Thinking on economics....
@sallypup (58169)
Centralia, Washington
March 13, 2018 4:00pm CST
A buddy of mine is looking to escape her spot. She lives closer to the mountains than I do but on this side of the state.
I warned her that she'd better have a decent down payment plus watch out for flying airplanes when she is looking for even a junker house. The reasonably priced houses will have a dozen other bidders all crying to get into that place.
She answered: No. The housing market is about to crash. By this Fall the prices will be lower and she'll find a place. No problem.
My sampling of house prices tells me another story. Guess we'll see....
8 people like this
8 responses
@thislittlepennyearns (58269)
• Defuniak Springs, Florida
13 Mar 18
We paid $14,400 for four and half acres and a two thousand square foot house.e
4 people like this
@sallypup (58169)
• Centralia, Washington
13 Mar 18
@thislittlepennyearns That amazes me. That is cheap. Are there jobs in that area? Horrible rocky, sage brush crud land here is at least 5 thousand an acre and you have to pay for the guy to put a well in if you can get water plus electricity etc.
2 people like this
@much2say (53944)
• Los Angeles, California
13 Mar 18
@thislittlepennyearns In what year did you get this property? That is super cheap!!!!
2 people like this
@MainerMikeBrown (1373)
• Bridgton, Maine
13 Mar 18
To give an example of how expensive houses are to buy here in New England, United States... a couple of years ago a friend of mine's next door neighbor sold his house for almost half a million dollars, even though the house wasn't that nice or big. And it was also gloomy looking, in my opinion.
4 people like this
@sallypup (58169)
• Centralia, Washington
13 Mar 18
@MainerMikeBrown Holy batman! That's just awful. I can't imagine coping. That sounds like Seattle.
2 people like this
@much2say (53944)
• Los Angeles, California
13 Mar 18
For her sake, I hope it goes her way - but these things you never really know (Fall is still a while away!). We bought at a time when prices were low, but so was inventory . . . I heard there were 26 bidders on this house (it's not even big, and not even in the greatest of areas). Now the prices are sky high everywhere. There doesn't seem anywhere (at least here) where someone could say there is no problem getting a house.
2 people like this
@sallypup (58169)
• Centralia, Washington
14 Mar 18
@much2say Exactly what I am finding is what you describe. We have 200 thousand and when we find such places with a small lot, a dozen other folks want the place, the bid gets driven up to way beyond our budget or reason for that matter. The place that I am going for has about 22 of an acre. That's a little bigger than the average. The house is on a corner so on three sides the nearest neighbor is a street across from us. I love that. We really wanted to be on a half acre at least but that usually means we would not be near a bus line or stores plus the cost.
2 people like this
@BelleStarr (61047)
• United States
14 Mar 18
I know that here in Florida the market is rising slowly but steadily and the market in Connecticut is pretty healthy as well. I tell everyone to buy as quickly as they can our home has almost doubled in price since we bought it almost 5 years ago. The economy is booming I can't imagine why she thinks prices will be lower. We paid $50,000 for it fully furnished but we have a very small lot but about 1200 square feet of living space and a screen porch.
2 people like this
@sallypup (58169)
• Centralia, Washington
15 Mar 18
@BelleStarr A screened porch is a real asset.
2 people like this
@OneOfMany (12150)
• United States
17 Mar 18
We had one of our main factories closed down and demolished here, so there are a lot of houses on the market now. They will probably have their prices drop because of a plunge in area jobs. The main benefit to this area is the cost of living. It's really low.
1 person likes this
@OneOfMany (12150)
• United States
17 Mar 18
@sallypup Yes, it was actually the lawyers that killed the company. It was that whole mesothelioma thing, because one of the plants had used abestos in its process. Though it only applied to a section, the lawyers squeezed it dry. I think it would be justice if those lawyers were squeezed dry too... Since it couldn't recover, it was shut down. Despite people that wanted to purchase it. It was the only producer of glass blocks for use in architecture for a while. Now glass blocks will have to come from China (who actually stole the designs from that plant) and Taiwan.
Before the end, it had acquired new technology to make printable designs on the blocks, and we used them in our fundraiser efforts. Had the plant continued to exist, it would have made a comeback. Here's a link to what we did with those funds:
Glass Artisan Park Sparkles Along Route 6 Creative Public Park of Artistic Glass Displays This small public park, located at the intersection of Pennsylvania Route 6 and Mill Street, in Port Allegany, is truly a one-of-a-kind destination. Glass block manuf
1 person likes this
@sallypup (58169)
• Centralia, Washington
17 Mar 18
@OneOfMany That's a tragic modern tale. That park looks like something I'd love to see in person. I live in a mobile home at this point but have enhanced many of its windows with stained glass pieces and a 3-D colored glass heart. Thanks for this link though its a heart breaker.
1 person likes this
@sallypup (58169)
• Centralia, Washington
17 Mar 18
@OneOfMany That's a sad statement about America in general. When I started looking for a house West side in my state, I considered certain areas cause the housing was cheaper- tons of foreclosures due to lack of jobs. Then I had to figure how far would it be for me to get to medical facilities? I do not have the driving stamina that I did a few years ago. I wish your area better days.
1 person likes this
