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12-03-2008 06:41 AM #3
Seems to follow most of the practical predictions on a home's value, about 3.5% a year..... the boom and bust retail economics of the last few years were fun to watch, but I sure am glad I wasn't a participant.......
Real estate types around here were whining because housing prices didn't go crazy on the upswing of recent years, hope they're smart enough to realize that that was the good news!!!!! Small town rural area economics being what they are, bought this house 10 years ago for $50K, probably be able to sell it for $60K now....Probably could have got more a couple years back, but the replacement cost would have been much higher then it would be now..... Real estate is another one of them things I just don't even pretend to understand, my house is 1800 sq. ft. with a 3 car garage... Would take over $100K to build one around here with the same square footage... Don't see where I would be ahead to sell mine and spend double what I get for it!!!! It's an old (1924) house with all the good updates and suits me fine... would also make 2 apartments and become rental property very easily..... hmmmm.Yesterday is history, tomorrow is a mystery, Live for Today!
Carroll Shelby
Learning must be difficult for those who already know it all!!!!
I saw last night on fb about John. The world sure lost a great one. I'm going to miss his humor, advice, and perspective from another portion of the world. Rest in Peace Johnboy.
John Norton aka johnboy