Quote:
Originally Posted by speakingtohe
Congratulations.
It looks so shiny 
Coincidentally that is exactly what I paid for my condo in 1995. By paying an extra $1000 or so a year I managed to pay it off in 8 years.
Helen |
LOL...
I was about to post, I paid slightly more than that for a small house exactly that size (what are called "patio homes" in Scottsdale, AZ) in 1987. We, too, had ours paid off when we sold it some 18 years later. I think it looks darling, and if you two can manage it, I wouldn't pass that up. Housing in NOLA and in Detroit is incredibly cheap right now, and I don't see how you could go wrong with a sweetie like that one. Of course, I haven't seen the inspection reports, or anything along those lines..but if it has no secret problems...I'd snap that up. The house I'm living in now is not even in the same universe, pricing-wise, (of course, it's twice the size plus some) with that house, and I long mightily for "the good ol' days" of small mortgage payments like that!
Best of luck to you!
@Katsunami:
Most US housing really isn't anywhere near that price. That's an astounding deal. But we do have some areas in the country that are even more depressed, house-pricing-wise, than others, and NOLA happens to be one of them. (I have many friends, clients, and some contractors who live there, so have some knowledge thereof.)
Hitch