Re: Real Estate Prices with excess supply
Newport Beach $40K houses from the early 70's are now about $2 Mil
(when I came to Calif in '73 the houses were about the same prices as those in the Chicago burbs - five years later they were 10 times higher!)
http://www.ziprealty.com/buy_a_home/...&cKey=rzhrhw69
Houses in Fla in 2003, 2004 and 2005 were going up at a rate of nearly 50% per year - that's why we bought in early 2004 even tho we aren't going to use it much until 2009.
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Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
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