The housing prices are crazy low right now…
I looked at this place on Vernon Hill on Sterling Street. The price at the time was $175k. I liked how much space was there but no way in hell did I want to deal with 15 coats of paint on the wainscoting.
Well this condo sold for $125,000 a couple weeks ago…
Then some time ago I saw this cute condo in a Victorian home near elm park… It was around the 170k range. Was last assessed at $175k, now for sale for $124.9K.
Both of these condos boast large sq footage for a very low price…
@ 51 Sterling there is still units for sale in this converted Triple Decker… Check this one out… If the 2nd floor went for 124K then I am sure the 3rd floor could go for less…
I think this will be my new adventure.. It is amazing at homes we looked at in thew fall of 2006 that we could not afford and some of them are still on the market and priced way below what they started at. Sighhhhhh
Hang in there. As someone who went through the same thing 20 years ago I have alot of sympathy for your plight.
My wife & I were the first to buy into a new 8 unit complex in 1988. 700 sq ft for 80k. We really liked it but after the developer went bust & 4 units were foreclosed for 35k apiece it was never the same.
We lasted 11 years & 2 kids & finally bought our dreamhouse in a great neighborhood. We sold the condo after 14 years for 78k just wanting to get rid of it.
The only advice I can give is to hang in there & the market will turn around. Hopefully it will become a nice place to live & the financials will take care of themselves.