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no go on the house - Karen's Musings
Random Rambling
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

48 comments or Leave a comment
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
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?
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.

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.
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. ;)
cellio From: cellio Date: April 27th, 2004 10:22 am (UTC) (Link)

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.
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.
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.
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48 comments or Leave a comment