Monday, November 30, 2009

Yes Virginia, There is a Housing Bubble


Condo lineups return

Yes Virginia, There is a Housing Bubble

Total madness. People lining up to buy a small box in the sky on a busy street next to a polluted waterway. Awesome!! Sign me up!
Reminder - the interest only payments on $500,000 are $1350 / month at today's 3.25% or nearly $2,200 / month at 5.25%.

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