You can't compare Ohio to California, it's two different demographics, locations and situations.NYC is seeing new high's for selling prices still... because there is little new land for more condos (supply) and people want to live in the city (demand) and have the means to pay for it (demographics)Demand and Supply.......... why do you think its cheaper to buy out in the middle of nowhere....then it is in a congested suberb right outside the city....Economics 101 In the end its a personal preference.. why anyone would pay $500k for a 2 bed house is the wrong question.. because its all relative to location,location,location Asking why anyone would pay 500K for a house in _________ (ie. detriot) would be a better question

Here's the situation that we're in. I

I was very dissapointed at first when some of the landscaping was not put in. I

I'm new to the site and will explain the dilemma/opportunity that I am in. I

I am looking for a REO house to live in. I

You need to do a personal guarantee on the loan, then move it in. I

The cost of servicing the loan (interest amount in an amoritized loan) lowers over time.And perhaps I was unclear, this is property that I already own, currently it is my primary residence, finaced 30 yrs at 6%, have maybe 15% equity in. I

Now the reason for that is because the area I live in I can't afford a condo that is similar to what I am currently renting for anything less than an additional $500 a month.

Victoria, you had me with lease purchase, an area I am interested in. I

But I don't want to short change myself on price, just to get someone in. I