SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (96577)4/19/2001 8:23:07 PM
From: Andrew G.  Read Replies (1) of 436258
 
Skeeter: When I spoke to my lawyer recently, he said that if he and his family had to buy today the house they now live in they wouldn't be able to afford the new mortgage.

According to my local newspaper, houses in the Minneapolis area on average have jumped 15% in value but most have appreciated far more rapidly. It is now rare for a house to be on the market for more than a month. Pretty incredible panic buying. Today the top business story in the Minneapolis Startribune quotes a RE agent saying that we are getting 'suburban New York City pricing' in our metro.

First time home buyers are getting nailed by 100% -200% price increases over what others in same neighborhood are paying for mortgages they got 5-10 years ago. It takes a higher income bracket just to afford living in a more modest neighborhood. A horrendous price to pay for the new generation of people out there. No other period that I can think of is comparable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News