>>>I bought my first house in 1968 for $37,500, and five years later I sold it for $43,000. It took 6 months to sell, which wasn’t unusual at the time, and the profit was about right. I bought a bigger house for $44,000 and 3 years later I sold it for $72,000 over a weekend.<<<
that was then, this is now.
and folks are not as excited.
and it isn’t a great return after taxes, improvements and inflation.
It is difficult to get excited when a house in some places means $3000 a month payments for 30 years.