Can't see who making high profits? The seller (who bought in the 90's or sooner) or you (if you choose to sell in 2015 - 2020)? Why shouldn't a seller make a profit?
If you are reading closed sales prices and are seeing that the demand is sustaining the prices over time, then how else can you read the market? Sounds like a neighborhood that would be a good choice to buy in to me.
This is why, whenever anyone buys, they should be buying (like Jeremy said) Location, Location, Location. - Tue Oct 28 2008, 21:42