Talk of The Villages Florida - View Single Post - The end is near?
Thread: The end is near?
View Single Post
 
Old 01-22-2023, 12:37 PM
DAVES DAVES is offline
Sage
Join Date: Feb 2014
Posts: 3,539
Thanks: 196
Thanked 1,920 Times in 984 Posts
Default
Quote:
Originally Posted by Bilyclub View Post
Good, then house prices will drop to a more reasonable level.
What is reasonable? For many, they own another home that they plan to sell. The one you sell is also going up. So it is a wash. Mortgage rates have also gone up. The purchasing power of the dollar CPI consumer price index was 9.1% now 8.5% or there about. Our previous home we sold it for 6x what we paid for it. Wow, great. Made me check most everything else also went up 6x.
What is happening, what will happen, truth it is a best guess.

If, you are happy where you are staying there may be the best option. My niece bought a home in
BUFFALO-homes are cheeeeeeeeep. You've probably heard of the SNOW. Trying not to call and tell her it is 70 here. Truth I miss the snow. Pictures and my busted back are enough for me.