For me the key point is its sale in 2000 at 183K – nearly eight years from the bottom of the last cycle. And it’s square footage of under 700 sq. ft. And its sub-par condition. And the bare rafters in the tiny tiny living room… and the fact that the average income in Normal Heights is around 35K… I could go on, but it basically comes down to the fact that pricing seems completely detached from reality.
Oh, but I do have to say it was nice handing over that info sheet in the realtors’ mid–sentence and walking out.
