Bob Ackley wrote in a message to Cindy Haglund:

 BA> Replying to a message of Cindy Haglund to Roy Witt:

 CH> When we had house hunted in the eastern VA area (where values are
 CH> highly inflated due to the proximity of DC)- we were shocked that a
 CH> 'starter' home started at 200K! That's crazy.

 BA> When I visited my sister in CA in 1987 I went browsing through the
 BA> newspaper ads looking at house prices.  One could purchase a two
 BA> bedroom fixer-upper in Walnut Creek, CA, for a measly $96,000 back
 BA> then - 21 years ago... 

A 2000 sq ft, previously flooded (but repaired) Katrina home in the suburbs
of New Orleans, averages $250K right now. The whole market is whacked!
Also, that's without redoing the slab which is sinking and cracking, I'm
sure. 

Regards,

 Joe 
--- timEd/386 1.10.y2k+