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I don't buy this at all. There are shoddy houses in my area that were sold in 2021 for $100k that are now on the market for $250k in 2023. We're in a bubble.
by jplusequalt 3y ago
I don't buy this at all. There are shoddy houses in my area that were sold in 2021 for $100k that are now on the market for $250k in 2023. We're in a bubble.
- Tade0 3y agoLooking at China's experience, we're in a situation where demand is increasingly coming from investments. HouseCoin if you will.
- toomanyrichers 3y agoThis: > There are shoddy houses in my area that were sold in 2021 for $100k that are now on the market for $250k in 2023. Does not imply this: > We're in a bubble.
- wing-_-nuts 3y agoWhen things get to the point where the average person living in a zip code cannot afford to buy a house in said zip code, it usually is.