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Real Estate
Reply to "Very little inventory in desirable areas"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can't imagine spending over a mil for those houses with such crap kitchens. I know, I know, there are posters that get on here and talk about how the kitchen is not the center of their home and they don't like spending time with dirty dishes. I'm just not one of those people. We hang in the kitchen as a family, and when we entertain people gravitate toward there. [/quote] And yet, that's what homes that size in those neighborhoods cost, and those kitchens are the ones they come with. If you prefer to spend less for more, you aren't going to find it in those zip codes. What planet are some of you people living on? Wishing doesn't make it so.[/quote] What are you talking about? We would probably put our house on the market for 600K if we were going to sell (we are not) and I live close in and have a much better kitchen than any of those houses posted. Hey, if people are out there ready to spend between 1-2 million for a house they are going to have renovate, so be it. I think those houses are at a disadvantage. A ton of people in my neighborhood have renovated kitchens that are much nicer than that. Look at any house listing. If the house has a nice kitchen, it is mentioned immediately in the text and they show a ton of pics. If not, they try to downplay it as much as possible. It's not that hard. [/quote] You are not in these zip codes, are you? Even among close in locations, there is a pricing hierarchy.[/quote] Right, but most people willing to spend that much on a house are making an investment in something they will probably live in for several years (hence the popularity of the 30 year mortgage). So unless they got up one day and said, "I think I'll buy a house today!" they are most likely willing to be a bit patient and wait. Most people buying a house are willing to sacrifice on some things. They pick a location and rank zip codes or neighborhoods. Then they have some dealbreakers. For me, it would be kitchen space. If it's not the colors or materials I would have chosen, fine, I can deal with that and in a few years renovate to my liking. But some people aren't going to be willing to do significant renovation. I haven't looked at how long those houses have been on the market. Maybe they will be snapped up. But I suspect if OP is looking, she's seen them and passed. Also, OP picked a pretty wide area...so chances are something will come up in the next couple of months. She doesn't HAVE to end up in one of those houses, is all I'm saying.[/quote]
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