Very Special Thread Of Real Estate Randomness

[betenoire]

Originally Posted by JustJo

Best of luck with your house hunting. I was trying to sell my house here but finally gave up. Everyone seemed to think that central NY had the same boom that Florida and Arizona did (wrong!) and wanted to offer me a ridiculously low price. I said heck with it and am renting the place out instead....hassle, but I'm not interested in giving it away.

I've been hearing a lot of that lately.

Actually, there was an article in the local newspaper here about how shitty it is for sellers right now, especially where I'm living. Houses in Sarnia are actually -cheaper- now than they were 3 years ago when I moved here. To top that off, according to the article, a few summers ago there were -maybe- 400 houses for sale in Sarnia during the month of august...this year there are 3x that and -nobody- is buying. People are getting lowballed left and right and some people are selling at a loss because they are so desperate to get out of their mortgage. I guess that's just another symptom of the bad economic situation right now.

I watch the listings pretty religiously because I really want to get out of my apartment and get into a house. And it's true - houses just aren't selling. There is one house that has been for sale since I moved here. SINCE I MOVED HERE which was just over 3 years ago. That's insane.