To: ambrose
Those are frightening examples. Who the hell is dumb enough to buy those homes at those prices?
4 posted on
06/21/2005 9:48:02 AM PDT by
finnman69
(cum puella incedit minore medio corpore sub quo manifestus globus, inflammare animos)
To: finnman69
Speculators buy crap like that and then rent them out to tenants at a loss... so they can sell it to someone else in a year or two for a profit... and the process repeats itself over and over. That 330k Compton POS wouldn't rent out for more than $1200 a month,.. probably closer to $1000.
8 posted on
06/21/2005 9:50:45 AM PDT by
ambrose
(.)
To: finnman69
It's the land, not the house, that is so expensive.
11 posted on
06/21/2005 9:51:40 AM PDT by
TheDon
(The Democratic Party is the party of TREASON!)
To: finnman69
Frightening is a good word for it, I was shocked when I saw what $300,000 buys in CA. In my area that shack would sell for less than $30,000, if it sold at all.
16 posted on
06/21/2005 9:57:37 AM PDT by
softwarecreator
(Facts are to liberals as holy water is to vampires)
To: finnman69
112 posted on
06/21/2005 1:01:12 PM PDT by
GOP_1900AD
(Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)
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