Home Prices Soar 47% Since 2020

hurricanehook wrote:

Daily Bread wrote:It doesn't really matter how much your house went up in value because they all went up the same  so selling isn't going to make you a profit because your spending that much on your new home somewhere else . Its all false inflation and its just making the dream impossible for young new home buyers . I paid $49 grand for my ranch house and I got an offer of $875 , 000 from some people that want out of NYCity just 2 weeks ago . I could move to a nice house in Pennsylvania and bank $400 grand but I like it out here and we've got the kids all close by . I also like it out here and the NY City people that are moving out here aren't changing the politics and atmosphere just yet and they're bringing all that new cash out here . But if enough of them move out they will change things and the NY City cancer will take hold .

Daily you are exactly correct. You can take the profit, but you will have to downsize or move like you said to a different location.

Daily Bread wrote:

hurricanehook wrote:

Daily Bread wrote:It doesn't really matter how much your house went up in value because they all went up the same  so selling isn't going to make you a profit because your spending that much on your new home somewhere else . Its all false inflation and its just making the dream impossible for young new home buyers . I paid $49 grand for my ranch house and I got an offer of $875 , 000 from some people that want out of NYCity just 2 weeks ago . I could move to a nice house in Pennsylvania and bank $400 grand but I like it out here and we've got the kids all close by . I also like it out here and the NY City people that are moving out here aren't changing the politics and atmosphere just yet and they're bringing all that new cash out here . But if enough of them move out they will change things and the NY City cancer will take hold .

Daily you are exactly correct. You can take the profit, but you will have to downsize or move like you said to a different location.

I've thought about going smaller but that would mean a move out of state and away from the kids , the wife's 57 million plants in the back yard and the fish she takes care of in the little pond . Our house is where everyone comes to eat ,drink and be merry throughout the year so moving out is not going to happen right now . Things might change but not right now - not even if the doubled the price .

hurricanehook wrote:

Daily Bread wrote:

hurricanehook wrote:

Daily Bread wrote:It doesn't really matter how much your house went up in value because they all went up the same  so selling isn't going to make you a profit because your spending that much on your new home somewhere else . Its all false inflation and its just making the dream impossible for young new home buyers . I paid $49 grand for my ranch house and I got an offer of $875 , 000 from some people that want out of NYCity just 2 weeks ago . I could move to a nice house in Pennsylvania and bank $400 grand but I like it out here and we've got the kids all close by . I also like it out here and the NY City people that are moving out here aren't changing the politics and atmosphere just yet and they're bringing all that new cash out here . But if enough of them move out they will change things and the NY City cancer will take hold .

Daily you are exactly correct. You can take the profit, but you will have to downsize or move like you said to a different location.

I've thought about going smaller but that would mean a move out of state and away from the kids , the wife's 57 million plants in the back yard and the fish she takes care of in the little pond . Our house is where everyone comes to eat ,drink and be merry throughout the year so moving out is not going to happen right now . Things might change but not right now - not even if the doubled the price .

Sounds like you are in Heaven already! No sense to leave your paradise.

Daily Bread wrote:

hurricanehook wrote:

Daily Bread wrote:

hurricanehook wrote:

Daily Bread wrote:It doesn't really matter how much your house went up in value because they all went up the same  so selling isn't going to make you a profit because your spending that much on your new home somewhere else . Its all false inflation and its just making the dream impossible for young new home buyers . I paid $49 grand for my ranch house and I got an offer of $875 , 000 from some people that want out of NYCity just 2 weeks ago . I could move to a nice house in Pennsylvania and bank $400 grand but I like it out here and we've got the kids all close by . I also like it out here and the NY City people that are moving out here aren't changing the politics and atmosphere just yet and they're bringing all that new cash out here . But if enough of them move out they will change things and the NY City cancer will take hold .

Daily you are exactly correct. You can take the profit, but you will have to downsize or move like you said to a different location.

I've thought about going smaller but that would mean a move out of state and away from the kids , the wife's 57 million plants in the back yard and the fish she takes care of in the little pond . Our house is where everyone comes to eat ,drink and be merry throughout the year so moving out is not going to happen right now . Things might change but not right now - not even if the doubled the price .

Sounds like you are in Heaven already! No sense to leave your paradise.

Not heaven hurricane , no different than most and like most we get comfortable and deal with and problems  . Too many memories and we're  not good at giving them up I guess .