Sunday, May 27, 2007

For Sale

This is my street. I'm feeling kind of left out. Maybe I should put up a "for sale" sign.

Oh wait, I rent!


Let me explain. These poor bastards paid somewhere around $400k for these 1600-2100 sqft boxes. Boxes that rent for about $1400. The basic rule-of-thumb, in a non-bubble market, is rent times 150. That's about $200,000. They're hosed.

1 comment:

Paula said...

People should read this.

Every now and then when your life gets complicated and the weasels start closing in, the only cure is to load up on heinous chemicals and then drive like a bastard from Hollywood to Las Vegas ... with the music at top volume and at least a pint of ether.

-Hunter S. Thompson

Dedicated to the other side of Las Vegas, namely; the sprawling, mad, incoherent underpinnings of the world's favorite destination.

That, and the occasional ranting about nothing in particular.