who here is a homeowner?
04-30-2005, 06:03 AM
#1
1.5 BAR
Thread Starter
Join Date: Mar 2003
Posts: 778
who here is a homeowner?
so yeah, i just bought my first house. ----, i wish i had done this two years ago, house prices here doubled/some tripled in the last two years. now i have a garage to work on my car, but no money to spend on parts :P. i came in too late to make any money investing into real estate here since the market leveled off (median price of a house is now 300k, was 140k two years ago). either way, i figure i can build up some equity instead of throwing money away on rent. kind of like investing into stock that you know will only go up.
well, who else here owns a house? also, how is the market in your area? i know if i lived in cali i could never have afforded that ----. ----, my grandparents sold some small *** old house on stilts on the side of a steep *** hill in the bay area for 600k. but i hear real estate in the southern states is cheap as hell, and that you can get a large house on a couple of acres of land for around 100k. i also hear arizona and texas have reasonable prices on real estate. also, im kind of ghetto and want to do house modifications myself if i can learn how. if you got any links to some good home improvement forums/websites then post up.
well, who else here owns a house? also, how is the market in your area? i know if i lived in cali i could never have afforded that ----. ----, my grandparents sold some small *** old house on stilts on the side of a steep *** hill in the bay area for 600k. but i hear real estate in the southern states is cheap as hell, and that you can get a large house on a couple of acres of land for around 100k. i also hear arizona and texas have reasonable prices on real estate. also, im kind of ghetto and want to do house modifications myself if i can learn how. if you got any links to some good home improvement forums/websites then post up.
04-30-2005, 07:01 AM
#2
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Join Date: Mar 2004
Posts: 0
Re: who here is a homeowner?
We own our home and prices in CT have about leveled off. We have a little Cape style house and small yard. Since we bought it 2 years ago we have already gain 30K on the price we bought it at. I don't have a garage, that is the only draw back. We may sell in a few years, then it I will get a house with an oversized 2 car garage.
04-30-2005, 08:11 AM
#3
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Join Date: Dec 2002
Posts: 362
Re: who here is a homeowner?
The reason the housing market down south (except for a few local areas) is a little softer than it is out west is average pay. I was in LA once for work and they were paying the install crew out there $37 per hour.About 3 months later I was in FL and a crew doing the same thing was getting $16 . Even at $37 per hour most of those guys didn't have a house because they couldn't afford one. 
I'm in MN and prices have been going up for a long time but it must be slowing down because its taking longer to sell houses. You can still get a nice house within driving distance to the metro area for $200,000.
I'm in MN and prices have been going up for a long time but it must be slowing down because its taking longer to sell houses. You can still get a nice house within driving distance to the metro area for $200,000.
04-30-2005, 08:54 AM
#4
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Join Date: Aug 2004
Posts: 709
Re: who here is a homeowner?
Where I live its still very CHEAP! I inherited 5 acres a few years back and own a 3/2 house with a 3 car garage. All paid for 
64k I guess pinching pennies paid off in my younger years. Its not a brick house like most in FL but it does just fine. Not the biggest at 2800 square foot but I could turn around tomorrow and sell it for a profit. On the other hand housing in the neighboring cities is outrageous in prices. A buddy of mine just sold his for 320k and bought it for 205k 2 years ago! Insane the way houses are going in the Fort Myers/ Cape area. I live out in the sticks. No Wal-Mart, no movie theater, not even a bowling alley lol!
64k I guess pinching pennies paid off in my younger years. Its not a brick house like most in FL but it does just fine. Not the biggest at 2800 square foot but I could turn around tomorrow and sell it for a profit. On the other hand housing in the neighboring cities is outrageous in prices. A buddy of mine just sold his for 320k and bought it for 205k 2 years ago! Insane the way houses are going in the Fort Myers/ Cape area. I live out in the sticks. No Wal-Mart, no movie theater, not even a bowling alley lol!
04-30-2005, 09:37 AM
#5
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Join Date: Jan 2004
Posts: 5,708
Re: who here is a homeowner?
where i live in MN nice decent houses are 300K+. so me and my bro went to another city to buy. as of now theres just a hole. hopefully haha havent went to check 
oh and the house that we got ended up to be 292k for a nice one
oh and the house that we got ended up to be 292k for a nice one
04-30-2005, 10:01 AM
#7
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Join Date: Sep 2003
Posts: 5,448
Re: who here is a homeowner?
my dad built this house for 100 thousand in the late 70's early 80's. he is now asking 800 thousand. we have had several offers, not to mention an offer for a million dollers for a property in greece. and the property in greece is just some mountain property with no house on it. lol.
04-30-2005, 10:29 AM
#9
1.5 BAR
Join Date: Mar 2003
Posts: 1,190
Re: who here is a homeowner?
I own a house... our market here in NM is still growing pretty strong; you can get a nice 3br 2 bath here for around 150k (Albuquerque). Still worth investing in. Also try investing in condos--you can rent them out and turn a nice profit.
04-30-2005, 10:47 AM
#10
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Join Date: Feb 2004
Posts: 1,211
Re: who here is a homeowner?
my girl and i bought our townhouse about 1 1/2 years ago and we have doubled our money (200k to 400k) and the ---- is still going up i just saw a report on the local news and they said the average price for a house in SAN DIEGO is 500k, like quick crx said.. i like to think of it as a nice invesetment 
i just saw a report on the local news and they said the average price for a house in SAN DIEGO is 500k, like quick crx said.. i like to think of it as a nice invesetment
