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  #76  
Old 02-26-2021, 11:50 AM
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Originally Posted by bouncy View Post
Yeh, I had two of my buddies file bankruptcy in 06, they lived in Florida and bought a 500K house was only worth 200K after the crash. Our houses are not increase like that around here, still reasonable increase. After 20 years the value of my house has doubled.
We should have bought on SSI when we moved here 7 years ago, but I had sticker shock and was broke. I would easily have $200k in equity right now.
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  #77  
Old 02-26-2021, 12:34 PM
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I got lucky and bought a brand new 1300 sq ft foreclosure for less than what you could even frame it for. Since 2012, based on my last appraisal, my house has more than doubled in value. Taxes did too lol
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  #78  
Old 02-26-2021, 01:22 PM
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We have the smallest and cheapest house in my neighborhood. My neighbor put a 100K Spanish style roof on his house a few months ago! It is his lake house and he lives on the farm a few miles away! Funny bird.
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  #79  
Old 02-26-2021, 04:45 PM
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Originally Posted by bouncy View Post
Might be waiting a while depending on where you live. Statesboro is BOOMING and will be for a while! I have not seen this much construction in years going on around here. Several brand new dealerships, strip malls are being put in, we are getting a Publix and lots of new restaurants!
Maybe, maybe not.

I would not put stock in how much construction is going on around me. In 06, I watched developers walk away from half built subdivisions and commercial buildings literally stop in what seemed like overnight.


I may be wrong, but everything looks just like it did back then.
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  #80  
Old 02-26-2021, 07:19 PM
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Maybe, maybe not.

I would not put stock in how much construction is going on around me. In 06, I watched developers walk away from half built subdivisions and commercial buildings literally stop in what seemed like overnight.


I may be wrong, but everything looks just like it did back then.
Agree
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  #81  
Old 02-27-2021, 01:37 PM
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Warming up today.. warmer tomorrow.. Life is getting better
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  #82  
Old 02-27-2021, 04:22 PM
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Agree
Very much agree here too. This smells a LOT like 06-07. 08 was when it started getting bad.
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