Prices are really jumping because of the shortage of homes available and the big hedge fund dummies buying up everything. However, i am concerned. This is not a natural progression. Usually prices increase when income increases. This is not why prices are increasing. Income has not increased in Ca and the job market still stinks.
Wow- 6% increase in 2011 and 10% expected over the next 2 years. It makes a landlord’s mouth water. Because of rising jobs, more people having to rent, and little construction, the rental …Continue reading