Buying Is Not the Only Option

Many people are busy talking about how it is too expensive too live in certain areas. They talk about how they cannot live here or there because housing prices are too expensive. Renting is an attractive option with these hyperinflated prices in the bubble cities. Check out this letter published in MSNBC :

I am astounded by the housing costs in my area. I live in Northern California, and a home just four years ago would cost you about $120,000, now that same home is costing you upward of $350,000. This is a university town and many Bay area and Southern California parents are coming up here and buying houses for their Chico State university children. That in turn is raising the home prices here for the rest of us. A home right next door to my in-laws in a very nice neighborhood in Chico sold for $549,000. This house was bought for a Southern California developerÂ’s CHILDREN. In Chico you will be lucky to find a job that pays $10-plus an hour. Our local economy can't keep up with the booming house prices. There were 160 homes listed for sale two weeks ago in our paper and not one was for under $200,000. I would love to sell my house and make a huge profit, but then where would I move in California? Its really very sad and I am very lucky that we bought our house when we did or I would be living in Montana or Ohio.

Heather

Chico, Calif

There are other options. Renting. How about this 3br - 1ba Beautiful Oroville Home in Chico, CA for $1095 ?