Quote:
Originally Posted by SilverBulletZ06
Not to hijack the thread:
Tom, not to disagree, but I'm not seeing that at all in the homes I'm looking at. I'm finding homes that were built in 1999-2004ish trying to be sold for double almost triple their original home costs. Many of the homes I'm seeing have painted cabinets and veneer countertops with orginal bathrooms. (Manorville, colonial/victorians on .5 or more)
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Housing prices should be around the late 2003 level. If not, then they are overpriced. 2005-2007 with the peak in 2006 are the prime years of the housing bubble. I still see many houses at unrealistic prices and I wouldn't come near those because they are surely a losing deal. I've seen several around my neighborhood built in 2000 and now they are trying to sell them for more than double of the 2000 level. One of them got picked by someone and the others have been sitting on the market for almost 200 days.
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