I can't see how it won't. Here in my area, houses have almost doubled. Even in the hoods, they're going for 200k or more.
Old man and his wife across the street just sold for nearly 200k. Reminds me of some friends that left the area in 2003, sold their tiny house for $130k and 8 years later it sold for $77k.
I can't see how it won't. Here in my area, houses have almost doubled. Even in the hoods, they're going for 200k or more.
Old man and his wife across the street just sold for nearly 200k. Reminds me of some friends that left the area in 2003, sold their tiny house for $130k and 8 years later it sold for $77k.
I think with inflation at this rate it will prevent a crash as the land/house is a tangible good.
I think with inflation at this rate it will prevent a crash as the land/house is a tangible good.
That's my line of thinking as well. At this rate, $200k in January 2022 dollars is going to be worth $270k in January 2023 dollars easily. It could get worse than that even.
That's my line of thinking as well. At this rate, $200k in January 2022 dollars is going to be worth $270k in January 2023 dollars easily. It could get worse than that even.
If I had to buy my own house today I couldn't qualify. Just the property tax would be almost as much as my current mortgage.
If I had to buy my own house today I couldn't qualify. Just the property tax would be almost as much as my current mortgage.
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