[jkarolyi]

>In some counties, prices have gone up 100%.

That's nothing...Riverside county (where I live) is in the top 4 nationwide for increase in property values. The 2BR condo I bought in 2001 for $62K (another foreclosure, needed $10K remodeling) and sold for $120K in 2003 is now selling for $220K. The 3BR condos where I live now were selling for $100K in 2001 and are now selling for $300K! 300% in 4 years = total insanity!!! This is in one of the ugliest, smoggiest cities in the nation.

I'm going to pull the trigger and do the deal. If after my year lease is up there aren't any foreclosures to buy, I'll pack up and move back to NC or TN where you can buy a real house for my $200,000 cash!