Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Skeeter Bug who wrote (13607)	9/10/2003 11:51:13 PM
From: techanalyst1	Respond to of 306849

I live in Southern California (Orange County...... the one that went bankrupt in 1994). Our property values continued to slide here until about 1996 or so (longer than even surrounding counties) and we put our reservation payment down Christmas weekend 1997 but the house wasn't completed until Aug. 1998. After that we added about 25% of that initial price in landscaping and upgrades. So.......... yup.... tripled from the price we paid for the "shell". The people who bought the same model as ours one street up (ours is a nicer location) in the next phase paid nearly 30% more than us and it was built only a couple months after ours. I couldn't believe the builders could just jack the price up that quick, but they sure went fast. NOW... there are very few houses the size of mine and not in this area which is where I want to stay. I won't be surprised if the prices that people are selling for now don't hold...... but I'm staying put and happy to have the house I always wanted. TA