Posted by sans on June 20, 2005 at 22:38:27:
I guess in Pennslyvania there is no housing bubble given the stuff I just saw on HUD’s website. $7,800 for a 2/1. Now that piece of crap would sell for $450,000 in Anahiem California and $595,000 in San Clement.
So Hmmm. How do I answer your question.
OK… I know…There is no bubble in PA, Arkansa, Oklahoma, or any other farm town flat square state.
I get it now. It’s in So Cal. where you can rent for a $1500 loss after tax benafits, PITI and reserves on a 2 bedroom starter condo. (and apparantly in Las Vegas given the recent posts)
I get it. I feel better now. I see the big picture. I will defer to my seclusion now.