phinsup

As I walked around the neighborhood today only one thing was really clear.... the housing market here is in trouble, BIG trouble. I am hoping to hell we're able to get our on the market (if we decide to move) before it gets even uglier.





We paid $156k, could have sold it for $275 in 24 hour 6 months ago, now i dunno. Hoping to get 250 i guess.







I've got to assume since this area was one of the most over inflated in the nation it is also one of the first to feel the heat so to speak.







Ahhh, wut a nightmare.

fc3sboy1

i feel your pain, i just bought my house in nov. last year. it was on the market for 160k i talked them down to 136900. i had it aprazed last week and it is only sittin at 135 right now. i sure hope everything works out soon around here.

Dave 88 A.E

I am gonna wait till all the house's drop in price and then move down there. **** paying those crazy prices that people are getting now.

phinsup

yea well i hope they are still paying them, or at least somewhere close, i need to clear 80k out of this bitch.

Dave 88 A.E

I'm sure you can get more than $80k for your place.

phinsup

No, 156,000 that i owe +80k equal 240k if i sell it mysself. Like 265 if a use a realtor.

TYSON

Houses are going up here, at about twice the rate of inflation. Not too bad here in this city yet, too bad salaries go up at less than the rate of inflation.

Sinful7

Denver's pretty inflated too. I paid $208k for my place, it's probably really worth $150 and I bet today it'd appraise for $210 - three years after I bought it..

phinsup

yea i think i had read that denver was one near the top of the list. Not cool. If you buy at the right time and sell at the right tme you can make money, we bought before the prices shot up, but didnt sell before they ****.

banzaitoyota

hindsight is 20/20?