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Old 11-17-2005   #11
JET
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Join Date: Oct 2003
Location: Ham Lake
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Re: Is the housing boom over?

A lot in the cities is usually $85k+ for a 1/4 acre. We are also the most spread out metro area over 1mil people (population density), so they shouldn't be all that high, but they are. You can make a killing if you time it right. I just talked to a customer that bought a house in St. Michael 3.5 years ago. It appraised now at almost THREE TIMES what she paid for it! They put 4 housing developments around her. Timing and location are key.
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