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Rich 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 hou
by dools 3y ago
Rich 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