The housing market is pure bullshit. The concept of a house doubling in value in two years is silly. Don't tell me that they are "running out of land"; They are building tens of thousands of houses right up the street from me.
Meanwhile the value of my car dropped in value the moment I drove it off the lot. They built about ten thousand models of my car and they aren't building any more; My car should be going up. I know that dents and scratches lessen the value of my car, but.... Well, my house has more dents, nicks, scratches, and other problems than my three year old car does.
And what really blows me away is my in-law's house in Fontana, California, is worth $600k. It's a small shack in a nasty city....
|