Thursday, April 21, 2005

Reaction to Roseneath

I told my friend, L., about the selling price on Roseneath.

Her email reply, verbatim: !!!!!!!!!

So far, most everyone's reaction has been "Holy shit." Glad I'm not alone.

L. said the price depressed her. She and her husband bought a two-bedroom house in the same general neighbourhood as Roseneath about a year or so ago. They're in the process of renovating the kitchen, but they were hoping to upgrade to a three bedroom in the area. But with prices shooting up the way they are, she's afraid they won't be able to afford it. She's thinking now that they should just get comfortable where they are and expect to live there for 20 years.

I don't blame her. It's madness the way prices are shooting up. They're already jumped about 12 per cent higher from this time last year. Suddenly, houses that were selling for $320,000 last summer are going for $360,000. My wife's starting to feel like we missed the boat by six months.

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