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> nobody is buying or selling houses You must not live in the US then. Housing prices are climbing to all-time highs because of demand.
by yroc92 8y ago
> nobody is buying or selling houses
You must not live in the US then. Housing prices are climbing to all-time highs because of demand.
- mandliya 8y agoYes, Redfin shows some of the properties at least in Seattle area are being sold at an exorbitant price (way more than asking price). Too few houses, too many buyers!
- paulddraper 8y agoThis is the result of (1) wealthier buyers (2) increased urbanization and (3) housing supply still playing catch up from 2008. Nicer reasons than say, stagflation.
- gaius 8y agoThe buyers are likely to be overseas property investors - there is a lot of this in London
- okmokmz 8y agoYup, I purchased a house in the Seattle area in 2016 for 12% over the asking price. This year it appraised for 58% more than what we bought it for. Houses are regularly selling for over >10% over asking prices as soon as they're listed
- frockington 8y agoRates are rising in the US and Nike and retail in general has been making a strong comeback this year. Poster might just be a perma-bear type who has been waiting for the next recession since 2015