When your kids are too big an noisy for your apartment, but the housing market's gone bubbly, you must ride it out. Or so it's looking. Some friends live in a house up the street that they bought for $150,000 in the 90's. Across the street, a house just sold for $2,000,000. Also on our street, a dilapidated two-unit rental building was listed for $640,000 (who knows what it sold for). Knowing what the rental income is for the units, I can't figure out how the buyer expects it to pay!
Something tells me this isn't the time to buy.