“A long-winded way of saying that most housing has become overpriced.”
Yes on high priced. Bunk on stagnate. I see an astonishing number of newly built homes going up. Generally, there is not for sale sign, meaning they are being built to order.
A developer told me that he can’t quote a price on the same house using actuals from the last one. The material prices are going up that fast. As an aside, I can testify that my materials prices are going up each time I buy something.
I wonder how much of that is true inflation and how much is due to all the hurricane/storm damage the past 2-3 years (Caribbean, SE, FL, Texas, etc)