I subscribe to the Rug Theory (i.e., mess up the pattern a little bit here and there) because only God is perfect. So, I'm not saying it wasn't an absolutely superlative condo, just that I can guarantee it's not perfect.
And, hey, much of the US economy (including not-so-hot things like most people having less real income now than in 1960) is premised on *everybody* having housing appreciation to fund their retirement.
BTW in case of power outage water only gets up to the sixth floor, and in case of emergency the !@##$% elevator won't work so I would recommend condos on the second through fifth floor. Mind you, if all the condos are in two-story townhouses, that's not a problem.
Re: Rug TheoryemeraldsedaiAugust 5 2013, 19:55:25 UTC
Here in the western hinterlands, almost nothing is taller than six stories--certainly nothing I can afford. I eyeballed a couple of places near one or other of the rivers because once upon a pre-climate-change time that sort of location would have seemed pretty groovy. But no more. And the prices reflect that. I'm looking uphill.
Something will turn up. I'm just glad that I'm actually part of the so-called "everybody" with housing appreciation. So many people aren't, and so many who once were had to cash out in order to live. I feel like a squeaked in under some wire, somehow. Pure luck.
I don't know if this also applies to condos or only to freestanding homes, but I've read that a lot of the "things are selling the day they are put on the market" sort of thing is due to speculative investors (again). I'm investing in tulip futures, myself.
In just the last couple of years, Portland has cut the size of buildable lots in the inner city by half. Suddenly neighborhoods like mine are doubling their density as homeowners subdivide and sell their side yard to a developer who immediately builds a large house on it. The new construction is speculative, but it's a super good bet right now--a brand-new house within three miles of downtown is apparently a pretty hot commodity.
My house will sell in a week because the lot is buildable. The house itself is almost worthless. Sad but true. I'm too risk averse for tulips. :D
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And, hey, much of the US economy (including not-so-hot things like most people having less real income now than in 1960) is premised on *everybody* having housing appreciation to fund their retirement.
BTW in case of power outage water only gets up to the sixth floor, and in case of emergency the !@##$% elevator won't work so I would recommend condos on the second through fifth floor. Mind you, if all the condos are in two-story townhouses, that's not a problem.
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Something will turn up. I'm just glad that I'm actually part of the so-called "everybody" with housing appreciation. So many people aren't, and so many who once were had to cash out in order to live. I feel like a squeaked in under some wire, somehow. Pure luck.
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My house will sell in a week because the lot is buildable. The house itself is almost worthless. Sad but true. I'm too risk averse for tulips. :D
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