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The Scuppers This is a new forum for the not necessarily fishing related topics...

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Old 05-18-2006, 12:45 PM   #1
gf2020
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I don't think prices in the under-$400K range will drop that much. In the Boston suburbs, however, the over $500K houses are declining.

I finally have a buyer for my house in Newbury, MA. It went on the market at $689K in June 2005. Similar homes in my neighborhood had gone under agreement in the weeks prior for $685K and $695K.

I dropped to $675K by Fall and took it off the market in November. It went back on the market in February at $669K, dropped it to $659K after 30 days and then to $649K after another 30 days. Finally under agreement at $635K.

I know for certain that I could have sold my house for $685K earlier in 2005, one of the recent buyers in my neighborhood told me they would have taken my home over the one that they did purchase. I just did not have it up for sale in time. Hindsight is 20-20.

So there you go, a $50,000 drop in less than 12 months.
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Old 05-18-2006, 01:43 PM   #2
partsjay
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Is the demand really that high here that folks would pay $250,00 for a %$%$%$%$ty looking ranch with no land?

Thats what I had to do.....either that or move my kids away from their family...living in apartments gets old.
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Old 05-18-2006, 04:38 PM   #3
Backbeach Jake
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Red face

My heart goes out to kids who are working hard and trying to start a life these days. Housing is freakin insane. Decent cars are house prices( when I was their age). Taxes only go up because our politicians view the public as a bottomless money pit. Gas has gone nuts, so's the utilities. My father's generation was a single income family, Mom stayed home to watch the Comanches( a full contact job in itself) And they did very well for themselves. Try that now.

He that would make his own liberty secure, must guard even his enemy from oppression; for if he violates this duty, he establishes a precedent that will reach to himself.
Thomas Paine
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