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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (45266)	11/29/2005 9:11:54 PM
From: KM	Read Replies (1) \| Respond to of 306849

I've seen those built. They are junk. You can buy a place like that in an equivalent exurb of Dallas, Austin or San Antonio. Those places are so far away from downtown that you would be looking at 2 plus hours on the road for commuting every day, in horrendous traffic. Additionally, they are built on flat tracts of former farmland with no scenic advantages whatsoever. I would have "Final Exit" on my bedside table if I had to live in one of those.

To: Think4Yourself who wrote (45266)	11/30/2005 2:19:36 AM
From: John Vosilla	Respond to of 306849

"This could still be a piece of crap and I am wondering why a 2700+ square foot home, with Central AC and a fireplace, would be selling for $150K anywhere in the US." That in itself is amazing considering you can't build for less than what $80-90 psf now before adding land and it's related costs for a 2 story? Even more incredible they even have a ton of 1k sf 2 bedrooms condos priced in the teens. This with a booming job market, high population growth and one of the top three metro areas for new home starts in the country.