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well dialtone, where I live most houses are going for 500k plus. That is for a regular 3 bedroom house on 3/4 acre... Long Island sucks, and I guess because the houses are so expensive, the gas should be too right?
Wow, that's a spendy house. I say that because our house would probably sell for $25,000...that's a $475,000 difference!
Housing prices are pretty amazing in many parts of the country - my house in Kentucky (3 bdr, 2 bath, detached garage, screened deck, on 1/2 acre) which I bought 3 years ago for $125k would easily bring $300k in the Baltimore/DC area.
Some places (usually offering high income jobs) fetch ridiculous housing prices...luckily gasoline is not always in line with that. Right now, here near Baltimore, the least costly regular unleaded gas I've seen today is $2.13/gal which is comparable to back home in Ky.
Five years ago housing and land was cheap in this county. Now its gone sky-high. A friend just bought a little dump of a place, an old run down single-wide mobile home with a funky studio/shed out back, on a small, steep lot for $129,000. This place would have sold for about $45,000 5 years ago. A new housing developement just outside Lakeport just sold 36 1-acre lots for $100,000 to $130,000. 7 years ago my family bought a 700 acre ranch for $400,000, it's probably worth more than twice that now (they sold it after only having it about 2 1/2 years, when prices were just starting to go up here). The county planners want to make this a hoity-toity vacation community and the Bay Area is bringing a lot of bucks here, so I guess the gas prices reflect what they want it to be, instead of what us locals can actually afford. Funny, wages still suck around here, though. -TD
You know they've got us when we start thinking it's a GREAT thing to be able to pay JUST $1.86 for a gallon of gas. Unfortunately, I'm there! I WISH it were that CHEAP in my area!
Scott
Haha (I only laugh from insanity because gas has run me so broke)
I told several people last fall they would be begging for $1.75/gallon prices real soon. They laughed it off saying they would not be happy with anything more than a buck-fifty. They were wrong, people in general have a short memory. I heard them describing $1.75 as "cheap" by the end of the year. Same thing this time, around here it reached nearly $2.30 on average and I told them you will describe the next fall to 2 bucks as being cheap. It will keep going, a jump to $2.50 and a fall to $2.25, then to $2.75 and a fall to $2.50...and on and on.
The oil companies have gotten a taste for blood, and they like it. They know we all will give it up to them as long as we have any to give. The Exxon-Mob made a profit at the rate of $1000 a minute in the Q1, why would they not want $2000 a minute? This is not about getting people to conserve, it's about making them pay what they think has long been owed to them.
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