I am going to be very broke for a long time.
- Thread starter Rogue Cobra
- Start date
Rootus
Officially Addicted
Congrats, Patrick, that's awesome! And if you're able to afford to keep the toys, that's even better. Excellent!
Dave
Dave
just courious what you paid for it and what you get? news channel 8 did a story on house prices and for what you get here for $256,000.00 you get a whole lot more in texas. and for the same amount of money you get a 1 bdr with 1 car garage and it's like 800 SQ. FT in seattle. a lady said they make it harder and harder for the average person to afford one. peace
john
john
That's the way it is in So. Cali because the markett is so out of control. If you don't have a job that pays you a million or more a year or at least $4-500k in equity in your house already then first time home buying is not going to happen.
Hell they started selling apartments, as you could buy an apt from the apt complex that you were living with and a 800sf apt 5 years ago was $250k and I can't even imagine where they are now.
My wife and I are looking right now at a place that's not too bad, it's 1,799sf with two car garage and huge back yard with RV parking for $245k.
Owning a house scares me but is kind of exciting all the same.
Hell they started selling apartments, as you could buy an apt from the apt complex that you were living with and a 800sf apt 5 years ago was $250k and I can't even imagine where they are now.
My wife and I are looking right now at a place that's not too bad, it's 1,799sf with two car garage and huge back yard with RV parking for $245k.
Owning a house scares me but is kind of exciting all the same.
89SportVert
Active Member
I've had mine for 10 years and it has increased 70%. Not So-Cal great but better then a jab in the eye with a sharp stick. Congrats on your acquisition!
jordanvraptor
Founding Member
The Factor
New Member
WaterPog
Founding Member
for all you guys who keep complaining about housing prices I've got 3 words...
Urban Growth Boundary
Keep voting for people who won't do anything about that (read democrats, and rhinos) and housing prices in oregon will continue to spiral out of reach of normal people.
On a happier note, looks like a real nice place there, congratulations.
Urban Growth Boundary
Keep voting for people who won't do anything about that (read democrats, and rhinos) and housing prices in oregon will continue to spiral out of reach of normal people.
On a happier note, looks like a real nice place there, congratulations.
Rootus
Officially Addicted
It's not quite that simple. Even without pushing the urban growth boundary ever farther into the sticks, capitalism will take care of this price/income mismatch. Always does.WaterPog said:
Dave
that there in L.A. that for $500,000.00 you could get a decent house BUT for $250,000.00 you could get a real "FIXER UPPER" 
hicalibrbulit
New Member
Congrats on your purchase Patrick. A very good place for your money right now, if the housing market maintains this rate of increased values (unlikely, but worth the gamble). There's not a better long term investment around. Having moved from SoCal, we were able to triple the size of our house for less than we sold for. Of course, we can never move back!
WaterPog
Founding Member
Rootus said:
no, in this case it really is that simple.
The problem is that the land just isn't there, in no small part because of the grown boundary.
Capitalism will take care of it, by forcing most "working class people" into high density housing, aka apartments and condos.
The free market can't fix the problem when the supply is artificially limited by government.
BLK_DVL
New Member
lamrith
Founding Member
I know up here the prices spiked moslty in the last year or so. Our house sat at 20% for a while. Based on what I have heard in the last few months in the immediate area, it has probably jumped to to 65% now. and that has been in a year or two a solid 45%+ jump.
Congrats on the house man. It really is worth the time and $$ Remember put the project car at the far end of the garage from the house.. that way when the significant other comes and goes she may not see all the goodies you are sneaking onto it!!
Congrats on the house man. It really is worth the time and $$ Remember put the project car at the far end of the garage from the house.. that way when the significant other comes and goes she may not see all the goodies you are sneaking onto it!!
Thanks Everyone! I am sure it will be a good thing. I am right now in the "OMG, what did I do phaze". For right now I will be parking the Vette in the middle of two, so I can work on it(detail). I would like to think someday I will fill the other space with a new GT-500 or maybe a 69 Mach 1. That would be cool. Of course the new GT-500 would have to be red with white stripes.
Patrick
Patrick
