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Going Up! Real estate prices - where does it end... does it matter?
The price of houses in our area just keep going up. A neighbor listed her house last week for $350K. If I recall, she paid $230K or so two years ago. Multiple buyers started bidding and it was put under contract that day for $370K (3br 2ba, 2000 sq ft., hillside lot, pool).
Other than pumping up our daughter's inheritance it seems like this paper wealth just doesn't matter unless we move to a quieter housing market. We're not moving anytime soon, so is there anything to get excited about? Californians?
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Lee
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