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no go on the house - Karen's Musings
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estherchaya
estherchaya
no go on the house
We didn't get the house. Someone made an all-cash offer with an escalation up to 450K. No way I was willing to go that high. And did I mention no way could we put an all-cash offer on the table?


All-cash, up to $450K on a 60 year old house with no A/C.

Wow. We are doomed. ;)

Current Mood: okay okay

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Comments
kmusser From: kmusser Date: April 27th, 2004 09:04 am (UTC) (Link)
This is why I ended up in Brunswick :-)
estherchaya From: estherchaya Date: April 27th, 2004 09:38 am (UTC) (Link)
Yeah, but we can't end up in Brunswick. We absolutely have to be within walking distance of our (or a) synagogue. And so, we'll have to find a way to pay the price! :-O
kmusser From: kmusser Date: April 27th, 2004 10:05 am (UTC) (Link)
Frederick then *grin* - though actually I'm not sure if the one in Frederick is the right denomination for you. Still is just painful to see places going for 500,000 when you could get the same place for 200,000 if it's 30-40 miles away. DC is crazy, but then you knew that. Good luck on your hunt.
estherchaya From: estherchaya Date: April 27th, 2004 10:13 am (UTC) (Link)
Frederick is out. First of all, the community isn't what we're looking for (religiously, that is). Second of all, Seth works in Baltimore. Third of all, I work in DC!

So we're going to have to suck it up. Blah.

To me, though, the extra 200-300K is warranted. I'm willing to pay more money to have the convenience of living where I live. I live in an area where I'm less than 10 miles from work, Seth is 30 miles from work, but it's a straight shot up the highway which is extremely convenient to our house, we have three kosher markets, several kosher restaurants, a couple Jewish bookstores, two kosher bakeries, loads of things to do in downtown Silver Spring, a pretty area to live in without having to be in the boonies, and options.

The only problem with all of those conveniences, of course, is that we have to find a way to pay for them. ;)

I've always said I'm not a country girl nor a city girl. I'm a firmly rooted suburb girl, which probably comes from growing up on military bases.

From: gittygiggles Date: April 27th, 2004 12:10 pm (UTC) (Link)
do you go to the shul in frederick? my hubby and i are both from there. there WAS a shul in brunswick. it's an old dilapidated building now and there's an apt in the basement. it's neat.

do you live in "old" brunswick or "new" brunswick?
kmusser From: kmusser Date: April 27th, 2004 12:25 pm (UTC) (Link)
No, I'm not Jewish - only know it's there because I drove past it at one point. I just enjoy teasing Karen :-) I'm in the old Brunswick, near the city park - just moved in last fall. Definitely enjoying it.
From: gittygiggles Date: April 27th, 2004 03:24 pm (UTC) (Link)
that's neat! my hubby and i VERY breifly considered brunswick...but we like baltimroe too much :p
sethcohen From: sethcohen Date: April 27th, 2004 06:54 pm (UTC) (Link)
The house we almost got was spitting distance from your old apartment. Well, maybe one of the top apartments. :)
From: cecerose Date: April 27th, 2004 09:14 am (UTC) (Link)
It's crazy and that's ridiculously overpriced.

Whoever wants to pay cash up front for that must have a hole in their head bigger than Toldedo.

Know that doesn't help you, but hang tight. The housing market is all about being patient and timing.

*sigh*
estherchaya From: estherchaya Date: April 27th, 2004 09:39 am (UTC) (Link)
Well, it's not so much over-priced as it is inconceivable. I fully expected it to go for near that much. It's only over-priced if the market doesn't support it, and obviously the market supports it. The DC housing market right now is out of this world.
From: cecerose Date: April 27th, 2004 10:04 am (UTC) (Link)
No, this is true. But if real estate bubble bursts as it did in the early 90s in the NE, then that person who outbid you is going to be in a world of hurt... The market can't keep supporting those kind of prices, especially when interest rates start going up.

I feel your pain, though I was lucky. I got into my place just before prices even got crazier than I thought possible. My 944 square foot, 2BR/2BA condo is now worth $300-310K. And I only paid $220K less than 12 months ago. It's INHUMAN.

//THUD.
cleobatya From: cleobatya Date: April 27th, 2004 09:42 am (UTC) (Link)
my brother just bought a house near ballston/rosslyn for liek 475. its the craziest oldest (not to mention sortof un-cute but i didnt say that) house. the idea of paying a half a million dollars for a glorified shack is crazy to me. i cant believe that someone has all that cash.

good luck with this stuff. crazy.
bluejeanjexy From: bluejeanjexy Date: April 27th, 2004 10:09 am (UTC) (Link)
House's are for losers, anyway.

Or something equally comforting :-\
estherchaya From: estherchaya Date: April 27th, 2004 10:14 am (UTC) (Link)
er... I'd say that wasn't so comforting except that you made me giggle. ;)
bluejeanjexy From: bluejeanjexy Date: April 27th, 2004 10:19 am (UTC) (Link)
suh-weet!
cellio From: cellio Date: April 27th, 2004 10:22 am (UTC) (Link)
Ouch.

Sorry you didn't get this one. I hope you find something else soon.
rebelzero From: rebelzero Date: April 27th, 2004 10:36 am (UTC) (Link)
sorry to hear that.

About 90% of the contracts that come into our office, especially during the summer, have escalation clauses.

hope you have better luck the next time around
estherchaya From: estherchaya Date: April 27th, 2004 10:43 am (UTC) (Link)
We had an escalation clause. But it was a slightly smaller escalation clause. That, apparently, isn't what killed it for us. What killed it was that the other offer was an all-cash office.
estherchaya From: estherchaya Date: April 27th, 2004 11:52 am (UTC) (Link)
offer, not office.
ichur72 From: ichur72 Date: April 27th, 2004 11:33 am (UTC) (Link)
You're currently in/near Baltimore, right? If you don't mind my asking, why are y'all looking in Silver Spring? Based on what I know (which is admittedly little), housing prices are lower in Baltimore ...
estherchaya From: estherchaya Date: April 27th, 2004 11:45 am (UTC) (Link)
No, we're actually already in Silver Spring. Moving to Baltimore doesn't make a lot of sense for a few reasons. First of all, we love, love, love our shul. Second, I work in DC and I'd go from having a 1/2 hour commute to having a 90-120 minute commute (no joke). My husband, admittedly, works in Baltimore which is about a 40 minute ride from Silver Spring. But to get from the frum area of Baltimore to the downtown area that he works in would still take him about 35-40 minutes and it would be all city driving instead of highway. So, as attractive as Baltimore housing prices are... we can't quite yet part with our love for Silver Spring.
ichur72 From: ichur72 Date: April 27th, 2004 01:33 pm (UTC) (Link)
Oops -- sorry about that. I hear good things about the Silver Spring community, so I can imagine you don't want to leave.
leahmiriam From: leahmiriam Date: April 27th, 2004 07:18 pm (UTC) (Link)
We moved to Baltimore in 1998..I was living in Silver Spring and my soon to be husband was in New Jersey. He got a job in Owings Mills and decided to move to Baltimore. Although we met and became close with people we would have otherwise not met, it was a dismal situation. Too much of a shtetl lifestyle, too many frummies, and too many opinions on how to live. Blech. So after three years we bolted and came back south to Silver Spring. Never been sorry. There was a brief period where we were considering moving back to Baltimore because my husband was uncomfortable with Kemp Mill, but White Oak was a better fit. I know Woodside would have been a good match as well, but it is a very pricey area. Turns out the prices here have gone up 100K since last fall...so we moved just in time. Sometimes it isn't so easy to pick up and move to a cheaper area...lots of things need to be taken into consideration. Sometimes I will wander into real estate listings for other parts of the country and am blown away at how much cheaper housing is, but there has to be a trade off. I am a snob in this in that I believe people in Washington are smarter than in other parts, and I like that kind of stimulation. I lived in Richmond Va for 6 years, so that is a qualified statement. So don't lose hope, Karen...but I do believe you might want to look for a house you can live in for a while because I don't see prices coming down anytime soon.
estherchaya From: estherchaya Date: April 27th, 2004 07:49 pm (UTC) (Link)
So don't lose hope, Karen...but I do believe you might want to look for a house you can live in for a while because I don't see prices coming down anytime soon.

Well, that's effectively what we're doing. We're not looking for the be-all and end-all of houses. Whatever house we buy next isn't going to be our last house ever. We just need something to suit our current needs, within the eruv, somewhere remotely close to our price range. And then I'll be happy because it will at least be a start toward the ultimate house. :)
From: gittygiggles Date: April 27th, 2004 12:07 pm (UTC) (Link)
(move to baltimore)

you'll find something!

(move to baltimore)
estherchaya From: estherchaya Date: April 27th, 2004 03:38 pm (UTC) (Link)
Baltimore is not a realistic option for us. Plus, I adore Woodside.
From: gittygiggles Date: April 27th, 2004 03:55 pm (UTC) (Link)
i still think you should move next door to us :(

what IS that in your icon? at first i thought it was a seal and that satisfied me but now i realize it's not
sethcohen From: sethcohen Date: April 27th, 2004 06:57 pm (UTC) (Link)

What is it?

Bunny!
From: gittygiggles Date: April 28th, 2004 04:25 am (UTC) (Link)

Re: What is it?

is that your bunny?? do you have a bunny??
sethcohen From: sethcohen Date: April 28th, 2004 05:32 am (UTC) (Link)

Re: What is it?

No. Still no.

What would you have done if I'd said "No. Yes."?

Comcast.net has a 'picture of the day'. That was one of them.
From: gittygiggles Date: April 28th, 2004 05:48 am (UTC) (Link)

Re: What is it?

i can dig it. cool :)
estherchaya From: estherchaya Date: April 27th, 2004 07:43 pm (UTC) (Link)
I hate to put it this way, but er, you haven't made the neighborhood out to be a very, uh, enticing prospect.

It's an extreme bunny closeup. Not my bunny, but it was cute so I snagged the picture.
ichur72 From: ichur72 Date: April 27th, 2004 07:59 pm (UTC) (Link)
Do you have a bunny then? Walt's itching for the day we can get some.
estherchaya From: estherchaya Date: April 27th, 2004 08:06 pm (UTC) (Link)
I do not have a bunny. The cats would probably rip it to shreds. I'm very allergic to a lot of animals (including our cats), and I suspect bunnies wouldn't be any better. I'd like a hedgehog, though. And maybe a dachsund. :)
leahmiriam From: leahmiriam Date: April 27th, 2004 08:45 pm (UTC) (Link)
I had a Bunny named, funny enough, Muffin. She was silver, she was cute, and I have never seen an animal that poops that much before or since. I was amazed. In the end, I don't think her life was all that stimulating in a cage of cedar chips.
cellio From: cellio Date: April 28th, 2004 09:31 am (UTC) (Link)
I have been told by many people that it is possible to house-train a rabbit so it doesn't have to spend its life in a cage. On that basis I adopted one once, but I had a slow learner and I eventually sent him to live with someone who already had house-trained rabbits, figuring that might give him role models or something. I'm not sure how that worked out in the end.

But Stuart sure was a cute li'l thing, aside from his export problems. :-)
From: gittygiggles Date: April 28th, 2004 04:26 am (UTC) (Link)
if you moved next door, thered only be 2 problem houses instead of 3!!!! and they'd doo heroin somewhere else....its safer than you think!
estherchaya From: estherchaya Date: April 28th, 2004 04:30 am (UTC) (Link)
Yeah.... NO.
We aren't moving to Baltimore. And certainly not with comments like "they'd do heroin elsewhere." That's not a risk I want to take.
From: gittygiggles Date: April 28th, 2004 04:40 am (UTC) (Link)
oh come on! they do heroin in ss!!

you just dont know where! i know a few of the places they do heroin in FREDERICK.

actually...herion is too cheap for rich ss ppl....they probably do crack or something. :p

it's just as safe here as it its by you. in case you were wondering dc area has the HIGHEST murder rate in the country and baltimore is ONLY number 4. SO THERE!
estherchaya From: estherchaya Date: April 28th, 2004 04:55 am (UTC) (Link)
First of all, I don't live in DC.
Second of all, though saftey is important, that's not the only factor here.
You aren't going to convince us to move to Baltimore anytime soon. Seriously. It ain't gonna happen.
From: gittygiggles Date: April 28th, 2004 05:07 am (UTC) (Link)
:C
(Deleted comment)
estherchaya From: estherchaya Date: April 28th, 2004 07:35 am (UTC) (Link)
yeah, er, last time I moved to your town, I got thrown out of law school. I don't think I care to repeat that. ;)
cellio From: cellio Date: April 28th, 2004 09:33 am (UTC) (Link)
You could come to Pittsburgh. I promise not to throw you out of law school. :-) (Do we have a law school? Pitt probably does...)

Yeah, I know Pittsburgh isn't on the short list for you; I'm just being a pain (but I hope not an annoying pain).
estherchaya From: estherchaya Date: April 28th, 2004 09:38 am (UTC) (Link)
Actually, I've heard a lot of positive things about the frum community in Pittsburgh. I'm not sure how I would feel about actually living there. It's really not on the short list only because of job opportunities. Seth would have to change his licensure. If I kept a job in my field, I'd have to do a LOT of traveling, because most of the work isn't available in Pitt (though there's some...just far less than in DC)

For that matter, Ithaca is nice too, but the odds of me ever moving to Ithaca are nil.
cellio From: cellio Date: April 28th, 2004 10:41 am (UTC) (Link)
Actually, I've heard a lot of positive things about the frum community in Pittsburgh.

So have I. :-) I wouldn't presume to speak for them (I live in the middle of the main neighborhood but I'm part of a different community), but if you were ever seriously looking at Pittsburgh, I'd be happy to put you in touch with the frum folks I know here. Though it certainly sounds like this wouldn't be feasible job-wise. If that changes, though, we'd love to have you. :-)
(Deleted comment)
estherchaya From: estherchaya Date: April 28th, 2004 09:59 am (UTC) (Link)
yeah, an ivy league law school that I wouldn't have gotten a full-scholarship to, so I'd be paying through the nose for the honor of being thrown out! ;-)
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