So I have been looking at houses on and off, casually, for the last few months. I say casually because at first Keen and I together went to a few open houses at the beginning of the season (spring), and I started searching through the MLS listings and frankly, it was just depressing. Houses out here are ridiculously expensive. For those who don’t live in California or New York it will probably be hard to fathom but for a bit of perspective, $300K out here would get you a crack house in the ghetto… if you could find a house priced that low. I’m not kidding.
The houses usually start around $500K in the bad areas and go up from there. But you know… we live here, we grew up here, we don’t want to leave (and the commute out of the area is hellacious) and you just know what you have to deal with and plan accordingly. Right?
OK. So started looking early on at houses in our price range and, basically, the houses available were the same exact thing that we have now with one additional tiny room tacked on. We’re currently in a two bedroom, one bath. I love my house; it’s a perfect little starter home. It’s got a great backyard where I put in a little English garden but we still have lawn. It has a partial basement and a garage with extra rooms in the back (perfect for the arcade!) so there’s plenty of storage. But the rooms are small and we’re busting out at the seams. No way, can we do another kid here for any length of time.
My dream home (and we’re talking dreams here, so cut me some slack) would be a big Victorian on a quarter acre, with a guest house. It would have a ton of gingerbread and gables, funky windows, hardwood floors, creaky noises, and a tower. Yes, a big witch house. (Big surprise.)
What we ultimately need/like: four bedrooms or three bedrooms and an office (since I work from home this is absolutely necessary), two + bathrooms, a garage, a good size yard (or at least as big as what we have now, but bigger would be better – I want to grow my vegetables in the ground instead of pots), a quiet street, and an older home (because we both like older homes and the new homes here have no yards and are utterly charmless). Of course, we’re open to sacrificing some of these qualities if we find the right house.
Anyway. (Damn, this post is getting long. And right after I resolved to write shorter posts because, you know, they wouldn’t take me so long and I would post more often.) In spring and early summer, every house we saw that we liked was WAY out of our price range: $1.3M, 1.5M. Yes, I am absolutely serious! Four bedrooms, two baths were going for that much. I got fairly discouraged and decided to just hang back and watch the listings. We weren’t in a hurry to buy in any case, but wanted to take time to find the right home. If I saw anything potential I’d check out the open houses. We even talked about staying here for a year longer than we planned to see if the housing market would go down.
Then, THEN, as I watched the listings and the summer went on, I saw a very good sign. Houses weren’t flying off the shelves like they had been. In fact, there are houses now that have been on the market for months!
Yay! I thought, sitting at my computer in my office/dining table corner, five feet from where Chance plays and watches TV, with the power cord line we constantly have to step over and the pile of laundry on the other end of the table. The NEXT step is for those house prices to start coming down.
And sure enough, they have started coming down!
For the first time, I called up an actual agent and looked at a couple of houses this week outside of the open homes. For the first time, I saw houses with our above requirements – houses that I liked – that are actually in a doable price range.
Thank god for buyers’ markets. – the weirdgirl
I’ve learned that one can never CASUALLY look for a new house. Oh sure, you can say it all you want, but casual eventually leads to serious. Been there, done that… just last May. We’re lucky here in St. Louis that we can get a lot of house for the money. I wish it were that way for you. Sometimes we watch “Flip That House” on one of those home improvement cable channels and we are always flabbergasted by the prices of tiny little houses on the east or west coast. I mean houses that are smaller than our old one and going for close to $750,000. Amazing.
Best of luck to you in your house-hunt. I’m sure you’ll find just the right one for your family. Then you can post lots of pictures and we can all drool over them.
I never told you about the house in Indiana going for 25K, did I? Some people have cars that cost more than that. Some people could write a check and be a homeowner for that. I could actually get a loan for that and be a homeowner.
However, I stay a renter since I don’t want to live out by my partner’s family and leave California. Yeah, we’re paying for it, but it would be hard to leave.
I feel your pain. And your joy. I live in Boston and we are renting a crap apartment because a decent house (note: not luxurious) is at LEAST $700K. That’s for a fixer-upper 1850s house.
But, alas, prices are going down. I’m cautiously optimistic.
KC, I don’t think any pictures I post will make you drool because I remember the pictures of YOUR house and it was ADORABLE!
Jade, $25K? That just makes me feel a little bit ill.
Reluctant Housewife, I know this is going to sound horrible (because I COMPLETELY feel your pain, too) but I would so love an 1850s house! Most of the truly older homes out here are gone. And the restored ones go for quite a pretty penny. (However, I don’t really want restore one myself either. When, oh when, will I be rich?)
I’m so jealous and excited for you. We need to move too, but a bigger house isn’t in our budget right now. We were crowded before Anya came along. We just watch and plan (and dream) for when we find the perfect house and can go deeper into debt.
p.s. My husband’s relative’s house sold for 22K after she died (2 bedroom’s, 1 bath with detached 1 car garage, but it was very old)
Oy do I feel your pain. Pancake and I are in the eact same frame of mond. We are thrilled to see the prices coming down. “course LA Times had to go and write an artic le about how Culver City is super hot now but I think I managed to set fire to all newspapers before too many people saw it.
We’re thinking next summer…I’ll keep my fingers crossed for oyu guys if you do the same for us! Let’s say it together…450K 450K 450K…so sad that that’s low to us!