Fixer needs a major renovation!
Those were the opening words on the advertisement for one of the 120 homes currently for sale in our neighborhood. Since any homes that have been renovated and modernized are hundreds of thousands of dollars beyond the maximum price we could ever dream of paying for a home, these words rang loudly and clearly in
our heads.Fixer? Needs renovation? That's the home for us! After all, folks who haven't done anything to pretty up an old home and do nothing to hide the fact that it needs to be renovated couldn't be
asking too much for it, right? Umm... wrong. The house is on the market for $800,000.Yikes! Even a fixer-upper is half a million above a price we'd even consider paying.
If that wasn't shocking enough, the photo included with the
advertisement just about knocked me out of my seat. There are all kinds of ways to live in San Francisco (see the photos I've attached).Now, take a closer look and see if you can find the $800,000 fixer upper.
Yes, that's the one.
There is something very wrong with this world.
How could someone be expected to put a decade or two worth of earnings
into that structure? Fixer upper?! That must be the understatement of the century! That house doesn't need to be fixed up, it needs to be built!Pondering over the ridiculousness of the real estate market, the article we've linked to below explained much. If you're thinking that the world has gone mad as we are, check out the article to feel better. We did.
patrick.net/housing/crash.
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