|
Author
|
Topic: This just in....
|
Leonard
HMFIC
Member # 2
|
posted October 17, 2005 10:09 AM
Where will it end?
I'm going to sell my house and buy Nebraska.
![[Smile]](smile.gif) LB
See ya Thursday
SAN FRANCISCO (Reuters) - Soaring prices in California's housing market have shut out a record 86 percent of households from buying a typical home with a traditional down-payment, according to a study released Thursday.
Home prices across California have more than doubled since late 2001, increasing pressure on home buyers, who needed a minimum household income of $133,800 to buy a home at the August median price of $568,890, the California Association of Realtors said in its report.
--------------------
EL BEE Knows It All and Done It All.
Don't piss me off!
Posts: 31462 | From: Upland, CA | Registered: Jan 2003
| IP: Logged
|
|
Norm
Knows what it's all about
Member # 240
|
posted October 17, 2005 10:36 AM
go for it.... at least you are having a lucrative retirement...
--------------------
Carpe Diem
Posts: 778 | From: Phx AZ | Registered: Oct 2003
| IP: Logged
|
|
Cdog911
"There are some ideas so absurd only an intellectual could believe them."--George Orwell.
Member # 7
|
posted October 17, 2005 03:25 PM
Q's gonna be pissed now.
Like me. I just found out that trhe contract with my buyer went tit's up about 3 today. The guys failed to provide a letter to my realtor to confirm his financing, which was due on the 12th./ We just wrangled him up today to find out he hasn't found a job yet. Can you spell P-I-S-S-E-D!!! ![[Mad]](mad.gif)
--------------------
I am only one. But still, I am one. I cannot do everything, but still, I can do something; and, because I cannot do everything, I will not refuse to do something that I can do.
Posts: 5438 | From: The gun-lovin', gun-friendly wild, wild west | Registered: Jan 2003
| IP: Logged
|
|
2dogs
Knows what it's all about
Member # 649
|
posted October 17, 2005 04:51 PM
To bad, Lance. Did ya atleast get his "Earnest money" ![[Confused]](confused.gif)
Posts: 1034 | From: central Iowa | Registered: Apr 2005
| IP: Logged
|
|
Cdog911
"There are some ideas so absurd only an intellectual could believe them."--George Orwell.
Member # 7
|
posted October 17, 2005 07:43 PM
2dogs,
They put $500 down in earnest money. Fact is, there are twop realtors involved and the other one (other than the one I chose) decided to keep the fact that this buyer didn't have gainful employment until now, 5 days after they were to have provided proof of financing. I meet with realtors tomorrow to find out how/ why in the hell I was led into a contract with someone that they knew, for all intents and purposes, didn't have the means to meet the terms of the contract and no one told me. If I have my way, I made $500 off these putzes - a hundred bucks for each of the past five days when they willfully chose to try and screw me.
--------------------
I am only one. But still, I am one. I cannot do everything, but still, I can do something; and, because I cannot do everything, I will not refuse to do something that I can do.
Posts: 5438 | From: The gun-lovin', gun-friendly wild, wild west | Registered: Jan 2003
| IP: Logged
|
|
2dogs
Knows what it's all about
Member # 649
|
posted October 17, 2005 08:01 PM
Roger that, Lance.
Sounds like a new rifle coming, to you ![[Cool]](cool.gif) .
Flush'em out Teddy, get'em ![[Wink]](wink.gif)
edited; Because I'm tired.
[ October 17, 2005, 08:36 PM: Message edited by: 2dogs ]
Posts: 1034 | From: central Iowa | Registered: Apr 2005
| IP: Logged
|
|
Jack Roberts
Knows what it's all about
Member # 13
|
posted October 17, 2005 10:19 PM
The absolute minimum upfront money is 2% and that only when the rest of their financials look good. 5% upfront is not an unreasonable amount to demand.
Jack
Posts: 499 | From: Elko NV formerly MD | Registered: Jan 2003
| IP: Logged
|
|
Jack Roberts
Knows what it's all about
Member # 13
|
posted October 17, 2005 10:37 PM
Leonard,
I could tell you stories about east coast housing prices that make CA look like bargain basement stuff.
How about a typical 1900 farm house, one bathroom and 2 bedrooms on the second floor, parlor, dining room and kitchen on the first floor, no insulation, all wood exterior. Field stone foundation with a dirt partial basement. An absolute maintenance nightmare and will cost probably $10,000 a year to heat and AC. It does have central heat if you can consider central heat as one heating vent in the center of the ground floor? It is on a 3/10 acre lot, but except where the house sits is too steep for anything. The reason I noticed this house for sale is because it was my great aunt's till she died 30 years ago.
And all this can be yours for only $699,000(firm). I would not accept it as a gift.
Jack
Posts: 499 | From: Elko NV formerly MD | Registered: Jan 2003
| IP: Logged
|
|
Timberghozt
Knows what it's all about
Member # 707
|
posted October 18, 2005 03:18 AM
Dayummm ![[Eek!]](eek.gif) That is unbeleivable the price some of you fellas have stated..You all could get a super nice home here in Texas for way.way less...
As a bonus,the coyote hunting here in Texas is pretty good too... ![[Big Grin]](biggrin.gif)
--------------------
http://www.handloadersbench.com
Posts: 48 | From: Salado, Texas | Registered: Sep 2005
| IP: Logged
|
|
Bud/OR
Knows what it's all about
Member # 450
|
posted October 22, 2005 11:04 AM
Boy-oh-boy... Guess I'll have to keep our little house on 1/3 acre, that we bought in '74 for $21,500. We are in the proccess of my retirement..again. I retired once in 1990(30 yrs. as a bricklayer) then went to work for the Dep. of Transportation in '93. My kids are always ragging at me to 'buy Mom a new house'.
Luckily, Mom is 'as happy as a pig...', Oh, sorry. Thats already on the 'Analogies' thread.
Bud
Posts: 51 | From: Oregon | Registered: Nov 2004
| IP: Logged
|
|
|
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
