How broke are you?

[lewdog]

Originally Posted by eDave

My best friend does very well in real estate out here. His most recent deal to go under contract the other day was for one guy, two houses, over $1m each, cash, and was simply able to outbid other suiters. Chicago guy who will be snowbirding.

This boom is a supply and demand issue that is likely to linger until new home starts get going again, when lumber costs come back down.

Phoenix inventory sucks right now for anything less than $500K. Probably betting in Lewdog's area since nobody wants to live out there.

Living in the ghetto ain’t glamorous but it sure is cheap!