4 ms·
Prices go up there too, though. We moved to a little tiny town in the middle of nowhere in 2020 and our house has nearly doubled in value.
by dools 3y ago
Prices go up there too, though. We moved to a little tiny town in the middle of nowhere in 2020 and our house has nearly doubled in value.
- kortilla 3y agoThey go up but it doesn’t matter because you’ve more than made up for it in the higher cost market. When someone from SF sells their $2.5 million dollar home to retire to Orlando, it doesn’t really matter if Orlando median prices recently doubled from $200k to $400k.
- dools 3y agoRich people cashing out of higher value markets and/or investing in lower value markets is what drives the price up though. Someone in Orlando who bought a house at $200k might feel excited that their house is worth $400k but it’s irrelevant because if they wanted to move house then wherever they might like to move has also increased in price.
- kortilla 3y agoSo? The discussion is about how you’re better off being in the top end market. The people who spent their life in Orlando or wherever else that had normal housing are at the whims of people coming from crazy housing markets