Amen!Originally posted by Lee Nellis
I think jaws is oversimplfying. If housing cost is based solely on supply and demand, one would assume that when supply is greater than demand that prices would bottom out. This is not true. Philadelphia has the most abandoned houses of any city in the country (greater than 100,000+ I believe), yet it's very hard to find a house for less than 50k. There are a whole host of other factors at play.