http://biz.yahoo.com/brn/070208/21029.html?.v=1&.pf=real-estate
Why the blog entry? It amused me to see a MSM article on cashing out and moving
Why? Because I know HUNDREDS of southern California aerospace engineers who need to do this in order to retire at a reasonable level.
Think they'll turn down a transfer to an area where $500k buys a mansion and $400k buys the McMansion on 3/4 acre bordering a forest? Ok, some will. A lot won't.
Interesting times.
Oh, the stock market was interesting today. But still no 2% decline in... forever.
Got popcorn?
Neil
2 comments:
A little correction:
A massive house -- IMHO 5000sf+ -- on 3/4 acres is a true mansion. McMansions are fairly large houses (3000sf+) on tiny lots.
BTW, you check the prices on PMs lately??
TJ,
All the local definition. :)
I'm shocked at what the MBS market did this week (including today, this is being typed on Friday). Ghad!
Happening fast. Joe Sixpack will know about this soon...
Got popcorn?
Neil
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