re: #30 b_sharp

It’s the trend that’s important, not necessarily the number.

Ten years ago the average home price was less than $80,000 and we had only a few $1,000,000 homes. Very few. Now the average price is $350,000 and we have thousands of homes over $1,000,000.

However, it was the booming economy that brought the speculators who caused the prices to jump, followed by the thousands of people moving into the province.

Even up here in this BR community of Charlotte, you can’t find a new home that’s worth a crap for less than $250K; the developers built for the bank crowd that was moving into this lake area. All the hoi polloi live in much older, smaller homes or trailers.

There are lots of properties on the lake that sell for multi-millions. Some very wealthy people who have second or vacation homes, even corporate housing. Really funny story, though: There is a guy who has a prime spot on a jut on the main channel with the best view on the lake and it’s an older trailer—he keeps the property up, though, along with his flagpole. The land alone is probably worth $1M.