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re: Drudge linked, Economist on housing bubble: We never left the bubble, its bubble inception
Posted on 1/22/18 at 10:08 am to boogiewoogie1978
Posted on 1/22/18 at 10:08 am to boogiewoogie1978
quote:
People are overvaluing and overpaying for homes. I look at a lot of these prices and wonder how so many can afford such high prices. In short, they can't. Something has to give.
Me and the wife bought our 1st new home in 1991 for $67k, that house today would be over 120k for a resale, over 130 new.
1
Posted on 1/22/18 at 10:11 am to Bass Tiger
quote:
Me and the wife bought our 1st new home in 1991 for $67k, that house today would be over 120k for a resale, over 130 new.
Relatively speaking, that would be a reasonable price increase when considering inflation.
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