The thing is we have been experiencing a crazy market. It has been anything but stable on the up side. Maybe it has slowed down a little, maybe not. The thing is a house could have sold for $400,000 one or two months ago and an almost identical one today might go for $500,000. Prices have been moving targets, some rapidly moving targets.
A friend of mine contracted for a new home to be built in Eagle, ID last year for a cost of $500,000. A few months later, by the time it was built and she closed on it, houses just like it were being sold for $750,000.
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
|