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    Howdy. This is Bob. The Bob of Bob Blog. This blog contains about five minutes of my thoughts each day. A record. A history. And occasionally worth reading.

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    Bob Blog
     
    Monday, July 28, 2003  

    Yesterday Sophia and I had a good laugh at our good fortune...

    We noticed the "open house" signs two doors down. It is a fine yellow house that is the fourth in the series of lots that match ours. Their house has a garage instead of a carport and have redone the lower balcony into an office and sitting room. Their yard is a garden, not weeds. So I guess they don't match exactly.

    I went to eRealtor.com to see if they were listed. When Sophia came home I asked her to guess the price. $600K. Higher. $650? More. $7? Up. $725? More... $800? Still lots more. She gave up. The asking price is $889,000.

    So here is a report on the houses in the neighborhood currently for sale:
    Two doors down: $889K
    Diagonal on the corner: $795K (this started at $850 or so)
    Down one block on corner: $890K
    Up the hill: $1,299,999 (this one is apparently worth 1M)

    A house is only worth what it actually sells for, not what it is list price. However, it is just a little frightening to be in a neighborhood with this type of prices. Perhaps we are in the bubble phase of home prices. The little 600 square feet cottage starts at 400-500K. And everything seems to be starting well above what I'd imagine as reasonable.

    So after laughing at our good fortune we went out on the patio to enjoy the view.

    6:51 AM  0 comments

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