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View Full Version : A good time to leave


coz
05-05-2008, 12:02 PM
We sold in OC in 2006 and the houses in my old hood are selling for almost 200k less than what we got http://realestate.msn.com/Buying/Article_busweek.aspx?cp-documentid=7042488&GT1=35000 I got out just in time :rolleyes: there are still houses in my old hood that were for sale when I listed mine almost 2 years ago, sad sitch in OC.

flipper
05-05-2008, 12:09 PM
Yup, it's like that all over. I'm pretty lucky in that I don't plan on moving for a long time. If I had to, I would be up a creek

wakeX2wake
05-05-2008, 12:20 PM
i think the town i live in is the only market in the whole country where home prices haven't dropped... not great news for someone looking to get in the market

coz
05-05-2008, 12:44 PM
Yup, it's like that all over. I'm pretty lucky in that I don't plan on moving for a long time. If I had to, I would be up a creek

Let me give you an example of the difference of the outreageous home prices in cali from az. I bought this 10 year old 2000 sqf house w/pool on a 13,000 sqf lot with RV storage on the side for 339,000k, this house in cali would be around 8-900,000k for it's size, maybe more depending on location.

http://farm3.static.flickr.com/2008/2038067986_433af2597f_b.jpg
http://farm3.static.flickr.com/2348/2428666197_d624f36b71_b.jpg
Click the pics for large size

Like I said, got out just in time.