Affordable California Living?? - Beyond Tiki

T Tiki_Bong Member Huntington Beach, CA Joined: Mar 25, 2002 Posts: -16	T Tiki_Bong Posted posted on Mon, Aug 11, 2003 2:19 PM Madame Bong and I were fortunate to have timing on our side. We purchased our house in H.B. in 1993 during the last real estate bubble burst. The previous owner lost $80,000. It sold for $235,000; 4 bedroom, single story, 1,800 sq', built in 1977. At the time I was a government intern (no, I didn't bl#* the president) and only making about $9.00/hr. We have since dumped over $100,000 into it and comps in the area sell for $550,000 without the improvements we made. I also don't know how/who is able to buy the homes built in the area today. I hope those that want to own can do so. It takes years of saving and scrimping. You got to keep your eye on your target to make it happen years down the road. Good luck!

Madame Bong and I were fortunate to have timing on our side. We purchased our house in H.B. in 1993 during the last real estate bubble burst. The previous owner lost $80,000.

It sold for $235,000; 4 bedroom, single story, 1,800 sq', built in 1977. At the time I was a government intern (no, I didn't bl#* the president) and only making about $9.00/hr. We have since dumped over $100,000 into it and comps in the area sell for $550,000 without the improvements we made.

I also don't know how/who is able to buy the homes built in the area today. I hope those that want to own can do so. It takes years of saving and scrimping. You got to keep your eye on your target to make it happen years down the road.

Good luck!

Post #47353 by Tiki_Bong on Mon, Aug 11, 2003 2:19 PM