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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jay who wrote (46472)1/2/2006 8:27:45 AM
From: KMRead Replies (2) of 306849
 
I lived in both places but unfortunately, much longer in Dallas.

Sorry, but I think Dallas is the armpit of the Southwest. Oh, and you don't have to buy a house in Southern California to live there. As noted many times here, you can rent a great place for far less than you'd pay to buy it.

There is no comparison when you start thinking about things to do. In Dallas there are two two things to do. No, three

Work
Find ways to piss your money away in stores
Sit in front of the TV

And despite the fact it's so "undervalued," Dallas has record high foreclosures and bankruptcies. This, at a time when interest rates are low and the economy is supposedly good and getting better. What's going to happen when things really turn down?
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