Quote:
Originally Posted by ken0042
No, you are wrong. From his post:
I don't know where to start with this- you say don't quote you on it, meaning you don't know what you are talking about. Assuming it was just 600 square feet (not sure where that came from)- then yes; I have seen those go for $1500 and up 18 months ago. And I have also seen those units go for closer to $900 at that time. Basically we don't know what kind of place he has.
Keep that in mind, we are talking about 18 months ago. Twice as long ago as the December date you came up with.
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I was thinking of Oilers_Fan not Robbob and a price of 260K (at the peak) came up so that's where the 600 s came from. That's what that bought you then. And I don't know how much rents were, but I know a person who is renting a place for 900 and that would be comparable to what 260K got you then.
Either way, you can keep rationalizing it till we're blue in the face, but you're not going to convince me that anyone who bought their first home in the last 2 years is in a good situation. Quite the opposite.