I have been searching the home prices of places that are located in this historic district here in Phoenix. These homes, for the most part, used to sell at over $500,000 a few years ago. Now, some of them are selling just above $200,000. A lot of hard work has been put into some of these places. Lots of nice upgrades, plumbing completely redone, electrical totally replaced, etc. As I sit and wonder if I can afford to buy one of these places (sadly, I don’t think I can) I seem to forget that someone is probably losing their shirt in the deal. I don’t quite know how to feel about that. Anyway, I won’t be moving any time soon, unless I win the lottery or someone decides to come and rent my place from me at a price that is higher than they could rent a larger apartment nearby.

Anyone reading my blog in the position to purchase a house in this wonderful buyers market?