Yup! Absurd. IF I could afford to buy something else I’d downsize but the smaller stuff is more than we paid for what we got now. Then again, we’ll be able to take in a couple illegal alien families currently. All part of the kill the suburbs plans with the ‘accelerating affordable whatever housing act’.
I sold a house in Sacramento for a premium and bought one 75 miles south...purchased in Apr 2020.
The market was still confused then.
The new house is a major downsize. 2bed/1bath with a large lot for trees and garden. Old school, post war housing at 900 sq ft.
Best real estate decision I ever made.