Skyrocketing prices and rising interest rates…
Pool of buyers shrinking… every percentage point increase shrinks the pool of potential buyers for any given property exponentially.
We’re headed for a buyer’s market.
And to think I know a couple who just built an expensive house with 5 acres of lawn, put all their money into it thinking they would sell it and retire.
They built when materials were at their very highest, even have a separate garage for a bus. I mean one the size of a Greyhound Bus.
I don’t know what they will do for retirement, tried to tell them not to put all their eggs in one basket.