Quote:
Originally Posted by Normal
It’s all the free market and supply versus demand.
We are all staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets.
Remember, the US economy had more than a Trillion dollars of funds injected into it along with trillions in penned up savings. People are willing to pay more. Get used to it.
Enjoy what you have saved and ignore the stress of worrying about others.
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It is not so much what you're buying (or selling) but WHERE you are buying or selling.
Our home in Minnesota gained over $50,000 in value in the space of a few months. We were located in a small town about 50 miles from Minneapolis. When the riots happened in Minneapolis and St. Paul there was an exodus of people from those cities and our little town became a bedroom community for people who worked in Minneapolis but who decided that continuing to live there was not worth the risk. Interestingly enough our house sold for substantially more than the asking price, and in the space of three days. It was our ticket to The Villages, so to speak.