Nor, I paid a little less than that but it’s ballpark, I’m not moving for at least a decade but you are more than welcome to move into the neighbors house on either side, I think the end is near for both. I need some cool, backyard happy hour type neighbors before summer.
Nostra, one demographic I haven’t seen or met is the get rich folks, the water cooler talk up here no longer contains the word “profit.” People are buying shelter not investments, the reality is they are setting themsleves up for a profit down the line but nobody realizes it. Most people and the media are two years behind reality, in 2006 they thought they’d make a killing and in 2009 they are certain they will lose money. I haven’t seen many investors at all, rarely does a place sell and then go up for rent, I think those folks were flushed out of the market and jumped in in 2007 for the most part. I’m going to wait 6 months to a year to see how my household economics shake out in the new pad and get all the projects done, then I’m going to start collecting rentals in the sub 100x rent multiplier range. It is neither a crap shoot or roulette, it’s card counting at this point, some study and planning and you can take a slight advantage.
