So everyone seems to be talking about real estate nowadays...so often in fact it reminds me very much like 5 years ago when everyone talked about nothing other than the stock market. Back then, everyone had some sort of stake in the market, small or large, insider tips to growing companies, etc. Interesting... if the real estate market is anything like the stock market, I worry that eventually, the over-inflated housing bubble will burst.
So, my husband and I went to several open houses today in our neighborhood. Of course, houses are still extremely overpriced here. Obviously, those scientific reports that announced our area to be the worst earthquake and tsunami zones did little to affect the prices. We found out that for 1/2 million dollars, you can only get a small, 2-bed, 1 bath fixer-upper. Yep, a house that will probably require you to dump in at least tens of thousands to make it liveable. Any so-called "move-in" condition homes cost over $700k. We even stumbled into a couple of houses that were going for over $800k. Wow. amazing. I wonder how long is this housing market going to last? I'm curious....
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