Hi macabre, I do not think a $20K drop is realistic either. If we use the 2000 price, factoring 3% inflation which is about 23% appreciation, a housing selling at $520K for a 3277 sqrt (which one of my friend bought new) can be priced at $640K. If we think 2000 price is reasonable, I would be happy to buy using this pricing formula.
Hi macabre, how is your house quality? Is fieldstone is reputable one? One of my friend’s house was built in 2004, and their wall (other neighbors as well) had a big long crack, finally the builder fixed it.
