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Old 12-18-2021, 08:29 AM
 
2,025 posts, read 874,679 times
Reputation: 2006

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Quote:
Originally Posted by tijlover View Post
For someone who went thru the RE crash in Las Vegas, where my $200k townhouse fell to the low 30's, I'll never be optimistic about the RE market ever again!

The optimist invented the airplane, the pessimist, the parachute!
And what is that townhouse worth today? You only lose if you panic sell.
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Old 12-18-2021, 03:09 PM
 
Location: Greenpoint, Brooklyn
415 posts, read 1,396,049 times
Reputation: 256
As long as California keeps running off it's tax payers, Arizona will at the very least have stable, if not increasing home values.
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Old 12-18-2021, 06:22 PM
 
Location: Tucson/Nogales
23,238 posts, read 29,085,198 times
Reputation: 32658
Quote:
Originally Posted by Greenvalleyfan View Post
And what is that townhouse worth today? You only lose if you panic sell.
I waited 10 long years for it to climb up to $125K and I sold it, thinking there was going to be another crash, as Recessions, historically, come around every 8-10 years. I looked at the prices a year ago, about $160k. I think one of the reasons the prices haven't climbed in that townhouse community is because they jacked up the HOA fees $50 a month, just before I left. I had paid the house off 7 years before, so it was all cash, and I bought a mobile home in a senior mobile home co-op here in Midtown Tucson for $31k, only had to put $6k into it, and the homes in this community are now topping $100k.

I was reaching that point, if I had had to spend one more year in conservative, sinless Las Vegas, I would have blown my head off!
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