Thread: House.com Bubble?

The stories I have been reading lately remind me greatly of the stories from 2000 "Why own dividend stocks", "Why own value stocks" and "Retire in 5 years purchase, dot.com stocks".

Why only have one house?

The best line (only 33%). I do not believe housing prices are suppose to go up that fast. Because that far outpaces income increases. But call me crazy. Double digit housing prices returns???

In the 14 counties where at least 10 percent of all single-family homes are seasonal, the median price appreciation was 59 percent between the end of 2001 and 2004. In counties where seasonal homes represented less than 10 percent of housing, meanwhile, the median appreciation was only 33 percent during that period.

http://money.cnn.com/2005/03/01/real...omes/index.htm