I guess we’ll just have to disagree on that. I look at 3721 Mississippi that just sold on 05/07/2010 for 450k, PPSF: $409 and it’s units, so you get rental income to pay for the mortgage and they’re squared away in good condition and it’s not sitting on the corner of a BUSY street near a gas station.
Call me crazy, but 600k for Texas is something I would not consider for a second. But I’m no expert. Maybe living on University in 92104 is coveted and just not by me.
Edit: And I can see paying 495k, PPSF: $476 for 3727 Granada b/c, well, it’s Granada, a good street closer to the park, not University near a gas station
