[TheSpecialist]

funny I was working in a neighborhood that was just being developed last week. I asked the builder how much the houses were going for, he says 675 is the average. I said who the heck can afford them, he says most of his buyers are young people who are getting interest only mortgages, and betting that in 5 years the houses will appreaciate enough for them to sell and make a profit. That's a big gamble in todays RE market.