tag:blogger.com,1999:blog-13164186.post112646730948885276..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: A House in My NeighborhoodDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13164186.post-1126994714384794642005-09-17T18:05:00.000-04:002005-09-17T18:05:00.000-04:00I pulled the listing, and sadly, there is no virtu...I pulled the listing, and sadly, there is no virtual tour so I can't see the crappy interior for myself.<BR/><BR/>The original price, per the listing, is $545,000 which means it's reduced just over 10%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126670626909964012005-09-14T00:03:00.000-04:002005-09-14T00:03:00.000-04:00That is a great story. Thanks so much for sharing...That is a great story. Thanks so much for sharing.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126543883500985632005-09-12T12:51:00.000-04:002005-09-12T12:51:00.000-04:00skytrekker,Not far off. "Year Built: 1943"skytrekker,<BR/><BR/>Not far off. "Year Built: 1943"Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126533783472845972005-09-12T10:03:00.000-04:002005-09-12T10:03:00.000-04:00Thanks for the compliment. Anon is right, an inve...Thanks for the compliment. Anon is right, an investor may very well come in and buy the house. Put in 70K of work and then try and sell it for 650K. It might work. <BR/><BR/>A realistic price would be 440K. If they lower the price to that amount they should be able to sell the house relatively shortly.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126529855719396362005-09-12T08:57:00.000-04:002005-09-12T08:57:00.000-04:00There have been a lot of houses in that area of th...There have been a lot of houses in that area of the neighborhood purchased by contractors and had new larger homes built on the plots of land and were sold even with the asking prices of 600K or more. <BR/><BR/>That will probably happen to this house, whenever the price drops low enough - not that I know what that price is. The land is worth a lot since it is so close to DC, Metro, 495, etc. and the area is flurishing with new fancy stores. With the right kind of house built on the land a contractor can recoup the money spent and make a profit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126525774519588762005-09-12T07:49:00.000-04:002005-09-12T07:49:00.000-04:00I'd have to agree with both posters - half a milli...I'd have to agree with both posters - half a million bucks for that house is unreal! <BR/><BR/>As a matter of interest, what would you consider a realistic price of this house to be, bearing in mind its location from the Beltway, etc.<BR/><BR/>Enjoy reading your blog, David. I like your writing style, creativity and flair.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126490536461976192005-09-11T22:02:00.000-04:002005-09-11T22:02:00.000-04:00Using the historically standard 28% of income for ...Using the historically standard 28% of income for housing costs this small, outdated POS would require a household income of almost TRIPLE the national average....It will never cease to amaze me, what are people thinking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1126467677710708012005-09-11T15:41:00.000-04:002005-09-11T15:41:00.000-04:00That house is a POS. I can't believe it is even m...That house is a POS. I can't believe it is even more than 250K.Jimhttps://www.blogger.com/profile/11731152161011793658noreply@blogger.com