Originally Posted by Greg B

Oh I know. California is ridiculous. NY City too. Even Brooklyn is crazy. I don't know how people are getting by.

The story focused primarily on speculators and people rushing to become real estate brokers. It's an epidemic. Peopel looking for a fast buck.

As long as people are stupid, real estate will be a moneymaker. If you do it 24/7 and have some rehab skills it still is the fastest way to becoming a millionaire in a year there is.

The story also focused on how Real Estate beats stocks hands down. Expect RE to continue to beat stocks. Makes alot of sense though except it's getting to the point where the only way for someone to afford these high prices are the 30-40 fixed.

Gad, this shit is making me rethink my need to be greedy.