Replies to post #391820 on Zeev's Turnips Patch-No Politics (ZEEV)

[EVO]

I agree Buzz, its getting quite crazy. We just moved into a new house in September 04 and out next door neighbor has his house on the market for 40% higher then what we paid for, and he just got his first offer slightly under his price...man its getting crazy, has to stop at some point or people won't be able to afford to pay for their homes as their wages wont be able to catch up with expense. It seems like soon owning a home in the U.S. will become only a luxury for the rich class...

[qwave]

I am in San Diego. Next door neighbor sold his house in 2 days. Priced 1.05-1.15M. He paid 665k 2.5 years ago. House across the street held open house today and had tons of traffic. This particular house as been on market for a while and was getting little traffic on previous weekends when open house was held. Tis the season for RE. Amazing how long this has gone on. Frenzy.

[gtober]

Interesting. I never considered the effect of the base closings, although I don't think it will have much affect nationwide. As well, a natural disaster like a quake would have an affect. You think it could actually prolong the bubble by spurring new demand, or would you think the BK's override that.

The hurricanes last year didn't change things in Florida.

[swampboots]

BUZZ tell me when to buy ,any neighboorhood in L.A. pretty please!!!!!