There's a guy at our church whose wife is a real estate agent. My dad overheard someone asking him the other night where his wife was and he said, "Probably out selling a $200,000 house for $700,000."
I've been checking out homes for sale in my area lately. And laughing. Because, you've got to be kidding me! There's not even a decent CONDO in this area, let alone a house, for less than half a million. Here's an example: a home for sale, 2 bed, 2 bath, 1200 square feet: $579,000. That's the size of our apartment. And my calculator tells me that it would be a monthly payment of $3200. If we put $60,000 down. How are we ever supposed to buy a house? Our apartment complex is full of doctors and lawyers (Nathan being one of them). If they can't afford houses, who can? Who are these people that are buying the houses in Covington Heights? The houses I've priced up there are going for 2.2 million. It's all location. The houses I see here selling for $600,000 would sell in Oregon for $125,000 or less. And they'd have a 5 acre lot, not 3,000 square feet. Something's gotta give around here soon, right? My friend's dad just bought 35 acres with a big house and a lake in Alabama. For $300,000. I think we're gonna pack up and move there.
The Yorba Linda city council has plans (that are being violently opposed) to tear down Old Town and build a "New Old Town." Part of their plan includes putting in some low income housing. With any luck, we'll qualify!