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Orthofrancis
2 Comments
Home Prices Down 15% [view article]
Prices need to fall to the typically sustainable ratio of about 2.6-3.0 time the average salary, or 100 times rent. In California, the average household salary is 48k, so an average house should cost 150K, and not 450K. These averages have been shown to be accurate since the 1900s. We've just been in a tulip/house buying bubble frenzy. Mar 28 05:32 AMHow Counter-Productive Is Realtor Association Spin? [view article]
Someone said asking a realtor whether it's the right time to buy, is like the antelope asking the crocodile if it's the right time to cross the river.Another one of my friends has started calling them
"Used home salesman"
My wife and I went to 5 different ones during the last year, and all said now was a good time to buy. LOL Mar 27 09:44 AM