SDC,
ARRRGGGGHHH! Your killing me! 48 houses on Mt Elebrus!
FYI, I’ve seen that 5 to 7 yr number thrown about often also.
Another interesting phenomena I see is houses selling multiple times. On my street, if you look at the homes that have resold since they were built about 8 years ago at least half of the ones that aren’t original owners have resold twice!
Thanks for inspiring this thread. I think we are all learning something here. Now lets go to Mount Elebrus. Alot of these homes have been owned a very long time and the tax records that I have quick access to might not reflect accurate sales before the mid 70’s. Thus homes listed beyond 30 yrs of ownership are soemwhere between 30 years and 50 years. Also, alot of these homes have ZERO loans balances with different mailing addresses indicating they are being held as long term investment properties. When people own homes that can cash flow, many choose to hold onto them in SD because they know there is usually avery strong rental market as well as the promise of siginifcant appreciation in the future.
