Golden Opportunity
MSNBC published a great article on the current housing situation for first time buyers in California today. Nothing shocking, but since working at Prudential, I have been curious to see a graphical curve of the median prices over the past 10 years, and now I have one.
I figure it's a great time to buy now if that curve continues, say to a median price of $1,000,000 in the next four years. If not then well... time to send the resume to Texas based 3D Realms?
I figure it's a great time to buy now if that curve continues, say to a median price of $1,000,000 in the next four years. If not then well... time to send the resume to Texas based 3D Realms?
posted by Robert at May 28, 2005
1 Comments:
I don't think the current housing prices will continue to rise at its current pace. It will reach a certain point where nobody can afford it and then you will start to see prices stabalize. Unfortunatly it will still be price prohibitive for first time buyers in southern California. The big trend right now is for for LA basin residents to move to the desert cities or to desert states, AZ, NV, TX, ect...
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