DBrown wrote: those high prices are bad all around unless you are rich...if prices continue to go to that level it is going to lock out young people from being able to afford housing all together. some places are already starting to feel that.
Yes the high prices are bad, me and my wife drove around yesterday and looked to see what was for sale in an area we would like to move to, not high end by any means just a bit more "out of town" but still close and convenient. We looked by following the signs and found a range of a 2006sq foot rambler (not a high end home just a typical mid 90's construction) on five acres for $589,000 to the $1,200,000 house three miles away. It looks like if we want to move there it's around $800,000 for anything we would want to move to :jawdrop:
Ranger 5.o, needing another project like Rosie O'Donnell needs another M&M.