On 2/9/2013 10:56 AM, George wrote:
On 2/9/2013 10:22 AM, Ed Pawlowski wrote:


That always cracks me up on the various "house hunter" shows. It always
goes something like "well the price is really good but that purple paint
in the bedroom just isn't going to work so we don't want this house..."

Buy the place for $25k less and hire someone for $1k to paint the room
and be $24k ahead. Amazing how most people never use such simple
financial reasoning.

Sometimes not all houses with ugly paint sell for less. In my
neighborhood houses with upgrades and modern colours are put up for sale
for quick, ie family has to move because of job or death etc. The
houses that have pre 1990's kitchens and colours, those owners wait it
out till the right buyer comes along.

Although I would say that for a lot neighbourhoods, your comments would
be correct.