We rent. A nice place. Nice neighbors. Nice area. And a whole s-load of money left over to play with investments. I could buy a house outright right now. Why? In ‘03 I looked at a nice condo in Santa Clarita for $175K. Four years later the same thing goes for $450K. Something is wrong. And my money says no.
>>Something is wrong. And my money says no.<<
Bob, you are no doubt the smart one, here.
Yes - something is wrong. And that is why I am keeping my gas tank full, extra cash on hand, my cupboards full of staples, and several months of bottled water in my garage.
Something is very wrong..........
>>Something is wrong. And my money says no.<<
Bob, you are no doubt the smart one, here.
Yes - something is wrong. And that is why I am keeping my gas tank full, extra cash on hand, my cupboards full of staples, and several months of bottled water in my garage.
Something is very wrong..........
My wife and I like to watch the "flip that house" style shows. We both find it fascinating that three realtors come in, look at the same house, and give pricing estimates as much as 10% to 15% different from each other. The fact that the so-called "professionals" can't figure out within 5% or so what the house is worth tells me that they're just making up the prices and hoping for the best.
“In ‘03 I looked at a nice condo in Santa Clarita for $175K. Four years later the same thing goes for $450K. Something is wrong. And my money says no.”
Well, either something is very wrong, or you missed a huge opporunity by not buying it then at that price. I don’t pretend to know which, but it doesn’t really make sense to me that the value of that home increased by over 150% in 4 years.