Michael wrote:
> kd***ton@[EMAIL PROTECTED]
wrote:
> > On Tue, 17 Oct 2006 04:32:25 GMT, kd***ton@[EMAIL PROTECTED]
wrote:
> >
> > >On 14 Oct 2006 22:12:53 -0700, "Michael" <spoonermichael@[EMAIL PROTECTED]
>
> > >wrote:
> > >
> > >>Did someone call my name?
> > >>
> > >>
> > >>Just a bit ago?
> > >>
> > >>Michael
> > >
> > >
> >
> > Oh, I should add, the reason why I was looking in the CA MLS was out
> > of curiosity; I was aghast at how prices have gone up since we left.
> > Eegads! The house my mom sold to come here is in the $600,000 range
> > now. She sold it for $250,000 in '99. Our little one bedroom condo in
> > Fullerton that we bought for $78,000 is now $300,000. I don't look at
> > it as a good thing- how can it be? How can young couples start out
> > paying $3,000-$6,000 a month? We could turn into a nation of
> > millionaires, none the better for it with no place to go. Scary- well,
> > then I started searching farther away from LA and I saw Campo.
> >
> > KS
>
> Yup, CA real estate is nuts indeed I too feel it's a pretty lousy deal
> for young people starting out who are doomed to renting because of the
> high cost of owning property. Of course back country property is
> generally cheaper, but still no bargain and the cost of fuel being what
> it is that's a tough go as well.
The UK press has run several re****ts about how the US real estate
business is cra****ng and burning, house prices plummeting etc.
Presumably this is just newspaper hype?
Such a house price crash in the UK would certainly the only way my
children would be able to afford to buy property!
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