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ngdawg · 12-26-2005, 10:33 AM

Even 20 years ago when we bought this house($92,500), we were called nuts by my family because of the 'ridiculously high price'. A couple of years later, the value increased by almost 30 grand but then we 'lost' 2/3 of that after 5 years. Two years ago, our house was valued at 200k, which made me almost fall over in shock....I fully expect the value to go back down in the next couple of years to a 'reasonable' 250k.
Every time I go to Charlotte, NC(about once or twice a year), there is building going on; it seems that area just keeps getting more and more 'yankee-ified' (read overbuilt). My brother-in-law, in the home building industry, has never had a 'slump' in the 20 plus years they've lived there, but the housing prices still don't compare to the northeast's exorbitancy.
I should think that after the hurrican seasons of 04 and 05, Florida would see a decline in the number of new residents, but guess that's not the case yet.

12-26-2005, 10:33 AM	#32 (permalink)
ngdawg peekaboo Location: on the back, bitch	Even 20 years ago when we bought this house($92,500), we were called nuts by my family because of the 'ridiculously high price'. A couple of years later, the value increased by almost 30 grand but then we 'lost' 2/3 of that after 5 years. Two years ago, our house was valued at 200k, which made me almost fall over in shock....I fully expect the value to go back down in the next couple of years to a 'reasonable' 250k. Every time I go to Charlotte, NC(about once or twice a year), there is building going on; it seems that area just keeps getting more and more 'yankee-ified' (read overbuilt). My brother-in-law, in the home building industry, has never had a 'slump' in the 20 plus years they've lived there, but the housing prices still don't compare to the northeast's exorbitancy. I should think that after the hurrican seasons of 04 and 05, Florida would see a decline in the number of new residents, but guess that's not the case yet. __________________ Don't blame me. I didn't vote for either of'em.