Why the NAR is Useless
Thanks to our friends at Housingpanic for alerting us to this gem.
I actually went to a couple of open houses this weekend. Upon explaining to the agents that one could rent an equivalent home for about $2600 a month, they tried to justify the $700k prices by saying, "but you'll be building equity..."
I thought my wife was going to lay that woman out with a haymaker right there.