Friday, 04 November 2005

House prices

House price inflation is only a real gain to dead people. Only when you drop down dead can you also get rid of the roof over your head. Otherwise, your gain is largely an illusion. You can't take advantage of it without sleeping under a bridge. That's not a realistic alternative in a cold northern country like Finland.
 
House prices in US have been reaching astronomical hights. The median house price in San Francisco has reached $726,900. Is this too high? How much should a house in San Francisco sell for? Real estate specialists are telling that that the typical resident of Northern California cannot afford to buy the typical house. Which makes me wonder who does buy them.

06:43 Posted in Lifestyle | Permalink | Comments (0) | Email this

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