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no worries. It is OVER. We are only going to see appreciation as long as you did not pay bubble price.
Congratulations. I recommend for your own sanity that you don't look at the listings in that area for the next few years.
Holy crap you got a good deal! Somebody paid 465 k back in 2005 for your house and you got it for 330K? Just insane!
Oh hell, time for me to go house hunting in this case. I would love to go house hunting for a cabin on the Pacific coast Washington.
Dear doomer Klarek - It is over. The doom party is over. It is time to buy now. Market is heating up so just go buy a house that is priced right. Don't wait too long.
330K for 900 ft^2? are you kidding? what the heck would a 2br rent for there??
Unless rents are 2500 a month for this type of dwelling, you seriously overpayed...
The rent is with $1200/month for two bedrooms.
Wow! That is little too much for that house :-) but it is a single family residence so may be you are ok.
price will likely fall along ways then.... price is way too high compared to rent.
Don't listen to azrob he will always be a doomer no matter what. The guy is an investor waiting for a house to swoop in when he can get it for 25cents on the dollar. It's human nature to use scare tactics!
824 sq ft
2 bedrooms
$400 / sq ft
thats a deal?
in my opinion
that is a small house
looks like this house decreases in value at $7000 month
let us know if you are "underwater" next month
and you should change the status on zillow to "sold"
anyways
good luck
don't listen to doomers he has never said anything intelligent in his life...doesn't understand economics at all, and can't get a loan for his construction house in the seattle area, which he will be under water on immediatley...
"Dear doomer Klarek - It is over. The doom party is over. It is time to buy now. Market is heating up so just go buy a house that is priced right. Don't wait too long."
I think it's too early to call that. Considering you back up this claim with nothing, I suspect you too know this.
As I approach the end of my lease, still many months away, I'll contemplate buying. I have a feeling these ARM resets that are peaking now won't end up on the market for several months to piledrive prices down.
"Considering you back up this claim with nothing,"
Bingo, this "formerdoomernowCL" is gunning for the title of "Biggest Empty Bag Of Wind Cheerleader Zillow Has Ever Seen."
He has an excellent shot to win.
Waiting4Ever, I love your Haikus. Or are they sonnets? They flow nicely and are very peaceful to read.
I dont I think they are stupid
well, better fishy then poopy
so
so what?
The house is small for the price...but with the California coast right there I don't know...There's so much to consider (Bay area commute, proximity to San Jose)...I can't tell if you got a good deal or not..or whether the area will go up or down from here (I guess that's why I work with plants). Anyways congrats...
oh yes I should apologize for my hijack and offer my congrats....if it makes you happy that is really all that matters.
That is one tiny house. I would not expect it to hold its value, especially with the 1 bathroom situation. In my area, that house would be a tear down; unsellable.
... and, it's free and anonymous
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Just bought, not sure the price in this area will still decrease in value.
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Willbuy08
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Hi Everyone, I am so excited that we just closed the escrow and will be moving to the new home next week.
I am not sure how much more will this area decrease in value.
area link: http://www.zillow.com/HomeDetails.htm?zprop=24985125
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