answer #8 · answered by Jay 7 · 0⤊ 0⤋
i dont know where you are looking but home prices ar high everywhere for small places with no yards.
2007-02-08 07:51:16 · answer #9 · answered by swimmyfishy 4 · 0⤊ 0⤋
Welcome to supply and demand economics.
2007-02-08 07:36:40 · answer #10 · answered by Anonymous · 0⤊ 0⤋