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Re: Subsidized Housing For Those Earning $160,000
I know that the high prices of California homes are a large part of what is driving the housing boom in my county here in Washington state. They sell their $500,000 to $1.2 million dollar homes and think nothing of coming up here for retirement and dumping $300,000 on a house that has 2 bedrooms, 2 baths and a huge yard. And think even less of a dropping $500,000 on a 4 bedroom, 4 bath, 3 car and 1 RV garage house with a mid-sized yard. In fact they think it is a bargain! Just ten years ago the former house would have sold for $100,000 here and the latter house wouldn't even have been built here! I would hate to be living in the city and trying to buy now. We were lucky when we bought on the outskirts of our county and got a 4 bedroom, 2 bath, 2 story shed (no garage), green house, and nice yard for $69,000. You don't even want to know how much the value of our home has increased in 8 years. And that's even after tearing down the pretty but unstructurally sound greenhouse. And we are 25 miles from the city. My dream of ever moving back to the city, where I was born and raised, is pretty much a goner, though.
I hope I don't come across as bashing Californian's because most of the one's I have met are very nice people. They just inhabited a far different money universe than I ever have.
I know that the high prices of California homes are a large part of what is driving the housing boom in my county here in Washington state. They sell their $500,000 to $1.2 million dollar homes and think nothing of coming up here for retirement and dumping $300,000 on a house that has 2 bedrooms, 2 baths and a huge yard. And think even less of a dropping $500,000 on a 4 bedroom, 4 bath, 3 car and 1 RV garage house with a mid-sized yard. In fact they think it is a bargain! Just ten years ago the former house would have sold for $100,000 here and the latter house wouldn't even have been built here! I would hate to be living in the city and trying to buy now. We were lucky when we bought on the outskirts of our county and got a 4 bedroom, 2 bath, 2 story shed (no garage), green house, and nice yard for $69,000. You don't even want to know how much the value of our home has increased in 8 years. And that's even after tearing down the pretty but unstructurally sound greenhouse. And we are 25 miles from the city. My dream of ever moving back to the city, where I was born and raised, is pretty much a goner, though.
I hope I don't come across as bashing Californian's because most of the one's I have met are very nice people. They just inhabited a far different money universe than I ever have.
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