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Real Estate
Reply to "Housing prices have gone insane"
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[quote=Anonymous]Definitely high when you look at the comps. it's funny how 1m is such a big threshold for us to deal with mentally though. Not a criticism -- I do it, too. I look at this house and think "Whoa that's not worth one million!" But then I look at the comps and there are definitely similar houses, similar age, similar condition, listed for around 900k, or even higher. And I don't have the same reaction. It's almost a childlike response. I see 900k and think "Hmm, pricy but I'm not super surprised." I see one million and think "Uh, shouldn't this be a mansion? One million dollars? Where's the pool?" I mean I know that's just what real estate costs now, but there's a 10 year old inside of me that thinks one million dollars is an impossible amount of money.[/quote]
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