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<blockquote data-quote="dannyboy" data-source="post: 326658" data-attributes="member: 484"><p>You can not base the economy on one house sale.</p><p> </p><p>Take the house nearest to me.</p><p> </p><p>Sold at auction for 21 grand.</p><p> </p><p>Five years later sold at auction for 135 grand</p><p> </p><p>Put up for sale two weeks later for 155 grand, but after two years sold at auction for 89 grand.</p><p> </p><p>Three years later sold at a private sale for 211 grand. While currently not for sale, the current owner has expressed an interest to sell for around 250-275 grand to simplify their life to only one home.</p><p> </p><p>Now, that has been the last 15 years on this one house. Judging by the values, what does that tell you about the economy? Or about housing values in my area? </p><p> </p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 326658, member: 484"] You can not base the economy on one house sale. Take the house nearest to me. Sold at auction for 21 grand. Five years later sold at auction for 135 grand Put up for sale two weeks later for 155 grand, but after two years sold at auction for 89 grand. Three years later sold at a private sale for 211 grand. While currently not for sale, the current owner has expressed an interest to sell for around 250-275 grand to simplify their life to only one home. Now, that has been the last 15 years on this one house. Judging by the values, what does that tell you about the economy? Or about housing values in my area? d [/QUOTE]
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