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Old 02-25-2015, 08:16 AM
 
Location: In The Thin Air
12,252 posts, read 8,038,289 times
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It reminds me why I moved here in 1999 from San Diego. I knew I couldn't afford a home there even with a decent salary.
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Old 02-25-2015, 08:42 AM
 
13,675 posts, read 13,493,126 times
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Quote:
Originally Posted by denverian View Post
It was quite affordable for us in the mid 90s. At that time, we rented a nice 2 bdr. apt. in central Orange County for $700 a month. Then in 1998, rents started going crazy, like they are in Denver now. So we bought a 2 bdr. 2 bath condo for $120K. At the time, that seemed like a lot of money, but we sold it for a little over $400K in 2005. For us, it was all in the timing. I think that same apartment we rented in OC today goes for arounc $1400 a month. but rents there did stabalize after about 4 years of crazy increases.
I only bought 2 years ago in Edgewater, and I could probably make a tidy profit on the place if I had to.

But I never want to move again - I'm hoping this is the place I stay in until they wheel me out feet first. Unless I came into a ton of money and could afford an amazing upgrade, of course, lol.
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Old 02-25-2015, 08:53 AM
 
695 posts, read 802,002 times
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Originally Posted by JrzDefector View Post
I only bought 2 years ago in Edgewater, and I could probably make a tidy profit on the place if I had to.

But I never want to move again - I'm hoping this is the place I stay in until they wheel me out feet first. Unless I came into a ton of money and could afford an amazing upgrade, of course, lol.
Edgewater is a neat little area. Jogging around Sloan's Lake is a great pastime. Our instructors in the police academy took us there several times to run. A nice break from the classroom and a few of us always managed to get phone numbers from the ladies hanging out admiring the young stud cadets.
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Old 02-25-2015, 09:20 AM
 
Location: The analog world
17,087 posts, read 9,802,637 times
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Yes, I could make a tidy profit if I sold, but the question is: where would I go? My entire life is here: family, friends, job, school, and a lovely, if imperfect, house. I have no desire to start over elsewhere, and my kids would have kittens if I even suggested it.
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Old 02-25-2015, 09:54 AM
 
Location: Denver, Colorado U.S.A.
14,174 posts, read 23,221,211 times
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Originally Posted by randomparent View Post
Yes, I could make a tidy profit if I sold, but the question is: where would I go? My entire life is here: family, friends, job, school, and a lovely, if imperfect, house. I have no desire to start over elsewhere, and my kids would have kittens if I even suggested it.
The only way to "win" the equity game is to sell and move to a cheaper market, as we did coming to Denver from California in 2005. We could sell our Denver house and move to Wichita and pay cash for a bigger house, but then we'd have to live in Wichita
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Old 02-25-2015, 10:00 AM
 
5,444 posts, read 4,814,648 times
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Originally Posted by denverian View Post
The only way to "win" the equity game is to sell and move to a cheaper market, as we did coming to Denver from California in 2005. We could sell our Denver house and move to Wichita and pay cash for a bigger house, but then we'd have to live in Wichita
My brother in Texas said that I could have bought 2 or 3 houses for what I paid for our house. My reply was always "but then I would have to live in Texas".
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Old 02-25-2015, 10:07 AM
 
Location: The analog world
17,087 posts, read 9,802,637 times
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Better a high mortgage than high property taxes. You can pay off a mortgage, but the property taxes never end.
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Old 02-25-2015, 10:12 AM
 
Location: Aurora, CO
6,530 posts, read 10,200,595 times
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Originally Posted by headingtoDenver View Post
My brother in Texas said that I could have bought 2 or 3 houses for what I paid for our house. My reply was always "but then I would have to live in Texas".
Amen to that...
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Old 02-25-2015, 10:37 AM
 
Location: Phoenix, AZ
1,802 posts, read 2,072,822 times
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Quote:
Originally Posted by denverian View Post
The only way to "win" the equity game is to sell and move to a cheaper market, as we did coming to Denver from California in 2005. We could sell our Denver house and move to Wichita and pay cash for a bigger house, but then we'd have to live in Wichita
Good point. Perhaps the trick is to live here until the prices appreciate to ridiculous levels and you have a ton of equity and then move to a desirable place that still has a relatively low cost of living. I'm thinking someplace like Montana, Boise, southern Oregon, etc. someday. Maybe even AZ again if I want the warm weather. Or just never leave.
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Old 02-25-2015, 10:48 AM
 
695 posts, read 802,002 times
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Quote:
Originally Posted by headingtoDenver View Post
My brother in Texas said that I could have bought 2 or 3 houses for what I paid for our house. My reply was always "but then I would have to live in Texas".
Yea, along with my x's.

And, they do have an active death penalty in that state.
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