Lets just say this... I was looking at a house on the border of PA and NJ (by the Del Water Gap on RT 80)... built in 1999, 3 bedrooms, 2 1/2 bathrooms, 2 car garage (a must), living room, family room, dining room, den, fireplace, basement ... basically, it was around 2,300 sq. feet that sat on 2.5 acres for $309,000 ... a house like that in my area would seriously top out around $840,000
The housing market is insane ... and im afraid that if I do buy a house for a certain price, the housing market will drop and im outta money.
Another story... my parents bought our house in 1989 for $155,000... its an old house, 2 stories with a functional basement, about 1900 square feet, 2-lot-property sitting on around .90 acres. They just had the house apraised at $430,000 !!!!