Tuesday, March 31, 2009

City Living

My observation of the Philly housing market is that yes, some people bought for absurd prices, and more than that plenty of flippers thought they might be able to charge absurd prices, but in center city and nearby at least prices have been relatively stable.

For those wishing to choose a bias, it's not "my house is worth what I paid for it!!!" but rather "people love living in an urban hellhole."

DC too.