Ray,Sounds like a decent deal when lokeod at as a snapshot in time. But that's far from a guarantee that the value won't fall further (instead of rise) in the coming years. The past value prior to the bubble peak is, I would think, one of the best indicators of the future value once any residual effects of the bubble have dissipated. Figuring from that point forward at a historic appreciation rate would possibly yield an even lower value than what you have paid. I cannot help but think that an area such as this was more susceptible to investment driven purchases than many other areas. It is after all not a prime destination for those still in the job market. Rate this comment: 0 0

by Ebio 03:57:24 AM 2012.12.09