Quote:
Originally Posted by buttafli
Geez...that sounds like Atlanta. In the past year I have seen so man license plates from California, Alabama, Louisiana, Arizonia, Mississippi, etc.... How is the housing market up there? It's sinking here. Georgia has one of the highest foreclosure rates in the nation.
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For now its booming....hence the problems regular people like me are having. The average purchase price of a single family home is about $450,000. 3 years ago that same house would have sold for about $180,000. The average rental rate of that house right now is $1500-$1800/month. Its forcing people to live with other people because no one (except the rich oil and construction people) can afford it.