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URL:  http://boards.fool.com/workwayless-writes-i-bought-it-for-21000-it-is-30326584.aspx

Subject:  Re: intercst a Homeowner Date:  10/18/2012  1:58 AM
Author:  intercst Number:  45858 of 63139

workwayless writes,

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...

</snip>


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.

intercst
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