It's been a few years since single family homes were under $300K (at least ones that are deemed livable), however this year is a new year, a year where we take back our right to live in the finest city in the world and not have to sell our kids or in-laws on ebay (although the money may not necessarily be a factor when the in-laws are involved).
Ladies and Gents.......I present:
I must admit it's nice to see the number 2 again.
Bob
3 comments:
there are two other homes at $299,000 down in Chula Vista
for example:
3 bed 3 bath 1205 CHIMNEY FLATS, Chula Vista, CA 91915.
MLS #:078092119
3 bed 3 bath 1304 RUTHERFORD ST, Chula Vista, CA 91913
MLS #:088024621
It's nice to see the number 2 again, but still these houses are still overprice. I remember seeing these homes in the low $200,000. However it's feels great to see the price rolling backwards, in fact these two houses are close to the year 1999 - 2001 price range.
If you love your kids, you wouldn't live in those gangster areas.
Its now a great time for young people to buy a home simply because their are so many places in the country where home prices have become attractive. Thirty year fixed rate mortgage rates are now below four percent. I can remember years back when housing was king long before the housing bust. Everybody had the expection that home prices would always increase. Even myself as far as that go's almost believed in this fantasy fairy tale. And it was just that a fairy tale as long as it lasted. I don't have the data in front of me but I think their was only one or two years from 1945 to the early 2000's that national home prices declined. Their were pockets of weakness in texas during the oil bust of the 1980's but over all prices increased steadly from 1945 to about 2006. One giant bubble
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