Real estate sticker shock

[magid]

I just visited my downstairs neighbors, the other ones selling in my building. They realized that with two kids, there just isn't room in their place. Currently, the livingroom is the kid's room, and the second bedroom is a tiny study. They may be crammed in, but they have the place looking really nice, actually.

So I asked how much they're asking. And she said they're asking what the across-the-hall neighbors got... $354K. (This is for an 854 sq. ft. apt, 2 BR, 1 BA, storage in the basement.)

O. M. G.

This is far more than double what I paid 7.5 years ago. Part of me is pleased I have a worthwhile investment (especially since the markets are down so far), but part of me is just in sticker shock. Not that I haven't seen the ads for places, but this makes it far more real how absurdly overpriced things are around here.

(Anyone want to live downstairs?)

Comments

Re: More synchronicity

[magid.livejournal.com]

I've heard really good things about Portland, including a wonderful Japanese garden, a bounded city, and Powell's bookstore, plus a family I know. I've never lived in the U.S. outside MA, though, so I suspect my inertia is large...

Were there interesting things mentioned? Perhaps I shall go to Portland on vacation next year...