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Re: Wanna buy a townhouse?
pmbuko #218954 08/25/08 02:55 AM
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Yeah Peter, real estate do fluctuate. So at the moment you're irritated and Jenni's real happy, but things will fluctuate some more. Relax and enjoy that music.


-----------------------------------

Enjoy the music, not the equipment.


Re: Wanna buy a townhouse?
JohnK #218961 08/25/08 04:53 AM
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We had someone look at the place today...ahead of our first scheduled open house. So that's a good sign. \:\)

We also went around looking at open houses today. Found one very appealing place. We've been looking around for about 4-5 months, just to see what's out there and the place today is only 1 of 2 that we've really, really liked. Our place can't sell fast enough. \:\)

Re: Wanna buy a townhouse?
JohnK #218962 08/25/08 04:54 AM
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If you can make the payments and you don't plan on going anywhere soon the fluctuations don't matter, the market always cycles back up.


A computer once beat me at chess, but it was no match for me at kick boxing.
Re: Wanna buy a townhouse?
JohnK #218964 08/25/08 11:53 AM
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 Originally Posted By: JohnK
Yeah Peter, real estate do fluctuate. So at the moment you're irritated and Jenni's real happy, but things will fluctuate some more. Relax and enjoy that music.


 Originally Posted By: HomeDad
If you can make the payments and you don't plan on going anywhere soon the fluctuations don't matter, the market always cycles back up.


Yep, I totally agree with John and Michael. Peter, hang around and don't beat yourself up ... this ain't the first little bump in the road for the economy it certainly won't be the last. It's not going to last forever. \:\)


Rick
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Re: Wanna buy a townhouse?
RickF #218972 08/25/08 01:13 PM
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You guys aren't telling me anything I don't already know, but I appreciate it being repeated.

It looks much better now that the walls upstairs are freshly painted, though. Today after work, I'm doing the trim with bright white semi-gloss so it's easy to scrub off kids' sticky finger marks.

Re: Wanna buy a townhouse?
spiffnme #218973 08/25/08 01:24 PM
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 Originally Posted By: spiffnme
If we wanted a house in this neighborhood it's about $850,000 for complete tear down/refurb place. \:\(


Around here, for half that, you get get a 3 year old, three story, 4,390 sq. ft. custom built home with a water view. Small lot but it's indicative of the pricing trend.

I picked one with a winter picture just so it wouldn't make you feel too bad. Although annual taxes of only $2000 a year may send you for a loop considering it's only about 10 minutes from our cap. city of Charlottetown.

Waterview home.

Buy now though, people have finally figured out how much Americans will pay for a summer home up here and you can start to find a few waterfront lots listed for twice that much now. In comparison, I bought my acre of very beautiful waterfront property for only 30,000 about ten years ago.

Thankfully, general inflation has no way equaled waterfront property inflation.


With great power comes Awesome irresponsibility.
Re: Wanna buy a townhouse?
Murph #218981 08/25/08 03:22 PM
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Yeah, $2000/year for taxes would send me for a loop...a loop of JOY!

Re: Wanna buy a townhouse?
spiffnme #218983 08/25/08 03:26 PM
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Just to give you an idea what we're up against price-wise...

This is the nicest place we've seen in the area we want, anywhere near our price range (the very uppper limit of our range) and we're only looking at it because the price was just dropped $65,000.

Re: Wanna buy a townhouse?
spiffnme #218997 08/25/08 04:38 PM
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It sounds like you are determined to live in that area, the other option is to make a longer commute for more house. I used to commute from Huntington Beach to L.A., but then again the gas prices were much lower.


A computer once beat me at chess, but it was no match for me at kick boxing.
Re: Wanna buy a townhouse?
HomeDad #219003 08/25/08 05:25 PM
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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.


With great power comes Awesome irresponsibility.
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