New Mexico, baby. Low gas taxes and abundant petroleum reserves. Natural gas is about 0.50¢ a therm, if you can believe it.Kshartle wrote:$2.78?!?!?!Pointedstick wrote:Huh? Maybe Everything's Local™, but where I live, gas is $2.78 a gallon and housing prices are rising more rapidly than they have in years.Kshartle wrote: My bonus prediction was the highest average annual gas prices and the media would give up pretending there is a housing recovery. I think we just barely hit the former and they are just on the verge of giving up the housing ghost. I expected long-term rates to be 4.5% or higher by now which will totally kill the housing fantasy.
Where do you live....Oman?!?!?!
In my part of the state, there are still a lot of foreclosures, but they're starting to get snapped by by investors and flippers, which is reducing the lower-priced inventory and pushing prices back up as these properties make it back onto the market as move-in-ready Home Depot specials.