Wednesday, December 21, 2005

House prices are too high

It's getting difficult to sell homes in this market. Appears like prices are getting to be too high for buyers. Prices even in the rural south and midwest have increased by 100,000 over the past few years. This reminds me of the housing boom and bust in Japan about twenty years ago. People were locked into large loans for small houses. People will still spend money on improvements for their home to improve its market value.

8' Marble Columns - $1200
Marble Balusters - $25
Wrought Iron Gate - $2000

Available at http://www.geocities.com/malabarcoasttrade/

No comments: