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Re: Real Estate Bubble in D.C. - CBS News tonite....
Old 05-18-2005, 03:36 PM   #21
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Re: Real Estate Bubble in D.C. - CBS News tonite....

Quote:
Originally Posted by Nords

My FIL bought a Bowie house in 1965 for $17K and cackled gleefully when he sold it in the 80s for $88K. Now he wishes he'd rented it to one of the kids... what are those homes up to, $300K?
Nords,

I sold my Bowie house in Dec. '04 for $325K (bought in 1979 for $78.5K). The house was built in 1971 by Levitt. We had done little in the way of upgrades. New roof in '92, remodelled bathrooms, new furnace and AC in '01. The house sold in 2 weeks for slightly more than the asking price.

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Re: Real Estate Bubble in D.C. - CBS News tonite....
Old 05-19-2005, 07:54 AM   #22
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Re: Real Estate Bubble in D.C. - CBS News tonite....

What's a Bowie house?
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Re: Real Estate Bubble in D.C. - CBS News tonite....
Old 05-19-2005, 08:58 AM   #23
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Re: Real Estate Bubble in D.C. - CBS News tonite....

Bowie is a bedroom community located in Maryland about half way between D.C. and Annapolis Maryland.
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Re: Real Estate Bubble in D.C. - CBS News tonite....
Old 05-19-2005, 02:44 PM   #24
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Re: Real Estate Bubble in D.C. - CBS News tonite....

Interesting hypothesis for house prices -http://www.efficientfrontier.com/ef/405/housing.htm

Also, Tulips may not have been a bubble except in the final weeks, but instead a legally forced repricing of contracts, causing prices to fall. (haven't found a link to the paper yet)
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