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re: Real estate in BTR is stupid right now.

Posted on 8/29/16 at 11:41 am to
Posted by Tingle
1173 Tallow Tree Lane
Member since Sep 2013
4558 posts
Posted on 8/29/16 at 11:41 am to
quote:

Does not compute. It's only overpriced if people aren't buying. Buyers determine the market price...all day every day.
That is true. It just blows my mind that people are willing to pay $300k+ for a 1,500 sq ft double that's on the same block as a crack house.
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 8/29/16 at 11:46 am to
quote:

That is true. It just blows my mind that people are willing to pay $300k+ for a 1,500 sq ft double that's on the same block as a crack house.


Sounds like you're describing gentrification that happens in the core of some cities. I kind of get why that happens. People want to be close to the action, so to speak.
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