Why Homes becomes so pricey now?

yeah It sounds good! How much did you buy the house in SC?

Reba said:
For under $200,000 here you can get a 2,000 sq.ft. house, attached 2-car garage, 4 bedrooms, 2 1/2 bathrooms, fireplace, deck, hard-wood and ceramic tile floors, and a community swimming pool.
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I grew up all of my life in Illinois but I lived in Tenn for a short time when my dad was in the army.
 
FelixKat930 said:
yeah It sounds good! How much did you buy the house in SC?
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We bought our house several years ago for $112,000. Right now, it would probably sell for about $185,000.
 
i need to get out of my city it is expensive
and it is boring

i am bored out of my mind to live in same place for long time UGH
 
pek1 said:
Cite your sources, TFWFalcon. I'm a real estate agent and none of what you said is true. If 6.5 percent interest on a 30-year mortgage is high to you, the last time it was this high was back 50-60 years ago, still dirt cheap.

Since we're talking mortgages here, take a look at this link. http://www.startribune.com/206/story/217995.html
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you misunderstand....lumbers prices is raise cause house prices go wild. go check lumber stock prices. My parent house which they bought way back to 1969 and rate was 2 percent. I was surprise.
 
moonflower said:
i need to get out of my city it is expensive
and it is boring

i am bored out of my mind to live in same place for long time UGH
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Are you from Detroit area?
 
:) Wow, its' not a bad price!

QUOTE=Reba]We bought our house several years ago for $112,000. Right now, it would probably sell for about $185,000.[/QUOTE]
 
here in willmar,mn for a nice house 1,700 sq feet, 3 bedroom, 2 bath, finished basement, fireplace you can get the price of $115,000.

the same size and feature in twin cities, MN will be $250,000. it depends on where the house is at. and how the job surround is.. if the job rate is high (high income) then the house price is higher..
 
Not really blame on Bush, which I dont like Bush at all .. But he screwed up the economy though..

more likely blame on government in each states..

since state tax.. not federal tax..

they go high on state tax, property tax, & whatever..

everything are pricey right now because of economy..
 
No, most of waterfront properties isn't even in hurricane alley. Here is perfect example, Minnesota got plenty of lakes, hence this makes plenty of waterfront properties, do they have to deal with hurricanes? I think not.
Y said:
Would this be possible that the number of
demands for waterfront homes decrease
in the future because too many people are afraid
of these hurricanes ?
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Bought ours in So. Ca for 165; recently appraised for 504, 500. So if real estate prices take a dip, we are still okay because there's a lot of distance between what we owe and the current 500k valuation.
 
I am into looking for a house but not interesting any fancy or expensive house. Just to feel comfortable home for the rest of my life and knowing that my son will leave the nest someday. :D
 
TFWFalcon said:
you misunderstand....lumbers prices is raise cause house prices go wild. go check lumber stock prices. My parent house which they bought way back to 1969 and rate was 2 percent. I was surprise.
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No doubt prices have gone up since 1969, hello, that was over 37 years ago, duh! :doh: A house for sale for $100K then was expensive, now, what can you buy for that amount, nothing! The price for a cheeseburger at McDonald's has gone up, too, so let's quit saying the lumber prices alone are higher, shall we? It is the market. Read the business section of your newspaper and you'll learn more than you could ever imagine.

By the way, what were the interest rates five years after 1969 and all the way to 1980? Double-digits!
 
Tousi said:
Bought ours in So. Ca for 165; recently appraised for 504, 500. So if real estate prices take a dip, we are still okay because there's a lot of distance between what we owe and the current 500k valuation.
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Here in Minnesota, it's a buyers market. Just because your house is appraised for $504K doesn't mean that if you listed it, then sold it, you would get that price.
 
DeafSCUBA98 said:
here in willmar,mn for a nice house 1,700 sq feet, 3 bedroom, 2 bath, finished basement, fireplace you can get the price of $115,000.

the same size and feature in twin cities, MN will be $250,000. it depends on where the house is at. and how the job surround is.. if the job rate is high (high income) then the house price is higher..
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That's precisely right, DeafSCUBA98. It all leads to three factors: 1. Location. 2. Location. 3. Location. Willmar is far enough from the cities that this is the market for that price and, yes, that same house in Maplewood (suburban Saint Paul) would market for that amount, give or take. That doesn't mean, however, that the owner will get that amount. Due to the market belonging to the buyers right now, there are about 5.1 houses per buyer. My broker told me she sold the house I met her at, but after the first week of it being on the market, the owners brought the price down $10K. And this is in a high-demand Maplewood neighborhood!
 
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