ultrarunner
Epic Contributor
- Joined
- Apr 6, 2004
- Messages
- 23,246
- Tractor
- Cat D3, Deere 110 TLB, Kubota BX23 and L3800 and RTV900 with restored 1948 Deere M, 1949 Farmall Cub, 1953 Ford Jubliee and 1957 Ford 740 Row Crop, Craftsman Mower, Deere 350C Dozer 50 assorted vehicles from 1905 to 2006
Back when I started all my home buying friends bought distressed or bad neighborhoods.I bought my first house in 1977, I think I paid 8.5% and thought I was getting a bargain. Within a year mortgage rates were over 9.
Part of the problem is that it seems that everyone today wants a "move in ready" house at a bargain price. Both houses I've owned were as you described...estate properties previously owned by a long-time widow and needed lots of TLC. Most of my friends' first houses were also fixer uppers. No less "desirable", just more affordable and with some work can be just as desirable as anything else.
Now... good neighborhood and updated.