random thoughts about house prices

July 6, 2011
By bouzouki

It is easy to respond in conversation.  Words are spoken, mind engages, and responds.  That has been my world in this blog.

Now I find me trying to create the beginning of the conversation.  it was easy with meeting the man that lives a few houses down the street.  Our first conversation was about his four dogs loose in my yard.  I asked him to do something about them being loose and his response was that he would kill them if I wanted.  A great way to initiate a conversation.  I had to tell him four or five times, “just keep your dogs in your yard.”  I haven’t spoken to him for three or four years.  He has a puppy that was loose and came over to my house.  We were cordial, talking about the neighborhood, the traffic on the road, and the fact that his neighbor wants to sell his house for $325,000, and it is on a railroad tie foundation.

We live in a strange world where some people are out of work, houses are foreclosed, debts are unpaid, and yet there are optimists that are trying to act like nothing happened in 2008.  The value of houses is a wonderful example of the wide range of perceptions that populate our world.

While I helped a friend build his house, his neighbor tried to sell their house that they bought for $500,000. They wanted $750,000, but no takers.  They moved out and left the house.  The bank asked for $425,000, with no one buying the house.  The bank tried to auction the house but the initial bids were below their asking price.  The last time I talked to someone looking at the house, the man told me that $300,000 was too much for the house, I think that had become the asking price.

The financial problems that began when the housing market faltered are not over, at least where I live.

One Response to random thoughts about house prices

  1. Leslie White on July 8, 2011 at 11:20 pm

    My Dad used to tell me that something is worth what someone will pay for it. I think of his statement when I purchase something as well as when I want to sell something. The real problem comes in when the investment in the materials to make something for sale costs more than what it will sell for. I think we were building and loaning way over what people could afford, then. Now there is no affording. Empty buildings and homes everywhere.
    I saw new homes going upin an area near where I live and wonder what is wrong with the homes already available. Madness! I agree the problems are not over, Bouzouki.

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