To: Tokhtamish
What worries me is that around here small 1/4 acre plots with tiny houses on them are going for $150-175k, up from $120-150k 3 years ago. Okay so you sell and the guy buying it expects to get $200k in 3 years. Then $250k 6 years from now.
Who in their right might is buying a small one bedroom house for that? They'll probably knock it down (price to demo it $30k) and build a new house for around $80k. So we're up to $350k for a new house that's still on a 1/4 acre. Its going to get insane.
8 posted on
08/01/2002 2:50:15 PM PDT by
lelio
To: lelio
I sold out of Eastern MA in April.
I'm glad I did.
9 posted on
08/01/2002 2:51:52 PM PDT by
Jim Noble
To: lelio
I just sold my small house on 1/4 acre for well over 300,000
11 posted on
08/01/2002 2:57:43 PM PDT by
palmer
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