I am a senior.. I saw this happening years ago.
we bought our first house in Ft Wayne Ind..$10,000 for a 2 bedroom with basement and a very nice home.
we bought many blocks from the run down neighborhood.
I’m not a racist.. I’m just telling what it was then.
I wanted to look at the new homes built further out.. but they were $30,000 plus.
you mentioned white flight..yes, it went on .when the real estate laws changed from “you sell your home to whom you want to”.. to “anyone can look and anyone can buy your home”.
that is why the new homes were more than twice the price.
now, here in Ga, a home will cost 200,000 to get something safe and comfortable.
everyone raised prices and it takes 2 incomes to have a home and car and etc.
the bottom dropped here 3+ yrs ago and our homes lost 100,000 overnight.
if biden gets in.. I’m selling.. they will drop again.
in my lifetime homes went from 10,000 to 500,000.. yes. and still today Atlanta grows north for miles.. oh there are black sports figures living in mansions.. it isn’t skin color.. its “do you keep your home in great shape”
if that is white flight.. it’s not losing the money put in a home.
people want to look good.. just have some sense to think of neighbors. I go off with loud music somewhere.. drums and bass guitar.. I dont make you listen to my Sunday sermon.. dont play your music loud...
our first new Chevy was $3200.. today its 50,000???
have not bought a new car lately. not sure..
You'll pay at least a million dollars for something safe and comfortable in California. And, that'll be a fixer-upper.