Does anyone here dabble with real estate?

Workingdog1 said
That's just it though. My deceased Stepfather was a self employed Appraiser for over 40 years commercial and residential. Long term prices only go up. Period.

That absolutely true. and it's usually disproportionate to everything else, too.

Workingdog1 said
One of his takes on the market was you had to know the circumstances of each deal-transaction to justify values. I took that as sage advice.

Yep. Excellent.

Workingdog1 said
We all know that how California goes so goes the Nation. I believe after the New Year folks will have a better take on navigating the waters as changes are coming for better or worse in the short term.

The market around here follows the national market to a certain extent. When I first moved here in the 80's, housing was the best deal around. You could buy a standard 3 BR/2Ba on a 2/3-3/4 acre lot in a good school district in the $40-60K range. at the same time in NJ a comparable home with the same size lot was selling in the $100K+ range.

We purchased our Georgia House in the 80's. in a gated neighborhood, on a golf course, 3000sf, 4BR/2.75 Ba. on 2 acres for $97K ( there's a story there lol) My home in NJ at the same time, very similar in similar and size was list for $225K. Two very different areas of the country, two VERY different markets, price wise, and two very similar homes and properties.