ah, but you'd be mistaken. there were quite a few lean-to's & crackerboxes sprinkled there. not just all Cathedral Pines, which now is worth pennies on the dollar for any structures that survived.
Aren't you a little old to be this naïve?
Honestly, if we were buying a house with rates shooting up, we'd probably take out a 5 or 7 year ARM.... and eat rice and beans for 5 years and have it paid off by the time our rate adjusted. Then again, we're not most people. Actually looked into it the last time we refinanced, and with the limit on how much the rate can adjust year to year we would've had 7-10 years to pay it off (or refinance) before it got above 5 or 6%. Opted for a fixed 30y just for ease of mind, but it was certainly possible.
how many have rebuilt and how many just said fvck it?Speaking of which, happy Waldo Canyon anniversary!
this is high plains sprawlsville; no dirt goes undeveloped, regardless of water issues
i think i went to colorado springs once in seven years.....garden of the gods with a friend and her cranky kid....lasted about 20 minutes and i said fvck it.
If God wanted houses there, he would have put them there himself.Speaking of which, happy Waldo Canyon anniversary!
that's what some of the "houses" resemble near the family land in pagosa springs...
i wouldn't put any money on it. purely because to prove that laws were broken would be really really hard. ok maybe not "hard", its probably because they are too lazy, too scared to take on such a big lawsuit, and flat-out bought people sucking the teat of rich people who can actually buy and sell everything. i think we would all love a scapegoat, but we'd have to put the entire financial sector in that bucket. i think these guys would flush the economy down the toilet just to prove they are right too.
My ladyfriend is still about 30% underwater from her 2006 purchase price.
that will work.... on actual abandoned houses.
3bed 2 bath in Laurelhurst, 2300 aint that bad. (Laurelhurst is one of the yuppiest neighborhoods in pdx) now if that was in cully should run for the hills.
ftfy.
Meh, I'm over it.
Really? That sounds like a steal to me. Around here things are roughly a dollar a square foot for a home rental, at least if they're not anywhere near the University. Then you get things like this, $3k/month for a 5br (1600') house:
"florida"
It's not just florida though, that's the thing. California is seeing a crazy boom too.
california is pretty much florida jr
True. But between the two of them they represent a metric sh1t ton of people/homes.
and an imperial sh*t ton of idiots
In the last week, I've received, 1 email, 1 mailer, and just now, one doorstep flyer, all from different agents trying to get me to sell my house. It's just like 2004, all over again. Gotta admit, I'm tempted to sell.
Yea, that's slightly above my price range.
