> Ken Thomas Wrote:
> -------------------------------------------------------
> House hunting here is really stupid right now (I've been looking for
> over a month) after I finally paid off my car and get a pre-approval
> letter to take this serious. I've made one offer which was outbid by
> $25k with 100% cash. People are ditching California and trying to get
> the most out of their homes or people are relocating from the overpriced
> Bay now making Sacramento overpriced. Desirable houses are selling in
> 1-2 days. Found a house I liked late Friday but couldn't look at it
> until Sunday...they already accepted an offer $35k over asking. So right
> now I'm just adding to my savings and hoping this is another bubble
> that's about to pop.
It's like that in Columbus too, it's absurd. Houses that sold for $100k in 2010 are being listed for $400k and then selling for $450k within a day. It doesn't make sense considering the pending economic doom we're going to see in the next few months