Fat Arby

Dick Bove Says Banking Is Sound - Time to Buy Financials?

recession hasn't started. just warming up . smile

Is Wells Fargo's Latest Memo a Sign Real Estate is Bottoming?

when i see the diy network and TLC and all that, and I see these flippers going in and renovating and then asking an arm and a leg, I think to myself, how did we get to this point?

I suppose that since a house is , like, the most expensive thing on earth due to the staggering amount of commodities and goods inside of it, including copper, silver, etc etc, it's bound to be very expensive.

However, certain locations are pure *excrement*, xcuse the expression, and even then prices are outrageous.
Labor, interest rates, and location all determine a house's value.
It's a strange world, that's for sure, but I just hope that at some point we get some kick-ass regulation which will stop speculators from pushing prices to the sky and honest , hard-working people who deserve a good place to raise their kids don't have to be stuck next to a freeway or in a crime-infested area.
It's also obvious that there's a lot of corruption in the contracting arena. These little things need to be much more carefully regulated so that a house doesn't end up costing zillions and zillions of dollars. Ever heard of the MILLION DOLLAR RV? C'mon, how insane IS that?