Beef is up over 50% since mid 2000’s. That wasn’t an economic crisis but minimum wage increases are treated as catastrophes. That makes no sense to me. I don’t understand the emotional and hyperbolic responses to the minimum wage discussion.
It’s like the illegal alien / H1B thing.
There are folks that make money off it.
Have a relative that way; way overbought on a house but complains they drive old cars. The extra $400,000 to $500,000 upgrade from their previous house would have bought a couple of nice new cars, and still have $320,000 to $420,000 of less debt (assumes two $40,000 cars - which still, even today, will purchase a new car and a new truck or mid-sized SUV).
Sure, there is extra value in the other home - if you can find somebody wealthy enough to afford it. They don’t seem to be in much of a hurry. Nice land, though.
I’m always amazed at some of the house prices around Atlanta (they’re not there). Some homes that looked like they were $400,000 homes going for $200,000 or so (TV show). Must have been some serious deflation in some areas.