Our home price jumped up over $100,000 in less than a year. It’s no wonder people are selling from liberal states and moving to cheaper homes in others states. Sell a shack in Cali, buy a castle in Texas.
“the 1% benefited from the COVID stimulus and are fighting over home prices. Animals.”
True but what is happening in this country is we are now haves and have nots and it started 25 years ago via globalism.
50% of the country are doing great- record stock market returns over the last 10 years...the other 50% not very well.
The next civil war or revolution will not be left or right but between the haves and have nots.
Poor struggling conservative whites will side with poor liberals to get their share of the pie.
Almost all the new homes in our area are $1,000,000+. Nothing for the middle class, even in the outermost suburbs. The average household income here is $56,000.
The house across the street from us sold for $770,000. I think ours is worth less. But since theirs sold for a hundred grand more than I thought it was worth...why shouldn’t I put ours on the market for $800,000? Seems to be the sweet spot.
Read later.
Who is buying?
Who is wanting to invest in these hellholes like California?
Chinese?