Here's a side note (at best) about housing. On the way to work just
yesterday I heard that the average new home cost in the KC area (may
have been JoCo, I wasn't listening with both ears since I'm light years
away from home purchasing with just being divorced and all...) is
$287,000. I'd like a job that would allow me to buy half that. And then
find something worth that...

--- Bradley Miller <bradmiller@dslonramp.com> wrote:
> At 07:02 PM 8/1/02 -0500, Marvin [GodfatherofSoul] Bellamy wrote:
> > BTW, to you 
> >home owners out there with some business knowledge.  Why is the
> housing 
> >market still climbing?  You'd think that the value of housing would
> drop 
> >now that fewer people can afford them.
> 
> That's the wildcard in this weird economy -- a lot of people are
> asking
> those same questions.  I *thought* I read that existing home sales is
> down,
> while new home sales is still up?  Perhaps I'm wrong . . . 
> 
> My theory?  (And it can only be called that at best . . . )  I think
> that
> some people are still trading up/out/etc... while the interest rates
> are
> lower.  Why buy someone's used home for $100,000 when you can get a
> brand
> new home for $140,000 and about the same payment that someone 4-5
> years ago
> had?  That being said, I haven't seen too many new homes that I would
> want
> to pay even $100,000 for.  They are sloppily put together, cheap
> looking
> interior wise, and about as useful as  . . . well you get picture. 
> I'm
> quite happy with my 20 year old house (1982 - hard to fathom . . . )
> that
> has a nice large driveway and real wood everywhere.  Our home was
> model
> home for this subdivision when it opened up so it has a lot of little
> neato
> (for the time) things to spruce it up  
> 
> -- Bradley Miller
> 
> 
> majordomo@kclug.org
> 
> 
> majordomo@kclug.org

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