02-20-2009, 05:11 PM
Roger, when my father retired from the Army in 1969 they bought a new house near Escondido for $34,500. They sold it in 1997 for $200,000. It sold a couple of times more after that, the latest in 2005 for $700,698. It is a four bedroom rancher on a third of an acre in a nice neighborhood. There was no extensive renovation done--just paint and new appliances as they broke down.
The prices NEED to go down. They were ridiculous, out of control. People can't afford to house themselves at that level.
The prices NEED to go down. They were ridiculous, out of control. People can't afford to house themselves at that level.