Quote:
Originally Posted by Earthling
Just to compare, I just sold a half acre lot for 45K. (Western Colorado) It is admittedly in a very nice area and would have gotten at least 65k not that many years back.
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The prices of 2006-7 are never coming back.
They were inflated by the demand of people who shouldn't have been given a loan in the first place because they can't afford the house. People making $40K - $50K in household income buying $300K houses with 3% - 5% down is a recipe for a bubble that did burst.