[quote=nervous buyer]Just curious what you all think of this home at this price. I am perplexed at the asking price. If this is the trajectory we are at now I don’t see how we aren’t in another bubble.
This home and price alone makes me want to sit on the fence a few more years. We will see. Thoughts?[/quote]
Kinda depends upon what stage of economic life one is at to value the property:
IF you’re young, price out of “N.C.” and “east lake” perhaps grown tired of renting (and want to start building a family/nest egg of your own), perhaps seeing your saving yielding nothing to noting in a bank, THEN the link you posted might be a good place to start to take a stand….
IF you’re a student of history, looking at how average wages have not kept the same buying power (for housing specifically), THEN this piece of property is an overpriced POS (piece of $hit)
In general no matter how I look at the problem its a difficult time to start to take a stand because of historical “economic and otherwise” mis-management
Coupled with social policies that don’t acknowledge there are limits to the system (i.e. water, energy, etc.) coupled with un-realsistic human expectations is (in the long term) a recipe for disaster (the only unknown(s) is when is there going to be a retreat, its magnitude, and does one have the necessary skill set/resources in place to survive such an event…
