3 ms·
The thing is, I haven’t even lived in it yet. It’s increasing in value at a rate that doesn’t make sense for the community where it was built. I don’t think I’m
by steve_adams_86 3y ago
The thing is, I haven’t even lived in it yet. It’s increasing in value at a rate that doesn’t make sense for the community where it was built. I don’t think I’m getting rich or something, it’s just bizarre to me that a home can increase in value before it’s even built and continue to as it’s built. On paper I bought it for more than 10% less than identical neighbouring builds, but nothing has changed about the homes.
- seanmcdirmid 3y agoIt isn't built yet? The price of a house is simply a matter of supply and demand. If you buy when supply is more abundant and demand less so, you'll get a better price. Right now, there is a supply crunch in housing (because interest rates are high, the second hand market is really low volume), that means available inventory has a higher price. If you want a year later, the dynamic will be different.