MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 60,162
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Either you made a typo or your old neighborhood has really gone downhill.
No, he's probably right.
My wife's grandma's house appraised at 65K, they put it on the market for a couple years and settled for close to 20K!
Our current house appraises at 85K. Two doors down one sold for 15K! Granted, ours is nicer, but its not 70K nicer. The bottom line is the housing market crashed, a lot of people lost their jobs, many homes are for sale, not many can get a loan and those that can are able to wait out people until they drop their price. Its a brutal buyers' market place right now and sellers are taking a beating in all but the most desirable markets.
This is the only thing keeping us from building a new house on our rural property... the one we own in town won't sell for anything near what it is worth to us. So, we get along well with most of the neighbors, its quiet and clean, conveniently located and most of all....
ITS PAID FOR!!!! :laughing: :thumbsup: