Jatta Pake Posted February 27, 2007 Share Posted February 27, 2007 I was quietly reading a digital comic book at lunch when I decided to check the local news. Oh. My. God. I am SO glad I've waited to buy a house here in Los Angeles. I've been watching prices plunge for six months, believing that the economy was going to unravel due to the local housing bubbles on the coasts. I think the market is starting to show some of the doom predicted by a slew of sky is falling economists. I wonder what will happen? The Midwest is immune (in my opinion) but us coasters are going to get hosed during this coming recession. Watch out! Quote Link to comment Share on other sites More sharing options...
rsprin Posted February 27, 2007 Share Posted February 27, 2007 Yeah new housing prices, ANY new construction is down big time as well as manufacturing. Well actually New commercial construction is up a bit. The company I work for manufactures nails, staples, and constructon tools. Can you say "Monster.com"? Quote Link to comment Share on other sites More sharing options...
Webhead Posted February 27, 2007 Share Posted February 27, 2007 I bought a new construction house in July, and I freaked at the price I got it for the size. Quote Link to comment Share on other sites More sharing options...
luke314pi Posted February 28, 2007 Share Posted February 28, 2007 The engineering company I work for designs residential subdivisions, as well as roads, bridges, etc. Guess which part of our business has slowed to a crawl? Quote Link to comment Share on other sites More sharing options...
Amazing.JL Posted February 28, 2007 Share Posted February 28, 2007 About how much were prices in the west coast. I think any city property is high priced. By me a single family home in the city around a not so bad neighborhood goes for 300K(Crap) - 400K(Somewhat decent). The market has skyrocketed the value of homes excessively in the last decade. What's actually happening in chicago is all the rich folks are buying the city property to push the poor people out more. This also has made the middle class move out to the burbs farther away. Not to mention condos taking over. Quote Link to comment Share on other sites More sharing options...
Cobra Racer Posted February 28, 2007 Share Posted February 28, 2007 About how much were prices in the west coast. I think any city property is high priced. By me a single family home in the city around a not so bad neighborhood goes for 300K(Crap) - 400K(Somewhat decent). The market has skyrocketed the value of homes excessively in the last decade. What's actually happening in chicago is all the rich folks are buying the city property to push the poor people out more. This also has made the middle class move out to the burbs farther away. Not to mention condos taking over. Well my house here in California, the Bay Area was $650,000. It is a 980 sq. ft. house built in 1947. The house needed major work, and we spent probably around $50,000 over the past two and a half years fixing nearly everything... new plumbing, wiring, sheetrock, painting, siding, insulation, and refinishing the hardwood floors. Quote Link to comment Share on other sites More sharing options...
The_Donster Posted February 28, 2007 Share Posted February 28, 2007 I'm too scared to ask my wife what our property tax is Quote Link to comment Share on other sites More sharing options...
AdyCarter Posted March 1, 2007 Share Posted March 1, 2007 Think you're economy is fecked? Come to England. A small one bedroom flat costs around $450,000 Quote Link to comment Share on other sites More sharing options...
Alpheon Posted March 1, 2007 Share Posted March 1, 2007 A small one bedroom flat costs around $450,000.That's precisely what it is around here in Portland, Oregon. $450,000 for a single bedroom. It's why I'm trapped in my house; I've never moved, there's no where to go! Quote Link to comment Share on other sites More sharing options...
AdyCarter Posted March 1, 2007 Share Posted March 1, 2007 A small one bedroom flat costs around $450,000.That's precisely what it is around here in Portland, Oregon. $450,000 for a single bedroom. It's why I'm trapped in my house; I've never moved, there's no where to go! You're either joking, or wrong Quote Link to comment Share on other sites More sharing options...
Reideen1313 Posted March 1, 2007 Share Posted March 1, 2007 Wow. Almost makes me want to rethink my plan to move in a few years. Our house was approx 1100 sq feet and we paid $85,000-ish. The one we're in now is about 1200 sq and was about 110,000. Quote Link to comment Share on other sites More sharing options...
Shanester Posted March 1, 2007 Share Posted March 1, 2007 Pre-Katrina, I bought my 2300SQF house out of a divorce settlement for the meagher $220K. I've put a lot of work into the house, but mainly to make it my own. POST-KATRINA: Because my neighborhood did not flood, early estimates on the local housing market crunch put the value of my home around $400K. Prices have since come down somewhat, but still hover well over what I paid. Quote Link to comment Share on other sites More sharing options...
Cobra Racer Posted March 1, 2007 Share Posted March 1, 2007 There are parts of the country where I can buy a house just with the money I paid in interest in the last year on my house. But along the same lines, my house has also appreciated a lot over the past two and a half years of owning. It is a decision that has to be made of pay a little and sell for a little, or pay a lot and make a lot. but, it really doesn't matter if you don't ever want to move anyway. Quote Link to comment Share on other sites More sharing options...
SymbioteSpawn Posted March 8, 2007 Share Posted March 8, 2007 A decent house in the suburbs in San Diego California is well over 1 million dollars. As for Condiminiums my family just purchased ours for 300,000 dlrs and it isn't really that big 3 rooms 2 1/2 bath. Quote Link to comment Share on other sites More sharing options...
Jatta Pake Posted March 13, 2007 Author Share Posted March 13, 2007 Sell, sell, sell!!!!!!!!!!!!!!! *watches brokers leap from buildings* Quote Link to comment Share on other sites More sharing options...
Alpheon Posted March 13, 2007 Share Posted March 13, 2007 A small one bedroom flat costs around $450,000.That's precisely what it is around here in Portland, Oregon. $450,000 for a single bedroom. It's why I'm trapped in my house; I've never moved, there's no where to go! You're either joking, or wrong Well, I meant $450,000 for a single bedroom HOUSE, not just a single bedroom --and it's just my neighborhood I'm talking about (not a mansion hill neighborhood, just a neighborhood). Quote Link to comment Share on other sites More sharing options...
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