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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (8180)	1/17/2003 2:48:36 AM
From: MSI	Respond to of 306849

I can't imagine where you are going to find a sub-100k house in this State. yes, they're avail ... I just lost a bid on a $105k fixer, by a couple hours. Grrrrr in Sacramento, not a real good part, but upcoming, mostly-200k homes.

To: JF Quinnelly who wrote (8180)	1/17/2003 11:01:49 AM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Don't make me pull up the listings. When you get off the coast and go east or go to some of the more rural parts that are in the top of the state above San Francisco things are very different then they are in the populous regions. Over and over I encounter the attitude from people who live in California that there aren't any affordable houses. When I point out that there are, they then tell me that they are in places that no one wants to live including them. What it amounts to is that they think if something is less expensive that there is something wrong with it. California isn't alone in this attitude. When my husband and I bought our house, it was very reasonable for what we got. I remember one of our friends coming up for a visit soon after we bought it. He and his wife had been looking for about two years in this area and couldn't find anything in the price range we bought. He kept asking questions about the house and the property, the properties around my property, mostly he had this face that made me think he was perplexed. I asked him what was up and he said, "I'm still trying to figure out what's wrong with this place." I think it's a real problem that people have in that they confuse price with value. For 15 years I had conversations with several friends who wanted to buy a house in Northern California. Each time we'd come to the conclusion that with the salaries they made they had no business buying a house where they lived (Marin) yet they wouldn't even consider living somewhere else and it's not like they were born there or had family there. They wanted what they couldn't afford and didn't want what they could. They assumed that prices were so low where I live because no one wanted to live here. Yet I live in paradise.