Sorry, this too easy. I do agree with ya on the oil prices. It's getting ridiculous. I really am trying to conserve fuel and be smart. The only downside is my productivity goes down. Catch-22.
Quote:
With housing prices skyrocketing for no logical reason, renters across the country are losing opportunity bigtime. Homebuilders are making and selling homes for far greater than it costs to build. Even the dumbest flippers are making 100% profit for doing nothing. Rental properties are still profitable but in most cases the rent barely covers rising expenses and taxes.
If housing continues to climb or stays at these high levels, the non-owners will have to start living in tent cities and Hondas.
We may be looking at $10million, 500 sf starter homes in South-Central Los Angeles at the end of the year if something doesn't give.
This irrational run-up in housing prices is really going to hurt this country. I'm thinking 1929 or worse. Seriously, this is the stuff that David Lereah books are made of.
|