DeputyDan
Contributor
The housing market is just crazy.
Greenspan has said as much and he intends to bump up interest rates 2 to 3% over the next couple of years to try to slow the increase some.
And its true all over. I purchased a home in Arizona in 2001 for $400,000. Even though its not for sale the broker I used at the time called in July to let me know that they had a buyer would would give me $950,000 for the house as is.
Thats just nuts. If it goes to seven digits its sold !!!!!
Greenspan has said as much and he intends to bump up interest rates 2 to 3% over the next couple of years to try to slow the increase some.
And its true all over. I purchased a home in Arizona in 2001 for $400,000. Even though its not for sale the broker I used at the time called in July to let me know that they had a buyer would would give me $950,000 for the house as is.
Thats just nuts. If it goes to seven digits its sold !!!!!