Yea, if we had sold this house after doing the upgrading and fixing up it needed in 2004-2005 instead of now, we probably would have had a bidding war and could have easily gotten an extra 25K out of it.
I'd like to start buying rental income properties, but I don't think I have the patience to deal with the crap that comes with it. -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Sent: Monday, April 02, 2007 11:16 AM To: CF-Community Subject: Re: who says? Congrats! House prices in my neighborhood have dropped about 20% in the past 18 months. Personally, I hope they drop another 20%. I bought at $107,000 in 1999 by 2005 my house was pushing $375,000 - $400,000 (including the remodeling). Last month a similar house, smaller lot, yet to be remodeled (these houses were built in 1950 - 52) went on the market for $289,000. It sold within a couple of weeks, I don't know what they got for it. I'd like to buy a rental but the prices are still too high. Rent would only cover about half the mortgage, I can't afford that big of a difference. I'm actually looking at rentals in the Dallas / South Lake area. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| ColdFusion MX7 and Flex 2 Build sales & marketing dashboard RIAâs for your business. Upgrade now http://www.adobe.com/products/coldfusion/flex2?sdid=RVJT Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:231757 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
