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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,655
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Is it time to jump back into real estate?
I hope so. I just bought another house.
First of all, the Pacific Northwest is not Loonyville, South California. While we saw prices rise over the last few years, we didn't see the stupid, unsustainable jumps like Las Vegas and LA. Though I've had fun with fixer-upper homes, I've sat out the last few years. Too many idiots jumping into the real estate market made it impossible to find bargains. Too many homes with shoddy workmanship were thrown onto the market. Now the idiots have left. Things are returning to normal.
I found a bargain. Too good to pass up. Small, older home, on a good-size lot in a highly desireable area of town. The purchase price is substantially lower than anything else around. I will be closing on Friday, and already have it rented.
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