I know, I know. I see something that looks like might be in pain and I want to check into it, see how hurt they are. But I wasn’t going to go for it at that price. I know it’s going to have to do better than that for me to jump in. Just means there’s a new comp. As nostradamus pointed out, the realtor/owner of 2503 Deerpark trying to flip for 615k when he bought last year for 585k will probably have to reconsider/reduce. Just glad to see the land tsunami inching its way to the coast.
Also, true in ’96 you could pick up something for 180k. The ’90’s were hurting. What would normal appreciation be for 10 years if you take out the supbrime? Okay. Maybe 250-300k. I don’t see it falling back to 1996 prices. Of course I would be delighted, but I’d be happy w/just something reasonable and 450k is not to me.
