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|Subject: Re: intercst a Homeowner||Date: 10/18/2012 1:58 AM|
|Author: intercst||Number: 45858 of 59690|
I bought it for $21,000. It is 1100 square feet. Not the greatest part of Phoenix--but near the mountain parks and close to the Squaw Peak Parkway with easy access to the airport.
At the height of the housing bubble it was worth $145,000 and I had people leaving notes in my mail box begging me to sell.
Now it's worth ~$60,000. So glad it's still worth more than I paid for it...
The foreclosure I bought had a similar trajectory. Owner paid $150,000 in 2007, I paid $66,000 for it in 2012. I hope I do as well as you did in surviving the next down cycle.
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