This story is closed for comments.
fl2nc2ca2md2nc Oct 15, 8:39 a.m.
Wiser_now, I agree. We want to sell our Apex home in the next year or two. This story doesn't address the existing home market. I'm hopeful that the market is turning the corner, but no proof yet...
Wiser_now Oct 11, 11:11 a.m.
Let me know when there is an uptick in the selling of existing homes. It's my opinion that the building of too many new homes gets in the way of people trying to sell the houses they are in.
btneast Oct 8, 1:45 p.m.
So, it has taken him 2 years to build this house?
.....NO, he's been building in that neighborhood for two years.
WooHoo2You Oct 5, 6:59 p.m.
So, it has taken him 2 years to build this house? If it is not a buyer's market, then why are there so many houses going for UNDER what they are "worth"??- computer trainer
What you owe and the actual value are VERY different animals. "Worth" is a highly subjective term that no one can agree on.
itom68 Oct 5, 6:27 p.m.
My house is worth 30,000 less than what I bought it for 7 years ago
whatelseisnew Oct 5, 6:21 p.m.
"Where are the new $100,000.00 dollar houses for the working folks?"
Really, so any house above 100,00 is purchased by who exactly? People on welfare? Sorry but the inflated land values alone is what has driven up costs of houses. The land on which my house sits is in theory valued for more than I paid for the property and the house when I originally bought it. Unlike you, I did not EXPECT someone to PROVIDE me with a place I could afford. I positioned MYSELF to be able to buy what I have, you might try the same.
paulej Oct 5, 6:18 p.m.
rachel, are you serious? I doubt you could find a new home for $100K 20 years ago. Maybe, but I definitely cannot see it today. And very few in America can pay cash right out of their pocket for a new house. That's why we have mortgages. A $100K loan today at 3.5% APR would be $449/mo over 30 years. That's cheaper than most apartments. Surely, you'd expect a good home to be more expensive than an apartment and certainly more than $450/mo! A $200K house loan would cost $898/mo, and $300K would be $1347/mo.
People buy what they can afford, but it's like everything else... not everyone can buy a BMW, either.
computer trainer Oct 5, 6:00 p.m.
So, it has taken him 2 years to build this house? If it is not a buyer's market, then why are there so many houses going for UNDER what they are "worth"??
rachel Oct 5, 5:47 p.m.
notice no one is jumping on the wagon to actually build houses the majority of people can afford- I am real happy your $350,000.00 house is now worth $380,000.00. Where are the new $100,000.00 dollar houses for the working folks?
Published: 2007-10-05 09:38:00
Updated: 2013-09-05 17:25:12