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In Real Estate Fever, More Signs of Sickness
by flynn23 at 12:10 am EDT, Apr 17, 2005

] While the economists debate, the tight market is changing
] lives. Sharon McKee just bought a one-bedroom, one-bath
] condominium, without parking, in the Logan Circle
] neighborhood of the District. It was listed at $375,000,
] but McKee raised her offer to $412,000 to beat out
] several other bidders.

I-N-S-A-N-E

RE: In Real Estate Fever, More Signs of Sickness
by IconoclasT at 6:18 am EDT, Apr 17, 2005

flynn23 wrote:
] ] While the economists debate, the tight market is changing
] ] lives. Sharon McKee just bought a one-bedroom, one-bath
] ] condominium, without parking, in the Logan Circle
] ] neighborhood of the District. It was listed at $375,000,
] ] but McKee raised her offer to $412,000 to beat out
] ] several other bidders.
]
] I-N-S-A-N-E

And that's one of the disturbing new signs: Renting suddenly looks like a bargain.

The gap between the cost of renting and the cost of buying, which historically move in tandem, has widened considerably in the Washington area, especially over the past year. It is now the widest it has been since 1989, just before the last real estate crash, according to a study by Torto Wheaton Research in Boston.

Sounds like the Supply to Demand ratio is pretty F*d and a lot of ppl will ultimately lose their ass in real estate when the bubble bursts..