I'm from Long Island New York. The housing market here has gone through the roof in the last 3 years. A friend of mine bought a house 3 years ago for approx. $280,000.00 and the sold it this year for $480,000.00. (Approx. 50 years old, very small 3br with almost no property, 1 floor)
I'm from Point Lookout (if anyone has ever heard of it). I'm a resident for over 30 years. Because I didn't get in the market 3 years ago living in my home town is almost out of the question now. The rest of the Island is not much better – most properties are $100,000 over priced. The cost of homes on Long Island has gone so high, I've considered moving away.
I just came back from a trip to Las Vegas where you can buy a brand new beautiful house for $200,000 - $360,000 in a gated neighborhood no-less. Of course the job market isn't as good but it's much easier to get in to a house out there.
Anyway, what's it like by you?