(Untitled)

[scream4noreason]

Comments

[kybearfuzz]

For that price, I can't imagine the turnover will be too swift.

Yikes...

[scream4noreason]

What I mean is, they will likely rent it out, and the close proximity of neighbours and noise will mean nobody will stay too long.

[gfrancie]

Lordy. There is good high-density housing and then there is that abortion of housing.

[scream4noreason]

My sentiments exactly, and its right under my bedroom window, so I dare them to be noisy.

[mattblakk]

It's almost like they don't do the math. I was thinking the same thing when we moved back to CA and my then-partner was thinking of buying a million dollar house. Srsly. Here was my thinking, if you put 300,000 down on a million dollar house in an earthquake zone you're an idiot. That makes your mortgage payment with the best possible interest rate about $6,000/month. Plus property tax (1500/month), plus homeowner's insurance, plus flood, fire, earthquake insurance. Plus repairs. For 3,000 a month rent you can have an identical place and bank all the rest of it. Any repairs are someone else's problem. Why on earth do people need to overcompensate so much for insecurity. Owning a house doesn't make you anything. Well, other than stupid.

[wescobear]

My mother used to say "a fool and their money are soon parted."

Is the housing market there really so hot that this cracker box property is considered a good value? Or are the interior fittings and furnishings so smart that it pushed someone's buttons?

[scream4noreason]

Its in a much sought after location.