TranceAddict Forums Archive > Main Forums > Chill Out Room Pages: [1] 2  Real Estate in your area taking a huge ass hit? View this Thread in Original format jonSun Back in 2004-06 here in chicago you couldnt touch a house on the north side for under $300-350k even if it was a fixer upper. Now i see houses in decent areas of the north side going for $150k & they arent selling either. Absolutly crazy. In the town i live in a couple years ago a shack surrounded by mexicans still went for $250k. Now theres 4 houses forclosed and under $110k & a handful of other nice places under $200k. Its crazy cause home prices were holding kinda strong over here up until about 4-5 months ago. So how bad has real estate taken a hit near you.? tubularbills it fell a bit in shreveport - i wasn't able to sell my house...woulda been about $5k upside down on the mortgage. but that's ok - because i'm renting it out; and am still getting more equity and reducing principle....so years down the road when i go to sell; it'll work out in the long run moreso anyway. plus i still have my mineral rights ;) DOOMBOT It's nice to see houses coming back down to more realistic values. dj_alfi quote: Originally posted by tubularbills plus i still have my mineral rights ;) so im guessing there's alot of oil on your property? Lebezniatnikov Still ridiculous prices in NOVA. jonSun quote: Originally posted by Lebezniatnikov Still ridiculous prices in NOVA. I heard canada wasnt hit as bad especially the eastern coast. dj_alfi omg i forgot to do this quote: Originally posted by jonSun Real Estate in your area taking a huge ass-hit? foxed Boomer187 vegas was going up like crazy. Now all of the higher end home that were 600k+ are dipping down a ton. My real estate agent buddy is still selling a bunch o houses though. tubularbills quote: Originally posted by dj_alfi so im guessing there's alot of oil on your property? Haynesville Shale baby yeah! jonSun quote: Originally posted by jonSun I heard canada wasnt hit as bad especially the eastern coast. no one got my joke. i am the suck:( CONNERMAN2000 quote: Originally posted by jonSun Its crazy cause home prices were holding kinda strong over here up until about 4-5 months ago. Maybe that is the case in and around the city, but the suburbs (more specifically, the western, I don't know about the rest of Chicagoland), have been hit hard since '06. We sold our 3 story Victorian built-in-1900 for $900,000...when originally, in '02, the house was worth a little over 2 mil (thanks to crazy development of our downtown area, in which we lived only 2 blocks from). This is in Naperville mind you, but that's still a little crazy. Don't take this as rich-man talk...the house was bought for $250,000 in '85...my family has never had a lot of money. miamitranceman <----------------- = bad But I'm looking for an apartment soon so it's good for me. :toothless CLICK TO RETURN TO TOP OF PAGE Pages: [1] 2

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