The housing market has been in need of a correction for some time. Too many places with way over inflated prices.
7 years ago I was in Las Vegas for a conference and home prices weren't too much higher than here in Indiana. Went out there last year for a vacation and prices had grown 300 to 400% higher than here. Any wonder why Nevada is seeing a dip in sales?
"The housing market has been in need of a correction for some time. "
It's incredible to me that my home in Ohio, a 2100 sq. ft. split, if it were in California would be worth over $1 million. In Ohio, it's a $200k home. That seems out of whack to me.
It was a great opportunity though. I've seen a number of stories of people who took a job in CA, bought a house. In a few years, they sold the house, took the 400k profit and bought a home free and clear in the heartland. If my roots weren't so deep I'd have given it a shot.