What are they thinking?

I just have to laugh. A few weeks ago while reading the Sunday paper I saw an ad for a new development that is being built not too far away from us. Now mind you, the housing market in this area has tanked. We have a relatively new home (built in 2004) that we kept lowering the price on and were unable to sell. I thought we were reasonable, and by looking at some of the home prices on our street, I still think we were “in the zone.” So anyway, I was really curious about the new development and what the homes would cost. Apparently they start at… $799,000! Yeah, right. Good luck finding mortgage lenders in this day and age who are going to loan out that kind of money (I don’t think these are mansions or anything). We’ll see if the price goes down at all. I kind of have to imagine it will.

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