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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 12:49 pm to Ace Midnight
Posted on 1/22/18 at 12:49 pm to Ace Midnight
quote:
Does that market support better than a 5% appreciation rate?
This is the million dollar question. Right now the answer might be yes, but for how much longer?
quote:
Where I'm looking is flat. At the upper end of my budget, there aren't many buyers ( ) - why? Because most people with that kind of money already live in the house of their dreams.
So, I'm holding all the cards - I just can't buy a house, hate it then have to sell it. I'm getting too old for that.
I am only 31 lol.
1
Posted on 1/22/18 at 12:53 pm to 50_Tiger
quote:
I am only 31 lol.
Well, I can tell you that - at exactly that age, I bought a house for about $42 sq. foot and sold it last year for about $72 a sq. foot, after holding it for 18 years (ETA: Sorry, 19 years).
This post was edited on 1/22/18 at 12:54 pm
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