A long-winded way of saying that most housing has become overpriced.
“A long-winded way of saying that most housing has become overpriced.”
Yes on high priced. Bunk on stagnate. I see an astonishing number of newly built homes going up. Generally, there is not for sale sign, meaning they are being built to order.
A developer told me that he can’t quote a price on the same house using actuals from the last one. The material prices are going up that fast. As an aside, I can testify that my materials prices are going up each time I buy something.
Or maybe we can stop fretting about people not committing to the benefits of community, with them now staying put for social reasons.
That’s my take on it also. Especially in markets like California/
When I finally worked up the nerve to ask her why she didn't, she replied "because owning a home weighs you down and makes you responsible for everything. It is much easier to budget as a renter and if something like a hot water heater goes out, I make one phone call and it costs me nothing out of pocker to get it fixed."
There are a LOT of renters with more income than owners these days. She is just one such example.
It’s ridiculous what people are paying for these (inflation) houses.
I can’t image being a dang wage slave to no freakin’ house.
Bought this house almost 30 years ago.
Paid it off in 10 years.
Yeah, we just went (still going, I suppose) a cycle (the 3rd???) where folk bang on your door wanting to buy your house.
Only bad part is I’m unequally yoked to a bunch of egg sucking libs that started moving into the ‘hood ‘bout 15 years ago.
Sigh!
It’s ridiculous what people are paying for these (inflation) houses.
I can’t image being a dang wage slave to no freakin’ house.
Bought this house almost 30 years ago.
Paid it off in 10 years.
Yeah, we just went (still going, I suppose) a cycle (the 3rd???) where folk bang on your door wanting to buy your house.
Only bad part is I’m unequally yoked to a bunch of egg sucking libs that started moving into the ‘hood ‘bout 15 years ago.
Sigh!
Overpriced and, in many places, overtaxed.
That might be in some markets.
Here in southern NH, there are very few single family starter homes. The houses that are sitting on the market are $500K to $1+ million.
I know two people in the market right now. One put their house on the market $230K 2 bedroom 1 1/2 bath 1100 square feet and sold it in 2 days @ $235K . He had multiple offers.
It is a second row lake house.
My neighbor put their 4000 sq foot, 4 bedroom, 8 acre horse farm on the market 4 months ago. $650K. Their barn cost $100K to build 15 years ago. No offers, none. They are taking it off the market until next year.
And fewer poeple are moving because of job instability.