Posted on 05/25/2022 8:08:43 AM PDT by SeekAndFind
Rates going up at the same time prices are skyrocketing....
Bubble will be popping soon... and it won’t be pretty.
One of the guys in my office rents the same house down there every year for a couple weeks in August. He books the car ferry six months or more ahead of time. Then he gets the permit so he can drive it on the beach. I do not think the house he rents is on the water. Neither is the one the guy from GS owns.
Neither..
I’ll let you in on a secret...
When a “trend” hits Pittsburgh, its about run its course...
bubble will be deflating soon and it won’t be a controlled decent.
Yep, they usually have a start date, I think in January to book in advance. We used to do it when we rented on MV.
Few are like you, choosing the good of the neighborhood over more money in pocket. Kudos!
I sold a house in the same area when the bubble first started, and a house flipper paid cash over the asking price. Now, I’m waiting for home prices to fall again, but economists are saying they won’t.
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