David Pitlyuk

Real estate over the past 7 years has gotten absolutely crazy. While it has come down some, it still seems as if prices are still at ridiculous prices. A condo should not cost well over $300,000! Richard Hodge from SpeculativeBubble.com created a rollercoaster simulation based on percentages of pricing that US housing has gone up or down since 1890. It’s an excellent simulation, but the chart after the video really shows how drastic this pricing has been. It makes you think that prices have to come down…and come down hard.  Whatever goes up, must come down, right?  How have prices been in your area?

Here is the chart that shows the actual pricing:

This past weekend I did a little house hunting just to see what I can get out there for the money that I can spend. Unfortunately this area is a very expensive one to live in, so a decent amount of money doesn’t really take you very far. I’ll have a post later on this week with the couple of houses I was looking at. While I was driving home, I happened to see a couple huge houses, and decided to look around the area to see what else I could find. Here’s a little gallery of what I found (these are all in the South Riding/Chantilly and Clifton, VA area, which makes the houses a lot more expensive than something you would find in a more rural location):

Gorgeous style house, and I love the deck over the garage! With a Mercedes, Lincoln Navigator, and a FJ Cruiser sitting outside, it makes you wonder what is in the garage.

This house has a 5-car garage! I didn’t get a good picture of it, but you can see the 2 car garage. There is also a 3-car garage attached to the left side of the house.

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