dsgrue3 on 03 April 2013
Like wfz said, it's about location more than anything.
You can pull a mansion for $1.5 million in the woods or a shanty on the beach.
An NYC 600 sq ft apartment for $900 a month or 20 miles outside the city for $300.
I will say that prices in the US fell drastically when the bubble burst in the real estate market. Is the UK heading for a similar collapse?
