Housing Price Trends

[Frank]

Re: laugh at this!!

Originally posted by Diana

By the way...I live in the Richmond district in San Francisco...the house next door to our flat is selling for $699,000!!! Its 100 years old, has no yard and is smack in front of a bus stop! LOL!!

That's amazing. How on earth can anyone afford to live in a place that costs so much? That's one thing that surprises me when I here about real estate prices out there. How do people afford it, since they make only marginally more money?

 

[Katie]

I am from Boston and the housing market is skyhigh up there. YOu need to drive 1.5 or two hours into Boston if you want affordable housing. And even out in that area it is getting pricey becasue of the commuter rails. I have no compliants about somd housing becasue I came from such a pricey area for rent and buying a home.

One of my friends is looking to buy and they are planning to spend 175K - 200K on a two bedroom ranch starter home.

 

[Cabbage]

This and that

We live on the intracoastal in a 4 bdrom home with a pier , gazebo and community pool. The home is 2300+ sq ft with an oversized 3 car garage and workshop. We built this home in 1994 and it's probably worth about $230K today.

In somd, we are clueless what a home like this would cost, but we know we could not afford it there.

We've built homes in St Louis, Florida, and we owned a condo in southern Cal. However, we have been out of the real estate buying business for 9 years and we're going into sticker shock on waterfront homes in Calvert County.

We may opt to stay put here in Florida.