I have not seen many topics covering public transportation and urban development and their effect on real estate value....

.`(3) REPORT- Not later than the expiration of the 60-day period beginning on the date of the enactment of this section, the Board shall submit a report regarding the results of the study conducted under this subsection to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

We are clearly a debt society and the perceptions we have about the Jones' may not be reality.

Is our society following capitalism?

California Housing and Urban Development - then search for Cali... it will guide you through the procedure.

But, since I don't think a depression will happen and our society is not about to break down, I am still buying properties not disposing of them and keeping my cash securely in banks and brokerages.Anyone chanting the end of our financial system is near while still holding an asset like real estate or stocks is just blowing smoke.

Go ahead and yell again but that's where our credit laced society is heading.

Its an urban area.

Its gas and electric all seperate.It sits on about 500o sq ft lot in a Urban neighborhood.Its assessed at 298,000.

I think I'd have to go into the economically depressed urban areas around here to find properties like that... which would violate the safe for wife and daughter rule.