Re: Wanna buy a townhouse?
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Joined: Apr 2003
Posts: 5,236
axiomite
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OP
axiomite
Joined: Apr 2003
Posts: 5,236 |
yeah, moving farther away isn't an option.
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Re: Wanna buy a townhouse?
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Joined: Apr 2003
Posts: 5,236
axiomite
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OP
axiomite
Joined: Apr 2003
Posts: 5,236 |
Wow! It looks looks like a nice place. Actually very similar to our first home that we bought in 1995 except that we bought it for about the amount that your price dropped. You guys are killin' me.
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Re: Wanna buy a townhouse?
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Joined: Oct 2006
Posts: 6,955
axiomite
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axiomite
Joined: Oct 2006
Posts: 6,955 |
Sorry. However, don't forget that our wages here also reflect the lower cost of living. So although I know nothing about the economy in that state, I'm thinking that the end result is not as far off balance as it seems. At least, I hope so.
With great power comes Awesome irresponsibility.
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Re: Wanna buy a townhouse?
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Joined: Apr 2003
Posts: 5,236
axiomite
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OP
axiomite
Joined: Apr 2003
Posts: 5,236 |
I'm assuming (hoping) that's the case. I assume though I may make more per year, it's all gobbled up by the housing costs so it evens out. The real goal is to get a house here, build a huge pile of equity, then retire somewhere outside of southern cal. My dream would be to buy a nice year round cabin on a lake somewhere. (Getting Roger out of the city will be the tricky part - he's a total city mouse.)
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Re: Wanna buy a townhouse?
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Joined: Feb 2006
Posts: 6,471
axiomite
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axiomite
Joined: Feb 2006
Posts: 6,471 |
When I finished residency in 2001 and moved to Virginia, I gulped when I bought a house for three times the price (but less than double the square footage) of the one I sold in South Carolina. I'm glad I bought it, though, because even after the bubble of a couple of years ago bursting, it would cost me twice as much now to buy what I bought in 2001. BTW, for $800,000 in this county, you get a 4000 sqft home in the county's most prestigious gated community, with Arnold Palmer golf course, private country club, huge private lake, and an Audubon-certified sanctuary.
Bears, beets, Battlestar Galactica.
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Re: Wanna buy a townhouse?
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Joined: May 2003
Posts: 2,185
connoisseur
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connoisseur
Joined: May 2003
Posts: 2,185 |
Good luck in your search. Most times, especially in California, it's all about luck and timing. We've used up a lifetime of that. Even in the high priced Bay Area, we've been able to buy in great neighborhoods at just the right time. We've tried to buy the least priced house in the best neighborhood we could afford. Our previous house was bought in 2003 when Bush just declared war in the Middle East. We got it under asking and sold last year for a 65% profit. We lucked out in our current house because it's a mid century style that you either like or hate (Eichler). Even in this bad market, we figure we've made about 20% already, considering neighborhood houses have sold for almost 7 figures above ours. Yes, that a 7, CRAZY CRAZY market in the SF Bay Area. Blame the 25-year millionaires at Google/Facebook and the Venture Capitalists...
The moral is keep looking. You just gotta find that diamond in the rough. This last house took us about a year of looking, while at the same time we were drawing up plans for a remodel because we'd just about given up being able to afford a bigger house.
Last edited by oldskoolboarder; 08/25/08 09:04 PM.
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Re: Wanna buy a townhouse?
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Joined: Nov 2007
Posts: 868
aficionado
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aficionado
Joined: Nov 2007
Posts: 868 |
Good luck on your search, finding the right place requires patience, persistence and a little luck.
Dave
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Re: Wanna buy a townhouse?
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Joined: Apr 2003
Posts: 5,236
axiomite
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OP
axiomite
Joined: Apr 2003
Posts: 5,236 |
wow...interest in our place has been amazing. We had an early private showing on Sunday. Our "agent caravan" was today, and there were 2 1/2 pages of sign ins.
An agent sent a client to view the place at the caravan today, and now the agent is coming tonight to see the place herself before writing up an offer.
We've got more private showings Wednesday night, Thursday night, and Saturday morning. Our official first public open house is Sunday! At this rate, we may be packing boxes dang soon!
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Re: Wanna buy a townhouse?
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Joined: Apr 2003
Posts: 16,441
shareholder in the making
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shareholder in the making
Joined: Apr 2003
Posts: 16,441 |
Exciting times are coming! I'm done painting now so I can be happy for you.
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Re: Wanna buy a townhouse?
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Joined: Jul 2006
Posts: 12,077 Likes: 7
Founder, Axiom Upgrade Club shareholder in the making
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Founder, Axiom Upgrade Club shareholder in the making
Joined: Jul 2006
Posts: 12,077 Likes: 7 |
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