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Originally Posted by CoachKandSportsguy
Played golf last Sunday at a medium size course in MA. Starter was a very talkative white haired man. He has sold his house, and all the furniture is in storage in pods. He has a Brownwood villa rented for the month of august, and he and his wife are determined to buy a house in the villages by the end of the month. Asked him a few questions, and he had some quirky answers, though his wife is the major decider. Didn't quite grasp the MLS sales concept as he wanted to buy a pre-owned home, and he has a "TV" sales rep. . .
Friends of ours in MA sold their $650K house this week near us to a young couple from CA. CA couple did the virtual tour and bought the house without leaving CA. The couple was pre-approved for $700 K mortgage.
The current problem in real estate is that there is not enough supply away from the urban centers. Of course the builders did not have time to create rural /suburbia supply for an urban pandemic. There are anecdotal evidence from national home builders' employees that houses are going like wildfire at the moment. People now want open space for their kids and family..
Urban cities will trend towards lower income and will take another several decades to recover, in the northeast, where the cities are the oldest
sportsguy
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median rent 1 bedroom , $2,600 if you can find one, condos starting at $500, in the less popular neighborhoods, to over 1, million in better neighborhoods, and the median price of a 1family home at $800,, also the surrounding cities are seeing record jumps in rents and sale of houses the future is not in the burbs , but places where you may not need a car , where you can easily get to top flight medical care, expose your self to the arts a lively city and experience, sure there a virus but it will pass ,in some way the villages itself is what retirement will look like it the future lots to do , able to get around , unlike many of the dreary retirement placesvscattered all across America with there one golfcourse or none,