You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #28: I live [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
wackywill Donating Member (98 posts) Send PM | Profile | Ignore Tue Jul-27-04 08:51 AM
Response to Original message
28. I live
in Northern VA between Richmond and DC. The market here is super heated. I built a new home on Lake Anna about 30 miles west of I-95 last year. My lot was 30K, lots now selling at more than twice that at 68K. My house complete with post-construction upgrades, landscaping, deck and paved drive cost around 239K will now market in the high 300K's.
My best friend lives in a very modest middle/lower middle class neighborhood. The home across the street in poor condition needing a lot of work was put on the market at 220K it sold in 2 days. I figured it was realistically worth less than half its selling price.
Many people I know are selling just because prices are soooo high and they can move into better, newer digs and keep the same or even lower their payments.
I'm just wondering if/when the bubble will burst and should I get out now and what will I do for housing if I do? Actually not that bad of a problem to have. Thinking about selling and moving to a less heated market. Our jobs travel anywhere East of the Mississippi , must live within 2 hours of major airport....any ideas?
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC