At first glance, I thought that sicko was Ron Paulus.

Just another reason to hate Dook.

As a result of the Clearinghouse decision yesterday, this is gonna take off, and will be like the tobacco litigation.

Ah, a payday for the lawyers. Good thing I sold my WF stock.

http://news.bbc.co.uk/2/hi/business/8118376.stm

Other sister in law lives in a huge 6 bedroom twin in Mt. Airy right up the street from the train. Kids are also in Catholic Schools. Her husband works in NYC and drives down to 30th street every day for both convenience and safety reasons. Virtually every activity she drives her kids to (from the orthodontist to gymnastics) is in the suburbs. She has wanted to move to Lafayette Hill for years, but the thought of packing up her 6 bedroom house is really just too daunting.

I’d just be really careful before committing a huge sum inside the city limits. As your kids get older, the city really becomes a less convenient address.

delusion/ off

You’re a UNC guy, right?

http://www.cnn.com/2009/CRIME/06/30/duke.molestation.internet/index.html

Plus depending when the renovations were done, they now could be 4 to 5 years old. Renovations do not increase the price with age.

“I’m gonna say yes.”

Thought you might.

In my my free time, too.

Yeah, free time. Right.

BTW, you still up the hill from me?

Second, the renovations may put the house in a higher bracket, who knows. maybe they increased the value by 30% over 2005 price and now its only worth 10% over. you have to find current similar sales in the neighborhood or town and compare.

THE HOUSING REVOLUTION
We’re also going to see residual effects from this crisis, much the same as we saw after the Great Depression. People that lived through the scarcity of those years tended to be savers and hoarders, not throwing anything away. Going forward, I think we’ll see a large increase in the number of people that never buy another home. After going through the trauma of getting foreclosed on or watching their parents, family, neighbors and/or friends go through it, they’ll choose to be lifetime renters. That’s good news for real estate investors as many of these people will still want to raise their families in houses, not apartments.
I also think we’re seeing the end of the “McMansions” and sprawling suburbia. Inland California was overbuilt, in the middle of nowhere (that’s why it was cheap to develop) and is now turning out near vacant ghost towns due to all the foreclosures. Values have already dropped over 50% in many of these areas and show no signs of slowing yet. Why? It’s too far to commute to work. Eventually population growth will fill these towns back up, but that could take a decade or more.
Millennial’s, those born after 1980, are flocking to urban landscapes and smaller homes. They don’t want to be house poor or commute more than minutes to work, preferably via mass transit. As gas and energy prices rise when the world economy recovers, more of us will be forced to address these same issues. This will eventually be good news for decaying urban areas and those that invest there ahead of the curve.
People will also stop looking at their homes as a source of wealth. Homes will be seen less as “castles” and more as just places to live. Europe and Asia are already like this. People there don’t socialize in their homes as much as we do (most are too small), they meet at cafes, restaurants, parks, etc.

Disclaimer – I am neither a Realtor or an appraiser. Determining a homes worth is a very subjective process, you will gets lots of good advise here and lots of bad advise as well.