Looking back, isn’t it bizarre people bought 1450 sq ft homes like this for close to 600 grand, expecting them to just keep going up in value? Six-hundred grand for a 3 bedroom SFH in a so-so neighborhood!; it really shows the level of insanity and speculation. But I guess it can be understood in the frenzy of hoards of sheep (buyers) all running in the same direction and believing prices will just keep going up and UP.
I remember when our 3 BR/2BTH, no garage, 1200 sq ft condo in a so-so part of RB went over four-hundred grand on price. I saw it was insanity. That condo was an apartment convert and such a POS. That valuation had completely lost touch with reality.
