Real Estate too high?

Who the hell wants to purchase a 1 bedroom and 1 bathroom for over 200,000$. Does that make any sense whatsoever? I'm looking for at least a 2 bedroom and 1 or 2 bathroom at an affordable price. I am not rich and I make an average income and I have many investments such as an RSP and mutual funds. Will the real estate ever be realistic?

As an investor you should understand economics. It is all supply and demand. An afford-ably priced home exists for you except it is located elsewhere where the demand is less. I know you don't want to hear it, but you need to be realistic to realize the economics of your market.

I always find it interesting that people look at house size by how many bedrooms are listed in the description. Instead, I suggest you look a the actual square footage and then "re-name the rooms. Perhaps you can change to the 900 s.f. 1 BR, 1 BA house into a a 2 BR 1.5 BA house.

I would never invest in real estate like that?!

I personally think that real estate in the US has become insane! There will be a market correction, soon. (I hope).

No, the real estate taxes will never be realistic. I live in a little town in Illinois, with not a whole lot to offer, and my taxes are high. Of course, the cost of purchasing my home wasn't bad, but the taxes just keep going up. I watch these home shows on TV and look at the prices people are paying and just can't believe it. Young couples buying their first homes and not even blinking an eye when they way they are looking to spend around $300,000.00!!!!!

As we all know the three most important things about buying a house or an apartment is location, location, location! You are probaly buying on a pretty good location, if you wan't to know how much location affects homes here is an example, in the city 2 bedroom apartment $550,000.
Rural part of upstate NY, a 2 acre house with a pool, $400,000.
If you want a good home for a good price you may need to sacrifice a good location. good Luck!

Depends on the location. If it were in Manhattan vs something in the Carolinas.

All real estate is about location.

Since I am out here in Texas, that price does seem crazy to me, but I bet you are not talking about something in my area.

If you are willing to look in another area, even maybe moving your job, you will be able to find much better prices for housing.

I bet you are not willing to do that. Since a lot of people want to stay there and pay those prices then that reflects the actual market value. (As long as people are buying them to live in and not just leaving them vacant and speculating that they will zoom further in price).