Originally Posted by drizzt3117
Heh, buying Orange County real estate right now is a dangerous proposition. I'm getting ready to unload at the moment, although with the recent Fed comments the housing market might last a bit longer yet even at the incredible bubble prices.
Then you could move to Dallas!!
We never had the big RE bubble that some parts of the country had, but there are areas - land in particular - that are growing at 30%/yr. Then again, I just read an article in Town & Country, I think, about how the "new Tuscany" for 2nd homes is across the Adriatic in Croatia, Montenegro, etc. Coastal properties are allegedly double in price every year or two. Then again, you have to wait 5 year to sell them if you want to avoid capital gains tax.
Maybe you should just go ahead and buy the watch!