11 replies to this topic

[calmcookie]

Okay, foreclosures may be increasing and doom and gloom is on everyone's lips, but it's certainly NOT happening in my 80 mile radius. Everywhere I look there is new construction and prices are staying high. Not sure where this will be in a year or two, but for now, we are BOOMING. Rather not say where I live, as I don't want 800,000 zillion more Californians coming here. Best, Serene Oreo

Edited by calmcookie, 09 March 2007 - 10:19 AM.

[greenie]

Have you bought that lakefront property you mentioned last year? Remember what I told you that got you angry ?? And I did not even ask you about the price, type of land, etc.

[calmcookie]

Have you bought that lakefront property you mentioned last year? Remember what I told you that got you angry ?? And I did not even ask you about the price, type of land, etc.

Leanie Greenie ... I don't get angry. Really.

Kidding aside, don't remember what you told me, and yes, I did purchase that land and am happy to have done so. There really is an incredible boom going on ... and am pleased to have my wee piece / peace of dirt.


C.C.

Edited by calmcookie, 09 March 2007 - 10:26 AM.

[greenie]

Here it is - don't throw stones at me

http://www.traders-t...?...622&hl=lake

[jawndissedi]

It all boils down to supply and demand folks:

Bloomberg: Housing Inventory Rises

Of course, where I live, prices will never go down.



Just ask my neighbors.

[outsider]

Hi, Cookie, you wrote:

Everywhere I look there is new construction and prices are staying high. Not sure where this will be in a year or two, but for now, we are BOOMING. Rather not say where I live, as I don't want 800,000 zillion more Californians coming here.

Too late, your previous communications indicate that you live in Austin, Texas area, at least at one point. I live in nearby San Antonio, where the flippers are making it big time! But the hottest upcoming market in the state is down south in the McAllen area. I know what you mean by Kalipornians coming in and scooping up properties at a price of 10 cents on their real estate dollar. Fredricksburg and environs is being gobbled up by the movie star crowd, last I heard.

---Out

[pdx5]

House prices are not falling everywhere. There are quite a few "hot" areas in the country. However the national trend is certainly in a slowdown period. As for Texas, there are two things going for it. First, the job growth in TX is above national average and second, there is no state income tax.

[jawndissedi]

As for Texas, there are two things going for it. First, the job growth in TX is
above national average and second, there is no state income tax.

That's because property taxes there are so extraordinarily high.

[pdx5]

I did not know Texas had high property taxes. But I do know that California has high property taxes, and so does Illinois (Chicago Metro), having lived in both states. In fact California has high everything. They have state income tax, sales tax, high prop tax, high motor vehicle tax, AND high house prices!

[outsider]

Kalipornians (Guv prononuciation) might want to check out Todos Santos, Baja. Where there is a HUGE development just announced around Punta Lobos. Taxes and prices are lower than Texas at this point, and it's in their neighborhood. ---Out