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Housing madness continues

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  • Housing madness continues

    I gotta think that the housing price boom will eventually bust. Last year the soothsayers said it would be burst by now, but in reality home prices jumped 23%. Currently, in my county the median selling price for all homes (including condos) is $526,510 with single family homes in my city being $1.18 million. At this rate I won't need a 401k. Some day this must end as my children won't be able to purchase a home before they're 40! But I don't see a quick end in site unless interest rates rise dramatically. Ref: http://www.latimes.com/news/local/la...nes-california chuck Opinions expressed are not necessarily those of my employer.

  • #2
    Housing madness continues

    A lot of games being played to push everything into the future. When the future arrives, watch out! Or does the future ever arrive? rd

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    • #3
      Housing madness continues

      The future is always more interesting then the present. chuck Opinions expressed are not necessarily those of my employer. "Ralph Daugherty" wrote in message news:6b17194c.0@WebX.WawyahGHajS... > A lot of games being played to push everything into the future. When the future arrives, watch out! > > Or does the future ever arrive? > > rd

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