great article in today's wall street journal 6/21/06 pg. A2. "the gap between starts and sales traffic was at the highest level in at least the past 20 years, a development that would lead to even higher inventory and more pricing pressure." and on and on. read the article, very informative.
I know you won't believe it, but , I just rented my condo for 2k a WEEK, for the entire summer. Original cost of condo = 280k
Mercy, I love real estate. I am just ecstatic. It was a such stretch to buy this place, (bought my clothes at thrift shops for years) but it has really paid off.
In fact, all the real estate I bought has done unbelievably well, whether it was at a "peak" or during a crash. I was too ignorant to know one way or the other, I just knew a great property when I saw one. It just goes to show, time is a great leveler.
mary jane, in what town is this condo located? If it's near a beach, I'm not surprised you got $2k for peak weeks during the summer. When did you purchase this for $280k and what do you think it's worth today? If it's appreciated at all, you must have purchased several years ago because the current RE mkt is headed for the crapper.
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great article in today's wall street journal 6/21/06 pg. A2. "the gap between starts and sales traffic was at the highest level in at least the past 20 years, a development that would lead to even higher inventory and more pricing pressure." and on and on. read the article, very informative.
THE BUBBLE IS ABOUT TO BURST !....does that mean prices will go poof....back to zero ?
4366 as of 3pm Thursday.
4386 at 6:42 pm Thursday
10,872 as of 7pm Thursday. 2009
You may be right
I know you won't believe it, but ,
I just rented my condo for 2k a WEEK, for the entire summer. Original cost of condo = 280k
Mercy, I love real estate. I am just ecstatic. It was a such stretch to buy this place, (bought my clothes at thrift shops for years) but it has really paid off.
In fact, all the real estate I bought has done unbelievably well, whether it was at a "peak" or during a crash. I was too ignorant to know one way or the other, I just knew a great property when I saw one. It just goes to show, time is a great leveler.
mary jane, in what town is this condo located? If it's near a beach, I'm not surprised you got $2k for peak weeks during the summer. When did you purchase this for $280k and what do you think it's worth today? If it's appreciated at all, you must have purchased several years ago because the current RE mkt is headed for the crapper.
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