Wednesday, April 04, 2007

Real Estate Values as a Roller Coaster

Click on the title for a YouTube video posted at The Big Picture blog turning real estate values into a roller coaster using Roller Coaster Tycoon.

I am still not convinced that the Real Estate Bubble is as widespread as it is suggested. I am currently looking at buying a 850 square foot home with central heating and air, a garage, hardwood floors and a storm shelter (to dodge Oklahoma tornadoes) for about $55,000. My payments with taxes and insurance would be about $430 per month -- which is cheaper than what it would cost me to rent an apartment (and houses rent for about $600 in the same size). So I'm having a hard time understanding this housing bubble economy everywhere else.

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