Wednesday, May 16, 2007

Real Estate Bubble..... here is an example...

So I was checking out one of the blogs that I normally check out, which is where I got this info and picture from (Trader Tim) . He pointed out that Real Estate in the US is still out of control. I sort of assumed that when I heard models were competing for a spot on a house flipping show. Prices increase etc, but if you look at what our parents paid compared to what we will have to- it almost is bubble like.

Here is what this guy saw a few blocks away from his place

"It features no landscaping. 950 square feet of living spaces. And sixty year old plumbing. It can be yours for $2 million."


Um now that you have seen the picture- enough said!!!

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