[Bedon292]

Maybe it is because I am not from that area, but I just don't see how anyone can justify that as a reasonable investment. The house prices have to come down eventually right? A house like that in the DC suburbs (depending on exact commute time) is probably only worth 10-15% that. Something about those prices has to normalize eventually, and when it happens the value tanks. You lose a million dollars, and possibly have to take a big credit hit for short selling the house....or hold it even longer and lose even more money. What am I missing? Why do people do it?