Considering houses in the NY area START at $400k for something even remotely decent, you are talking out of your ass.
WTF dude. What are you? 25? Going be making 180k a year and JUST now looking to buy a house.
I thought you were one of those claiming that the economy wasn't growing stronger. But house values are rising rapidly. Now why would that be? Oh I know. More people with good jobs looking to buy a house.
Maybe you should have acted when the economy really sucked. Like right when Bush crashed the economy,
I would bet that those 400k houses were not selling for 400k then. Were they? Should'a bought on the crisis dude.