>The similarly sized house next to it sold for $149,000 in 2012. This is looking pretty bubbly to me. But 2012 was also the absolute bottom of the worst housin

>The similarly sized house next to it sold for $149,000 in 2012. This is looking pretty bubbly to me. But 2012 was also the absolute bottom of the worst housing slump in US history. If you averaged out the appreciation of a median priced home at the beginning of the housing bubble in 1998, which was $175,000 [0], at 3.8% annually, the historical average [1], until 2021, the median price would now be just shy of $400k. We currently stand at $350k median price, and that's with a generational tailwind of millennials (the largest generation in US history) now just starting to buy homes. The fact is that it's still the single best financial decision an average person can make, even at what seem like inflated prices. [0] https://dqydj.com/historical-home-prices/ https://dqydj.com/historical-home-prices/ [1] http://www.fedprimerate.com/new_home_sales_price_history.htm http://www.fedprimerate.com/new_home_sales_price_history.htm