2 ms·
I believe it. My experience is that prices have spiked in nice suburbs. Like from $200k-400k in three years, even though overall metro population hasn’t spiked.
by prepend 4y ago
I believe it. My experience is that prices have spiked in nice suburbs. Like from $200k-400k in three years, even though overall metro population hasn’t spiked.
I don’t think this is a bubble, I think it’s a readjustment by people who don’t need to drive any more. I’m waiting for in city prices to crater a bit, but it’s been interesting and seems quite different from the 2008 housing crisis that seemed to be a bit more BS.
I’m looking for “pop up exurbs” that are specifically started for this but it seems like home prices are super expensive in the $500-1M and no one is trying to build $100k houses in the middle of nowhere any more.