3 ms·
I believe we are approaching a top. A lot of otherwise-undesirable places to live have doubled and tripled in price recently (while homes in desirable cities ha
by jquery 5y ago
I believe we are approaching a top. A lot of otherwise-undesirable places to live have doubled and tripled in price recently (while homes in desirable cities haven't moved much at all), fueled by COVID-19 and remote work spiking demand temporarily. Basically, city-dwellers paying city prices for rural real estate. I don't think this is a sustainable state of affairs and I believe this has created a giant bubble in home prices outside of cities. Something has to give. Either the price of homes in cities doubles, or the price of rural/suburban homes falls back down to earth.
- poulsbohemian 5y agoReal estate agent checking in here: the thing about real estate is that it's local. So sure, there will be geographic locations or even segments of a market that are in a bubble and there will still be locations that are undervalued. Everything about my rural market would indicate continued sustainable growth for the foreseeable future, but I wouldn't dare prognosticate about another market without consulting local experts.