jp
There is nothing you said that is wrong or that I ever disagreed with. Yes I think where i live is best and I understand that not everyone feels that way. I also specifically stated it is one of the best for young professional families raising young children not retirees or single professionals. With that said, I know where I live is beleived by many to be one of the best communities because of what I have seen occur here. I have seen several families move up to nicer homes within the neighborhood, I have seen dozens of families move here from less than a mile or two away, I have seen people’s careers skyrocket to the point where they are now making a couple million per year and could afford to move anywhere else but choose to stay here, I have seen more than ten families move away from this community (to other parts of SD, the US and internationally) only to move back into this neighborhood within a couple years. That is my evidence.
The one thing I have never stated is that my neighborhood is immune to declines in the past or in the future. I did say it will fare better than most others which it has and will continue to. IN fact, when I started on Piggington my prediction for my community was 30% off peak. It got to somewhere between 15 to 20% off peak and while I still beleive 30% off is possible it looks extremely unlikely at this point. Lastly my infamous bet with CAR was that it would not reach 45%+ drops by the end of 2012 and I would take that bet a thousand times today as it is a certainty I will win that one. My house would have to drop close to the price of the one you just bought which would put yours under $200K. Think that is possible?
