3 ms·

You honestly think that all those 3 bedroom, 2 bath homes selling for $500K right now are going to be selling for a million in 2 years? They were selling for li

• jjeaff 5y ago
  Obviously, it's location dependent but i keep saying that to myself as the homes in my area just keep going up. I assumed at $500k, it couldn't possibly go any higher. Now that those same houses are pushing $900k, I'm thinking they can't possibly go higher.
• hellisothers 5y ago
  I used double as an example, nobody is making the argument that houses will double.
• thehoff 5y ago
  I tend to agree, but we used to live (own) in a major city. We then moved only 4 years later and the house had gone up quite substantially (I couldn't believe it). Now 4 years after moving away I still check on that house and see it keeps going up and even though our savings has gone up, we can no longer afford that house anymore. After a few moves, we're now renting a home in a pretty far off suburb of another city and the prices in this area are starting to get out of hand. Witnessed by us starting to look after we decided we like it here. The houses in this market won't last a week and offers are way over list. But I still go back to, this can't keep up. Who is going to keep buying at this pace? Salaries certainly can't be keeping up with this?