Lots of good explanations for why housing prices are up. Among them, the feeling of wealth among many who were invested in the US Stock Market. It almost feels like "free money", and if one feels like that train ride might be ending, investing in something more tangible, that enhances one's daily living, makes sense, even if there is a clamor to do so, and a resultant spike in prices. We're old. What? We are going to wait for the next popping of the bubble and scoop up bargains? We might be dead, or too old to enjoy the bounty of our patience.
At least, that's what prompted my recent participation in the game.
I don't expect a huge increase in the value of my property during the time I will own it. Might happen, might not. Doesn't matter to me. It might be nice for my heirs, but that's not what motivates me.
Now, if I could just find some bedroom furniture, that would be nice.
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