OT: Ugghhh

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 2:04 pm

Median house prices in So. Cal are out of control. Vegas and parts of Florida are on the rise as the fastest growing.

http://money.cnn.com/pf/features/lists/ ... html#table

Brando70 · Post by **Brando70** » Thu May 12, 2005 2:12 pm

bkrich83 wrote:Median house prices in So. Cal are out of control. Vegas and parts of Florida are on the rise as the fastest growing.

http://money.cnn.com/pf/features/lists/ ... html#table

Three and a half bills to live in Sacto? Holy crap.

dbdynsty25 · Post by **dbdynsty25** » Thu May 12, 2005 2:24 pm

Gotta love a smooth 474,000 for a house in my area. And there are a lot of ghetto neighborhoods in the Los Angeles area bringing that number way down.

Leebo33 · Post by **Leebo33** » Thu May 12, 2005 2:45 pm

Holy cow. I think we built our house at the perfect time. For some reason our metro area isn't included in the list, but I know the value of our house has increased 30% since we built. We were able to put down 20% to avoid PMI and get a 20 year mortgage. I can't imagine doing that today.

webdanzer · Post by **webdanzer** » Thu May 12, 2005 2:49 pm

I'm up there at number 10,(That part of NJ) and like Leebo, we were fortunate enough to purchase just before the big boom...

tjung0831 · Post by **tjung0831** » Thu May 12, 2005 3:00 pm

Paid $194K for my house not quite 2 years ago and it just appraised for $260!! I'm a happy camper!

Dave · Post by **Dave** » Thu May 12, 2005 3:08 pm

I'm happy to see that my perception of the Twin Cities being only behind the Chicago area for housing values in the Midwest is actually accurate!

We are probably on the wrong side of the big boom, but there is still plenty of growth going on in our area. I'm hoping a nearby townhome got what they were asking because if so, they got 10% more than we paid for our identical unit. Of course, they were going for half of that 3, 4 years ago.

Seeing Indianapolis way down on the list also reminds me of why I was shocked at the prices up here.

Leebo33 · Post by **Leebo33** » Thu May 12, 2005 3:48 pm

tjung0831 wrote:Paid $194K for my house not quite 2 years ago and it just appraised for $260!! I'm a happy camper!

So is your Taxman.

athletics_fan · Post by **athletics_fan** » Thu May 12, 2005 3:48 pm

I see my town of Pensacola, Florida made the list with $143,800.

One would think, after a pretty devastating hurricane, the price of homes would drop dramatically.

Strange.

thejake · Post by **thejake** » Thu May 12, 2005 3:51 pm

Looking at that list is one of the times I am happy to be living in Houston.

wco81 · Post by **wco81** » Thu May 12, 2005 3:55 pm

sf_z wrote:We're number one!!!

Which makes no sense since employment is down in high tech since the dot com days, other than low interest rates, which are on the way up.

I've seen 40-year old homes, well under 1500 square feet, in need to fixing up, go for $700k.

It's out of control.

I saw this Yale economist on CNBC the other day saying there's a bubble and noting that between 1990 and 1997, home prices actually fell by a lot in LA and then heated back up in the late '90s.

Leebo33 · Post by **Leebo33** » Thu May 12, 2005 3:55 pm

dbdynsty25 wrote:Gotta love a smooth 474,000 for a house in my area. And there are a lot of ghetto neighborhoods in the Los Angeles area bringing that number way down.

Since they are using the median price, the ghetto neighborhoods aren't bringing the value down too much unless half the houses or more are in ghetto neighborhoods.

Herbsinator · Post by **Herbsinator** » Thu May 12, 2005 3:57 pm

$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 4:08 pm

Herbsinator wrote:$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.

I'd like to know where I can find a house here for 584K. I haven't seen a house that cheap in 2 years. I basically paid twice that for a 2800 sq ft. crib.

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 4:11 pm

wco81 wrote:
sf_z wrote:We're number one!!!
Which makes no sense since employment is down in high tech since the dot com days, other than low interest rates, which are on the way up.

I've seen 40-year old homes, well under 1500 square feet, in need to fixing up, go for $700k.

It's out of control.

I saw this Yale economist on CNBC the other day saying there's a bubble and noting that between 1990 and 1997, home prices actually fell by a lot in LA and then heated back up in the late '90s.

Bay Area is absurd. I was in the San Jose/Los Gatos area a few weeks ago, and regular 1800-2500 sq ft. tract homes were starting in the low 7 figures. Insane...

Herbsinator · Post by **Herbsinator** » Thu May 12, 2005 4:14 pm

bkrich83 wrote:
Herbsinator wrote:$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.
I'd like to know where I can find a house here for 584K. I haven't seen a house that cheap in 2 years. I basically paid twice that for a 2800 sq ft. crib.

You don't even want to know what my parents paid for their 2500 ft house.

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 4:19 pm

Herbsinator wrote:
bkrich83 wrote:
Herbsinator wrote:$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.
I'd like to know where I can find a house here for 584K. I haven't seen a house that cheap in 2 years. I basically paid twice that for a 2800 sq ft. crib.
You don't even want to know what my parents paid for their 2500 ft house.

Problem is, it's in Lincoln.

No, you're right I don't want to know. We've occasionally thought about leaving the area and buying an extravagent house for 1/3 of the cost of ours. Problem is I just can't seem to leave SD.

Herbsinator · Post by **Herbsinator** » Thu May 12, 2005 4:20 pm

http://lancjes2.lincoln.ne.gov/LANCPRD2 ... 15-008-000

Here you go...same square footage for about a 1/4 of the price...even tho it is in lincoln.

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 4:22 pm

Herbsinator wrote:http://lancjes2.lincoln.ne.gov/LANCPRD2 ... 15-008-000

Here you go...same square footage for about a 1/4 of the price...even tho it is in lincoln.

I see snow in the front yard, thats a deal breaker.

Herbsinator · Post by **Herbsinator** » Thu May 12, 2005 4:23 pm

LOL, come on BK...You could make a snow man. Have you always lived in SD?

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 4:24 pm

Herbsinator wrote:LOL, come on BK...You could make a snow man. Have you always lived in SD?

No I spent some time away from SD when I was in college, and when I was pursuing a football coaching career. Probably spend 6 years total away from SD.

PadresFan104 · Post by **PadresFan104** » Thu May 12, 2005 5:00 pm

bkrich83 wrote:
Herbsinator wrote:$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.
I'd like to know where I can find a house here for 584K. I haven't seen a house that cheap in 2 years. I basically paid twice that for a 2800 sq ft. crib.

BK,

With 4 kids, I couldn't afford to buy in Carlsbad last year, so we bought in Oceanside (Rancho Del Oro area), and the kids are still going to Carlsbad schools. Almost a half million for a 4 bedroom, 1900 square foot starter home... Still, having moved from the east coast in 1990, I wouldn't want to be anywhere else!!

-Al

bkrich83 · Post by **bkrich83** » Thu May 12, 2005 5:02 pm

PadresFan104 wrote:
bkrich83 wrote:
Herbsinator wrote:$133,500(lincoln)vs. $584,100(san diego)

I'll take my winters and my extra 450,000 bucks.
I'd like to know where I can find a house here for 584K. I haven't seen a house that cheap in 2 years. I basically paid twice that for a 2800 sq ft. crib.
BK,

With 4 kids, I couldn't afford to buy in Carlsbad last year, so we bought in Oceanside (Rancho Del Oro area), and the kids are still going to Carlsbad schools. Almost a half million for a 4 bedroom, 1900 square foot starter home... Still, having moved from the east coast in 1990, I wouldn't want to be anywhere else!!

-Al

Small world, my first house was in the Ranco Del Oro area. That's a nice area, and 500K for a 4 bedroom house in that area is actually a good deal. I bet you have 100 grand in equity already the way prices are going up in that area.

dbdynsty25 · Post by **dbdynsty25** » Thu May 12, 2005 5:03 pm

Leebo33 wrote:Since they are using the median price, the ghetto neighborhoods aren't bringing the value down too much unless half the houses or more are in ghetto neighborhoods.

Have you ever driven through Los Angeles...it's about half and half, seriously.

Digital Sportspage

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