Quote:
Originally Posted by Hondaracer
As insane as the market is, and as heavily leveraged as people are getting themselves, if you're buying a house that's 30-100 years old and not budgeting for repairs, you're insane.
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With how much prices have risen in the last year alone I think it's safe to say a lot of people are buying places 20-40 years old, spending more than they want to because if they don't offer more than asking price with no subjects they aren't even considered.
That 20k they might have saved for repairs probably went to outbid the next guy.
Or I could be wrong, and everyone's wages just went through the roof the last couple years.