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Real Estate is a tough one. Our hood has some nice houses that were selling for 175k about two years ago. Two of the same houses just sold for just 300k and there is a third on the market right now for 300k. In two years some foks almost doubled thier dough. They can't build houses fast enough right now in this price range. On the other hand...
We have a lake in town where prices have nearly tripled. Most stuff is around 1.5 mil now. They buy a house 750k and knock it down and build new for about the same in construction costs. Some of these folks are paying 20-30k for property taxes. There are 30 houses on the lake for sale between 750 and 2.7 right now, these are not moving.
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Rick
" too many people spend money they haven't earned to buy things they don't want to impress people they don't like" Will Smith
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