Thursday, October 2, 2008

Isn't it a buyers market?

Not in San Francisco it isn't. 
So I got a text message from Katie while I was at work the other day. It said, "There's a house for sale down the street". I replied "Wanna buy it?". She replied "I don't know but we should definitely call". I was joking around and thought she was too. I was wrong. So I called Katie on my lunch and she told me it was a "For Sale by Owner" property that was being offered as a Lease to Own. Sounded interesting enough, like having an open end lease on a car. So I was now on the proverbial hook.

I drove by the house on my way home, it is 6 doors from ours, to take a look at what our new house would look like. It was cute, had a garage, and no gate on the front door. I was assuming it was 3/2 which would be an upgrade from our 2/1. So I called the next day and talked to one of the owners to set up a time to come and see the place and ask about it. When he told me the price I nearly laughed. I thought this was a buyers market, but $810,000 in San Fran is considered a deal to some. Not to us. We have it pretty good where we are at. We got in before the sub prime crash so our rent is reasonable for the space we have, which includes our own laundry, a backyard, storage. And moving, even 6 doors down, with a two month old would be a chore and a half

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