I guess I better add my details:
I purchased a 2 bedroom/1 bath condo (1000 sqft.) about 8 months ago for 210K. I just had it reappraised at 300K. Its absolutely insane how quickly prices are jumping here in Cali. It feels good to get my foot in the door, but I definitely don't think I'm getting my money's worth, and I'm constantly afraid that the bottom will drop out of the market and I be left with a huge debt and nothing to show for it.
Thanks every one for your responses. This is very interesting stuff.
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