Quote:
Originally posted by turbo6bar
Investors in CA have resorted to buying properties based upon appreciation, and not cash flow.
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There's a guy here at work who does PC support. He just bought a $700k house, leapfrogging from his last one and going a little deeper into the hole on the way up.
Ug.
I paid $172k for my house; 4br, 2ba on 1/3 acre, and I thought I was getting bent over at the time. For all I know, it's worth $900k, but now that I'm almost done with my shop, they only way I'll be leaving is in a pine box.
