Housing insanity.

Kim's parents were in town the past few days. They've considered moving to Richmond the past few years, but the massive price bump Richmond-area homes have taken in the past 18 months -- our house's worth is up at least 25 percent in that time -- led them to go over to Fredericksburg, Va., a town about halfway between Richmond and D.C. with a metro population about twice the size of Ames (just over 100,000). Not unreasonably, they assumed that it would be less expensive to live there than in Richmond.

They were wrong. If we were to put our current house on a trailer and move it to a decent part of the Fredericksburg area, it would apparently be worth somewhere in the neighborhood of $700,000. Not even D.C. metro (which I've known for years that it's obscenely priced): freakin' Fredericksburg. Someone please explain.

On the other hand, if we were to move to Omaha -- a nice enough city, even if it is in 'Husker Territory -- we could sell our house in Richmond and, for slightly less than we'd probably make off it, get a two-year old house with 5400 finished square feet, among other obscenely large choices (a 1997 with 4500 sq. feet on a half-acre, numerous newish others above 4000, etc.). Or if we were to move to Overland Park, Kansas -- a nice suburb of Kansas City -- we could get a 4800 s.f., newish-looking (they don't have years) home. Or if we were to move to Iowa Falls...um, well, we could get a house with an 80-acre farm.

What I am saying is that housing prices do not make the sense.

oh so lovingly written byMatthew |  these are comments, absent.


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a nother list.
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