“Maybe the economy really is recovering, if people have this kind of money to blow. “
We’ll wait to see how many sold. What it really indicates it the value of the dollar has declined. In my rural neighborhood an older three bedroom doublewide now rents for $800/month, up from $500/month just five years ago.
I know that’s not a direct comparison but it’s another you-gotta-be-kidding moment for me. In town a 3/2 house rents for $2,000/month. The electric bill is $500/month. Damn!
I don't even know what rents are in my neighborhood.