Right Now XIII
Originally Posted by BBY2KS2K,Oct 7 2006, 02:00 AM
Right now I've noticed a lot of those price reduced signs myself. The market is defintely cooling off but I don't think anybody could expect it to sustain the recent growth.
. My house has nearly doubled in value since I purchased it. That's before any of my sweat equity.
Right now it's kind of a double edged sword. I personally would like to see the market continue to grow strong. At the same time, a lot of my piers and friends are being priced out of the market or forced to buy a house with what I call vodoo financing (ARMs, Intrest only etc)
Right now my house has appreciated to the point that if I were to buy it today, I couldn't afford to put a 20% downpayment (which I did) without dipping into my Roth IRA or selling the S2000
.
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This is in 'Renton' for wicks sake.