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


To: KM who wrote (46149)12/27/2005 11:15:18 AM
From: bentwayRespond to of 306849
 
"houses in her town have gone from average 20-30K to over 100K this year. Who is buying or affording them, I have no idea."

I'm sure the people buying them are doing it the same way the folks in San Diego, where the median income is 36k/yr, are buying the RE there, with flaky mortgages that let folks buy in cheaply and pay dearly later. It seems to be a trend in America today to just decide to let the future take care of itself, in so many areas.