Hey CAL guys...

[hockeypilot44]

If you buy a house for $235K doesn't that make it a $235K house.

Yes. Anyone who thinks different is part of the reason that housing prices went sky high to only free fall when credit dried up.

 

[SFR]

If you buy a house for $235K doesn't that make it a $235K house.

That tends to be true and that is how you define fair market value.

If you operate on that principle, the next time you buy a house don't worry about getting a good deal. Just offer full price, because it does not matter what you pay high or low according to you.

The house I bought was sold in 2006 for $590,000. In today's market it is worth $400,000. I am not guessing at these numbers, these are backed by comps (recent sales within 3 months).

Like I said, if anyone wants help finding a great deal in their area....email me. If not, don't. I am not going to force people to make extra money for themselves. If you don't want to do it that is your problem.

 

[Quimby]

If you buy a house for $235K doesn't that make it a $235K house.

Don't go bursting his bubble about how cool/smart/impressive he is.