a steal at half the price

[ilanarama]

The house to our east is still for sale, and the price has been lowered to $415K.

The house to our west just went on the market, FSBO for $449K. It's 4BR/1BA by the grace of a previous owner having converted the garage to a tiny bedroom, built in perhaps the 1950s, boring and ugly (compared to our Spanish Eclectic bungalow and the painted-lady Victorian to the east), has an "oversized lot" which just means 60x150 ft instead of 50x150, and is on the corner with a very busy road.

Of course, neither of these houses is actually selling at these prices.

Comments

[de-wynken.livejournal.com]

Who Wants To Be A Millionare?

house prices out here are so inflated..and building new is insanely expensive due to the fact that La Plata doesn't require builders to be licensed (sounds good at first, but there's soooo many hacks..). I'm trying to find my mom a place around Oxford this winter, but even if her house in CT sells for 300k, she wont clear much over 100k after the mortage.. urg.

so many of those 400-500k houses in downtown need sooooo much work too..ugh.

[alembicresearch.livejournal.com]

I guess as long as the US's population keeps
on growing rapidly ... investing in real estate will always
be a winning proposition.

Unless someone figures out how to make a lot more land ...
like they're doing in Hawaii ... but much faster.
Or in Dubai in the United Arab Emirates, they're building
those man-made islands out in the gulf.