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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 10:11 am to Bass Tiger
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.
2
Posted on 1/22/18 at 10:13 am to AUsteriskPride
quote:
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.
Yeah, I'm not sure what he was getting at in relation to the thread. That doesn't strike me as some sort of "bubble" indicative increase.
Posted on 1/22/18 at 12:49 pm to AUsteriskPride
quote:
Relatively speaking, that would be a reasonable price increase when considering inflation.
Yeah I agree, I guess the bubble depends on where you live. In the KC area prices didn’t drop as much as most areas of the country during the 2007-2009 meltdown, maybe 10% compared to 30-40 % or more in LA, San Francisco, Phoenix etc. Right now the hot real estate in KC is multi unit rentals and single occupancy homes in the 400-500k range. Not too many starter homes being built under 175k in the 1300-1500 sq ft range.
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