The one satisfying thing about chronicling the growing California pileup of bank-owned homes (see our Sunday story about what you should know when shopping for one) is talking with people who buy them. Not the investors. But first-time buyers who see this market correction as not the end of the world, but the beginning.
It is infectious to hear enthusiasm of people who just bought a first house - for a price that they still can hardly believe.
I have had three of these feel-good conversations recently with people who bought bank repos. I vividly remember their sales prices - $215,000, $230,00 and $170,000. Miraculous all.
All three couples in their 20s, 30s and straddling the line around age 40 felt that the dream of owning a house had passed them by.
So I love their stories of banks paying closing costs and throwing in money for an air conditioner stolen while the house sat vacant.
Mostly, I just love the excitement in their voices over the sheer luck of it all. There are clearly two stories out there as the Sacramento-area market loses value - and one of them always puts a smile on your face.
@Nyx.CommentBody@