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Originally Posted by crash n' burn
Full up, sorry.
But for real, there is a major deficit in homes right now; so sooner rather than later. Renters know this and are price gouging like CRAZY. In the Springs, it's cheaper to buy than rent and only gets worse the further north towards Denver you get. I live in one of the hottest zip codes for real estate in the country right now and in a very desirable area; listings were averaging 72-96hrs on the market this past summer.
I lucked out on our house. Closed @ $265K, Market Value of of $315K in 15mo of ownership . House needs a new paint scheme and bathroom updates but should be able to eek out $350K without much effort. Established neighborhood, circa late 90's. 2975sqft, 3bd/2.5ba, master suite with 2-car garage.
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I'm paying $2k a month to rent an 850 sq. ft. condo with the Third Reich as an HOA. The market is actually slowing down here in San Diego. The weather is nice down here, but it's not $600k nice. Also, if I have to smog my s14 again I'm gonna lose it.