We always pay more than stuff is worth, don't we? I mean, if I buy a shirt at the Gap, there's a whole lot of money in there above parts and labour. In this case, the facilitator is the bank, and they make a profit. If the house's value to you doesn't include the interest, and therefore is less than the cost to you, don't buy it.
Natter 34: Freak With No Name
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
If you live out west, you can buy the fuselage of a scrapped airliner and make a house of that. Very cheap, except transporting the fuselage can be expensive, especially if you choose a 747.
My ex once got a great deal buying a house with a friend. The real estate agent he talked to started making loud and offensive slurs about "those God-damned fags" (ironically, the ex's co-signer was a straight platonic friend) to someone else in his office, not realizing that the phone line was still live. The ex had the presence of mind to switch on the record function of his answering machine, and got a very favorable lending rate in lieu of filing a lawsuit.
Timelies, Happy Earth Day, Happy Passover, and congrats to Nora and Tom, despite the scariness of handing over the big check.
That about covers it, right?
Oh, Happy Birthday Betsy.
My work here is done.
I could link to what is listed for 650K, but that isn't what it will sell for around here. A friend was just telling me that a house in her neighborhood was listed at 499K. The best offer was 613k with no contingencies and the sellers counteroffered 625k against that best offer. (For those in the Bay Area, this was in the Richmond Annex)
Happy birthday, Betsy!
$650K will get you a two bedroom condo in my neighbourhood.
The most expensive house in my town is a 5 br single family free standing house, for 1,225,000 million. The cheapest is a 2br condo, for 219,000.
Most not new 3 and 4 br houses are somewhere in the 4s to 5s.
There's a Single Fam house on my block that sold for just over 2 mil last year.