OT: We have a contract.............I want my car back.
05-22-2003, 12:46 AM
#16
Rennlist Member
GTR 993,
Your post cracked me up. My wife does the same thing when we moved into our new house. It was "too empty" and so she felt the need to fill the house with what I call "knick knacks", but she calls "essentials".
My theory: We buy bigger houses because we've filled our old one with too much "stuff". It's not that we truly need that much floor space.
Swftiii - Christ! And I thought my area was expensive... I'll stay here thanks.
Peter
Your post cracked me up. My wife does the same thing when we moved into our new house. It was "too empty" and so she felt the need to fill the house with what I call "knick knacks", but she calls "essentials".
My theory: We buy bigger houses because we've filled our old one with too much "stuff". It's not that we truly need that much floor space.
Swftiii - Christ! And I thought my area was expensive... I'll stay here thanks.
Peter
05-22-2003, 01:27 AM
#17
Pro
Join Date: May 2002
Location: Las Vegas
Posts: 570
Likes: 0
Received 0 Likes
on
0 Posts
Movin to Las Vegas this August, we found brand new construction, 4000sq ft, granite, tile, 3 car 5 bedroom for $359k. Yea baby!
And no more 40+ inches of rain anymore. <img border="0" title="" alt="[Wink]" src="wink.gif" />
Pete
And no more 40+ inches of rain anymore. <img border="0" title="" alt="[Wink]" src="wink.gif" />
Pete
05-22-2003, 01:35 AM
#18
Addict & Guru
Rennlist Member
Rennlist Member
</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by shuang:
<strong>... On "just" a 1/2 acre lot? </strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Steve - edited my post to correct my math error converting a 60' x 160' lot size to acres. Should have been "less than 1/4 acre." Sorry for the error. The point was that St. Louis like many other cities has a very wide range of housing stock. Moving a bit further out (i.e., 30-45 min. commute), 1+ acre lots are readily available.
<strong>... On "just" a 1/2 acre lot? </strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Steve - edited my post to correct my math error converting a 60' x 160' lot size to acres. Should have been "less than 1/4 acre." Sorry for the error. The point was that St. Louis like many other cities has a very wide range of housing stock. Moving a bit further out (i.e., 30-45 min. commute), 1+ acre lots are readily available.
05-22-2003, 02:23 AM
#20
Advanced
Join Date: Apr 2002
Location: Vancouver, BC
Posts: 54
Likes: 0
Received 0 Likes
on
0 Posts
</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Steve - edited my post to correct my math error converting a 60' x 160' lot size to acres. Should have been "less than 1/4 acre." Sorry for the error. The point was that St. Louis like many other cities has a very wide range of housing stock. Moving a bit further out (i.e., 30-45 min. commute), 1+ acre lots are readily available.[/QB]</font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Dan - you are spot on, location is everything. Trends are also big to watch. Over here we have an area that used to be a middle/working class neighbourhood on the westside that in the last 5 years has become "the" place to live for the newly trendy... prices have rocketed skyward accordingly, and it is now counted as one of the most expensive areas in all of Vancouver...
Steve
Steve
05-22-2003, 03:05 AM
#21
Addict
Rennlist Member
Rennlist Member
GTR 993 -
The picture or your possible future house looks great. You guys are right, location, location, location, but everything in the Bay Area is unbelievable. Everyone who lives in the bay area dreams of being able to purchase a nice home at a reasonable price. The reality now is that if you don't already own a home, then entering the housing market for an average couple is nearly impossible. While the bay area economy has suffered, most real estate prices have not. $1million doesn't buy you much anymore. In a decent area between SF and Silicon Valley, you would probably get a 30 yr old 2500 ft home on a 6,000 sq.ft. lot for about $1mil. Although I've made a lot on my home, I can't afford to move up to a better home. My home is probably worth $1.8 to $2 mil, but it would cost me an addition $1 mil to get a larger home on a slightly better lot in the same area. And we're not talking about a mansion or anything really special. So we dream about buying a beautiful house for $500k. Life is short, get the house and then the P-car.
The picture or your possible future house looks great. You guys are right, location, location, location, but everything in the Bay Area is unbelievable. Everyone who lives in the bay area dreams of being able to purchase a nice home at a reasonable price. The reality now is that if you don't already own a home, then entering the housing market for an average couple is nearly impossible. While the bay area economy has suffered, most real estate prices have not. $1million doesn't buy you much anymore. In a decent area between SF and Silicon Valley, you would probably get a 30 yr old 2500 ft home on a 6,000 sq.ft. lot for about $1mil. Although I've made a lot on my home, I can't afford to move up to a better home. My home is probably worth $1.8 to $2 mil, but it would cost me an addition $1 mil to get a larger home on a slightly better lot in the same area. And we're not talking about a mansion or anything really special. So we dream about buying a beautiful house for $500k. Life is short, get the house and then the P-car.
05-22-2003, 07:43 AM
#22
Drifting
Join Date: Nov 2001
Location: Leeds, where I have run into this many lamp
Posts: 2,689
Likes: 0
Received 4 Likes
on
4 Posts
Property increases in the UK are legendary at the mo - we are experiencing circa 20% growth in house prices!!!
Last year, 'average' house price across the UK exceeded 'average' wage earners budget for the first time. Now, first time buyers are having to buy part shares in houses in some areas, as they cannot get a big enough mortgage on their 'average' income to buy a small starter house. 3 bed, back to back terrace houses in student area of Leeds have gone from £35-£45k to £80k- £100k in 2 years.
London prices are obcscene! Glad I bought 2 years ago!! (Though the house I sold for £150k is alreeady at £210-£215k !!)
Last year, 'average' house price across the UK exceeded 'average' wage earners budget for the first time. Now, first time buyers are having to buy part shares in houses in some areas, as they cannot get a big enough mortgage on their 'average' income to buy a small starter house. 3 bed, back to back terrace houses in student area of Leeds have gone from £35-£45k to £80k- £100k in 2 years.
London prices are obcscene! Glad I bought 2 years ago!! (Though the house I sold for £150k is alreeady at £210-£215k !!)
05-22-2003, 08:09 AM
#23
Rennlist Member
I'm still enjoying reasonable prices in RI, compared to my NYC and Boston buddies. There are actually a lot of areas that are still unchartered out here in the East. Values have been going up but not as dramatically (OK w/me). Paid $248,000 for an 1883 victorian farmhouse w/detached three bay barn/office/shop on 3/4 acre about three years ago. 4.5 miles from work, 10 minutes from Providence, hour from Boston. Yahhoo!!!!
05-22-2003, 09:09 AM
#24
Drifting
You have to live in the city! Sure the schools suck, the city tax on earnings suck, services are so-so. But the values are going up. We live near the Botanical Garden and it's a really great location at afforadable prices. But old house are in now. A friend just bought a 3 story in Compton Heights for $375000 and is going to spend about $150000 in rehabbing it. The house should then be worth around $650000. The lots sizes are small though. Not a bad thing, mow it quick and then go driving!
05-22-2003, 10:00 AM
#25
I split my time between LA and Hong Kong. In Hong Kong a nice 1000 sq ft apt (an APARTMENT!) will cost you $750-900K...and that's down 60% from three years ago. Talk about ridiculous prices 
05-22-2003, 10:08 AM
#26
Drifting
Join Date: May 2001
Location: Villanova, PA
Posts: 2,331
Likes: 0
Received 0 Likes
on
0 Posts
</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by swftiii:
<strong>My wife and I have started house hunting as well, so I understand your position. In the Chicago area, I have an oversized 3 car garage that is just awesome. We are moving back to the Virginia side of Washington DC where finding a house with a 3 car garage will cost a minimum of $750k. With that, I guess the Jeep will have to live outside as we will not be opting for the 3 bays, but instead 2 inside car spots as that is just too many Porsche dollars waisted on a house!
</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Skip, let me know if I can help. Born and bred here, and closing on a house Tuesday. Hell, want my current house, I'll give you a great deal. 2 car garage and everything in Clifton. That would be perfect, sell the car and the house to a Rennlister. LOL!
E. J.
<strong>My wife and I have started house hunting as well, so I understand your position. In the Chicago area, I have an oversized 3 car garage that is just awesome. We are moving back to the Virginia side of Washington DC where finding a house with a 3 car garage will cost a minimum of $750k. With that, I guess the Jeep will have to live outside as we will not be opting for the 3 bays, but instead 2 inside car spots as that is just too many Porsche dollars waisted on a house!
</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Skip, let me know if I can help. Born and bred here, and closing on a house Tuesday. Hell, want my current house, I'll give you a great deal. 2 car garage and everything in Clifton. That would be perfect, sell the car and the house to a Rennlister. LOL!
E. J.
05-22-2003, 11:01 AM
#27
Addict
Rennlist Member
Rennlist Member
Join Date: Dec 2002
Location: Durham, NC (Go Duke!)
Posts: 1,184
Likes: 0
Received 0 Likes
on
0 Posts
Money is just a space-occupying lesion. The more you have, the bigger the house, the bigger/faster the car, the more expensive the tires, and you don't live any differently, just with "bigger" stuff.
BTW, nice house.
Durham is not so crazy - yet - as building is going at break-neck speed, still.
I like the farmhouse thing in RI. I could handle that. Wife went to RISD.
BTW, nice house.
Durham is not so crazy - yet - as building is going at break-neck speed, still.
I like the farmhouse thing in RI. I could handle that. Wife went to RISD.
05-22-2003, 11:41 AM
#28
Burning Brakes
Thread Starter
Join Date: May 2002
Posts: 857
Likes: 0
Received 0 Likes
on
0 Posts
I found a house for $369,000 on 1 acre! 3800 SF but it is another 15 minutes from where we want to live. 
It's amazing the difference certain areas make in price increases. 
If I can find one in the same are by Monday for less I think I can talk her into it which = Cab. or maybe TT for me. 
It would be worth it. 
Keeping my fingers crossed. <img src="http://boards.rennlist.com/upload/ToddsHouse.jpg" alt=" - " />
It's amazing the difference certain areas make in price increases. If I can find one in the same are by Monday for less I think I can talk her into it which = Cab. or maybe TT for me. It would be worth it. Keeping my fingers crossed. <img src="http://boards.rennlist.com/upload/ToddsHouse.jpg" alt=" - " />