money.cnn.com— For the past five years, the housing bulls have been trotting out one rational-sounding argument after another to explain why the boom made perfect economic sense.
Aug 27, 2006View in Crawl 4
People outside of Californai have NO idea how bad things are. For example, my 800 sq. ft apartment in Losa Angeles costs approximately $1300 a month to rent. If I were to buy the same apartment and mortage it, my payments for the EXACT SAME PLACE would increase 2-3 times. It's crazy as hell. For what we pay for a s**tbox in the middle of the city, we could have a home in most other cities. GRRRRR.
dankolearyAug 28, 2006
People outside of Californai have NO idea how bad things are. For example, my 800 sq. ft apartment in Losa Angeles costs approximately $1300 a month to rent. If I were to buy the same apartment and mortage it, my payments for the EXACT SAME PLACE would increase 2-3 times. It's crazy as hell. For what we pay for a s**tbox in the middle of the city, we could have a home in most other cities. GRRRRR.