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LOL, I was in Ft. Worth, TX yesterday and at lunch break happened to glance at the bulletin board next to the coke machine. Saw a posting for a house for sale, 3br/2ba 1800 sf, pic looked nice...I thought to myself, LOL, self, I gotta read this, I bet it's "only" about 300-400K. WRONG...$182K or thereabouts.
There is a comparable sized/vintage house down the street from me, needs some work and probably the crappiest house in the neighborhood, asking $900K. It has been listed for about a month already. The last quite a few houses in the neighborhood sold in under 2 weeks, many in 1-3 days, so I tend to agree that things are slowing down a bit. Crash or serious price erosion - personally I do not see that happening, but regardless am not very concerned as we do not plan to move for a few years, and in the mid-long term CA real estate is as solid an investment as you'll ever find.
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Chris C.
1973 914 "R" (914-6) | track toy
2009 911 Turbo 6-speed (997.1TT) | street weapon
2021 Tesla Model 3 Performance | daily driver
2001 F150 Supercrew 4x4 | hauler
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